The average residential sale price in Saint John has increased by 7.3 per cent across all property types between 2024 and 2025 from $340,097 to $366,989. The number of sales transactions increased by six per cent for the same time period (from 1,792 to 1,907). The total number of listings increased by 11.8 per cent (from 2,485 in 2024 to 2,816 in 2025). Prices in the region are expected to continue rising in 2026, but at a slower pace than in the previous year, with an estimated increase of 3.5 percent. Sales activity is likely to remain strong, provided sufficient inventory is available. Properties that are listed at appropriate market prices continue to sell, and overall market performance is anticipated to be comparable to the previous year, with a modest overall increase of around two per cent.
Trends in the Saint John Housing Market
The region is currently experiencing a seller's market, with some properties remaining on the market longer or undergoing price reductions before sale. Market conditions are expected to gradually move toward a more balanced state in 2026, though this shift may not be fully realized until later in the year.
In 2026, securing a home that meets a buyer's specific needs remains more important than focusing on particular neighbourhoods, as competition remains high. Most neighbourhoods in the towns of Rothesay and Quispamsis consistently experience strong demand. Within the city of Saint John, areas such as Millidgeville are popular due to their proximity to the hospital, university campus and Uptown. Additionally, there is a growing trend of buyers considering moving to the town of Hampton.
Single-detached homes are expected to see the strongest demand and sales activity in the region in 2026, with several trends are shaping the buying and selling landscape in the region. First-time homebuyers are generally seeking properties that require minimal renovations and are comfortable with smaller yards, with the added bonus if the property generates rental income. Their price range typically falls between $300,000 and $400,000. Move-up buyers are focused on homes priced between $450,000 and $600,000, often seeking additional living space, privacy, and garages, while move-over buyers are looking for properties of similar quality but potentially smaller, with less yard space and closer access to amenities. Retirees continue to favor condos, garden homes, and rental properties that require minimal maintenance, allowing them to travel during the winter without concern.
New-home construction remains active, with entry-level homes priced competitively against existing properties, and an increasing number of buyers opting for new construction despite slightly higher costs. Development plans are proceeding as expected, primarily consisting of detached homes or apartment buildings for rent, rather than larger condominium projects typical of bigger markets.
Rising rental prices in the region are influencing first-time buyers, who find both home prices and rent costs increasingly challenging. Many are motivated to purchase to offset the cost of renting, but the entry-level market remains competitive, with multiple offers common, making it difficult for buyers to secure a home.
In Saint John, rising rental demand is influencing investor activity. Investors are willing to purchase properties that require renovations, anticipating higher rental income once improvements are completed. However, buildings with long-term tenants, below-market rents, and significant renovation needs are often avoided due to tenant protection laws and rent caps in New Brunswick. Conversely, turnkey properties with strong financial performance continue to attract investor interest.
In 2026, the local market is expected to remain stable. While new inventory will enter the market, it is likely to sell quickly due to strong demand. Buyers who find a suitable property and able to purchase should do so, as major price swings are not expected in this smaller market, and long-term investment values are projected to remain stable.
Heading into 2026, declining interest rates are not expected to have a major impact on the smaller local market, but they will increase the purchasing power of buyers. This may result in higher bids on desirable properties and could put slight upward pressure on prices. Lower rates may also enable buyers to enter the price range they are targeting, allowing them to secure homes that may have otherwise been just out of reach.
The most important factor affecting the local housing market is low inventory, which continues to create challenges for buyers and sellers. Limited supply contributes to strong competition for available properties and supports ongoing price increases. Looking ahead to 2026, the dynamic is expected to persist.
Technology has influenced how buyers conduct their initial research in the local market, allowing them to gather information on homes, neighbourhoods, and construction materials for potential renovations. Buyers however continue to rely on trusted real estate agents when it comes time to make a purchase, highlighting the ongoing importance of professional guidance in the homebuying process.
