Neighbourhood Market Intelligence
Provost
Town of Provost, 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, 42 sales · 77 listings in total
Market Pulse
Strong Buyer
Buyer
Balanced
Seller
Strong Seller
Buyer Advantage
Based on 9 active listings against 19 sales in the past 12 months (5.7 months of supply), 25 of 67 listings failing to sell (37%), a median sale at 91.2% of asking and a median of 88 days on market.
Market Pulse is an interpretation of neighbourhood MLS® activity, not an official MLS® classification.
What changed this year
23 → 19
Sales volume
19 homes sold in the past twelve months against 23 in the twelve before. Median time to sell went from 90 days to 56.
−36.9%
Median sale price
$206,000 to $130,000. Median above-grade size of homes sold moved from 1,224 to 1,306 sq ft, and price per square foot from $151.84 to $99.54 — check the size shift before reading the headline as appreciation.
11 → 14
Listings that failed to sell
Expired, withdrawn or terminated listings went from 11 in the prior twelve months to 14 in the past twelve.
Jordan's read on the market
Provost is a buyer's market and the numbers are consistent about it. Homes sold at a median of 91.2% of asking — the widest discount of any town in this set — after a median of 88 days. Twenty-five listings failed against 42 that sold, and the 9 homes listed today represent roughly 5.7 months of supply.
The headline price drop — a 12-month median of $130,000 against $206,000 the year before — is mostly mix. Eleven of the 42 sales were pre-1960 homes at a median of $75,000, and a run of older 1.5-storey houses sold this year for under $100,000. The 13 homes built in the 1980s and 90s sold at a median of $265,000, and the five from the 2000s at $382,500, so a well-kept newer home still has a market.
Sellers should price for the first 60 days. Only 7 of 42 sales happened inside a month, while 25 took 60 days or longer, and the listings that expired had asked a median of $157,000 — barely above what sold.
What homes sold for
Two years in review
| Measure | Past 12 months | Prior 12 months | Change |
|---|---|---|---|
| Homes sold | 19 | 23 | −17.4% |
| Median sold price | $130,000 | $206,000 | −36.9% |
| Median price per sq ft | $99.54 | $151.84 | −34.4% |
| Median days on market | 56 | 90 | -34 days |
| Average days on market | 119 | 116 | +3.4% |
| Listings that failed to sell | 14 | 11 | +3 |
| Median home size sold | 1,306 sq ft | 1,224 sq ft | +6.7% |
Sales by home type
| Type | Sold (24 mo) | Median price | Median $/sq ft | Median days |
|---|---|---|---|---|
| Bungalow | 22 | $172,500 | $148.46 | 100 |
| 1.5 / 2 storey | 11 | $120,000 | $92.95 | 54 |
| Mobile / modular | 4 | $117,500 | $96.63 | 41 |
| All other types | 5 | — | — | — |
All 42 sales over 24 months. Types with fewer than three sales are grouped.
Sales by year built
| Built | Sold (24 mo) | Median price | Median $/sq ft | Median days |
|---|---|---|---|---|
| Pre-1960 | 11 | $75,000 | $73.53 | 65 |
| 1960–1979 | 10 | $128,500 | $141.44 | 104 |
| 1980–1999 | 13 | $265,000 | $172.16 | 103 |
| 2000–2009 | 5 | $382,500 | $286.30 | 86 |
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 | 21 | 5 | 5.7 |
| $150–249k | 7 | 0 | none listed |
| $250–349k | 8 | 4 | 12.0 |
| $350k+ | 6 | 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 88 days, average 117. 60% of sales needed two months or more.
What the failed listings say
Over the past two years, 25 Provost listings came off the market unsold — expired, withdrawn or terminated — against 42 that sold. That is a 37% failure rate. Those listings asked a median of $157,000 and sat a median of 181 days before giving up; the median home that sold closed at $145,000.
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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