Just Sold: Rainbow Falls Home Prices
Browse newly sold homes in Rainbow Falls. View today's MLS® sold listings and homes sold in the last 30 days.
Homes sold (last 365 days)
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Median sold price
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Average time to sell
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Just sold in Rainbow Falls: stay updated with the newest MLS® sales as they close. We track newly sold homes daily so you never miss what's happening in your market.
See homes sold in the last 30 days, review sold history, and understand pricing trends. From bungalows sold to townhouse sold prices — get the complete Rainbow Falls picture with up to 2 years of recent sales.
Market data for Rainbow Falls is currently being updated. Check back soon for comprehensive MLS® sold data including median prices, days on market, and sale-to-list ratios.
0 Recently Sold Homes in Rainbow Falls (Last 365 days • Updated February 24, 2026 at 3:10 PM)
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No recent sold listings found.
What's Happening in Rainbow Falls Real Estate
Understand pricing, negotiation leverage, and market velocity based on recent sales.
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Significant negotiation room
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Homes sold (last 2 years)
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Currently for sale
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New in February 2026
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Rainbow Falls vs Chestermere
Rainbow Falls median sold price
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0 sold in last 365 days
Chestermere median sold price
$590,000
42 sold in last 30 days
Neighbourhood Guide: Rainbow Falls, Chestermere
Neighbourhood Overview
Rainbow Falls is a picturesque, family-friendly neighbourhood located in the southwest corner of Chestermere. Designed around a series of man-made creeks, a large pond, and its namesake cascading waterfalls, the community offers a tranquil, nature-integrated suburban environment. With easy access to Chestermere Lake and a commute of just 30 minutes to Downtown Calgary, it is highly sought after by families and professionals seeking a relaxed lakeside lifestyle. The local market moves at a steady pace, with homes typically spending 0 days on the market.
Location
Situated in southwestern Chestermere, Rainbow Falls is bordered by the Western Irrigation District canal, West Creek, and Chesterview Estates. It is conveniently positioned near major regional routes like the Trans-Canada Highway and 17th Avenue SE, making the drive into Calgary straightforward. Residents are also just a short walk or drive from the southwestern shores of Chestermere Lake.
Housing Character
The neighbourhood predominantly features single-family detached homes, alongside a selection of townhouses and duplexes. Most properties were built during a development boom between the early 2000s and 2010. Rainbow Falls is known for its spacious lots, mature landscaping, and properties backing onto ponds, canals, or greenbelts. It operates as a mid-range market, where the median sold price is $0 and properties often trade near asking price, reflecting a sale-to-list ratio of 0.0%.
Schools & Education
Rainbow Falls is well-equipped for families, featuring two elementary schools located right within the neighbourhood: Rainbow Creek Elementary School (Public) and Our Lady of Wisdom School (Catholic). Older students are a short distance from Chestermere Lake Middle School, while high school students typically attend Chestermere High School or St. Gabriel the Archangel.
Transit & Access
While Chestermere is largely car-dependent, Rainbow Falls benefits from the Chestermere Transit Link, which is an extension of Calgary Transit's MAX Purple line. This bus service operates during morning and evening peak hours, providing local stops—such as the one at Rainbow Falls Drive and West Creek Drive—that connect commuters directly to Calgary's broader transit network.
Shopping & Dining
Residents enjoy convenient access to local day-to-day amenities along Rainbow Road, including a No Frills grocery store, pharmacies, convenience stores, and local dining spots like North Indian Spice House and Plaka Greek Taverna. For a wider selection of retail, the Chestermere Station shopping centre is just a few minutes away, offering major grocers, banks, and popular chain restaurants.
Parks & Recreation
Outdoor recreation is a major draw for the community. At the heart of the neighbourhood is Rainbow Falls Park, featuring scenic waterfalls, picturesque bridges, and a prominent community pond. An extensive network of paved walking and biking pathways connects the area to the Western Headworks Canal Pathway. The nearby Chestermere Family Bike Park offers pump tracks and progressive trails, while Chestermere Lake provides ample opportunities for swimming, boating, and winter ice skating.
Lifestyle & Community
The lifestyle in Rainbow Falls is laid-back, active, and family-oriented. Residents spend their weekends exploring local walking trails, birdwatching by the water features, or enjoying water sports at nearby Chestermere Lake. With a close-knit community vibe, abundant green spaces, and everyday conveniences close at hand, it perfectly balances a peaceful retreat with the active outdoor culture typical of a lakeside town.
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