Neighbourhood Market Intelligence
Larsen Grove
Lloydminster, Saskatchewan · September 2026
Prepared by Jordan Bird | LPT Realty · Data updated 28 August 2026 · Source Pillar 9 MLS®
Reporting period 1 September 2025 – 31 August 2026 · Dataset 9 September 2024 – 27 August 2026
Market Pulse
Strong Buyer
Buyer
Balanced
Seller
Strong Seller
Balanced
Based on 3.4 months of inventory, a 34-day median time on market and a 97.8% sale-to-list ratio — set against a 30.4% fall in sales volume, average time on market rising to 69 days, and roughly one listing in four failing to sell.
Market Pulse is an interpretation of neighbourhood MLS® activity, not an official MLS® classification.
What changed this year
+7.5%
Detached prices rose
The median detached sale moved from $265,000 to $285,000. Townhouses rose too, from $196,777 to $205,000 — up 4.2%.
−4.3%
Yet the overall median fell
Townhouses grew from 41% to 54% of all sales. Because they trade below detached homes here, the blended median fell even though both segments rose. A change in what sold, not a decline in values.
53 days
Townhouses slowed sharply
Median time on market for townhouses more than doubled, from 25 days to 53. Over the same period detached homes improved from 42 days to 29.
Jordan's read on the market
Larsen Grove is really two markets sharing one name, and the headline number hides both of them. The overall median sale price fell about four percent, which sounds like softening. It isn't. Detached homes and townhouses each sold for more than they did a year earlier. The median fell only because townhouses — the less expensive product — made up a much larger share of what traded.
Underneath that, the two segments are moving in opposite directions on speed. Detached homes are selling faster than last year and face very little competition: four active listings against eighteen sales. Townhouses now take roughly twice as long to sell as a year ago, and six of the eleven homes for sale are townhouses, most of them new construction priced well above what resale townhouses have achieved.
The other number worth sitting with is how many listings never sold at all. Across the past two years, 29 Larsen Grove listings expired or were terminated against 95 that closed — close to one in four. Those listings sat far longer and started at prices the market did not meet.
What homes sold for
More than half of all sales — 22 of 39 — happened below $250,000.
The two markets inside Larsen Grove
| Measure | Detached | Row / Townhouse |
|---|---|---|
| Homes sold, trailing 12 months | 18 | 21 |
| Share of all sales | 46% | 54% |
| Median sold price | $285,000 | $205,000 |
| Prior-year median | $265,000 | $196,777 |
| Change year over year | +7.5% | +4.2% |
| Median price per sq ft | $253.11 | $176.63 |
| Median size | 1,068 sq ft | 1,150 sq ft |
| Median days on market | 29 | 53 |
| Prior-year median days | 42 | 25 |
| Active listings today | 4 | 6 |
| Months of inventory | 2.7 | 3.4 |
Based on 18 detached and 21 townhouse sales. Other property types had too few sales to show separately.
Detached homes by size
| Above-grade size | Sold | Median price | Median $/sq ft | Median DOM |
|---|---|---|---|---|
| Under 1,100 sq ft | 10 | $251,250 | $253.44 | 41 |
| 1,100–1,299 sq ft | 4 | $285,000 | $242.75 | 20 |
| 1,300 sq ft and up | 4 | $501,250 | $342.34 | 30 |
Detached sales only, n = 18. The two larger bands rest on four sales each and are directional rather than conclusive. Bi-level and split designs report only above-grade area, which raises their apparent rate per square foot.
Where inventory sits vs. where buyers are
Eight of the eleven homes for sale are priced at $350,000 or above, a range that produced 11 of the past year's 39 sales. Below $250,000, where 22 of those sales happened, there is one active listing.
What could your home be worth?
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Everything above describes the neighbourhood. None of it describes your house. Median price per square foot ranged from $176.63 for townhouses to $253.11 for detached homes this year — which is why one neighbourhood rate cannot stand in for a property-specific analysis.
A property-specific analysis weighs whether your home is detached or attached, its size, year built, condition and renovations, lot, and the specific homes yours would compete against the day it lists.
Jordan Bird | LPT Realty · jordanbird.ca · 17 years serving clients in real estate · Licensed in Alberta & Saskatchewan
This Market Intelligence Report has been prepared by Jordan Bird | LPT Realty using available market information believed to be reliable at the time of preparation. Data is drawn from Pillar 9 MLS® records for residential listings in the Larsen Grove area of Lloydminster, Saskatchewan. Neighbourhood statistics are intended to provide general market context and should not be interpreted as a formal appraisal or property-specific valuation. Individual property values can vary based on location, condition, size, improvements, lot characteristics and current competition. Information is deemed reliable but not guaranteed. Not intended to solicit properties already listed for sale.
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