Red Deer Real Estate

  • 644 homes for sale in Red Deer, AB.

  • $385,347 Avg List
  • Neighbourhoods

Refine your Red Deer real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Red Deer.

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Home Prices in Red Deer

The asking price of homes for sale in Red Deer has decreased -2.94% since October last year, while the number of homes for sale has decreased -15.82%. See more Red Deer Home Prices & Values.

House
Median Asking Price
$400K
372 Houses
Townhouse
Median Asking Price
$240K
145 Townhouses
Condo
Median Asking Price
$215K
100 Condos

Find Real Estate & MLS® Listings in Red Deer

Zolo has the most thorough, up-to-date set of Red Deer real estate listings. Currently, Red Deer has 638 homes for sale, including 372 houses, 100 condos, and 145 townhouses listed for sale.

Red Deer is home to 29 unique neighbourhoods. With Zolo you'll be able to find the hottest Red Deer neighbourhoods, the best schools in the city, and evaluate nearby amenities. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

MLS® Listing data for Red Deer is updated every 15 minutes to provide you the most-up-to-date home listings. Get in touch with one of our Red Deer real estate agents to get started on landing your dream home today.

Red Deer City Guide

91K
Population
8.9%
Population Growth
6%
Unemployment

The city of Red Deer is a decently sized city housing over 100,000 citizens. It’s situated in the region of Central Alberta and it is pretty distinct compared to other cities for a multitude of reasons, part of which are its peculiar biome and specific positioning.

Red Deer is in an aspen parkland biome, the area that comes after prairie but before the boreal forest. Because of this, you will see traits from both biomes, such as grassland combined with spruce and, of course, aspen trees. Rivers crossing through such zones are plentiful, and they always feature more forests, along with small shrubbery.

The city of Red Deer is also important due to its positioning. It is situated midway between Calgary and Edmonton. These three cities are connected by a highway. The Alberta Highway 2, also known as the Queen Elizabeth II Highway, starts at the border between Canada and the United States, passing through all 3 cities and ending further north in Grande Prairie. This particular transit route is one of the most used highways in Alberta, because it ties many other freeways and highways together, such as highway 16 and highway 1.

The town started to grow as a small settlement when people needed to cross the river to get from Calgary to Edmonton, more precisely the Red Deer Crossing. Along this route, there were two forts, but the settlement grew mainly around Fort Calgary, where a railway was built which was followed by a trading post and a lodge. Around these two facilities, a settlement formed but not for long, because the bison-rich area started to lose its bison population, and thus the original settlers left, many of whom were Aboriginal people. 

Even so, the land was fertile and very attractive to the right people, and a settler bought some land and built a bridge, on which the first train crossed the city of Red Deer in 1891, thus making Red Deer an official town.

More recently, Red Deer’s economy is one of the fastest growing economies in the area, with many job opportunities in a variety of fields. Manufacturing, Agriculture and Foods, Oil and Gas, Transportation, and Petrochemical are the biggest fields in the city of Red Deer. Some of the largest corporations are Schlumberger and Manluk in the oil/gas industry, Nossack and Olymel in the manufacturing industry, Sunterra Meats and Promolex in the agricultural industry, and Nova Chemicals and CFR Chemicals in petrochemical.

Red Deer’s climate is considered to be a humid continental one. Averages for July are around 16 °C, while the averages for January are around -14 °C. Rainfall gets particularly intense during summer days, getting even rainier than the well-known rainy climate of England. You can expect really harsh winters and cool and rainy summer days, so if you are an advocate of a cooler climate, this city is a fine choice.

Neighbourhoods

When talking neighbourhoods, you have plenty discuss because in Red Deer there are 82 neighbourhoods, but you can imagine how “big” each is. This isn’t particularly bad though, it can certainly help you narrow down the zone you want to live in better. They are split all across the city, with some more popular areas near the river banks.

Anders Park is located in the southeast area of Red Deer, not particularly far from the center of the town but not on the edge of the city either. It is considered to be one of the better areas and has something to appeal to everyone: whether you just retired, just starting out, or looking for a place to move with your family. Anders Park is located in this area, which is divided into smaller neighbourhoods, however, these properties are slightly more expensive than the original Anders Park. You can expect to find 3 bedroom homes for sale around the $360,000 mark.

The Downtown area is a particularly interesting zone. Not only because it’s literally the center of the city and you have all the facilities that you could ever want, but also because it features many parks that the city of Red Deer has to offer. You can expect to find a multitude of home types, from condos and apartments to actual residential houses. You can find 2 bedroom condos for sale in the range of $120,000, but actual residential homes vary. You could find a 3-bedroom smaller home for $200,000, or you could find one for $430,000.

Normandeau is named after one of the early forts established near Red Deer, which is now a cute little neighbourhood north of the river. You can expect to find a multitude of different homes here too, and you can also expect to find cheaper alternatives if you are just starting out. As the city goes, there are plenty of parks here too. Mobile homes go for under the $100,000 mark, and as little as $30,000. Decently sizes duplex complexes and residential homes have an average range of $250,000.

Neighbourhood
(Top 5)
Sold under 10d Sold above asking Average sale price Active listings
1Grandview 100% 0% $294K 6
2Oriole Park West 33% 0% $248K 15
3Mountview 20% 20% $369K 9
4Anders Park 20% 0% $431K 8
5Vanier Woods 11% 22% $363K 15

Demographics

In 2016, the city broke the 100,000 citizens mark, getting to 100,418, and continues to rise. The majority is made up of Europeans, at over 85%. That is due to their roots starting to grow when they got here as farmers and ranchers back in the late 1800s. The most predominant minorities here are the Métis, Latin Americans, and Filipino, together barely breaking the 6% mark.

