What that means for the market is low turnover and consistent demand. When a home does come up for sale in Varsity Park, it gets attention. The benchmark price is sitting around $611,000, which is nearly double the citywide average of $346,000. That gap tells you something about the quality of what's here: custom-built homes on generous lots with mature landscaping, strong school catchments, and a location that balances seclusion with proximity to everything East Regina offers.
What Homes Cost Right Now
As of early 2026, the average estimated home value in Varsity Park is approximately $628,000, with prices per square foot running around $312. That puts it well above the Regina average of $346,000 and places it alongside other premium East Regina neighbourhoods like Wascana View, which tends to run slightly higher due to newer construction and valley views.
The typical price range you'll encounter here falls between about $500,000 and $750,000. Most homes are large detached properties: bungalows, two-storeys, and split-levels with 3 to 6 bedrooms. A listing that recently appeared in the neighbourhood was a 6-bedroom, 4-bathroom home at 2,260 square feet, listed at $615,000 after a $73,000 price reduction. That's fairly representative of the type of home you'll find here.
There isn't much in the way of condos or smaller units in Varsity Park. This is almost entirely a single-family detached market. If you're looking for entry-level pricing, you'll want to explore adjacent areas like University Park or Windsor Park, where condos and smaller homes start well under $300,000.
How Prices Have Changed
Varsity Park's benchmark price hit about $611,000 in fall 2025, which represented an 11% increase year over year. That's a significant jump, and it outpaced the citywide trend where the overall benchmark rose 4.4% to $335,100. Some of that jump reflects the specific homes that traded hands rather than a broad market surge, since with so few sales each year, a couple of higher-end transactions can shift the numbers.
Looking at the bigger picture, Regina's average residential sale price climbed 6% between 2024 and 2025, from $326,000 to $346,000. The forecast for 2026 calls for roughly 2% additional growth citywide, with RE/MAX projecting a steady market supported by strong first-time buyer demand and continued low inventory. Royal LePage expects a somewhat stronger 4% aggregate increase.
For Varsity Park specifically, I'd expect prices to hold steady or tick up modestly. The limited supply of homes, combined with consistent demand from families who prioritize the school catchment and the natural surroundings, creates a floor under prices that's hard to break through. Even during softer periods across Regina, Varsity Park tends to hold its value.
How Fast Homes Sell Here
Inventory in Varsity Park is chronically low. In a typical year, you might see 6 to 10 homes list and roughly the same number sell. With only about 7 listings and 6 sales recorded through fall 2025, there isn't a lot of opportunity to wait around and compare options if you're a buyer.
Regina's citywide average sits at about 29 to 32 days on market, with 2.88 months of supply. In Varsity Park, well-priced homes tend to sell at a similar pace or faster because of the pent-up demand from families who've been watching and waiting for something to come available. The neighbourhood's reputation, particularly for the school zone and the natural setting, means there's usually a short list of interested buyers before a listing even hits the MLS.
If you're a seller, this works in your favour. If you're a buyer, the honest advice is to be patient but prepared. When the right home appears, you'll want to move quickly.
What You Get at Different Price Points
Here's what you can generally expect at different price levels in Varsity Park:
$475,000 to $575,000: At this entry level for the neighbourhood, you're looking at smaller bungalows or split-levels, likely on the lower end of the square footage range for the area. These homes were custom-built in the 1980s with solid 2x6 construction and brick or cedar exteriors, but they may not have had significant interior updates. You might find original kitchens, older flooring, and bathrooms that could use attention. The lots are still generous by modern standards, and the location and school catchment are the same as every other home in the neighbourhood. For buyers who are comfortable with renovation, this is how you get into Varsity Park without paying top dollar.
$575,000 to $700,000: This is the core of the market here. You're getting 1,800 to 2,500 square feet, typically 4 or 5 bedrooms, attached double garages, and developed basements. Many homes in this bracket have had at least some updates over the years: newer kitchens, updated windows, refinished hardwood floors. The lots are often 60 feet wide with mature spruce trees and private backyards. Some properties back onto the walking paths along Wascana Creek or the green spaces that thread through the neighbourhood. This is where the majority of family buyers land.
$700,000 and above: At the top end, you're looking at the largest and most updated homes in the neighbourhood. These are often 2,500+ square feet with extensive renovations, including opened-up floor plans, modern kitchens, and finished lower levels with recreation rooms or additional bedrooms. Some of the premium lots back directly onto the Wascana Country Club fairways or the treeline of the golf course, offering some of the most private outdoor spaces in the city. At this price point, you're paying for a move-in-ready home on a premium lot in one of East Regina's most desirable locations.
Is It a Buyer's or Seller's Market?
Varsity Park is firmly in seller's territory right now, and it has been for a while. With only a handful of listings available at any given time and steady demand from families who want the school zone, the nature access, and the quiet streets, sellers have the advantage. Citywide, Regina is sitting at 2.88 months of supply, and Varsity Park's inventory is tighter than that.
If you're selling, you're in a good position, but pricing still matters. Buyers at this level are informed. They know what comparable homes in Wascana View or The Creeks are going for, and they'll push back on a price that doesn't match the condition and updates of the home. Getting it right from the start saves time and generates stronger offers.
If you're buying, don't be discouraged by the limited selection. Homes do come up, and lower interest rates heading into 2026 should help with affordability. The key is working with someone who knows when listings are about to hit the market and can help you evaluate quickly.
What to Know Before You Buy or Sell Here
If you're buying, understand that most homes in Varsity Park are 35 to 45 years old. That's not a problem, but it means you should budget for a thorough inspection. Look at the roof, furnace, hot water tank, and windows. Many homeowners have already replaced these, but some haven't. Also, the neighbourhood's limited entry points mean you're a short drive from East Regina's major shopping (Costco, Superstore, East End Power Centre), but you're not within walking distance of commercial amenities.
If you're selling, presentation matters here. Buyers at this price range expect homes to show well. Invest in staging, professional photography, and any minor updates that make the home feel current. Well-maintained landscaping goes a long way too, since the mature lots are part of what draws people here in the first place.
Finding Your Place in Varsity Park
Varsity Park works for people who value privacy, nature, and stability over novelty. What it offers is space, quality construction, one of the best school catchments in the city, and a setting along Wascana Creek that newer developments simply can't match.
Browse the latest Varsity Park listings to see what's currently available, or explore more of East Regina to compare your options. If you're curious how Varsity Park compares to Windsor Park or University Park next door, reach out anytime and we'll figure out what makes sense for you.
