Question 1

What is the median sold price in Downtown Red Deer?

Accepted Answer

The median sold price in Downtown Red Deer is $229,900 based on 147 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Downtown Red Deer?

Accepted Answer

The average sold price in Downtown Red Deer is $246,268. Note that the average ($246,268) is higher than the median ($229,900), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Downtown Red Deer?

Accepted Answer

Home prices in Downtown Red Deer range from $71,500 to $2,100,000 based on recent sales data. This $2,028,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Downtown Red Deer selling above or below asking price?

Accepted Answer

On average, homes in Downtown Red Deer are selling at 97.2% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Downtown Red Deer?

Accepted Answer

Homes in Downtown Red Deer are selling in an average of 44 days. This indicates a balanced market with moderate competition. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in Downtown Red Deer?

Accepted Answer

The average price per square foot in Downtown Red Deer is $237. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $474,000.

Question 7

How active is the real estate market in Downtown Red Deer?

Accepted Answer

The Downtown Red Deer market has seen 147 home sales over the past 2 years, with 42 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How many new listings are coming to market in Downtown Red Deer?

Accepted Answer

There have been 18 new listings in Downtown Red Deer during February 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in Downtown Red Deer?

Accepted Answer

The most common property types selling in Downtown Red Deer are: apartments (129 sold, avg $235,808), detached homes (16 sold, avg $319,700), duplexes (1 sold, avg $330,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Downtown Red Deer?

Accepted Answer

Detached homes in Downtown Red Deer are selling for an average of $319,700, with 16 sales over the past 2 years. The average price per square foot for detached homes is $304.

Question 11

How much do condos cost in Downtown Red Deer?

Accepted Answer

Condos and apartments in Downtown Red Deer are selling for an average of $235,808, with 129 sales over the past 2 years. Condos typically offer a more affordable entry point into the Downtown Red Deer market.

Question 12

Are home prices rising or falling in Downtown Red Deer?

Accepted Answer

Home prices in Downtown Red Deer have decreased by 22.6% over the past 2 years. The average sold price moved from $151,780 to $117,500. This downward trend may present buying opportunities for purchasers.

Question 13

Is Downtown Red Deer a buyer's or seller's market?

Accepted Answer

Based on current data, Downtown Red Deer is a slight seller's market. Homes are selling in 44 days on average and at 97.2% of asking price. Sellers have an advantage, but buyers can still find opportunities with well-crafted offers.

Question 14

What percentage of homes sell above asking price in Downtown Red Deer?

Accepted Answer

In Downtown Red Deer, 10% of homes sold above asking price, while 80% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 15

What are the average property taxes in Downtown Red Deer?

Accepted Answer

The average annual property tax in Downtown Red Deer is $2,088, with a median of $1,896. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 16

What size homes are selling in Downtown Red Deer?

Accepted Answer

Homes selling in Downtown Red Deer range from 371 to 11,965 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 17

How much do home prices vary in Downtown Red Deer?

Accepted Answer

Downtown Red Deer shows high price diversity with a standard deviation of $211,730 around the average price of $246,268. This wide range indicates a diverse market with options at many price points.

Question 18

How do I find out how much a house sold for in Downtown Red Deer?

Accepted Answer

Simply search our Downtown Red Deer sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 19

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Downtown Red Deer will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 20

Do you show all MLS® sold listings for Downtown Red Deer?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Downtown Red Deer. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Houses Sold in Downtown Red Deer — What Buyers Paid

Downtown Red Deer Sold Data Overview

8 Recently Sold Homes in Downtown Red Deer (Last 30 days • Updated February 24, 2026 at 1:38 PM)

What's Happening in Downtown Red Deer Real Estate

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Condo carrying costsn=129 condo sales (last 2y)

Downtown Red Deer vs Red Deer

More neighbourhoods in Red Deer

Frequently Asked Questions

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