St. John’s Metro Real Estate Market Report
Six-Month Report: May 1–October 30, 2026
Last updated October 31, 2026
St. John’s Metro Market at a Glance
Average sold price: $458,783 (+6.8% vs 2025) • Median active asking price: $482,450 • 62.8% of sales closed above the original list price (+2.5 pts vs 2025) • 74.0% closed at or above it (+2.1 pts) • Active listings and months of inventory have no year-ago snapshot, so they are not compared with 2025.
Prices are up from last year and competition is still strong, but not every segment behaved the same way. Mount Pearl (111.4% average sale-to-list), two-apartment homes (111.0%) and the $400,000–$499,999 range (109.4%) were the most competitive. Homes at $750,000 and above (about 4.3 months of inventory) and Torbay (about 3.4 months) gave buyers more room.
How the Market Changed Month by Month
Monthly medians can move as the mix of homes sold changes. These figures show the direction of sales activity and competition, but a change in the median does not automatically mean every home gained or lost value.
Monthly median sold price
May — $451,300
June — $446,800
July — $421,500
Aug. — $420,000
Sept. — $441,250
Oct. 1–30 — $435,000
Sales and sale-to-list ratio
May — 238 sales / 107.3%
June — 307 sales / 108.1%
July — 342 sales / 108.2%
Aug. — 332 sales / 106.9%
Sept. — 344 sales / 106.7%
Oct. 1–30 — 309 sales / 105.0%
September was the busiest month, with 344 sales, just ahead of July’s 342. The monthly median peaked in May at $451,300 and was above the year-ago median in every month, from +2.7% in August to +14.9% in May. The average sale-to-list ratio peaked at 108.2% in July and eased to 105.0% in October (October 1–30 only). Monthly medians move with the mix of homes sold, so I read them as direction rather than a precise change in value.
How Local Markets Compare
The St. John’s metro is really a group of distinct local markets, and housing style, price point, lot size and inventory all differ from one community to the next. Figures in brackets compare with May 1–October 30, 2025. “Other metro” combines Pouch Cove (28 sales), Logy Bay–Middle Cove–Outer Cove (13), Flatrock (12), Bay Bulls (12), Petty Harbour–Maddox Cove (7), Witless Bay (6) and Bauline (1); each is too small to report on its own.
MOUNT PEARL
Mount Pearl was again the most competitive major municipality. Homes sold for an average of 111.4% of original list, 73.6% sold above list, and inventory sat at about 0.9 months. The median held steady at $400,000, unchanged from 2025.
View area guide
ST. JOHN’S
St. John’s accounted for 948 of the metro’s 1,872 sales. The median rose 5.2% to $407,000, with a 23-day median market time and a 108.0% average sale-to-list ratio. Sales were down 9.2% from 1,044 a year earlier.
View area guide
PARADISE
Paradise had the highest median among the four largest municipalities at $491,900, up 11.4% from 2025. Sales rose 17.8% to 298, homes sold in a median of 22.5 days, and inventory was about 2.2 months.
CONCEPTION BAY SOUTH
Conception Bay South recorded a $426,000 median (+6.5%) and a 105.4% average sale-to-list ratio. Sales rose 9.6% to 240, with about 1.6 months of inventory.
TORBAY AND PORTUGAL COVE–ST. PHILIP’S
These smaller markets gave buyers more room. Torbay’s median was $478,000 (+3.9%) with about 3.4 months of inventory, the most of any area in the table. Portugal Cove–St. Philip’s had the highest median at $540,000 (−1.8%) and a 30-day median market time. With smaller samples, these figures can move more from one report to the next.
Different Types of Homes, Different Market Conditions
Property type still made a big difference to price and competition. Two-apartment homes were the most competitive, averaging 111.0% of original list price, ahead of single-family homes (106.0%) and condos (102.7%). Figures in brackets compare with May 1–October 30, 2025.
TWO-APARTMENT HOMES
Two-apartment homes were the most competitive property type. The median rose 7.2% to $482,500, the average sale-to-list ratio was 111.0%, and 76.4% sold above their original list price.
SINGLE-FAMILY HOMES
Single-family homes made up 1,304 of the metro’s 1,872 sales. Their median rose 6.2% to $425,000, with a 23-day median market time and a 106.0% average sale-to-list ratio.
