Question 1

What is the median sold price in Timber Ridge?

Accepted Answer

The median sold price in Timber Ridge is $552,500 based on 56 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 Timber Ridge?

Accepted Answer

The average sold price in Timber Ridge is $571,171. Note that the average ($571,171) is higher than the median ($552,500), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Timber Ridge?

Accepted Answer

Home prices in Timber Ridge range from $365,000 to $860,000 based on recent sales data. This $495,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Timber Ridge selling above or below asking price?

Accepted Answer

On average, homes in Timber Ridge are selling at 99.1% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Timber Ridge?

Accepted Answer

Homes in Timber Ridge are selling in an average of 27 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Timber Ridge?

Accepted Answer

The average price per square foot in Timber Ridge is $337. 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 $674,000.

Question 7

How active is the real estate market in Timber Ridge?

Accepted Answer

The Timber Ridge market has seen 56 home sales over the past 2 years, with 8 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

How many new listings are coming to market in Timber Ridge?

Accepted Answer

There have been 8 new listings in Timber Ridge during August 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in Timber Ridge?

Accepted Answer

The most common property types selling in Timber Ridge are: detached single family (52 sold, avg $584,924), half duplex (4 sold, avg $392,375). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Timber Ridge?

Accepted Answer

Detached homes in Timber Ridge are selling for an average of $584,924, with 52 sales over the past 2 years.

Question 11

Are home prices rising or falling in Timber Ridge?

Accepted Answer

Home prices in Timber Ridge have decreased by 6.3% over the past 2 years. The average sold price moved from $636,500 to $596,250. This downward trend may present buying opportunities for purchasers.

Question 12

Is Timber Ridge a buyer's or seller's market?

Accepted Answer

Based on current data, Timber Ridge is a seller's market. Homes are selling in 27 days on average and at 99.1% of asking price. Sellers can price confidently, while buyers should be prepared to act quickly and consider offering at or above asking price.

Question 13

What percentage of homes sell above asking price in Timber Ridge?

Accepted Answer

In Timber Ridge, 11% of homes sold above asking price, while 77% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 14

What are the average property taxes in Timber Ridge?

Accepted Answer

The average annual property tax in Timber Ridge is $4,895, with a median of $4,689. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 15

What size homes are selling in Timber Ridge?

Accepted Answer

Homes selling in Timber Ridge range from 1,046 to 2,551 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 16

How much do home prices vary in Timber Ridge?

Accepted Answer

Timber Ridge shows relatively consistent pricing with a standard deviation of $122,685 around the average price of $571,171. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 17

How do I find out how much a house sold for in Timber Ridge?

Accepted Answer

Simply search our Timber Ridge 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 18

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 Timber Ridge will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 19

Do you show all MLS® sold listings for Timber Ridge?

Accepted Answer

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

Recently Sold Homes in Timber Ridge, Red Deer

Timber Ridge Sold Data Overview

Recently Sold in Timber Ridge

Curious what your home is worth in Timber Ridge?

Timber Ridge Price Trends & Sale Statistics

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Timber Ridge compare to Red Deer?

More neighbourhoods in Red Deer

Frequently Asked Questions

Sign up to see what homes actually sold for