Banff
Banff Housing Market Report
Strong Buyer's Market
All types - for the month of August
Buyer's market Seller's market
11
MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.
14
DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.
Total Active Listings*
11 active
New
11(+266.67% YoY)
Relisted
-(- YoY)
Compared to number of active, same period, in 2024: 17, in 2023: 25, in 2022: 7
Total Sold Listings*
1 sold
Median Sold Price
$588,000
Avg Days on Market
14 days
Median Bidding
-
Compared to number of sold, same period, in 2024: 2, in 2023: 1, in 2022: 2
*Data is for the month of August
Median Sold Price vs Average Days and Average Total Days on Market - Banff - All types
Sold vs Active vs New vs Relisted - Banff - All types
Sold Price Distribution - Banff - All types
Sold price distribution per the last 3 months's sold listings.
Property Type Distribution - Banff - All types
Property type distribution based on data from the last 3 months.
Median Price - Banff - All types
Just listed - Banff
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Just sold - Banff
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Population and Demographics
Overview
Total population 6929
Average household income $112,947
Age (%)
0 to 19
14%
20 to 34
33%
35 to 49
23%
50 to 64
18%
65 and plus
12%
Household composition (%)
Single family
54%
Single person
32%
Multi person
13%
Multi family
1%
Mother tongue (%)
English
75%
French
9%
Tagalog (Pilipino, Filipino)
6%
Japanese
5%
Others
3%
Spanish
1%
House tenancy (%)
Renters
59%
Owners
41%