Penhold, Alberta, Canada
As of August 12, 2026, the median asking price in Penhold is $479,900, across 17 active MLS® listings.
Those listings have been on the market an average of 44 days.
10 new listings came to market in Penhold in the last 30 days.
Asking prices work out to about $354 per square foot, based on the 15 listings that report floor area.
Detached homes in Penhold are listed at an average of $501,792 across 12 active listings.
Penhold is a fast-growing small-town community just south of Red Deer along Highway 2A, with most housing made up of newer single-family homes, townhomes, and a limited number of rental-oriented multifamily options. The neighbourhood character is suburban and family-focused, attracting young families and trades/commuter households seeking more attainable prices than larger Alberta centres while remaining within a short drive of Red Deer’s employment, shopping, and services. Demographics skew toward working-age adults with children, and demand is influenced by regional job conditions in Red Deer County and broader Central Alberta.
Key amenities cluster around local parks, playgrounds, recreation facilities, and community services, with day-to-day needs served locally and major retail/healthcare concentrated in Red Deer. Schools and childcare options are a core draw for owner-occupiers, supporting stable long-term demand, while the rental market is comparatively tight due to limited purpose-built supply. Transit is primarily car-dependent (regional commuting by personal vehicle), which tends to favour single-family rentals and townhomes over apartment-style units. Real estate trends typically show steady absorption in newer subdivisions, with price growth driven more by regional affordability and in-migration than by high-density development, and rents supported by limited inventory and commuter demand.
Penhold’s market currently has 27 active listings with a median asking price of $446,145 and an average of $333 per square foot, giving buyers a reasonable amount of choice across price points. Homes are taking about 50 days on market on average, suggesting a more measured pace where pricing and condition matter, while 12 new listings in the past 30 days point to fresh inventory and potential negotiating opportunities for buyers and investors.
Walk Score 47 · Bike Score 46
The median asking price in Penhold is $479,900, across 17 active MLS® listings as of August 12, 2026. The average asking price is $869,782. These are list prices on homes currently for sale, not sale prices.
There are 17 active MLS® listings in Penhold as of August 12, 2026. 10 of them came to market in the last 30 days.
Homes currently listed in Penhold have been on the market an average of 44 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 17 homes currently listed in Penhold, 71% detached houses, 12% townhouses, 6% commercial properties, 6% vacant land.
Penhold has a Walk Score of 47 out of 100, which Walk Score classifies as Car-Dependent — most errands require a car. Bike Score is 46.