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Medicine Hat, AB

Updated: Aug 2016
House
Median price $299,900
Monthly growth 25.01 %
Quarterly trend
Stock on market 1.43%
Apartment
Median price $215,000
Monthly growth 22.92 %
Quarterly trend
Stock on market 0.32%

Medicine Hat Home Price

Medicine Hat was Canada’s 1425th most expensive suburb by listed median house price this month.

Want a cheaply priced house? Then at $299,900 this month, Medicine Hat, Alberta is a possibility for you price wise.

Medicine Hat’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.

This month we track 5th neighbourhoods in Alberta, and Medicine Hat has the 5th most choice available for real estate investors.

When we look at the data we have, it can help with trying to establish whether or not Medicine Hat is a good investment target.

In Medicine Hat, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

Medicine Hat was Canada’s 495th most expensive suburb by listed median house price this month.

The median house price listed in Medicine Hat this month is $215,000.

Medicine Hat’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Medicine Hat has a huge choice compared to the rest of the province

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Medicine Hat will hopefully provide an indicator to help you where to research in-depth

If you are looking at investment properties in Medicine Hat, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.

Beds Median price (House) Median price (Apartment)
1 bedroom $92,400 $138,700
2 bedrooms $199,900 $222,400
3 bedrooms $289,900 $269,900
4 bedrooms $339,900 $235,000
5 bedrooms $409,900
6 bedrooms $499,500
Demographics
  • Population in 201160005
  • Population in 200656997
  • 2006 to 2011 population change (%)5.3
  • Total private dwellings27342
  • Private dwellings occupied by usual residents25445
  • Population density per square kilometre535.7
  • Land area (square km)112.01