Penhold, Alberta
As of September 27, 2026, the median asking price in Penhold is $489,900, across 13 active MLS® listings.
Those listings have been on the market an average of 40 days.
6 new listings came to market in Penhold in the last 30 days.
Asking prices work out to about $327 per square foot, based on the 13 listings that report floor area.
Detached homes in Penhold are listed at an average of $507,360 across 10 active listings.
The Penhold neighbourhood in the Town of Penhold is a small-town residential area characterized by newer low-rise subdivisions, single-family homes with some duplex/row-style product, and a family-oriented feel. Demographics skew toward young families and trades/commuter households due to Penhold’s proximity to Red Deer and Highway 2, with many residents valuing affordability, larger lots, and quieter streets compared with nearby urban markets.
Amenities are oriented around day-to-day convenience: local parks, playgrounds, sports fields/arenas and community facilities, small retail/services within town, and quick access to broader shopping, healthcare, and employment nodes in Red Deer. School options are primarily local K–9-style programming (via regional school divisions) with high-school and expanded options typically accessed in nearby larger centres; most travel is car-dependent with limited intercity transit, so rental demand is driven by local employment, Red Deer commuters, and households priced out of larger markets. Real estate trends tend to be steadier and more affordability-led than major Alberta cities, with price movements influenced by broader Central Alberta employment conditions; yields are often relatively attractive versus big-city averages, though liquidity can be lower and tenant turnover more sensitive to job cycles.
Penhold’s current for-sale inventory is limited, with 13 active listings at a median asking price of $489,900, averaging $327/sqft and 40 days on market so far—suggesting buyers may see some negotiating room on listings that linger, while well-priced homes can still move quickly. With 6 new listings in the past 30 days, selection is improving across the city’s mix of newer family-oriented subdivisions and more established pockets, where pricing and value per square foot can vary noticeably by home age, lot size, and proximity to amenities or highway access.
AI-written commentary on the active MLS® listing snapshot as of September 27, 2026. Not financial advice.
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Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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