March 2023 Calgary Real Estate Statistics Recap

Are you ready for some interesting Calgary real estate statistics?! We've got the inside scoop on what's happening in the market in March 2023, and you won't want to miss it! Whether you're a seasoned buyer or a first-time seller, these stats are a must-read for anyone interested in the Calgary real estate scene.

So, what's the current state of the Calgary real estate market? Are home prices skyrocketing, or are they more affordable than ever? How many new listings are hitting the market, and is now a good time to buy or sell? We've got all the answers and more, so buckle up and get ready for a wild ride through the Calgary real estate market.

From stunning homes in the heart of the city to sprawling estates in the suburbs, the Calgary real estate market has something for everyone with our expert analysis and in-depth statistics, you'll be able to navigate the market with ease and confidence.

So, what are you waiting for? Dive into our blog on Calgary Real Estate Statistics for March 2023, and discover the latest trends, insights, and insider information that will give you a competitive edge in the market. 


Latest Combined Calgary Real Estate Statistics: March 2023

  • Benchmark Price $541,800
  • Inventory 3,233
  • Sales to New Listings Ratio 73%
  • Months of Inventory/Supply  1.33 Months of supply (Up 24% Y/Y)

Year to Date Calgary Real Estate Statistics: March 2023

  • Benchmark Price $531,200
  • Sales to New Listings Ratio 71%
  • Months of Inventory/Supply 1.57  Months of supply (Up 39% Y/Y) 

DOM = Number of Days on Market 

As of March 6th 2023, the average number of days on market for all property types combined was 31 days (YTD) while the month of March saw an average DOM of 27


MLS® Listings in Calgary (New) 

As of March 6th 2023, the total number of new active listings in the city of Calgary added to the market was 3,319 and in total there have been 8,439 YTD 


Homes Sold in Calgary March 2023

The total number of homes sold for the month of March in Calgary was 2,429 this represents a 37,41% decrease Y/Y. The total sales for 2023 are 6,052 which represents a 42.02 decrease Y/Y.  


Average Real Estate Prices in Calgary 

In March 2023 the average price for a detached home in the city of Calgary was $706,987

Specific community spotlight real estate statistics 

Queensland Detached Homes Statistics 

 Mar-23YTD*Y/Y% †
Sales 4 10 -16.67%
New Listings 3 9 -43.75%
Inventory 1 3 0.00%
Sales To New Listings Ratio 133.33% 111.11% 48.15%
Benchmark Price 514,300 493,633 5.05%
Median Price 551,250 480,000 1.43%
Average Price 531,875 491,800 -0.66%
Average Days on Market 27 19 35.71%

Signal Hill Detached Homes Statistics 

 Mar-23YTD*Y/Y% †
Sales 7 20 -51.22%
New Listings 13 31 -42.59%
Inventory 12 9 0.00%
Sales To New Listings Ratio 53.85% 64.52% -15.03%
Benchmark Price 774,700 757,933 1.33%
Median Price 750,000 755,000 -5.63%
Average Price 785,414 818,865 -1.17%
Average Days on Market 9 24 50.00%

Pineridge Detached Homes Statistics 

 Mar-23YTD*Y/Y% †
Sales 5 10 -52.38%
New Listings 10 20 -28.57%
Inventory 10 7 75.00%
Sales To New Listings Ratio 50.00% 50.00% -33.33%
Benchmark Price 463,800 447,033 6.52%
Median Price 520,000 490,000 11.36%
Average Price 517,000 485,100 7.11%
Average Days on Market 25 26 116.67%

Silver Springs Detached Homes Statistics

 Mar-23YTD*Y/Y% †
Sales 10 18 -30.77%
New Listings 10 16 -55.56%
Inventory 3 3 -57.14%
Sales To New Listings Ratio 100.00% 112.50% 55.77%
Benchmark Price 636,600 621,066 3.13%
Median Price 692,500 657,500 6.65%
Average Price 691,375 667,264 4.72%
Average Days on Market 22 31 82.35%

Harvest Hills Detached Homes Statistics

 Mar-23YTD*Y/Y% †
Sales 5 13 -71.74%
New Listings 10 19 -63.46%
Inventory 8 5 0.00%
Sales To New Listings Ratio 50.00% 68.42% -22.65%
Benchmark Price 547,600 542,866 9.31%
Median Price 547,000 547,000 -0.55%
Average Price 588,600 603,800 10.27%
Average Days on Market 24 29 107.14%

2023 Greater Calgary Regional Market Statistics

City Centre Calgary Statistics

 Mar-23YTD*Y/Y% †
Sales 569 1,233 -29.50%
New Listings 842 2,032 -22.62%
Inventory 1,120 982 -17.20%
Sales To New Listings Ratio 67.58% 60.68% -8.89%
Benchmark Price 582,100 570,933 0.67%
Median Price 470,000 445,000 -15.32%
Average Price 575,328 563,847 -5.80%
Average Days on Market 34 40 -6.98%

North Calgary Statistics

 Mar-23YTD*Y/Y% †
Sales 285 622 -52.19%
New Listings 394 811 -51.12%
Inventory 287 228 -28.08%
Sales To New Listings Ratio 72.34% 76.70% -2.19%
Benchmark Price 513,700 504,566 4.54%
Median Price 475,500 475,000 -5.21%
Average Price 489,696 482,913 -5.68%
Average Days on Market 20 25 38.89%