There are over 40,000 private dwellings in Red Deer, and 39,704 are occupied by locals. The average age here is 37.6, which is a pretty low figure mostly due to the younger population moving here for work. Most owned homes are single-detached houses, covering over half the number of houses here. Apartments and condos also plentiful, especially buildings under five storeys. Although industry here is plentiful, and there are many jobs available, the average wage only just passes Canada’s average of $51,000. The average wage in Red Deer is $52,000.

33%
Rent
67%
Own
$949
Monthly Rent (Median)
$1,338
Monthly Mortgage (Median)
23,710
Total Families
$72,385
Family Income (Median)
35
Age (Median)
51%
College Educated

Schools

Elementary Schools

6.7 Camille J Lerouge
4.3 St. Patricks
n/a Normandeau
n/a Gateway Christian
n/a G H Dawe

Secondary Schools

6.8 Hunting Hills
6.4 Notre Dame
5.5 Lindsay Thurber
1.6 River Glen
n/a Koinonia Christian

Commuters

90%
Drive
4%
Transit
1%
Bike
4%
Walk

Local Scoop

The city of Red Deer is quite immersed in all that is sports, so you can expect residents to be very passionate about sports, especially hockey. Red Deer is where many NHL players come from, and because of that, a special building opened for all the important personalities in sport around the Alberta region called The Alberta Sports Hall of Fame. Besides important people from the hockey sphere, it also has games inside, such as a golf putting area, a treadwall climbing wall, and virtual sports arenas, all on top of the actual museum.

Waskasoo Park is the most important park in all of Red Deer, due to its size, impressive look, and positioning. It stretches all the way from the outskirts of the city into the center of Red Deer. As such, there are over 80km of multi-use trails which shows how large this park actually is. You could say that Red Deer itself is just a gigantic park, and that’s why it is known as “Park City”.

One of the original forts which marked the origin of Red Deer became a museum. Fort Normandeau is a National Historic Site of Canada, but right now only a replica is standing in its place. The original fort marked the Red Deer Crossing but was abandoned in 1893 and left in ruins, so it had to be rebuilt from the ground up. This little museum shows you what life was like back in the late 1800s, even bringing back the garden that it once had, a poultry yard, and some teepees open to the public.

Red Deer is the city for you if you are a dog lover. On the northern bank of the Red Deer River, you will find the Three Mile Bend Recreation Area, which is an off-leash park. There is a multitude of activities that you can do there on top of dog walking, such as canoeing, a remote control car track, a designated picnic area, trails, and more. To add to the interest factor, the pond is cleaned by a very smart gadget which works on solar power.

Public transport in Red Deer is decently formed. It allows you to get everywhere in the city, and even some regions outside of the city, such as the small settlement of Springbrook. It also has direct transit to Lacombe and Blackfalds, without having to cross half the city. It features Sorensen Station, with is a transit terminal and parkade with over 400 spaces. Also, the city is linked by highways, highway 2, highway 1 and highway 16 which facilitate commutes to cities such as Edmonton.

Red Deer has a variety of elementary schools, middle schools and high schools, both public or Catholic. Children here have plenty of options regarding schools. When it comes to post-secondary education, there is Red Deer College.  It offers certificates, degrees, and apprenticeships across 75 different careers, ranging from arts to more technical fields such as engineering.

FAQs About Red Deer Real Estate

According to current Red Deer MLS© statistics, the average home listing price in Red Deer, AB is $381,000. Based on Red Deer housing inventory, the average home is listed on the market for 67 days and has a 96.7% selling to listing price ratio.

Based on current Red Deer MLS© data, the average detached house in Red Deer, AB has a listing price of $455,000. In Red Deer, detached houses are on the market for 61 days on average.

According to current Red Deer MLS© data, the average condo in Red Deer, AB has a listing price of $258,000. In Red Deer, the average price for a 2-bedroom condo is $286,000 and the average price for a 1-bedroom condo is $198,000.

In Red Deer, AB, the most expensive neighbourhoods to buy a home include Sunnybrook South, Mountview, Anders Park and Oriole Park West. Sunnybrook South is the most expensive neighbourhood in Red Deer with an average home price of $0.

The cheapest neighbourhoods to buy a home in Red Deer include Highland Green Estates, Riverside Meadows, Glendale and Downtown Red Deer. Highland Green Estates is the most affordable neighbourhood in Red Deer with an average home price of $349,000.

The closest cities to Red Deer, AB include Blackfalds, Penhold, Lacombe and Innisfail. Out of the nearby Red Deer cities, Penhold has the highest average home price of $376,000 and Innisfail has the most affordable average home price of $317,000.

The average townhouse in Red Deer has an average listing price of $269,000, which represents a 33.3% change in price from last year. There are currently 143 townhouses for sale in Red Deer, AB.

According to Statistics Canada Census data, the median total household income in Red Deer is $72,385 per year, which is above the national median income of $67,000 per year.

In Red Deer, AB, fewer people rent their homes than own at 32.5% rent versus 67.5% own. The median monthly rent price is $50,700 per month versus the median monthly mortgage of $1,200 per month.

red-deer
The listing data is provided under copyright by the Calgary Real Estate Board. The listing data is deemed reliable but is not guaranteed accurate by the Calgary Real Estate Board nor Zolo.