Peace River, Alberta
As of September 26, 2026, the median asking price in Peace River is $304,000, across 38 active MLS® listings.
Those listings have been on the market an average of 171 days.
8 new listings came to market in Peace River in the last 30 days.
Asking prices work out to about $201 per square foot, based on the 38 listings that report floor area.
Detached homes in Peace River are listed at an average of $296,005 across 22 active listings.
Homes in Peace River are listed at an average of $372,983 across 6 active listings.
Condos in Peace River are listed at an average of $592,580 across 5 active listings.
A Peace Country service centre with everyday essentials
Peace River is a practical hub where work, services, and daily errands are close at hand—without feeling like a big metro setting.
This is a compact regional centre: anchored by government and health services, supported by schools, retail, and nearby resource-sector activity. The appeal is straightforward—access to essentials, community facilities, and a broad set of recreation options—while the trade-off is that it is not a dense, car-free environment where most errands naturally happen on foot.
Recreation and community life have multiple anchors nearby, including Al Adair Rec Centre, Peace Regional Pool, Rock And Bowl, and Peace River Municipal Library.
A recognizable set of outdoor spaces sits close to the centre, including River Front Park, Twelve Foot Davis Park, and Shaftesbury Trail.
Errands are well-supported locally with grocery, pharmacy, and general retail options such as Freson Bros., Peace Country Co-op, Walmart, and Shoppers Drug Mart.
Peace River’s housing is dominated by detached houses, with condominium apartments also common. That combination supports both traditional ownership with full control of the property and a multi-family alternative where exterior responsibilities are typically shared.
A typical home is a detached house, with condo apartments forming a significant second option for buyers who prefer multi-family living.
A weekend in the area can revolve around community facilities and outdoor spaces: time at River Front Park or along Shaftesbury Trail, plus indoor options like Rock And Bowl or a swim at Peace Regional Pool. For a change of pace, there are entertainment and culture stops such as River City Cinema, Peace River Municipal Library, and Peace River Museum Archives and Mackenzie Centre.
In Peace River, look past the asking price at how the home’s ownership style fits your routine—detached versus condo living changes your maintenance responsibilities and monthly obligations. Also weigh how you’ll realistically cover day-to-day errands given the area’s moderate walk and bike scores.
If you’re buying an apartment, review what the condominium setup covers and what it doesn’t, and assess how the building’s condition affects day-to-day comfort and long-term upkeep.
Detached homes can vary widely in how much immediate work they require; focus your evaluation on the home’s overall upkeep and the practicality of the property for your daily needs.
With Walk Score 62/100 and Bike Score 51/100, some tasks can be done on foot or by bike, but many households will still plan around driving for a full set of errands and activities.
Confirm how your address relates to the places you’ll use most—schools, health services, and recreation—since the area’s amenities are spread across multiple sites.
Selling in Peace River works when buyers can immediately see what the property offers in a service-centre setting: everyday conveniences nearby, practical access to recreation, and a home that’s been maintained for year-round living. With mostly detached houses and a meaningful share of condominium apartments in the mix, buyers often compare homes by condition, functionality, and what’s included rather than by a single template. Marketing should make the home’s livability and upkeep easy to understand at a glance.
Show the maintenance story plainly: recent updates, what’s been replaced, and what’s been cared for. In a market with many detached homes, clear evidence of upkeep helps a buyer compare one property to another without guessing.
If the home is a condominium apartment, make the practical details easy to find: what the fees cover, what parking and storage come with the unit, and any building amenities. Buyers also look for straightforward information on the building’s overall condition and management.
Connect the home to the nearby basics by naming the closest anchors buyers recognize in the area, such as Walmart, Freson Bros., Peace Country Co-op, and Riverdrive Mall. Pair that with nearby services like Peace River Community Health Centre and Peace River Municipal Library to frame day-to-day practicality.
Where it fits, highlight access to specific recreation and outdoor options close by, such as Shaftesbury Trail, River Front Park, Peace Regional Pool, Al Adair Rec Centre, and Peace River Ski Hill. These are concrete reference points that help buyers picture how the location supports how they spend time off.
Peace River offers the convenience of a regional service-centre area—health, government functions, schools, shopping, and recreation all present in one market—paired with a housing mix where detached homes lead and condominium apartments are also common. It’s a strong match for people who want practical access to essentials and facilities without needing a big-city setting. It’s not the right fit if you prioritize a dense, transit-first lifestyle where most daily needs are naturally met on foot.
This description is compiled from the figures above and from published sources. It is not a statistic.
Walk Score 62 · Bike Score 51
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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