Home Prices in Penhold
In 2025, Penhold Real Estate offers a steady market where buyers and sellers weigh value, lifestyle fit, and long-term plans across detached houses, townhouses, and condos. Pricing expectations are shaped by property condition, location, and recent comparables, while financing and appraisal considerations continue to influence negotiation strategies and timing for both sides.
As conditions evolve, watch the balance between new listings and active demand, the mix of property types entering the market, and days on market signals within each segment. These indicators help clarify whether momentum favours buyers or sellers and how presentation, pricing, and availability intersect to guide decisions on offers and timing — key points when tracking Penhold Market Trends.
Median Asking Price by Property Type
- House
- $458,716
- Townhouse
- $354,900
- Condo
- $144,500
Explore Real Estate & MLS® Listings in Penhold
There are 27 active listings, including 19 houses, 1 condo, and 3 townhouses. The current selection reaches across 5 neighbourhoods, offering a useful cross-section of locations and property styles for different budgets and needs. The medians above provide a quick reference for home prices by type to help frame expectations as you browse Penhold Real Estate Listings.
Use search filters to narrow by price range, beds and baths, lot size, parking, and outdoor space. Review photos and floor plans to understand layouts and natural light, and compare recent activity to gauge interest and potential competitiveness. Browsing MLS listings alongside neighbourhood insights makes it easier to shortlist homes that fit your criteria, then refine by features such as finished basements, updated kitchens, or proximity to daily conveniences when looking at Penhold Homes For Sale.
Neighbourhoods & amenities
Penhold offers a mix of established residential streets and newer pockets close to schools, parks, and recreation amenities. Proximity to commuter routes, shopping, and essential services can reduce travel time and add convenience, while quieter enclaves appeal to those prioritizing privacy and greenspace. Access to trails, playgrounds, and community facilities often shapes buyer interest, as do factors like garage or driveway configurations, yard usability, and noise exposure. Homes near transit or key corridors can draw attention for ease of commuting, whereas properties backing onto open space may stand out for their outlook and sense of calm — important considerations across Penhold Neighborhoods.
Rentals in the area currently total 3, including 0 houses and 0 apartments.
Listing data is refreshed regularly.
Penhold City Guide
Penhold sits in the heart of Central Alberta, just south of Red Deer, pairing prairie horizons with a friendly, small-town pace. With essential shops, schools, recreation facilities, and quick highway access, it appeals to families, first-time buyers, and commuters who want calm streets without giving up regional connectivity. If you're considering living in Penhold, this guide outlines the town's roots, local economy, neighbourhoods, mobility options, and what to expect across the seasons.
History & Background
Penhold's story is classic Central Alberta: a railway-side settlement that grew to support the surrounding farms and then evolved with regional transportation and military history. Early homesteaders benefited from fertile soil and the proximity of the Calgary-Edmonton corridor, which kept goods and people moving through the area. The community's trajectory took a notable turn during the Second World War with the establishment of an air training facility nearby, a presence that influenced the town for decades and left an imprint on the local street grid, services, and economy. Postwar, Penhold balanced its role as an agricultural service centre with new residential growth, drawing in families who appreciated a quieter lifestyle within easy reach of urban employment. Around the region you'll also find towns like Linn Valley that share historical ties and amenities. Today, Penhold maintains that dual identity: proud of its heritage, loyal to farm and ranch traditions, and adaptive to the needs of modern households who rely on both local amenities and regional links.
Economy & Employment
Penhold's economy reflects its location between larger centres and productive farmland. Many residents commute a short distance for work, tapping into employment in health care, education, retail, manufacturing, construction, trades, and professional services across the Red Deer area. At the local level, you'll find a steady base of small businesses-grocers, cafés, automotive services, personal care studios, and home-based enterprises-serving daily needs and creating entry-level opportunities. Agriculture and agri-services remain foundational, with grain, livestock, equipment sales, and repair shops connecting farm operations to markets. The corridor's logistics and light industrial activity add another layer, supported by highway access that simplifies shipping and service calls across Central Alberta. Nearby aviation activity contributes to maintenance, training, and hospitality work, while seasonal employment often rises in construction and landscaping as new homes and infill projects come online. For entrepreneurs, the town's manageable costs, supportive community groups, and growing population present a practical environment for launching service-based ventures. Overall, Penhold's job picture is diversified by design: a blend of local roles and commuting options that lets households calibrate where they work, what they do, and how much time they spend on the road.
Neighbourhoods & Lifestyle
Penhold's neighbourhoods offer a mix of classic prairie-town character and recent subdivision design. Near the historic core, streets tend to be walkable and modest in scale, lined with mature trees, single-detached homes, and handy shortcuts to schools, the post office, and local shops. Newer areas on the town's edges feature family-friendly cul-de-sacs, wider driveways, and a range of housing types-starter homes, duplexes, and mid-size properties that fit busy, active households. Many residences back onto green space or multi-use paths, making it easy to stroll with a stroller, walk the dog, or go for a quick evening jog. Parks and playgrounds are distributed throughout the community, and the local recreation complex-which typically includes ice, fitness, and gathering spaces-anchors year-round activity, from skating and shinny to fitness classes and youth programs. Community spirit shows up in seasonal events, school concerts, volunteer drives, and sports tournaments, giving newcomers an easy way to connect. Neighbourhood-hopping is easy with nearby communities like Springbrook and Rural Red Deer County. With everyday essentials close at hand and larger shopping a short drive away, day-to-day life remains relaxed, predictable, and family-forward-ideal if you value evenings at the rink, backyard barbecues, and friendly waves on your morning walk.
Getting Around
Mobility in and around Penhold is straightforward. Within town, a compact street network keeps most addresses just a few minutes from schools, parks, and shops, and shared-use paths make short trips viable on foot or bike when the weather cooperates. Drivers benefit from quick access to Highway 2A and the QEII corridor, which connect south to Innisfail and north to Red Deer and beyond; peak-hour traffic tends to be manageable compared with larger cities, and parking is rarely a hassle. Regional travel is supported by a nearby airport handling general aviation and select commercial services, useful for charters, training, and business connections across Western Canada. For broader commuting and day trips, consider close-by hubs such as Innisfail and Red Deer. While most households rely on personal vehicles, carpooling is common among trades and service workers, and cyclists can extend their range on shoulder-season days using low-traffic rural roads around town. In winter, allow extra time: snowfalls, reduced visibility, and icy segments can slow highway travel, and dressing for wind chill makes a noticeable difference if you're waiting curbside for a ride.
Climate & Seasons
Penhold experiences a true prairie-continental climate, with four distinct seasons and plenty of sky drama. Winters are cold and snowy, bringing crisp mornings, boot-stomping commutes, and beautiful hoarfrost days after a calm night. Outdoor recreation pivots to the rink, sledding hills, and community events where warm drinks are part of the ritual, while indoor spaces-libraries, arenas, and fitness rooms-stay lively from early evening until close. Spring arrives in fits and starts: thawing fields, migratory birds, and the occasional late flurry can arrive in the same week, so yard prep and bike tune-ups often share calendar space with one last day of mittens. Summer rewards the wait with long daylight, warm afternoons, and backyard sunsets that stretch late; it's prime time for barbecues, patio coffees, youth sports, and road trips to lakes and trailheads across Central Alberta. Thunderstorms roll through periodically, clearing the air and refreshing gardens. Autumn is a favourite for many locals-cool mornings, golden aspen and poplar, and ideal conditions for harvest, hikes, and weekend drives through the countryside. Across the year, layering up, keeping traction aids in the car, and using sun protection in mid-summer will serve you well. The rhythm here is familiar and comforting: a calendar shaped by community traditions, arena schedules, and the steady turn of the seasons.
Market Trends
Penhold's housing market shows steady activity, with a median detached sale price of $459K reflecting typical values for single-family homes in the area.
The median sale price is the midpoint of all sold prices during a reporting period: it represents the middle value so that an equal number of sales fall below and above that figure. In Penhold, the median helps summarize prevailing price levels across property types.
Current availability on the market includes 19 detached listings, 3 townhouses, and 1 condo.
For a clear view of local conditions, review recent market statistics and property-level details, and consult knowledgeable local agents who can interpret trends and neighbourhood differences when assessing Penhold Houses For Sale or Penhold Condos For Sale.
Browse detached homes, townhouses, or condos on Penhold's MLS® board, and consider setting up alerts to surface new listings as they become available.
Neighbourhoods
Picture a calm morning in Alberta: wide skies, a friendly wave from a neighbour, and the short stroll that sets the tone for the day. That rhythm shifts from street to street in Penhold, and knowing which pocket suits your pace makes all the difference. Explore the lay of the land with KeyHomes.ca, where map views and side-by-side comparisons make it easy to sense the character of each area before you ever set foot on a block.
On the west side of town life, Hawkridge Estates leans into a residential comfort that feels immediately welcoming. Expect a blend of detached homes and townhouses arranged along walkable streets, with green nooks and informal paths that invite evening loops. The mood is neighbourly and active, with parks and play spaces shaping daily routines. Local roads connect smoothly to the community's main corridors, keeping errands simple without giving up the quiet at home.
Not far away, Oxford Landing offers a planned sensibility and a clean streetscape that appeals to those who like order without rigidity. Detached homes set the tone, and townhouses add choice for buyers who favour convenience over yard work. Small greens and pocket parks knit the blocks together, creating natural gathering points. Commuters appreciate the straightforward links to regional routes, while walkers enjoy the easy reach of local services.
Shift gears and you'll feel a different beat in Palisades, where mature landscaping and steady residential patterns lend a settled, unhurried vibe. Housing here leans toward detached options, with the occasional condo providing a low-maintenance alternative. The streets feel established and shaded, ideal for those who prefer quiet corners and predictable routines. From Palisades, typical town connectors make quick work of daily trips to shops or recreation.
Park Place wears its name well, channeling a parkside sensibility that suits anyone who craves a little green with their morning coffee. Townhouses and condos appear alongside detached homes, broadening the mix for first-time buyers and downsizers alike. Open lawns and play spaces give the neighbourhood an outdoorsy undertone even on busy days. With calm internal streets feeding into the community's main routes, getting around remains easy without losing that tucked-away feel.
As you browse the map on KeyHomes.ca, you'll notice how these neighbourhoods form a patchwork of choices rather than a single script. Saved searches help you focus on the right housing type, while alerts keep you ahead of new options that match your wish list. It's a simple way to compare atmosphere and layout, not just bedroom counts and square footage.
Comparing Areas
- Lifestyle fit: Hawkridge Estates and Park Place feel active and community-oriented with plentiful green corners, while Palisades leans quieter and more settled; Oxford Landing blends tidy planning with everyday convenience.
- Home types: Detached homes anchor most areas, with townhouses in Hawkridge Estates and Oxford Landing for added flexibility, and condo options appearing in Park Place and parts of Palisades.
- Connections: Local streets flow into common commuter corridors, keeping drives straightforward; walking routes and informal paths give several pockets an easygoing, park-to-porch routine.
- On KeyHomes.ca: Filter by housing style, browse via map view, save your custom search, and switch on alerts to spot new listings right when they surface.
Rounding out the picture, Penhold Estates delivers a classic community feel with an emphasis on space, privacy, and everyday ease. Detached homes dominate, though you'll find townhouses sprinkled in where low-maintenance living is the priority. The streets encourage a slower roll, making it a comfortable choice for those who value calm over bustle. Simple links to local services keep the essentials close without crowding the neighbourhood vibe.
Consider how your days unfold. If the plan is morning jogs and neighborhood playtime, Hawkridge Estates and Park Place offer green touches that blend seamlessly with family routines. Prefer a composed streetscape and a methodical layout for effortless navigation? Oxford Landing provides that measured clarity. If your ideal evening is a quiet porch and familiar faces, Palisades and Penhold Estates match that tone.
Another angle: think about maintenance and flexibility. Park Place and Oxford Landing bring townhouses and condos into the conversation for those who want to simplify outside chores. Palisades and Penhold Estates appeal if a detached home with room to spread out is the dream. Hawkridge Estates sits comfortably in the middle, giving buyers a healthy mix without losing that community warmth.
Green space threads through these areas in slightly different ways. In Park Place and Hawkridge Estates, greens often serve as lively hubs where neighbours cross paths. Palisades feels more serene, with established landscaping shaping quieter corners. Oxford Landing tends to emphasize planned connectivity, and Penhold Estates leans into leisurely streets where the outdoors is a gentle backdrop rather than the main event.
When it comes to getting around, the differences are subtle but meaningful. Oxford Landing and Hawkridge Estates feel particularly straightforward for commuters thanks to clear links to broader corridors. Park Place and Palisades foster slower internal circulation that suits strolls and dog walks. Penhold Estates balances the two, keeping through-routes handy without sacrificing that restful pace at home.
Use the comparison tools on KeyHomes.ca to weigh these nuances in real time. Toggle between neighbourhoods on the map, refine by home type, and save the searches that feel promising. Alerts will nudge you when something aligned with your preferences appears, so you can act while choices are fresh.
Penhold's neighbourhoods each tell a slightly different Alberta story-some brisk and connected, others leafy and laid-back-yet all share a friendly, grounded spirit. Let KeyHomes.ca help you read that story block by block, until the chapter you want to live in is clear.
Neighbourhood names in Penhold are commonly used by locals; when in doubt, check listing maps for exact boundaries and street layouts to match the vibe you prefer.
Nearby Cities
Home buyers exploring Penhold often broaden their search by looking at neighboring communities. Consider nearby towns like Delburne, Big Valley, Elnora, Erskine and Stettler Town when weighing options.
Use the links to explore listings and local information so you can compare what each community offers while keeping Penhold as your central reference point in your Alberta Real Estate Penhold search.
Demographics
Penhold attracts a mix of households, including young families, retirees and working professionals, creating a community-oriented atmosphere. Residents often value local amenities and a quieter pace of life while maintaining connections to nearby urban centres for work and services.
Housing in the area tends to include single-family detached homes alongside townhomes, condominiums and rental options, offering choices for different life stages. Whether you're looking to Buy a House in Penhold or consider lower-maintenance options, the overall feel is small-town with suburban conveniences and easy access to rural recreational opportunities and outdoor spaces.