Question 1

What is the median sold price in Redwater?

Accepted Answer

The median sold price in Redwater is $273,350 based on 102 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 Redwater?

Accepted Answer

The average sold price in Redwater is $286,033. Note that the average ($286,033) is higher than the median ($273,350), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Redwater?

Accepted Answer

Home prices in Redwater range from $39,000 to $1,250,000 based on recent sales data. This $1,211,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Redwater selling above or below asking price?

Accepted Answer

On average, homes in Redwater are selling at 95.5% 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 Redwater?

Accepted Answer

Homes in Redwater are selling in an average of 112 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Redwater?

Accepted Answer

The average price per square foot in Redwater is $232. 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 $464,000.

Question 7

How active is the real estate market in Redwater?

Accepted Answer

The Redwater market has seen 102 home sales over the past 2 years, with 23 properties currently for sale. The market shows balanced conditions between buyers and sellers.

Question 8

How many new listings are coming to market in Redwater?

Accepted Answer

There have been 2 new listings in Redwater during June 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in Redwater?

Accepted Answer

The most common property types selling in Redwater are: detached single family (100 sold, avg $355,811), condo (rae) (2 sold, avg $187,450). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Redwater?

Accepted Answer

Detached homes in Redwater are selling for an average of $355,811, with 100 sales over the past 2 years.

Question 11

How much do condos cost in Redwater?

Accepted Answer

Condos and apartments in Redwater are selling for an average of $187,450, with 2 sales over the past 2 years. Condos typically offer a more affordable entry point into the Redwater market.

Question 12

Are home prices rising or falling in Redwater?

Accepted Answer

Home prices in Redwater have decreased by 28.7% over the past 2 years. The average sold price moved from $270,000 to $192,500. This downward trend may present buying opportunities for purchasers.

Question 13

Is Redwater a buyer's or seller's market?

Accepted Answer

Based on current data, Redwater is a buyer's market. Homes are selling in 112 days on average and at 95.5% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 14

What percentage of homes sell above asking price in Redwater?

Accepted Answer

In Redwater, 18% of homes sold above asking price, while 72% sold below asking. A moderate number of homes attract multiple offers.

Question 15

What are the average property taxes in Redwater?

Accepted Answer

The average annual property tax in Redwater is $3,701, with a median of $3,701. 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 Redwater?

Accepted Answer

Homes selling in Redwater range from 535 to 2,431 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 Redwater?

Accepted Answer

Redwater shows moderate price diversity with a standard deviation of $152,313 around the average price of $286,033. 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 Redwater?

Accepted Answer

Simply search our Redwater 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 Redwater will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 20

Do you show all MLS® sold listings for Redwater?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Redwater. 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 Redwater, Redwater

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