Question 1

What is the median sold price in Heritage Hills?

Accepted Answer

The median sold price in Heritage Hills is $675,000 based on 66 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 Heritage Hills?

Accepted Answer

The average sold price in Heritage Hills is $685,012. Note that the average ($685,012) is higher than the median ($675,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Heritage Hills?

Accepted Answer

Home prices in Heritage Hills range from $470,000 to $1,026,500 based on recent sales data. This $556,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Heritage Hills selling above or below asking price?

Accepted Answer

On average, homes in Heritage Hills are selling at 100.6% of their asking price. This means homes are selling at or above asking price. Buyers should be prepared for competitive offers.

Question 5

How long do homes take to sell in Heritage Hills?

Accepted Answer

Homes in Heritage Hills are selling in an average of 18 days. This indicates a hot seller's market where homes sell very quickly. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Heritage Hills?

Accepted Answer

The average price per square foot in Heritage Hills is $370. 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 $740,000.

Question 7

How active is the real estate market in Heritage Hills?

Accepted Answer

The Heritage Hills market has seen 66 home sales over the past 2 years, with 2 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

How much do detached homes cost in Heritage Hills?

Accepted Answer

Detached homes in Heritage Hills are selling for an average of $685,012, with 66 sales over the past 2 years.

Question 9

Are home prices rising or falling in Heritage Hills?

Accepted Answer

Home prices in Heritage Hills have increased by 1.1% over the past 2 years. The average sold price moved from $623,350 to $630,000. The relatively stable prices suggest a balanced market.

Question 10

Is Heritage Hills a buyer's or seller's market?

Accepted Answer

Based on current data, Heritage Hills is a seller's market. Homes are selling in 18 days on average and at 100.6% of asking price. Sellers can price confidently, while buyers should be prepared to act quickly and consider offering at or above asking price.

Question 11

What percentage of homes sell above asking price in Heritage Hills?

Accepted Answer

In Heritage Hills, 47% of homes sold above asking price, while 47% sold below asking. This indicates a competitive market where bidding wars are common.

Question 12

What size homes are selling in Heritage Hills?

Accepted Answer

Homes selling in Heritage Hills range from 1,200 to 3,283 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Heritage Hills?

Accepted Answer

Heritage Hills shows relatively consistent pricing with a standard deviation of $125,742 around the average price of $685,012. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 14

How do I find out how much a house sold for in Heritage Hills?

Accepted Answer

Simply search our Heritage Hills 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 15

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

Question 16

Do you show all MLS® sold listings for Heritage Hills?

Accepted Answer

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

Just Sold: Heritage Hills Home Prices

Heritage Hills Sold Data Overview

Recently Sold in Heritage Hills

Sold Data & Market Statistics for Heritage Hills

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Heritage Hills compare to Sherwood Park?

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