Red Deer Homes for Sale
Red Deer is Alberta’s third-largest city, about an hour and a half north of Calgary on Highway 2. Here’s what it’s like to live there, every listing currently for sale, and the towns around it.
Average Price*
Homes for Sale Now
Median Days Listed
*Average sale price for January to September 2026, from the Alberta Real Estate Association (AREA). It’s an average of the homes that sold, not a benchmark like CREB®, so compare it with other Red Deer figures rather than Calgary-area benchmarks. Homes for sale and days listed come from my live MLS® listings and update through the day.
Life in Red Deer
Red Deer sits in the Red Deer River valley, roughly halfway between Calgary and Edmonton. The Waskasoo Park trail system follows the river right through the middle of the city, linking spots like Bower Ponds and the Kerry Wood Nature Centre.
It’s home to Red Deer Polytechnic and Westerner Park, and it’s where much of Central Alberta comes for shopping, appointments and services. Homes range from established neighbourhoods close to downtown to newer areas on the edges of the city, like Timber Ridge, Evergreen and Laredo.
Who Tends to Love It Here
Red Deer tends to suit buyers who want a full-size city for less than Calgary prices, families looking for a newer home with a yard, people whose work is in Central Alberta, and anyone who wants Sylvan Lake close by. I’m happy to help you weigh it up against Calgary and the towns around it.
Comparing cities? See Lethbridge, Airdrie, Cochrane and Okotoks.
Is Red Deer Right for You?
What People Love
- A full-size city at a lower price: the average sale price was $435,425 for January to September 2026 (AREA)
- The Red Deer River valley and the Waskasoo Park trails running through the city
- Red Deer Polytechnic, plus public, Catholic and francophone schools
- Sylvan Lake, Blackfalds and Lacombe all within about half an hour
The Trade-offs
- It’s about an hour and a half from Calgary, so it isn’t a commuter town for Calgary jobs
- Central Alberta reports average prices rather than CREB® benchmarks, so the numbers don’t line up directly with Calgary’s
Homes for sale in Red Deer right now
Every home currently for sale in Red Deer, pulled live from the MLS® System and updated throughout the day.
Red Deer market snapshot
From 376 homes for sale today| Home type | For sale | Median price | Per sq ft |
|---|---|---|---|
| Houses | 213 | $500K | $363 |
| Townhouses | 56 | $300K | $250 |
| Condos | 49 | $209K | $239 |
| Semi-detached / duplex | 35 | $329K | $302 |
| Mobile homes | 18 | $59K | $59 |
Asking prices of homes listed for sale on the MLS® System, not sold prices. Updated Nov 8, 2:33 am. Want sold prices for this area? Ask me.
Get new Red Deer listings by email
I’ll email you when a new home comes up for sale in Red Deer, usually the same day it’s listed.
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Towns Around Red Deer
Looking just outside the city? These towns and the county acreages are all in my listings search. Distances are approximate, from central Red Deer.
Red Deer Real Estate Market
Red Deer isn’t covered by CREB®. Its listings come through the Central Alberta REALTORS® Association, and the market numbers below are from the Alberta Real Estate Association (AREA), which reports average sale prices rather than a benchmark. Averages move around depending on which homes happened to sell, so treat them as a guide and compare Red Deer with Red Deer.
Source: Alberta Real Estate Association statistics for Red Deer, as reported by the Red Deer Advocate (Oct. 5, 2026); Statistics Canada, 2021 Census. Ask me for the latest month before you price a home or make an offer.
| Metric (source, period) | Figure |
|---|---|
| Average sale price, all homes (AREA, Jan.–Sept. 2026) | $435,425 (up 9.2% on the same months of 2025) |
| Average sale price, detached homes (AREA, Jan.–Sept. 2026) | $505,893 (up 7.5%) |
| Homes sold (AREA, Jan.–Sept. 2026) | 1,336 (down 7%) |
| Homes for sale at month end (AREA, Sept. 2026) | 382 |
| Months of supply (AREA, Sept. 2026) | 2.79 months |
| Population (Statistics Canada, 2021 Census) | 100,844 |
| Population growth, 2016–2021 (Statistics Canada) | +0.4% |
Who Lives in Red Deer
Statistics Canada’s 2021 Census counted 100,844 people in Red Deer, up 0.4% from 100,418 in 2016, which made it Alberta’s third-largest city again. The City of Red Deer puts the median after-tax family income for 2020 at $91,000.
Source: Statistics Canada, 2021 Census of Population, Red Deer, City (CY), Alberta; City of Red Deer, Statistics and Economic Profile.
Frequently Asked Questions About Red Deer
Have a question that isn’t here? Ask me and I’ll get back to you, usually the same day.
How far is Red Deer from Calgary?
About 150 km north on Highway 2 (the QEII), roughly an hour and a half by car. Edmonton is about the same distance to the north, so Red Deer sits close to halfway between the two.
What’s the average home price in Red Deer?
The average sale price was $435,425 for January to September 2026, and $505,893 for detached homes, according to the Alberta Real Estate Association (AREA). Those are averages of the homes that sold, not benchmarks, so they move around from month to month.
Is it a buyer’s or seller’s market in Red Deer?
At the end of September 2026 there were 2.79 months of supply (AREA). As a rough guide, under about 3 months favours sellers, 3 to 4 months is balanced, and over about 4 months starts to favour buyers. Ask me for the latest month before you make a move.
Which school boards serve Red Deer?
Red Deer Public Schools runs the public schools and Red Deer Catholic Regional Schools runs the Catholic schools. There’s also a francophone school, École La Prairie. Check the address with the school board before you buy, since designations can change.
Which real estate board covers Red Deer?
The Central Alberta REALTORS® Association. Calgary, Airdrie, Cochrane, Okotoks, Chestermere and High River are covered by CREB®, which is why Red Deer’s numbers are reported differently.
Can you help me buy or sell in Red Deer?
Yes. Tell me what you’re looking for in Red Deer or the towns around it, and I’ll set up a search for you and answer your questions along the way.