Penhold Real Estate

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Penhold

Right in the middle of the Calgary-Edmonton Corridor rests Penhold, a charming town situated just south of Red Deer, located along Highway 2. This Central Alberta community is one of Canada's fastest growing towns and it's easy to see why. Many homebuyers are moving here for the area's affordable housing market, the rural lifestyle and the year-round amenities. And with an ample selection of single-family homes, townhomes, condos and estates, Penhold leaves little to be desired.

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Penhold, AB Real Estate Statistics

Average Price	$486K
Lowest Price	$340K
Highest Price	$620K
Total Listings	14
Avg. Days On Market	28
Avg. Price/SQFT	$324

Property Types (active listings)

Penhold

• All Listings
• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000

Bedrooms

Bathrooms

Price Range

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$619,900

26 Norseman Close , Penhold

3 Beds 2 Baths 1,664 SqFt Residential MLS® # A2333313

Royal LePage Network Realty Corp.

$619,300

153 Norseman Close , Penhold

3 Beds 3 Baths 1,763 SqFt Residential MLS® # A2332683

RE/MAX real estate central alberta

New

$599,900

217 Augustus Way , Penhold

5 Beds 4 Baths 2,147 SqFt Residential MLS® # A2336746

Century 21 Maximum

$599,900

↓ $10,000

611 Robinson Avenue , Penhold

3 Beds 3 Baths 2,106 SqFt Residential MLS® # A2322730

RCR - Royal Carpet Realty Ltd.

$504,000

138 Norseman Close , Penhold

3 Beds 3 Baths 1,590 SqFt Residential MLS® # A2330386

Royal LePage Network Realty Corp.

$479,999

↑ $99

130 Norseman Close , Penhold

3 Beds 3 Baths 1,446 SqFt Residential MLS® # A2326102

The Agency North Central Alberta

$479,900

↓ $20,000

5 Heritage Drive , Penhold

3 Beds 3 Baths 1,284 SqFt Residential MLS® # A2322253

RE/MAX real estate central alberta

New Open House

$459,900

↓ $100,000

110 Newton Drive , Penhold

5 Beds 3 Baths 13,132 SqFt Residential

Open House

Sun, Aug 16th, 2026 @ 1pm - 3pm

MLS® # A2337591

Royal LePage Network Realty Corp.

$449,900

42 Hawthorne Way , Penhold

3 Beds 2 Baths 1,036 SqFt Residential MLS® # A2335565

Royal LePage Network Realty Corp.

New

$439,900

84 Heartland Crescent , Penhold

3 Beds 3 Baths 1,081 SqFt Residential MLS® # A2336734

Century 21 Maximum

$410,000

18 Hanson Green , Penhold

4 Beds 4 Baths 1,292 SqFt Residential MLS® # A2328478

LPT Realty

$410,000

↓ $10,000

142 Robinson , Penhold

4 Beds 3 Baths 1,163 SqFt Residential MLS® # A2322752

eXp Realty - Red Deer

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More About Penhold AB Real Estate Market

The Penhold real estate market comprises a lovely selection of homes and townhomes, ideal for any homebuyer no matter what stage of life they're in. Whether they're searching for their first home, a move-up home or a charming bungalow to retire in, they'll be able to find something in Penhold. And most of the homes in Penhold range in pricing between the low $200s to over $500,000, perfect for any type of budget.

The higher end homes for sale in Penhold are mostly new construction properties, built within the last 5 years. These residences feature gorgeous hardwoods or engineered hardwoods, stone fireplaces, top-of-the-line appliances, gourmet kitchens, and spa-like master suites. These homes have been carefully crafted and they're move-in ready. Similar to Sylvan Lake and Red Deer, Penhold homes for sale are the perfect residence for families to grow into.

More modest properties for sale in Penhold have also been beautifully designed and impeccably maintained. You'll find craftsman style homes, condos, split-levels, ranchers and bungalows, just waiting for your personal touches.

Penhold Community Highlights

Penhold is a booming little town with large agricultural influences. This town also has plenty to offer family members of all ages.

Additionally, from recreation and leisure activities to nearby Red Deer and big city amenities, there's always something happening in or around Blackfalds. Other community highlights include:

• Parks
• Walking and biking trails
• Golf
• Festivals
• Indoor and outdoor skating rinks

Contact us today

At Century 21 we take the real estate business seriously & aim to provide our services at the highest level of professionalism. We look forward to working with you, please don’t hesitate to reach out anytime for more information on how to get started today.

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