Red Deer Real Estate

Listings last updated 05/25/2022

489 Houses for Sale in Red Deer

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Frequently Asked Questions

How many homes for sale are available in Red Deer, AB?

On Point2, there are 489 homes for sale in Red Deer, AB to choose from. You can browse through multiple property types, from single-family homes for sale to townhouses, condos and even commercial real estate in Red Deer, AB.

How much do houses in Red Deer, AB cost?

Homes for sale in Red Deer, AB vary with prices ranging from $25,000 to $4,999,000.

How do I search for homes for sale in Red Deer, AB?

With Point2, you can sort the homes for sale in Red Deer, AB based on multiple criteria, such as price, property type, square footage, number of bedrooms and bathrooms, lot size or the year it was built. You can also narrow your search by using specific keywords, as well as filter properties based on recent price drops. Then, save your search and receive daily or weekly emails with listings matching your preferences.

What type of information can I find on Point2?

Point2 offers an abundance of information about Red Deer, AB real estate, including property descriptions and photos, as well as demographic stats. In addition, you’ll find a more detailed overview of the local market at the bottom of the search result page.

CITY GUIDE
RED DEER, ALBERTA

Red Deer is located in the central region of Alberta.

In spite of having a total population of 100,000 citizens and a land area of only 100 square kilometres, it is the third most highly populated city in the province.

Its name originates from a mistaken translation by British of the Cree phrase "Waskasoo Seepee", which is “Elk River” in English.

The confusion came from thinking that elk was synonymous with the European red deer that they were familiar with in their home country of Great Britain.

According to the latest economic projections, it appears as if the working population will double in size over the next 30 years.

Every single industry that contributes to the current economic stability of Red Deer and its projected growth is expected to increase in the number of workers. Health care, food services, oil and gas extraction, construction and retail trade are expected to see the largest increases.

This makes sense as Red Deer is known as a major hub in Alberta for oil distribution and petrochemical production.

The tax laws are also extremely generous for entrepreneurs and businesses, as they are exempt from paying taxes for their business, payroll, capital, and machinery.

As per the population growth, it has consistently experienced rapid growth over the past couple of decades with no signs of stopping anytime soon.

It is not uncommon to look at the percentages of population growth and see double digits. Projections indicate that Red Deer could very well double its current population size by 2050.

KEY FACTS:

Red Deer, Alberta

Red Deer, Alberta
  • Country: Canada

  • Province: Alberta

  • Nickname(s): "Dead Rear"

  • Population: 90,564 

  • Area:

    Land: 104.29 km2  

Entertainment

Don’t let the small land area of Red Deer throw you off, because there are a large number of things for residents and tourists to engage in. There are numerous recreational areas that allow for amenities such as full-scale gyms, all-day daycares, indoor pools, saunas, skating rinks, and more! Many of these centres can be booked for special events, and they often host seasonal classes for people of all ages! These arenas are considered by the local residents to be strong community builders that keep everyone together.

When you feel like stepping out of the recreational arenas for a breath of fresh air, you can do to one of the many outdoor facilities for some fun in the sun. You can go to the water parks to cool off, take a walk on one of the many parks, or take an exhilarating bike ride down the Red Deer Mountain. Good luck going through all of the available activities!

Entertainment
Neighbourhoods

Neighbourhoods

With almost 75 different neighbourhoods that exist within the city of Red Deer, it can be extremely difficult to categorise certain areas of the city. Therefore, the city is informally divided into 4 quadrants due to its square-like shape: Northeast Red Deer, Northwest Red Deer, Southeast Red Deer, and Southwest Red Deer.

Neighbourhoods

Northeast

Northeast Red Deer includes neighbourhoods such as (but not only) Glendale, Kingsgate, Kentwood, and Normandeau. One of the highlights of this area includes the River Bend Golf and Recreation Area, where visitors can go through a normal course of 18 holes or relax in one of the spa areas.

Northwest

Pines, Garden Heights, and the Three Mile Bend are just many of the neighbourhoods that you will encounter in the northwestern quadrant of Red Deer. Being right beside Central Park, visitors will get access to all of the features it provides. You can go sightseeing, track down wildlife, hike up the pre-designated paths, go cycling, or even take a swim in its rivers!

Southeast

Southeast Red Deer is home to the neighbourhoods of Sunnybrook, Clearview Meaduews, Waskasoo, and much more! It is home to Westerner Park, one of the best camping grounds in the province of Alberta. When you aren’t camping, you can also check out the festivals that it hosts. Some people go as far as to have their own wedding ceremonies here.

Southwest

Southwestern Red Deer hosts the Westlake, South Hill, Orile Park, and West Park neighbourhoods. This is where the downtown area of the city is located. Despite being highly populated, residents and newcomers are shocked to see a high density of wildlife within the urban area. Rabbits, moose, and deer are just a small sample of the animals that you will find. See if you can get a picture before they run away!

Real Estate Market

Northeast Red Deer is home to a mix of cheap houses and high-end residences that are both fairly traditional in their design. The properties are situated fairly close to one another, reflecting on the suburban nature of the neighbourhoods in this quadrant.

Northwest Red Deer is one of the hottest areas in the real estate market, and the Pines neighbourhood has become attractive to prospective homebuyers over the years. Its location is very close to many of the city’s best amenities, and the homes boast a modern design that is aesthetically pleasing to look at. Some of the properties take up several thousand square feet, and include features that include recreation rooms, gyms, wine cellars, and outdoor pools.

Southeast Red Deer is somewhat suburban in nature, except that the houses are fully detached and spaced out a far greater distance from one another. You can expect to see mansions and large bungalows that take up a lot of property space. These kinds of homes are best suited for larger families and wealthier individuals that like living in a quiet neighbourhood that simultaneously has easy access to other parts of the city.

Southwest Red Deer is home to Red Deer College, which opens up an opportunity for students wishing to invest in a rented apartment or find a nearby condo to live in. If that option isn’t for you, you will be pleased to find traditionally designed homes that are fully detached from one another. These homes are the same size as those found in northeastern Red Deer, and are best suited for smaller families.

  • Average Home Price: $329,684
  • Average Apartment Price: $196,793
  • Average Detached Home Price: $375,290
  • Average Townhouse Price: $193,836
  • Average Single Family Home Price: $293,283

Data source: Alberta Real Estate Association (AREA) report for 2020/2021.

Education

Education

The only post-secondary institution available in the city is the Red Deer College, a community college that takes an alternative approach to education. Class sizes are far smaller, and the learning is hands-on compared to the traditional method of sitting down and taking notes from a speech or a presentation. Many of the programs here offer applied degrees and apprenticeships that allow people to specialize in the trades and profit from their acquired skills.

There are over 40 elementary schools that are available for parents to choose from in the city of Red Deer. Schools in Alberta are judged by a combination of parental feedback, student feedback, how they prepare children for higher levels of education, and standardized test results in the areas of reading, writing, and mathematics. Some of the Red Deer schools that achieve highest ranks include Poplar Ridge, Koinonia Christian, and Camille J. Lerouge.

Education
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