Red Deer, Alberta, Canada
As of September 7, 2026, the median asking price in Red Deer is $409,900, across 433 active MLS® listings.
Those listings have been on the market an average of 53 days.
184 new listings came to market in Red Deer in the last 30 days.
Asking prices work out to about $323 per square foot, based on the 413 listings that report floor area.
Detached homes in Red Deer are listed at an average of $551,724 across 237 active listings.
Condos in Red Deer are listed at an average of $250,256 across 41 active listings.
Townhouses in Red Deer are listed at an average of $303,647 across 39 active listings.
Duplexes in Red Deer are listed at an average of $363,699 across 28 active listings.
River Trails, Downtown, Everyday Ease
In central Red Deer, the neighbourhoods around Downtown and the Red Deer River feel like the city’s original front porch—older streets, mature trees, and a steady hum of everyday errands. You’ll find early- and mid-century houses with lived-in character, small walk-up apartments, and the occasional newer infill tucked between long-established lots. The river valley is the constant: a green ribbon of trails and viewpoints that makes the core feel unexpectedly outdoorsy for an inner-city address.
It’s a mixed crowd here, and that’s part of the appeal. Renters and owners share blocks; students and young workers drift in and out with the college and the hospital nearby; longtime residents stick around for the parks and the convenience. With a Walk Score around 58, it’s “walkable by necessity” rather than perfect—coffee, groceries, transit, and downtown services are close, but winter, river crossings, and the spread of big-box shopping elsewhere in the city still shape how people move.
Real estate in the central area tends to be about options: entry-level condos, revenue-friendly small multi-family, and detached homes that reward buyers who don’t mind a bit of updating. Some streets read quiet and residential, others feel more urban with traffic and older rental stock, so micro-location matters—proximity to trails, schools, and downtown amenities can change the feel (and value) of a property quickly. The market narrative is less “master-planned perfection” and more “choose your trade-offs,” which suits buyers who value location, character, and flexibility over uniformity.
Red Deer is showing a busy, well-supplied market with 436 active listings and 187 new listings in the past 30 days, giving buyers plenty of choice and keeping competition in check. With a median asking price of $417,450, an average of $321/sqft, and homes taking about 60 days on market, pricing looks steady rather than frothy, suggesting investors may find room to negotiate while focusing on value and cash-flow fundamentals.
Walk Score 58 · Transit Score 43 · Bike Score 60
The median asking price in Red Deer is $409,900, across 433 active MLS® listings as of September 7, 2026. The average asking price is $515,490. These are list prices on homes currently for sale, not sale prices.
There are 433 active MLS® listings in Red Deer as of September 7, 2026. 184 of them came to market in the last 30 days.
Homes currently listed in Red Deer have been on the market an average of 53 days as of September 7, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 433 homes currently listed in Red Deer, 55% detached houses, 9% condos, 9% townhouses, 6% duplexes.
Red Deer has a Walk Score of 58 out of 100, which Walk Score classifies as Somewhat Walkable — some errands can be accomplished on foot. Transit Score is 43. Bike Score is 60.
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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