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Market overview
Median price by type
As of November 2026, homes for sale in Mermaid, Prince Edward Island carry a median asking price of about $245,000, across 28 active MLS listings for sale. Asking prices have eased about 35.1% in the past month, giving buyers a little more room than they had earlier in the year. Inventory is on the tighter side, so well priced homes tend to attract attention quickly.
At this level Mermaid is one of the more attainable markets in Prince Edward Island, which makes it popular with first time buyers and investors. Because prices are softening, it is worth comparing recent sales before you make an offer.
What is the average home price in Mermaid?
As of November 2026, the median asking price for a home in Mermaid, Prince Edward Island is about $245,000. By property type, houses sit around $799,000.
Is Mermaid a buyer's or seller's market right now?
Mermaid is currently a balanced market, without a strong tilt toward buyers or sellers.
How many homes are for sale in Mermaid?
There are currently 28 active MLS listings for sale in Mermaid, Prince Edward Island, updated daily on haho.ca.
What are the most popular neighbourhoods in Mermaid?
Mermaid has a range of established and up and coming neighbourhoods. Use the neighbourhood filters above to compare them by price and inventory.
How long does it take to sell a home in Mermaid?
Time to sell in Mermaid depends on price and condition. Well priced, move in ready homes tend to sell fastest.