Pigeon Lake, Alberta
As of September 27, 2026, the median asking price in Pigeon Lake, Wetaskiwin County is $624,950, across 60 active MLS® listings.
Those listings have been on the market an average of 75 days.
16 new listings came to market in Pigeon Lake in the last 30 days.
Asking prices work out to about $418 per square foot, based on the 60 listings that report floor area.
Detached homes in Pigeon Lake are listed at an average of $733,109 across 57 active listings.
Cabin mornings, lake sunsets, year-round
Pigeon Lake is central Alberta’s classic “weekend-to-forever” shoreline: a patchwork of cottage roads, treed lots, and long views across the water where summer routines still revolve around docks, pontoon boats, and the smell of campfires after a day outside. It’s not a place you stroll from shop to shop—Walk Score sits at 0—so life here is built around the driveway, the boat launch, and a short drive to groceries, golf, or a meal at the lake.
The neighbourhood character is low-density and distinctly lake-country. Older seasonal cabins sit beside thoughtful renovations that have quietly turned summer places into four-season homes, while lakefront lots command a premium for orientation, shoreline quality, and moorage potential. Off the water, country residential parcels and acreages offer privacy and space—room for a shop, RV parking, and the kind of quiet that feels rare within easy reach of Edmonton.
Who lives here is as varied as the housing stock: multi-generation families with long histories at the lake, retirees trading city upkeep for views and simplicity, and working professionals using the lake as a year-round retreat. The market tends to move with seasonality—showings pick up as spring turns to boating weather—while winter buyers often focus on insulation, water/septic systems, and access for year-round use. In every season, the draw is the same: a lived-in, unpretentious lake community where the calendar is marked by long weekends, ice-fishing days, and the steady pull of the shoreline.
Pigeon Lake’s active market currently has 60 for-sale listings with a median asking price of $624,950, averaging $418 per square foot and 75 days on market, pointing to a higher-priced recreational/lake-influenced mix and a pace where well-priced homes stand out. With 16 new listings added in the past 30 days, buyers and investors are seeing fresh choice across the wider Pigeon Lake area—from waterfront and near-lake premium properties to more moderately priced homes slightly farther back—while longer listing times suggest negotiating room on listings that aren’t sharply positioned.
AI-written commentary on the active MLS® listing snapshot as of September 27, 2026. Not financial advice.
Pigeon Lake covers about 3,295 km², so a single Walk Score®, Transit Score® or Bike Score® measured at one point would not describe it. How easily you can get around depends on which part of Pigeon Lake you are in — check the score for a specific address.
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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