Medicine Hat Market Report Feb 2026 | Prices Up 7.5%

Executive Summary

The Medicine Hat, Alberta real estate market is currently classified as a seller's market. The median asking price is $430K, up 7.5% over the past 30 days.

There are currently 159 active listings. Inventory has increased 91.6% compared to last month.

Currently, listings spend an average of 38 days on market and the average price per square foot is $286.

Detached properties make up the largest share of the Medicine Hat market at 85% of active listings with an average price of $480K. Condo listings follow at 15% (avg $290K).

Sales Activity & Absorption

Volume

159

Active

Avg DOM

New (30d)

New (7d)

Market Signals

Price Cuts (30d)

New (7d)

Price Cuts

New (7d)

76 new listings appeared in the past month.

Neighborhoods

Area	Listings	Avg Price	Median
River Flats	22	$339K	$301K
SW Hill	17	$492K	$400K
SE Hill	14	$358K	$344K
Southland	12	$493K	$462K
Ross Glen	12	$511K	$440K
SE Southridge	11	$377K	$450K
SW Southridge	9	$673K	$675K
Terrace	7	$484K	$525K
Northwest Crescent Heights	7	$259K	$184K
Riverside	7	$370K	$320K
South West Industrial	7	$680K	$635K
Northeast Crescent Heights	7	$545K	$550K

Avg 2 schools nearbyAvg 6 parks nearbyAvg 2 transit stops nearby

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%

Prime Rate4.45%

Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $430K, 20% down, 25yr amortization

$2,001/mo

at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

This is currently a seller's market with strong demand and limited inventory. The Medicine Hat market currently has 159 active listings with a median price of $430K.

Prices rising (7.5% in 30 days)
Low price reduction rate (0% of listings)
Average price per square foot is $286

For Buyers

Competition is strong in Medicine Hat. Get pre-approved, work with a local agent, and be prepared to move quickly on properties you like. Consider expanding your search criteria. There were 20 new listings in the past week.

For Sellers

Conditions favor sellers in Medicine Hat. Price confidently based on recent comparables, and consider professional staging to maximize offers. Multiple-offer scenarios are common.

Search Medicine Hat

Browse all 159 active listings.

View All Listings

Resources

Market data is calculated from active and recently sold MLS listings as of February 28, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.