Recently Sold Homes in Terrace, Medicine Hat
Browse newly sold homes in Terrace. View today's MLS® sold listings and homes sold in the last 30 days.
Homes sold in the last 30 days
2
Typical sale price
$814,500
Average time to sell
35 days
Searching for recently sold homes in Terrace? See exactly what buyers paid for properties in this Medicine Hat neighbourhood. Our MLS® sold listings show final sale prices, not just asking prices.
Browse houses sold in Terrace, track condos sold, and discover how your home compares. Use real comparable sales from your own neighbourhood to understand your home's true market value.
Terrace Sold Data Overview
Over the past 2 years, 51 homes have sold in Terrace, Medicine Hat, with a median sold price of $426K. Sale prices have ranged from $226K to $895K. The typical home sells in 22 days, showing a balanced market. Homes are selling at 99.1% of their list price — very close to asking price. Median property taxes in the area run approximately $3,394 annually. The most common property types sold include Detached Single Family (26), Lowrise Apartment (16), Townhouse (5).
Recently Sold in Terrace
2 homes sold in the last 30 days. Showing 2 of 2 • Updated May 26, 2026 at 12:14 PM
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Understanding the Terrace Market
See how the market is performing — prices, how fast homes are selling, and whether buyers or sellers have the advantage.
$426,050
Avg: $466,657
Range: $226,000 – $895,000
99.1%
Homes selling near asking
40 days
$347
51 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
(23 months)Negotiation & Cost Insights
Sold Above Asking
20%
65% sold below
Median Property Tax
$3,394/yr
Avg: $3,675
Home Size Range
738 – 3,360
sq ft
Price Spread
±$183,096
standard deviation
51
Homes sold (last 2 years)
12
Currently for sale
6.0
Months of Inventory (MOI)
16.7%
Absorption Rate (30d)
8
New in May 2026
2 vs 1
Sold count (last 30 vs prior 30): +100.0%
Median price: $814,500 vs $395,000 (+106.2%)
How does Terrace compare to Medicine Hat?
Terrace typical sale price
$814,500
2 sold in last 30 days
Medicine Hat typical sale price
$351,500
109 sold in last 30 days
Neighbourhood Guide: Terrace, Medicine Hat
Neighbourhood Overview
Terrace is a peaceful, sought-after residential neighbourhood in Medicine Hat. Known for its picturesque surroundings and family-friendly atmosphere, the community offers a tranquil suburban lifestyle with 12 properties currently on the market, keeping residents close to modern city amenities.
Location
Situated in the northeast quadrant of the city, Terrace is perched on the escarpment directly above the Ranchlands neighbourhood. This elevated positioning provides many properties with stunning, unobstructed views of the South Saskatchewan River valley and the striking Medicine Hat cliffs.
Housing Character
Development in Terrace began in the early 2000s, resulting in a streetscape of well-maintained, contemporary homes. The market is dominated by detached single-family houses, though there are also walkout bungalows, townhomes, and mid-rise condominiums. Positioned in the mid-range to premium tiers, the neighbourhood sees an average sold price of $466,657, with homes typically seeing 40 days on the market.
Schools & Education
Families in the area are served by the Medicine Hat Public School Division and local Catholic schools. Nearby educational options include Dr. Ken Sauer School and Webster Niblock School for early years, while older students typically attend Crescent Heights High School, all located within a short drive.
Transit & Access
While Terrace is primarily a car-dependent suburban community, residents have access to Medicine Hat Transit. Local bus routes operate along the main thoroughfares of the adjacent Northeast Crescent Heights and Ranchlands areas, providing standard connections to commercial hubs and the downtown core.
Shopping & Dining
As a strictly residential enclave, Terrace offers a quiet atmosphere free from heavy commercial traffic. For everyday needs, residents are only a short drive from the Crescent Heights commercial district, which features grocery stores, pharmacies, local restaurants, and cafes.
Parks & Recreation
The neighbourhood boasts exceptional access to the outdoors, seamlessly connecting to Medicine Hat's vast municipal trail system. Residents regularly enjoy walking and jogging along the scenic cliff-side paths, and are just minutes from Police Point Park, the Medicine Hat Golf and Country Club, and the extensive facilities at the Family Leisure Centre.
Lifestyle & Community
Life in Terrace is defined by quiet comfort and active outdoor living. The community primarily attracts families, professionals, and retirees who value a safe, low-traffic environment, spectacular natural vistas, and quick access to some of the city's best recreational amenities.
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Explore houses for sale in Terrace
12 active MLS® listings · $588,950 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 May 26, 2026 at 1:00 pm (America/Edmonton)
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