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Red Deer, AB

Updated: Aug 2016
House
Median price $349,900
Monthly growth 29.64 %
Quarterly trend
Stock on market 1.40%
Apartment
Median price $233,900
Monthly growth 7.09 %
Quarterly trend
Stock on market 0.43%

Red Deer Home Price

The median asking price in Red Deer is $349,900, an improvement on the median three months ago which was $359,900 .

While the median for Alberta is $375,000 , which means that Red Deer’s median price is $349,900 considerably better than the rest of the province.

If you’re looking at investment properties in Red Deer, then you’re most likely to find homes with 4 bedrooms on sale this month.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Red Deer 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 Red Deer will hopefully provide an indicator to help you where to research in-depth

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Red Deer have dried up which would tend to indicate that demand is higher than the supply of new properties.

Want a cheaply priced house? Then at $233,900 this month, Red Deer, Alberta is a possibility for you price wise.

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

Across Alberta Red Deer has the 3rd most properties on offer with 99.

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

In Red Deer, 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.

Beds Median price (House) Median price (Apartment)
1 bedroom $229,400 $153,450
2 bedrooms $249,900 $222,450
3 bedrooms $314,700 $297,450
4 bedrooms $379,900 $289,900
5 bedrooms $397,350 $272,250
6 bedrooms $563,500
Demographics
  • Population in 201190564
  • Population in 200683154
  • 2006 to 2011 population change (%)8.9
  • Total private dwellings38789
  • Private dwellings occupied by usual residents36346
  • Population density per square kilometre868.4
  • Land area (square km)104.29