Recently Sold Homes in Terrace Heights, Lacombe
Find comparable sales in Terrace Heights. Use MLS® past sales data and comps to understand property values.
Homes sold in the last 30 days
1
Typical sale price
$437,900
Average time to sell
14 days
Finding accurate comps for Terrace Heights is essential whether you're buying or selling. Our MLS® past sales data shows you exactly what homes sold for — giving you the comparable sales you need to price correctly.
View property values in Terrace Heights, see the average home price for 2026, and understand what drives market value in this area. This is the MLS® sold real estate data that smart buyers and sellers use.
Terrace Heights Sold Data Overview
Over the past 2 years, 21 homes have sold in Terrace Heights, Lacombe, with a median sold price of $420K. Sale prices have ranged from $273K to $595K. The typical home sells in 16 days, showing a balanced market. Homes are selling at 99.2% of their list price — very close to asking price. Median property taxes in the area run approximately $3,992 annually. The most common property types sold include Detached Single Family (17), Townhouse (4).
Recently Sold in Terrace Heights
1 homes sold in the last 30 days. Showing 1 of 1 • Updated June 5, 2026 at 10:37 AM
View all 22 on the map
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Terrace Heights Price Trends & Sale Statistics
See how the market is performing — prices, how fast homes are selling, and whether buyers or sellers have the advantage.
$420,000
Avg: $409,257
Range: $273,400 – $595,000
99.2%
Homes selling near asking
14 days
$337
21 homes sold
Click a property type to view its trends in the chart below:
All Property Types
(click to filter chart)2-Year Market Trends: All Property Types
(15 months)Negotiation & Cost Insights
Sold Above Asking
24%
67% sold below
Median Property Tax
$3,992/yr
Avg: $3,855
Home Size Range
1,020 – 2,129
sq ft
Price Spread
±$76,447
standard deviation
21
Homes sold (last 2 years)
2
Currently for sale
2.0
Months of Inventory (MOI)
50.0%
Absorption Rate (30d)
0
New in June 2026
1 vs 0
Sold count (last 30 vs prior 30): 0.0%
Median price: $437,900 vs $0 (0.0%)
How does Terrace Heights compare to Lacombe?
Terrace Heights typical sale price
$437,900
1 sold in last 30 days
Lacombe typical sale price
$433,950
22 sold in last 30 days
Neighbourhood Guide: Terrace Heights, Lacombe
Neighbourhood Overview
Terrace Heights is a welcoming, family-oriented neighbourhood located in the northern part of Lacombe, Alberta. Known for its peaceful streets, modern subdivisions, and strong community feel, the area is highly sought after by families and professionals alike. The local real estate market is active and healthy, with properties spending an average of 14 days on the market.
Location
Situated in the northeast sector of Lacombe, Terrace Heights lies just east of the historic C and E Trail. Its convenient location provides residents with quick access to the heart of the city as well as major regional roadways, making it an excellent base for commuting to nearby Red Deer or exploring central Alberta.
Housing Character
The dominant property type in Terrace Heights is the detached single-family home, with properties typically featuring attached garages, modern layouts, and generous yard spaces. Built primarily from the 2000s onward, the neighbourhood offers comfortable, mid-range housing options with a median sold price of $420,000. The community also includes a complementary mix of well-maintained townhouses and accessible multi-family complexes.
Schools & Education
Education is a cornerstone of the community, anchored by the centrally located Terrace Ridge School, which serves students from Kindergarten through Grade 7. For older students, Lacombe Junior High and Lacombe Composite High School are located just a short drive away, alongside various private and Catholic school options within the broader city.
Transit & Access
Typical of suburban Lacombe, Terrace Heights is primarily a car-dependent neighbourhood. While dedicated local municipal bus routes are limited, the community features thoughtfully planned roads with easy access to major thoroughfares for personal vehicles. For intercity travel, regional coach services connect Lacombe to larger hubs like Red Deer, Edmonton, and Calgary.
Shopping & Dining
Although Terrace Heights is designed as a quiet residential enclave, it sits just minutes away from Lacombe's commercial districts. Residents can easily take a short drive to the historic downtown core or nearby highway commercial areas to access a variety of grocery stores, local boutiques, cozy cafes, and popular dining establishments.
Parks & Recreation
The neighbourhood was intentionally designed with outdoor recreation in mind. It boasts multiple municipal reserves, linear walking connections, and centrally located active parks. Dedicated playgrounds and tot lots cater to children of all ages, ensuring that well-maintained green space is always just a short walk from home.
Lifestyle & Community
Living in Terrace Heights provides a tranquil, suburban lifestyle characterized by a tight-knit community atmosphere. With an abundance of recreational spaces, a prominent neighbourhood school, and safe, quiet streets, it is an ideal setting for raising a family and enjoying a relaxed, community-focused way of life.
Explore nearby neighbourhoods
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View active listings in Terrace Heights, Lacombe
2 active MLS® listings · $379,700 median. See what's on the market today.
Frequently Asked Questions
Website provided by Kelly Grant
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).
Listing information last updated on June 5, 2026 at 5:00 pm (America/Edmonton)
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