Benchmark price is a more reliable metric than average price because it reflects a typical home in the market, not a figure skewed by a few high-end or low-end sales. The benchmark is calculated from the attributes of homes that have sold, which makes it a more stable indicator of market direction.
The Saskatchewan REALTORS Association tracks the benchmark separately by housing type, but the citywide $444,700 figure is the number to anchor on for a general question like this one. For a seller, the benchmark gives you a starting point for understanding what your home might be worth, but it is not a substitute for a hand-reviewed valuation. Your home's specific features, improvements, and location within Saskatoon all affect its value above or below the benchmark.