July 2026 Saskatchewan Farmland Market Report

Executive Summary

July 2026 delivered a steady, transaction-driven month for the Saskatchewan farmland market. Twenty-three Farm-classified properties closed across the province, moving 8,154 acres and $18.99 million in total sold value. The headline story is one of resilience and rationality: buyers remained active across every price tier, from an $50,000 single parcel to a $4.9-million eleven-quarter portfolio, and sellers who priced realistically were rewarded with quick, near-list closings.

The blended sold price across all July transactions worked out to roughly $2,328 per acre, with a median of about $2,499 per acre once outliers are set aside. Grain (arable) land continued to command the strongest per-acre pricing at approximately $2,739, while pasture, hayland, and lower-utility parcels traded at meaningful discounts. Overall, sold prices came in at about 93 percent of list, a spread that reflects a market where well-positioned assets clear efficiently but overpriced or lower-quality listings still require negotiation.

The month by the numbers

Across the 23 closed Farm sales, the average sale price was approximately $825,000 and the median was $520,000 — a gap that tells you this month's activity was concentrated in mid-sized parcels but pulled upward by a handful of large, high-value portfolios. Days on market averaged 111 but carried a median of just 55, another classic signal of a two-speed market: correctly priced land sold fast, while a cluster of aged listings that finally closed in July dragged the average higher.

The sold-to-list relationship is worth dwelling on. On a dollar-weighted basis, sold value came in at 93.3 percent of aggregate list value; on a simple per-listing average the figure was 91.7 percent. Several properties closed at or above asking, while a small number of discretionary or specialty parcels closed well below. The dispersion in per-acre outcomes was wide, ranging from about $438 per acre for remote pastureland up to roughly $7,324 per acre for a premium arable parcel near Saskatoon, underscoring that in farmland "location and soil class" remain the dominant value drivers far more than headline averages suggest.

Land-type breakdown

Grain land was the engine of the month, accounting for 12 of the 23 sales, 3,510 acres, and $9.62 million in value at roughly $2,739 per acre. This is consistent with long-running fundamentals: cultivated, crop-productive quarters attract the deepest buyer pool, including neighbouring operators expanding their land base and investors seeking cash-rentable acres.

Hay and pasture land represented five sales totalling 3,331 acres and $6.84 million, but the per-acre average of about $2,054 is skewed by the large Storthoaks portfolio; stripping that out, straight grazing and hayland traded considerably lower, with the remote two-quarter pasture in the RM of Garden River closing at just $438 per acre. Mixed-use farms (three sales, 950 acres, $1.78 million, ~$1,868/acre) and a small group of "Other" parcels — including aggregate/gravel land and river-valley acreage near Prince Albert — rounded out the month and traded on their own idiosyncratic logic rather than pure crop economics.

Regional and notable transactions

Geographically, July's activity was well distributed rather than concentrated in a single hot region, spanning the RMs of Antelope Park and Milton in the west, the Regina-area RMs of Edenwold, Lajord and Francis in the south, Key West and Storthoaks in the southeast, and Prince Albert, Paddockwood, Canwood and Spiritwood in the north.

The month's largest sale was the "11 Quarters with Oil Revenue" portfolio in the RM of Storthoaks (SK041130), 1,745 acres that closed at $4.9 million against a $5.25 million list in just 27 days. A property of that scale trading quickly, and carrying supplemental surface-lease income, is a strong data point for buyer appetite at the top of the market.

At the other end of the spectrum, the highest per-acre result came from the "8th Street Land" arable parcel in the RM of Corman Park (SK026859), which closed at $1.1 million on 150 acres — roughly $7,324 per acre — a reminder of the premium that high-quality land in the Saskatoon corridor still commands. A few transactions closed at or above list, notably the Kyle Land in Moose Creek and the Norberg Pastures in Saltcoats (the latter selling in only six days), signalling genuine competition on the right assets. Conversely, specialty parcels such as the Spiritwood aggregate land and the Russ-Stan Road acreage near Prince Albert closed meaningfully below list, which is typical for non-standard farm real estate where the buyer pool is thin.

Supply and market balance

For context on market balance, there were 317 active Farm listings province-wide at the time of this report, skewed heavily by the Monnette Farms listings coming to market. Measured against July's absorption of 23 sales, that implies very roughly a 13- to 14-month supply if July's pace held steady. Farmland is seasonal and thinly traded, so a single month should not be over-interpreted, but the ratio suggests a reasonably balanced market rather than a supply squeeze — buyers have selection, yet quality parcels are still selling quickly and close to ask.

What it means for buyers and sellers

For sellers, the July data reinforces a consistent lesson: pricing to the market matters more than ever. The properties that sold within days did so because they were priced in line with comparable per-acre values; the listings that carried 200-plus days on market before finally closing generally started high and required reductions. Realistic pricing, clean title, clear possession terms, and documentation of any supplemental income (surface leases, oil revenue, crop-insurance soil ratings) demonstrably shorten time-to-close.

July confirmed what we've been seeing all season: buyers are still disciplined, but they move fast on land that's priced to the market. The sellers who did their homework on comparable per-acre values got rewarded with quick, near-list closings, while overpriced listings sat. That gap is the clearest signal in this month's numbers.

For buyers, the wide per-acre dispersion is the opportunity. Averages are useful for tracking direction, but value is found parcel by parcel — soil class, cultivated-versus-native acre mix, proximity to your existing base, and revenue add-ons drive real returns. With inventory healthy and financing conditions front-of-mind, disciplined buyers who underwrite each quarter on its own agronomic and cash-flow merits are best positioned.

Methodology and disclaimer

This report is based on Farm-classified transactions recorded as Sold in the Saskatchewan MLS (SKMLS Matrix) with sale dates falling within, or registering during, July 2026, comprising 23 closed sales. Per-acre and ratio figures are calculated by Farmland Realty Group from list price, sale price, and total land area fields; blended per-acre is total sold value divided by total acres, and the median per-acre excludes the influence of the smallest and largest outliers. Figures are rounded. Farmland is a heterogeneous, low-volume asset class, and monthly samples can be materially affected by a few large or unusual transactions — this report should be read as a market snapshot across ALL of Saskatchewan, not investment advice. Data is deemed reliable but not guaranteed.

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