CONDOMINIUMS
Condos remained the most affordable entry point, with a $300,000 median (+5.3%). They took a little longer to sell, at a median of 29 days, and averaged 102.7% of original list price.
SMALL-SAMPLE PROPERTY TYPES
Multi-family, mobile/mini and other homes are combined into one “Other” line because each had too few sales to report on its own: 19 sales in total (9 mobile/mini, 5 multi-family and 5 other). Treat these figures with caution.
Where Competition Was Strongest
The $400,000 to $499,999 range again combined the most sales, short market times and above-list competition. Figures in brackets compare with May 1–October 30, 2025.
Sales by price range
Under $300,000 — 275 sales
$300,000–$399,999 — 439 sales
$400,000–$499,999 — 542 sales
$500,000–$749,999 — 518 sales
$750,000+ — 98 sales
The $400,000 to $499,999 range was the most competitive: 542 sales, a 22-day median market time and a 109.4% average sale-to-list ratio, with 73.8% selling above list. At $750,000 and above, sales rose 44.1% to 98, but homes took a median of 42.5 days and inventory was about 4.3 months. That gives buyers more choice at the top end and makes accurate pricing more important for sellers.
Sales are grouped by sold price and active listings by current asking price. Each range’s results also reflect the mix of locations, property types and condition within it.
What Buyers Should Take From This Report
BE READY BEFORE VIEWING
In competitive segments, good homes can move quickly. Have financing preparation and a clear decision process in place before the right property appears.
COMPARE THE CORRECT SEGMENT
A metro-wide median is not a substitute for comparing similar homes in the same area, price range and property category.
EXPECT DIFFERENT COMPETITION
Two-apartment homes, Mount Pearl properties and homes from $400,000 to $499,999 saw some of the strongest competition in this report. Homes over $750,000 and properties in Torbay gave buyers more room to negotiate.
DO NOT ASSUME EVERY HOME WILL SELL OVER ASKING
62.8% of sales closed above the original list price, which means more than a third did not. Condition, location, pricing and buyer demand still matter.
What Sellers Should Take From This Report
PRICING STILL MATTERS
Strong averages do not guarantee the same result for an overpriced or poorly positioned property.
USE RELEVANT COMPARABLE SALES
Your most useful comparisons are similar properties in the same local market, not every sale across the metro.
PREPARATION CAN AFFECT COMPETITION
Condition, presentation, photography and launch strategy can influence how buyers respond when a home first reaches the market.
MARKET CONDITIONS VARY
A two-apartment home in Mount Pearl and a higher-priced rural property may require very different pricing and marketing strategies.
St. John’s Metro Market Questions
Want to Know What This Market Means for You?
Market averages are useful for context, but your next decision depends on your property, price range, location and plans. Tell me what you are considering, and I will help you narrow the data down to what is actually relevant.
About the Data
This report uses NLAR MLS® Matrix residential exports (Sale Finder and Sold Analyzer), filtered to the Statistics Canada St. John’s CMA municipalities. It includes 1,872 sales that closed May 1–October 30, 2026 (October is a partial month), compared with 1,917 sales over May 1–October 30, 2025, plus 520 active listings as of October 31, 2026. Median prices and days on market use completed sales. Sale-to-list compares the sold price with the original list price; four clearly malformed list-price entries (two in each year) were excluded from the ratio figures only and remain in sales, price and days-on-market figures. Months of inventory divides active listings by average monthly sales over the six months. Because there is no year-ago active-listing snapshot, active listings and months of inventory are not compared with 2025. Multi-family, mobile/mini and other property types are combined into one small-sample “Other” line. Sentences labelled as analysis are my professional opinion, not MLS data. These statistics describe groups of properties and are not an appraisal of any individual home.
Source: NLAR MLS® Matrix Residential exports (Sale Finder + Sold Analyzer). Metro is the StatCan St. John’s CMA municipalities. Closed sales May 1–Oct 30, 2026 (October partial), compared with May 1–Oct 30, 2025. Active listings snapshot Oct 31, 2026. Analysis prepared Oct 31, 2026.
Prepared by Jay Schwartz, REALTOR®, Royal LePage Vision Realty Inc.