Light IndustrialHousing market

Light Industrial

Light Industrial Housing Market Report

Strong Seller's Market

All types - for the month of April

Buyer's market Seller's market

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

50

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

- active

New

-(- YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 1, in 2023: 2, in 2022: -

Total Sold Listings*

2 sold

Median Sold Price

$577,250

Avg Days on Market

50 days

Median Bidding

$4,800

Compared to number of sold, same period, in 2024: 0, in 2023: 0, in 2022: -

*Data is for the month of April

Median Sold Price vs Average Days and Average Total Days on Market - Light Industrial - All types

Sold vs Active vs New vs Relisted - Light Industrial - All types

Sold Price Distribution - Light Industrial - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Light Industrial - All types

Property type distribution based on data from the last 3 months.

Median Price - Light Industrial - All types

Just sold - Light Industrial

pillar/IMG-A2205124_1.jpg

Sold 35 days ago

Sold for $519,500

$10K above asking

917 Cottonwood St, Medicine Hat

Detached2+231544.00 sq ft

Listed by RIVER STREET REAL ESTATE

pillar/IMG-A2184739_1.jpg

Sold 36 days ago

Sold for $635,000

21 Cottonwood Close, Medicine Hat

Detached3+231581.00 sq ft

Listed by EXP REALTY

pillar/IMG-A2175909_1.jpg

Sold 119 days ago

Sold for $462,000

$8K below asking

24 Cottonwood Close, Medicine Hat

Detached2+131112.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2174015_1.jpg

Sold 120 days ago

Sold for $474,000

$15K below asking

20 Cottonwood Close, Medicine Hat

Detached3+131508.00 sq ft

Listed by 2 PERCENT REALTY

pillar/IMG-A2173356_1.jpg

Sold 175 days ago

Sold for $472,000

$8K below asking

36 Cottonwood Close, Medicine Hat

Detached3+231374.00 sq ft

Listed by REAL BROKER

pillar/IMG-A2144737_1.jpg

Sold 201 days ago

Sold for $572,000

$8K below asking

12 cottonwood Close, Medicine Hat

Detached2+231931.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2120106_1.jpg

Sold 1 year ago

Sold for $524,000

$11K below asking

3345 10 Ave #26, Medicine Hat

Semi-Detached1+23+11230.00 sq ft

Listed by EXP REALTY

pillar/IMG-A2110287_1.jpg

Sold 1 year ago

Sold for $699,900

3074 Cottonwood Way, Medicine Hat

Detached2+131545.00 sq ft

Listed by RIVER STREET REAL ESTATE

pillar/IMG-A2078657_1.jpg

Sold 1 year ago

Sold for $660,000

$30K below asking

947 Cottonwood St, Medicine Hat

Detached4+243019.00 sq ft

Listed by BETTER HOMES & GARDENS REAL ESTATE SIGNATURE SERVICE

pillar/IMG-A2073298_1.jpg

Sold 1 year ago

Sold for $700,000

$25K below asking

3053 Cottonwood Way, Medicine Hat

Detached2+132126.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

Population and Demographics

Overview

Total population 493

Average household income $129,516

Age (%)

65 and plus

25%

0 to 19

22%

50 to 64

22%

35 to 49

18%

20 to 34

12%

Household composition (%)

Single family

70%

Single person

27%

Multi person

3%

Multi family

1%

Mother tongue (%)

English

94%

Others

3%

German

1%

French

1%

House tenancy (%)

Owners

80%

Renters

20%

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

2/5

Other transportation modes are needed to reach day-to-day needs

Shopping, Food and Nightlife

Cafes

1/5

Few or no cafés within walking distance

Groceries

1/5

No grocery stores within walking distance

Nightlife

1/5

Few or no bars within walking distance

Shopping

1/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance