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Alberta

Red Deer Real Estate

Browse homes for sale in Red Deer • Median $389,900

$389,900Median Price
30Avg Days on Market
215Detached63Condo50Commercial18Other12House1Multi-Unit

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Cost of Living
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Homes for Sale in Red Deer

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74 Turner Crescent

$539,900

74 Turner Crescent

Red Deer, Alberta

4bed3bath1,372sqft
4605 46 Street

$265,000

4605 46 Street

Red Deer, Alberta

2bed2bath1,090sqft
3606 55 Avenue

$375,000

3606 55 Avenue

Red Deer, Alberta

5bed2bath1,088sqft
150 Vanier Drive

$338,000

150 Vanier Drive

Red Deer, Alberta

3bed2bath1,496sqft
628 Lancaster Drive

$439,900

628 Lancaster Drive

Red Deer, Alberta

5bed3bath1,175sqft
339 Viscount Drive

$424,900

339 Viscount Drive

Red Deer, Alberta

2bed4bath1,486sqft
22 Lanterman Close

$459,900

22 Lanterman Close

Red Deer, Alberta

4bed2bath1,022sqft
111 Adams Close

$740,000

111 Adams Close

Red Deer, Alberta

4bed3bath1,505sqft
MLS® A2328700
71 Vanier Drive

$435,000

71 Vanier Drive

Red Deer, Alberta

4bed3bath1,151sqft
MLS® A2327845
86 Turnbull Close

$839,000

86 Turnbull Close

Red Deer, Alberta

4bed3bath2,540sqft
MLS® A2327020
33 Jennings Crescent

$205,000

33 Jennings Crescent

Red Deer, Alberta

1bed1bath809sqft
MLS® A2326094
19 Lougheed Close

$734,900

19 Lougheed Close

Red Deer, Alberta

4bed4bath1,962sqft
MLS® A2327869
Advanced Search in Red Deer

Showing 12 of 325 listings

About Red Deer Real Estate

Red Deer, located in central Alberta, is a vibrant city known for its rich history and welcoming community. Established in the late 1800s, Red Deer has evolved from a trading post to a bustling urban center. The city is surrounded by beautiful natural landscapes, including the picturesque Red Deer River, which is central to outdoor recreational activities such as hiking, cycling, and fishing. The blend of urban amenities and natural beauty gives Red Deer a unique character that sets it apart from larger metropolitan areas.

The downtown area features a variety of local shops, restaurants, and cultural venues, creating a lively atmosphere for residents and visitors alike. The city hosts numerous annual events, such as the Red Deer Rotary Arts Festival and the Red Deer Aboriginal Festival, reflecting its diverse community and commitment to arts and culture. The historical significance of the city is highlighted by landmarks such as the Red Deer Museum + Art Gallery, which showcases the region's history and artistic talent.

Red Deer appeals to a wide range of buyers, from young professionals drawn to job opportunities in the growing local economy to families seeking a safe and nurturing environment for their children. The city boasts excellent educational institutions, including Red Deer College, making it an attractive option for those pursuing higher education. With a strong community feel and a focus on quality of life, Red Deer is a place where residents can truly thrive.

383 active listings with a median price of $409,999.

Lifestyle & Community

Living in Red Deer offers a balanced lifestyle with a strong sense of community. Residents enjoy a mix of urban conveniences and outdoor activities, thanks to the city's parks and easy access to nature. The vibe is friendly and welcoming, with community events such as farmers' markets and seasonal festivals fostering connections among neighbors. Local culture flourishes through art galleries, theaters, and music events, making Red Deer a culturally rich environment for all ages. The city's diverse population contributes to a vibrant community atmosphere, perfect for families and individuals alike.

Local Amenities

  • Red Deer Regional Hospital Centre
  • The G.H. Dawe Community Centre
  • Bower Ponds
  • Red Deer College
  • City of Red Deer Public Library
  • Red Deer Market Square
  • Heritage Ranch
  • Waskasoo Park
  • Red Deer Museum + Art Gallery
  • The Alberta Sports Hall of Fame and Museum

Points of Interest

  • Bower Ponds
  • Red Deer Museum + Art Gallery
  • Red Deer Regional Airport
  • Waskasoo Park Trail System
  • Heritage Ranch
  • City Hall Park
  • Alberta Sports Hall of Fame and Museum
  • Red Deer Farmers Market
  • G.H. Dawe Community Centre
  • Red Deer Arts Council

Market Overview

As of October 2023, Red Deer boasts 383 active listings with a median listing price of $409,999. The market shows a stable demand, making it an appealing option for both first-time homebuyers and those looking to upgrade. With a balanced inventory, buyers can expect to find a range of properties from single-family homes to condos. The current market dynamics suggest a gradual appreciation in property values, influenced by the city's growing economy and community developments.

Investment Outlook

Red Deer presents promising investment opportunities, particularly in the rental market, which is bolstered by a strong demand for affordable housing options. With ongoing developments and infrastructure improvements, the city is poised for growth, making it an attractive location for real estate investors. The relatively low median listing price compared to larger cities in Alberta offers potential for significant returns, especially for those looking to enter the rental market or invest in new developments.

Ideal For

Red Deer is ideal for first-time buyers seeking affordability alongside a vibrant community atmosphere. Families are attracted to the city's safety, quality schools, and recreational opportunities. Additionally, retirees looking for a peaceful setting with access to amenities will find Red Deer appealing, as will investors interested in the city's growth potential and rental market opportunities.

Browse by Property Type

Condos(63)Detached Homes(215)
View Red Deer Market Report →

Nearby Cities

BentleyBenaltoBowden

Red Deer market — live snapshot

Pulled directly from current MLS® data. Updated every page load.

Active listings
392
Median list price
$420K
Median $/sqft
$339
Price range (middle 50%)
$290K – $590K

Price by bedroom — Red Deer actives

ActiveMedian price
1 bed15$150K
2 bed54$229K
3 bed82$374K
4 bed104$472K
5+ bed76$543K

Property mix — Red Deer actives

ActiveMedian price
Detached277$460K
Condo75$220K
Commercial17$1.29M
House11$58K
Other10$668K
Multi-Unit2$2.19M

Most-listed neighborhoods in Red Deer

ActiveMedian price
Timberstone2$4.75M
Capstone1$460K
Westerner Park1$159K

Living in Red Deer

Lifestyle

Living in Red Deer offers a balanced lifestyle with a strong sense of community. Residents enjoy a mix of urban conveniences and outdoor activities, thanks to the city's parks and easy access to nature. The vibe is friendly and welcoming, with community events such as farmers' markets and seasonal festivals fostering connections among neighbors. Local culture flourishes through art galleries, theaters, and music events, making Red Deer a culturally rich environment for all ages. The city's diverse population contributes to a vibrant community atmosphere, perfect for families and individuals alike.

Local Amenities

Red Deer Regional Hospital CentreThe G.H. Dawe Community CentreBower PondsRed Deer CollegeCity of Red Deer Public LibraryRed Deer Market SquareHeritage RanchWaskasoo ParkRed Deer Museum + Art GalleryThe Alberta Sports Hall of Fame and Museum

Written with AI assistance using live MLS data, reviewed by our team.

Price Distribution

$0 – $200K
53
$200K – $400K
149
$400K – $600K
99
$600K – $800K
52
$800K – $1.0M
17
$1.0M – $1.5M
8
$1.5M – $2.0M
5
$2.0M – $3.0M
3
$3.0M+
7

Your Local Expert in Red Deer

Jaleesa Wescott

Jaleesa Wescott

Real Estate Agent · Red Deer

View profile →

Explore More in Red Deer

Red Deer Market ReportPrices, trends & analysisCost of Living in Red DeerHousing, rent & expensesAffordability CalculatorFind out how much you can affordMortgage CalculatorEstimate monthly paymentsSchools in Red DeerSchools & ratings nearbyTransit in Red DeerStops & stations nearbyParks in Red DeerParks & recreation nearby

Frequently Asked Questions About Red Deer

How many homes are for sale in Red Deer?
There are currently 325 active residential listings in Red Deer. This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.
What is the median home price in Red Deer?
The median list price for homes in Red Deer is $389,900. Actual prices vary by property type, size, and neighbourhood. Use the filters above to narrow your search by price range.
What types of properties are available in Red Deer?
Properties available in Red Deer include Detached (215), Condo (63), Commercial (50), Other (18), House (12). You can filter by property type using the search options on this page.
How long do homes stay on the market in Red Deer?
Homes in Red Deer spend a median of 30 days on market. This can vary depending on price range, property type, and local market conditions.
How often are listings updated for Red Deer?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.
Are there neighbourhood-level listings for Red Deer?
Yes. You can browse homes in specific neighbourhoods within Red Deer using the area links on this page. Each neighbourhood page includes local stats, pricing data, and property details.

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Oakwyn Realty Ltd.

Oakwyn Realty Ltd.

Search Listings Online Inc.

3195 Oak St, Vancouver, BC V6H 2L2

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