What makes this neighbourhood worth paying attention to from a market standpoint is its range. You’ve got condos starting around $150,000 alongside detached homes that push past $900,000. That kind of spread is unusual for a single neighbourhood, and it means University Park attracts everyone from first-time buyers to families who’ve been in the housing market for 20 years. Add in walking distance to the University of Regina and the edge of Wascana Centre’s 2,300 acres of parkland, and you’ve got a location that consistently holds appeal across different stages of life.
What Homes Cost Right Now
The price range in University Park is genuinely wide, so let’s break it down by what you’re actually looking at.
Condos and smaller units start around $150,000 to $220,000. There’s currently a condo listed at $149,900 and another at $219,000, which tells you this is one of the most accessible entry points in all of East Regina. For context, Regina’s citywide average sale price is sitting at about $346,000, so these condos come in at less than half the city average. That’s significant.
Single-family detached homes are a different conversation. The benchmark price for a detached home in University Park runs in the mid-$300,000s to mid-$400,000s for typical bungalows and split-levels. Homes with updates, larger lots, or premium positions can push well past that. Right now, active listings for detached homes range from $615,000 up to $997,900, which reflects the upper end of what’s currently on the market. The residential benchmark for the broader area sat at $361,000 as of late 2024, with a 3.5% year-over-year increase.
About 80% of people in University Park own their homes, and 20% rent. That high ownership rate contributes to the stability you feel in the neighbourhood. People take care of what they own.
How Prices Have Changed
Regina’s average residential sale price climbed 6% between 2024 and 2025, going from $326,000 to $346,000 across all property types. Looking ahead, RE/MAX is forecasting about 2% growth into 2026, while Royal LePage is projecting a 4% aggregate increase, which would bring the citywide aggregate toward $410,000 by Q4 2026. The median single-family detached price across Regina is expected to rise about 4.5% to $456,000, and condos are forecast to increase roughly 2.5% to around $230,000.
University Park benefits from a dynamic that’s hard to manufacture: it’s already built out with no new lots being developed. When there’s no fresh construction adding supply, existing homes hold their value more consistently. This isn’t a neighbourhood with phases still being released. What’s here is what’s here, and that scarcity of new inventory pushes gradual appreciation.
Inventory across Regina dropped about 2% year over year while demand stayed strong, especially from first-time buyers in the $300,000 to $400,000 range. That’s exactly the bracket where most of University Park’s single-family homes sit. The academic community around the University of Regina also provides a steady pool of buyers and renters who value the neighbourhood’s proximity, keeping turnover low and demand consistent.
How Fast Homes Sell Here
University Park is what you’d call a “high retention” neighbourhood. People move in and stay. That’s good for community stability, but it means inventory is almost always low. When homes do list, they tend to move relatively fast because there’s usually built-up demand from people who’ve been watching and waiting.
Regina citywide is averaging about 29 to 32 days on market right now. In established East Regina neighbourhoods like this, well-priced homes often sell at or slightly faster than that citywide pace. The limited number of listings at any given time, there are currently only about 4 to 6 active in the broader University Park area, means buyers don’t have much to compare against, which tends to keep things moving.
If you’re a seller here, low inventory is your friend. If you’re a buyer, you need to be ready to act when the right property shows up.
What You Get at Different Price Points
This is where University Park’s range really shows.
Under $225,000: You’re looking at condos and apartment-style units. These are straightforward, functional spaces that work well for students, young professionals, first-time buyers, or investors looking for rental income near the university. You won’t get a big yard or a garage, but you’ll get a solid roof in a mature neighbourhood at a price point that’s hard to find elsewhere in East Regina. Current listings include units at $149,900 and $219,000. At these prices, you’re paying less per month on a mortgage than many people pay in rent.
$350,000 to $550,000: This is the core of the single-family market here. You’re getting 3- to 4-bedroom bungalows, split-levels, and bi-levels on generous lots with mature landscaping. Many of these homes are the original 1980s builds with some updates over the years. Expect attached garages, decent-sized backyards, and the kind of internal pathway access that means your kids can walk to Wilfred Hunt School or St. Dominic Savio without crossing a major road. Some homes in this range will need kitchen or bathroom refreshes, but the bones are solid. This bracket is where university staff, young families, and downsizers from larger homes all overlap.
$600,000 and above: You’re into the premium detached homes. Current listings include properties at $615,000, $649,900, $824,900, and $997,900. At this level, you’re seeing 2,200 to 3,300+ square feet, 5 or 6 bedrooms, multiple bathrooms, finished basements, and significant renovations. The $997,900 home on Westminster Road includes an indoor pool, for example. These properties sit on larger lots, often backing onto park space, and they’ve had serious investment put into upgrades. This price point appeals to established families who want the University Park location and are willing to pay for a home that doesn’t need work.
Is It a Buyer’s or Seller’s Market?
Regina is sitting in seller’s market territory right now. Months of supply citywide are at about 2.88, and anything under 4 months generally favours sellers. Strong demand from first-time buyers, move-up purchasers, and investors, combined with limited housing inventory, is keeping conditions competitive across the city.
In University Park specifically, the seller’s advantage is amplified by chronic low inventory. Only a handful of homes are listed at any given time, and the neighbourhood’s built-out status means no new supply is coming. If you’re selling a well-maintained home here, especially in the $350,000 to $550,000 range where buyer demand is strongest, you’re in a solid position.
For buyers, the honest reality is that patience matters. You might not see the exact home you want right away. But when you do find it, lower interest rates heading into 2026 should make financing more accessible than it’s been in the past couple of years.
What to Know Before You Buy or Sell Here
If you’re buying, get familiar with the difference between the original University Park section (west of University Park Drive) and University Park East. The homes, schools, and pricing can differ between the two. A good home inspection is essential on 1980s builds. Look at the furnace, the roof, and the windows. Many homes have had these replaced, but some haven’t.
If you’re selling, understand that your buyer pool includes university staff, families who want the school catchment, and people drawn to Wascana Centre’s pathway access. Price your home honestly against recent comparable sales, not against your emotional attachment to it. In a low-inventory neighbourhood, overpricing still costs you time and interest.
Finding Your Place in University Park
University Park works because it was built with intention and it’s been maintained by people who care about where they live. It’s not the flashiest neighbourhood in Regina, and it doesn’t need to be. If you’re looking for mature trees, quiet streets, walkable schools, and proximity to both the university and Wascana Centre, this neighbourhood delivers all of that at a price range that fits a lot of different budgets.
Browse the latest University Park listings to see what’s available right now, or explore the full East Regina area to compare neighbourhoods. If you’re curious how University Park stacks up against Wascana View to the south or Wood Meadows nearby, I’m happy to walk you through the differences. Reach out anytime and we’ll talk through what makes sense for your situation.
