North Flats
North Flats

North Flats Housing Market Report

Balanced Market

All types - for the month of April

Buyer's market Seller's market

4

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.

46

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*

4

New

6(-45.45% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 9, in 2023: 12, in 2022: -

Total Sold Listings*

1

Median Sold Price

$80,000

Avg Days on Market

46 days

Median Bidding

-$19,900

Compared to number of sold, same period, in 2024: 8, in 2023: 3, in 2022: -

*Data is for the month of April

Median Sold Price vs Average Days and Average Total Days on Market - North Flats - All types

Sold vs Active vs New vs Relisted - North Flats - All types

Sold Price Distribution - North Flats - All types

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

Property Type Distribution - North Flats - All types

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

Median Price - North Flats - All types

Population and Demographics

Overview

Total population 2826
Average household income $89,295

Age (%)

50 to 64
22%
0 to 19
22%
20 to 34
21%
35 to 49
20%
65 and plus
15%

Household composition (%)

Single family
49%
Single person
44%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
95%
Others
3%
French
1%

House tenancy (%)

Owners
53%
Renters
47%

Top 1 School in North Flats

Elm Street School1001 Elm Street S.E., T1A 1C2, Medicine Hat, AB
2.7/10
Public

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

3/5

At least one grocery store within a 15-minute walk

Nightlife

2/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance