How Lacombe Park Home Prices Changed Over the Last 5 Years
The Quick Answer
Lacombe Park's detached median moved from $488K in 2021 to about $525K today — with a dip, a 2024 jump, and a slight 2025 easing along the way. Here's the full story and what it means for buyers and sellers in 2026.
— John Carle, St. Albert REALTOR®
Key Takeaways at a Glance
- After 25-plus years watching this neighbourhood, I'd rather show you the actual arc than sell you a headline.
- Here's what the MLS numbers say about Lacombe Park's detached price journey from 2021 to 2026, and why the trajectory matters whether you're on the buy side or the sell side.
- The honest read: a dip through 2022–2023, a clear jump in 2024, a slight softening in 2025, and a thin early-2026 sample that's pointed higher.
"John Carle says:" — How Lacombe Park Home Prices Changed Over the Last 5 Years
"Here's what the MLS numbers say about Lacombe Park's detached price journey from 2021 to 2026, and why the trajectory matters whether you're on the buy side or the sell side."
— John Carle, St. Albert REALTOR® with 25+ years in the market
If you bought in Lacombe Park five years ago, you probably feel pretty good about that decision right now. If you're buying today, you might be wondering if you missed the boat. Neither feeling tells the full story — the data does. After 25-plus years watching this neighbourhood, I'd rather show you the actual arc than sell you a headline.
Here's what the MLS numbers say about Lacombe Park's detached price journey from 2021 to 2026, and why the trajectory matters whether you're on the buy side or the sell side.
The Five-Year Arc (Detached Medians)
| Year | Detached Median | Context |
|---|---|---|
| 2021 | $488,000 | Post-pandemic demand, low rates |
| 2022 | $470,000 | Rates rising, demand cooling |
| 2023 | $455,000 | Rate-shock dip, buyer pullback |
| 2024 | $528,000 | Step-up; higher-end homes clearing |
| 2025 | $515,000 | Slight easing / plateau (-2.5%) |
| 2026 (YTD) | $560,000 | n=29 — small sample, directional only |
The honest read: a dip through 2022–2023, a clear jump in 2024, a slight softening in 2025, and a thin early-2026 sample that's pointed higher. That's not a clean one-way climb, and anyone who tells you it is hasn't looked at the months in between.
2021–2022: Demand Cools Off the Peak
Low interest rates and remote work had pushed demand across St. Albert, and Lacombe Park benefited because it offered space — larger lots, mature yards, detached homes at prices that felt reasonable next to Edmonton. The detached median sat at $488K in 2021.
By 2022, with the Bank of Canada starting to raise rates, that median eased to $470K. Not a collapse — just the air coming out of the frothiest part of the cycle.
2023: The Rate-Shock Dip
As rates kept climbing, the detached median dipped to $455K — the low point of the five-year window. Buyers who had pre-approved at 2% found themselves recalculating at 5%-plus.
Lacombe Park's 2023 wasn't a crash. It was a recalibration. The fundamentals — schools, location, community — didn't change. Only the cost of borrowing did.
2024: The Step-Up
Here's the turn. The 2024 detached median jumped to $528K — a meaningful step-up from 2023. Part of that was genuine recovery in demand; part was the mix, as higher-end homes that had waited through 2023 finally cleared. Either way, 2024 reset the neighbourhood's baseline.
2025: A Slight Easing
2025's detached median came in at $515K — roughly 2.5% below 2024. I want to be straight about this: that's a slight softening, a plateau after the 2024 jump, not a decline you'd lose sleep over. Homes still sold quickly and at asking. The market simply caught its breath.
2026 YTD: Thin but Pointing Up
Early 2026 sales show a detached median around $560K — but on only 29 transactions so far. That's a small sample, and I treat it as directional, not gospel. It hints the market is firming again, and it's consistent with St. Albert trading near the top of its range, but I wouldn't price a home or plan a purchase off a partial year of data.
What This Means for Buyers
If you're buying in 2026, you're buying into a market that stepped up in 2024 and has held near that level since. That's not a bad place to buy — it means the market has confidence without being overheated. But be realistic about appreciation: the last five years included a dip and a recovery, and the net move on the detached median was modest. The next five years will likely be steady rather than explosive.
What you get instead is stability. For context, Lacombe Park's long-term detached median (2010–2026) is about $450K — well below today's pricing, which simply reflects that the whole market has moved up over 15-plus years. That's a long-term figure, not the price you'll pay today.
What This Means for Sellers
If you bought before the 2024 step-up, you're sitting on real equity. The slight 2025 easing (-2.5%) and the 14-day median DOM tell me sellers who price correctly can still expect fair value and a quick sale — homes here have been selling right at asking, a 100.0% sold-to-list ratio over the last 12 months.
The risk? Overpricing into a market that paused in 2025. Buyers are active but choosy. A home priced 10% above comparable sales will sit — even in a 14-day market.
The Long View
Lacombe Park's long-term detached median (2010–2026) is about $450K. Today's market trades above that, which is exactly what you'd expect after 15-plus years of overall appreciation — it's history, not a current price tag. For a mature neighbourhood with steady fundamentals, that's a healthy position, not a bubble. The area weathered the 2015–2019 Alberta slowdown, the pandemic, and the rate shock, and held its footing each time.
Thinking about buying or selling in Lacombe Park? Let's look at what your specific home style and price band have actually done — not the neighbourhood average, the real comparables for your situation.
Just call John — 780-937-7534.
Figures come from John Carle's local MLS records: 30,800-plus St. Albert sales, 2010 to spring 2026. Annual figures shown are detached medians; 2026 reflects a partial-year sample.
Bottom Line
Lacombe Park's detached median moved from $488K in 2021 to about $525K today — with a dip, a 2024 jump, and a slight 2025 easing along the way. Here's the full story and what it means for buyers and sellers in 2026.
For advice grounded in your specific situation, talk to John directly.
Just Call John.