Sylvan Lake, Alberta, Canada
As of August 12, 2026, the median asking price in Sylvan Lake is $449,000, across 205 active MLS® listings.
Those listings have been on the market an average of 84 days.
48 new listings came to market in Sylvan Lake in the last 30 days.
Asking prices work out to about $374 per square foot, based on the 164 listings that report floor area.
Detached homes in Sylvan Lake are listed at an average of $644,214 across 95 active listings.
Vacant land in Sylvan Lake are listed at an average of $913,083 across 31 active listings.
Townhouses in Sylvan Lake are listed at an average of $364,558 across 27 active listings.
Condos in Sylvan Lake are listed at an average of $310,028 across 17 active listings.
Cabin Roots, Beach-Town Energy
In the original lakefront core of Sylvan Lake, the town feels most like a resort that decided to grow up—boardwalk strolls, ice-cream lineups, and the steady pull of the water in every season. Summer brings a carnival hum of visitors, boats, and patios, while winter quiets the streets into something local and familiar: skaters looping the lake, bundled walkers on the shoreline paths, and neighbours who recognize each other on errands.
Housing here reads like a timeline. Older cottages and cabin-style bungalows sit beside modern infill homes that maximize light and lake breezes, with pockets of townhomes and small multifamily rentals supporting a mix of owners, renters, and weekenders. Lots can be smaller and streets can feel tight in places—part of the charm and the tradeoff—while proximity to the waterfront and downtown-style amenities keeps daily life remarkably walkable (Walk Score around 71).
The market tends to be shaped by two forces: local households tied to the broader Red Deer-region employment base and lifestyle buyers chasing a low-maintenance, “always-on-vacation” address. Expect higher premiums for lake-adjacent streets, renovated cottages, and newer infill with parking; more attainable options show up in older homes needing updates or in compact townhome-style formats. Inventory often tightens ahead of the warm months, when tourism and second-home shopping put the lakefront core in the spotlight.
Sylvan Lake currently has 210 active listings with a median asking price of $458,700 and an average of $388/sqft, giving buyers a relatively broad selection across price points. With homes averaging 86 days on market and 59 new listings added in the past 30 days, conditions suggest a steady, competitive-but-not-frenzied pace that can favor patient buyers and value-focused investors looking for negotiating room.
Walk Score 71 · Bike Score 52
The median asking price in Sylvan Lake is $449,000, across 205 active MLS® listings as of August 12, 2026. The average asking price is $699,719. These are list prices on homes currently for sale, not sale prices.
There are 205 active MLS® listings in Sylvan Lake as of August 12, 2026. 48 of them came to market in the last 30 days.
Homes currently listed in Sylvan Lake have been on the market an average of 84 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 205 homes currently listed in Sylvan Lake, 46% detached houses, 15% vacant land, 13% townhouses, 8% condos.
Sylvan Lake has a Walk Score of 71 out of 100, which Walk Score classifies as Very Walkable — most errands can be accomplished on foot. Bike Score is 52.