Northeast Calgary Statistics

 Mar-23YTD*Y/Y% †
Sales 283 693 -40.82%
New Listings 371 912 -53.45%
Inventory 379 354 -33.21%
Sales To New Listings Ratio 76.28% 75.99% 27.12%
Benchmark Price 441,100 431,200 5.21%
Median Price 420,000 420,000 0.00%
Average Price 432,477 424,786 -0.10%
Average Days on Market 31 39 62.50%

East Calgary Statistics

 Mar-23YTD*Y/Y% †
Sales 62 163 -42.20%
New Listings 89 207 -43.75%
Inventory 80 74 -32.11%
Sales To New Listings Ratio 69.66% 78.74% 2.75%
Benchmark Price 355,100 346,733 6.06%
Median Price 321,450 335,000 -2.69%
Average Price 317,287 324,909 -0.52%
Average Days on Market 27 30 -6.25%

Southeast Calgary Statistics

 Mar-23YTD*Y/Y% †
Sales 325 658 -51.15%
New Listings 399 865 -45.63%
Inventory 317 272 -7.17%
Sales To New Listings Ratio 81.45% 76.07% -10.15%
Benchmark Price 529,900 522,333 3.64%
Median Price 492,500 477,950 -5.36%
Average Price 503,537 492,133 -4.88%
Average Days on Market 24 29 61.11%

South Calgary Statistics

 Mar-23YTD*Y/Y% †
Sales 325 658 -51.15%
New Listings 399 865 -45.63%
Inventory 317 272 -7.17%
Sales To New Listings Ratio 81.45% 76.07% -10.15%
Benchmark Price 529,900 522,333 3.64%
Median Price 492,500 477,950 -5.36%
Average Price 503,537 492,133 -4.88%
Average Days on Market 24 29 61.11%

West Calgary Statistics

 Mar-23YTD*Y/Y% †
Sales 234 514 -48.34%
New Listings 350 740 -39.89%
Inventory 316 255 -26.93%
Sales To New Listings Ratio 66.86% 69.46% -14.07%
Benchmark Price 650,800 640,800 1.17%
Median Price 633,500 590,750 -6.97%
Average Price 686,957 649,111 -2.81%
Average Days on Market 23 28 -6.67%

Northwest Calgary Statistics

 Mar-23YTD*Y/Y% †
Sales 240 537 -47.81%
New Listings 355 769 -40.85%
Inventory 316 261 -20.43%
Sales To New Listings Ratio 67.61% 69.83% -11.78%
Benchmark Price 585,700 565,233 2.39%
Median Price 590,000 575,000 -1.20%
Average Price 591,353 581,219 0.03%
Average Days on Market 22 30 25.00%

Airdrie Real Estate Statistics

 Mar-23YTD*Y/Y% †
Sales 154 338 -57.43%
New Listings 204 493 -51.86%
Inventory 207 174 -1.14%
Sales To New Listings Ratio 75.49% 68.56% -11.58%
Benchmark Price 497,400 488,266 1.76%
Median Price 466,700 454,750 -9.30%
Average Price 487,892 464,527 -6.60%
Average Days on Market 28 29 93.33%

Calgary Detached Homes Statistics

 Mar-23YTD*Y/Y% †
Sales 1,143 2,498 -52.95%
New Listings 1,612 3,627 -50.42%
Inventory 1,548 1,327 -16.96%
Sales To New Listings Ratio 70.91% 68.87% -5.10%
Benchmark Price 649,800 636,166 3.61%
Median Price 635,000 617,750 1.60%
Average Price 706,987 690,138 3.98%
Average Days on Market 25 30 66.67%

Calgary Semi-Detached Homes Statistics

 Mar-23YTD*Y/Y% †
Sales 217 468 -44.22%
New Listings 280 623 -44.57%
Inventory 286 255 -18.53%
Sales To New Listings Ratio 77.50% 75.12% 0.64%
Benchmark Price 581,300 569,533 3.34%
Median Price 550,000 538,250 5.23%
Average Price 614,126 598,116 4.79%
Average Days on Market 28 35 40.00%

Calgary Row Home Statistics

 Mar-23YTD*Y/Y% †
Sales 388 911 -41.23%
New Listings 508 1,147 -40.85%
Inventory 404 349 -34.15%
Sales To New Listings Ratio 76.38% 79.42% -0.65%
Benchmark Price 378,100 369,733 9.58%
Median Price 380,000 375,000 7.76%
Average Price 392,303 386,712 8.25%
Average Days on Market 21 29 -3.33%

Calgary Condominium Statistics 

 Mar-23YTD*Y/Y% †
Sales 681 1,489 -11.89%
New Listings 918 2,160 -3.49%
Inventory 1,000 883 -19.65%
Sales To New Listings Ratio 74.18% 68.94% -8.70%
Benchmark Price 293,500 285,700 10.54%
Median Price 268,500 265,000 5.89%
Average Price 305,450 292,835 4.41%
Average Days on Market 31 35 -31.37%
*Year-To-Date as of April 11, 2023
†Year-To-Date, year over year percent change.

‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View

Our Featured Listings

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$1,675,000

↓ $50,000

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252137 Township Road 290, Rural Rocky View County

$950,000

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5 Beds 3 Baths 2,052 SqFt Residential MLS® # A2074595

REAL BROKER

621 36 Street Sw, Calgary

$929,000

↑ $29,000

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4 Beds 4 Baths 1,800 SqFt Residential MLS® # A2084380

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22 North Bridges Road Sw, Langdon

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15718 Mckenzie Lake Way Se, Calgary

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214, 20 Silverado Crest Park Sw, Calgary

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241 Alpine Rush View, Rural Rocky View County

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