Neighbourhood Market Intelligence
Marwayne
Village of Marwayne, Alberta · November 2026
Prepared by Jordan Bird | LPT Realty · Data updated 1 November 2026 · Source Pillar 9 MLS® (Matrix)
Reporting period 1 November 2024 – 1 November 2026 · Dataset 24-month dataset, 24 sales · 38 listings in total
Market Pulse
Strong Buyer
Buyer
Balanced
Seller
Strong Seller
Balanced
Based on 3 active listings against 11 sales in the past 12 months (3.3 months of supply), 10 of 34 listings failing to sell (29%), a median sale at 94.1% of asking and a median of 52 days on market.
Market Pulse is an interpretation of neighbourhood MLS® activity, not an official MLS® classification.
What changed this year
13 → 11
Sales volume
11 homes sold in the past twelve months against 13 in the twelve before. Median time to sell went from 32 days to 54.
+5.4%
Median sale price
$205,000 to $216,000. Median above-grade size of homes sold moved from 1,331 to 1,079 sq ft, and price per square foot from $164.73 to $183.21 — check the size shift before reading the headline as appreciation.
9 → 1
Listings that failed to sell
Expired, withdrawn or terminated listings went from 9 in the prior twelve months to 1 in the past twelve.
Jordan's read on the market
Marwayne is small but it moves. Twenty-four sales in two years against 10 failed listings, a median of 52 days to sell, and only three homes listed today — about 3.3 months of supply. Homes closed at a median of 94.1% of asking.
The 12-month median of $216,000 is up modestly from $205,000, on smaller homes (1,079 sq ft versus 1,331), so price per square foot rose from about $165 to $183. Three acreage sales at a median of $385,000 sit at the top; mobile and modular homes ($146,000 median) and pre-1960 houses ($105,000 median across five sales) at the bottom.
Just one listing failed in the past twelve months, down from nine the year before. For a village this size that is a meaningful shift — whatever came to market this year was priced to sell.
What homes sold for
Two years in review
| Measure | Past 12 months | Prior 12 months | Change |
|---|---|---|---|
| Homes sold | 11 | 13 | −15.4% |
| Median sold price | $216,000 | $205,000 | +5.4% |
| Median price per sq ft | $183.21 | $164.73 | +11.2% |
| Median days on market | 54 | 32 | +22 days |
| Average days on market | 78 | 50 | +57.7% |
| Listings that failed to sell | 1 | 9 | -8 |
| Median home size sold | 1,079 sq ft | 1,331 sq ft | −18.9% |
Sales by home type
| Type | Sold (24 mo) | Median price | Median $/sq ft | Median days |
|---|---|---|---|---|
| Bungalow | 8 | $216,500 | $225.79 | 33 |
| 1.5 / 2 storey | 4 | $150,000 | $158.48 | 64 |
| Acreage | 3 | $385,000 | $256.55 | 94 |
| Attached / duplex | 3 | $210,000 | $119.45 | 55 |
| Mobile / modular | 3 | $146,000 | $96.56 | 125 |
| All other types | 3 | — | — | — |
All 24 sales over 24 months. Types with fewer than three sales are grouped. Acreage sales include land value and are not comparable per square foot.
Sales by year built
| Built | Sold (24 mo) | Median price | Median $/sq ft | Median days |
|---|---|---|---|---|
| Pre-1960 | 5 | $105,000 | $133.76 | 64 |
| 1960–1979 | 3 | $167,500 | $205.77 | 83 |
| 1980–1999 | 7 | $205,000 | $146.35 | 14 |
| 2000–2009 | 3 | $198,000 | $164.73 | 55 |
| 2010 or newer | 4 | $322,500 | $245.13 | 40 |
Homes with a recorded year built; bands with fewer than three sales omitted.
Where the supply is — and isn't
| Price band | Sold in 24 months | For sale today | Months of supply |
|---|---|---|---|
| Under $150k | 6 | 1 | 4.0 |
| $150–249k | 11 | 1 | 2.2 |
| $250–349k | 3 | 1 | 8.0 |
| $350k+ | 4 | 0 | none listed |
Months of supply here uses the 24-month sales pace within each band to smooth out small counts.
How long homes took to sell
Median 52 days, average 63. 36% of sales needed two months or more.
What the failed listings say
Over the past two years, 10 Marwayne listings came off the market unsold — expired, withdrawn or terminated — against 24 that sold. That is a 29% failure rate. Those listings asked a median of $252,450 and sat a median of 135 days before giving up; the median home that sold closed at $207,500.
The sale-to-list ratio is measured against the final asking price, after any reductions, so it flatters listings that started high and came down. In a market this size, the first price is the one that decides whether a home sells at all.
Where inventory sits vs. where buyers are
What could your home be worth?
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Town-level statistics establish context; they cannot value a specific property. In smaller communities a single sale can move the median, and two homes on the same street routinely sell tens of thousands apart.
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Jordan Bird | LPT Realty · jordanbird.ca · 17 years serving clients in real estate · Licensed in Alberta & Saskatchewan
Prepared by Jordan Bird | LPT Realty using Pillar 9 MLS® data believed to be reliable at the time of preparation. Community statistics provide general market context and are not a formal appraisal or property-specific valuation. Small-sample figures are shown for completeness and should be read as directional. Individual values vary with location, condition, size, improvements and timing. Not intended to solicit properties currently listed for sale.
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