Peace River, Alberta, Canada
As of August 12, 2026, the median asking price in Peace River is $290,000, across 61 active MLS® listings.
Those listings have been on the market an average of 231 days.
6 new listings came to market in Peace River in the last 30 days.
Asking prices work out to about $356 per square foot, based on the 47 listings that report floor area.
Detached homes in Peace River are listed at an average of $305,882 across 28 active listings.
Vacant land in Peace River are listed at an average of $226,777 across 13 active listings.
Homes in Peace River are listed at an average of $412,386 across 7 active listings.
River Valley Living, Everyday Practical
In Peace River’s core neighbourhoods, the landscape is defined as much by the valley as by the front porches. Streets of mature trees and practical bungalows sit above a dramatic river corridor, where viewpoints and trails remind you this is a working northern town with a spectacular backyard. With a Walk Score around 62, daily errands are doable—especially closer to downtown and the main commercial strips—but most households still plan life around a vehicle and the seasons.
Long-time homeowners share the block with tradespeople commuting to regional industrial work, public-sector staff, and young families drawn by attainable entry prices and room to grow. The housing mix leans heavily detached—post-war bungalows, split-levels, and 70s-era family homes—alongside older low-rise rentals and pockets of newer infill where lots have been refreshed. Neighbours tend to know each other by name, and community life often revolves around schools, rinks, and fundraisers rather than flash.
Real estate here moves to the rhythm of regional employment: healthcare, education, municipal services, and the broader Peace Country resource economy. Buyers often prioritize yard space, garages, and a solid foundation over trendy finishes, while investors watch for steady rental demand tied to project cycles and staffing needs at key institutions. The market’s appeal is simple and enduring—space, value, and a genuine small-town feel, with the river valley always close enough to change the pace of a regular weekday.
Peace River is showing a well-supplied market with 64 active listings, a median asking price of $295,000, and an average of $356 per square foot. Homes are taking time to move at an average 221 days on market, suggesting buyers and investors may have room to negotiate, especially on pricing and terms. With 6 new listings in the past 30 days, fresh inventory is coming on steadily but not surging, reinforcing a measured, patient buying environment.
Walk Score 62 · Bike Score 51
The median asking price in Peace River is $290,000, across 61 active MLS® listings as of August 12, 2026. The average asking price is $477,331. These are list prices on homes currently for sale, not sale prices.
There are 61 active MLS® listings in Peace River as of August 12, 2026. 6 of them came to market in the last 30 days.
Homes currently listed in Peace River have been on the market an average of 231 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 61 homes currently listed in Peace River, 46% detached houses, 21% vacant land, 5% condos, 3% townhouses.
Peace River has a Walk Score of 62 out of 100, which Walk Score classifies as Somewhat Walkable — some errands can be accomplished on foot. Bike Score is 51.