South RidgeHousing market

South Ridge

South Ridge Housing Market Report

Strong Seller's Market

All types - for the month of March

Buyer's market Seller's market

1

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.

43

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 active

New

8(+14.29% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 7, in 2023: 12, in 2022: 0

Total Sold Listings*

7 sold

Median Sold Price

$430,000

Avg Days on Market

43 days

Median Bidding

-$6,900

Compared to number of sold, same period, in 2024: 8, in 2023: 2, in 2022: 1

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - South Ridge - All types

Sold vs Active vs New vs Relisted - South Ridge - All types

Sold Price Distribution - South Ridge - All types

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

Property Type Distribution - South Ridge - All types

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

Median Price - South Ridge - All types

Just listed - South Ridge

pillar/IMG-A2213711_1.jpg

6 days on market

30 Sage Close, Medicine Hat

Detached2+231082.00 sq ft

Listed by 2 PERCENT REALTY

pillar/IMG-A2212804_1.jpg

12 days on market

$•••,•••

116 Shields Cres, Medicine Hat

Detached3+231106.00 sq ft

Listed by URBAN-REALTY.ca

pillar/IMG-A2209264_1.jpg

14 days on market

259 Sprague Way, Medicine Hat

Detached4+131776.00 sq ft

Listed by RIVER STREET REAL ESTATE

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21 days on market

$•••,•••

498 Sissons Cres, Medicine Hat

Detached2+22967.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2207795_1.jpg

27 days on market

$•••,•••

165 South Ridge Dr #407, Medicine Hat

Townhouse33+11495.00 sq ft

Listed by REAL BROKER

pillar/IMG-A2203827_45.jpg

41 days on market

31 Sage Close, Medicine Hat

Detached3+24+12109.00 sq ft

Listed by SOURCE 1 REALTY CORP.

Just sold - South Ridge

pillar/IMG-A2212455_1.jpg

Sold 6 days ago

Sold for $485,000

$16K above asking

22 Stanfield Pl, Medicine Hat

Detached33+11766.00 sq ft

Listed by RE/MAX MEDALTA REAL ESTATE

pillar/IMG-A2204033_1.jpg

Sold 13 days ago

Sold for $410,000

$10K below asking

432 Sissons Cres, Medicine Hat

Detached421133.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2206345_1.jpg

Sold 25 days ago

Sold for $402,000

$12K above asking

23 Scott Cres, Medicine Hat

Detached2+221021.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2198292_1.jpg

Sold 28 days ago

Sold for $390,000

$10K below asking

89 Stevenson St, Medicine Hat

Detached2+321046.00 sq ft

Listed by SOURCE 1 REALTY CORP.

pillar/IMG-A2172354_1.jpg

Sold 34 days ago

Sold for $270,000

$20K below asking

144 Seven Persons Cres, Medicine Hat

Detached2+22919.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2194576_1.jpg

Sold 37 days ago

Sold for $558,000

$40K below asking

41 Stein Close, Medicine Hat

Detached2+331757.00 sq ft

Listed by MAXWELL CANYON CREEK

pillar/IMG-A2198860_1.jpg

Sold 38 days ago

Sold for $430,000

$10K below asking

16 Souch Bay, Medicine Hat

Detached3+131279.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2199338_1.jpg

Sold 41 days ago

Sold for $380,000

211 Sprague Way, Medicine Hat

Detached321055.00 sq ft

Listed by RIVER STREET REAL ESTATE

pillar/IMG-A2194503_1.jpg

Sold 46 days ago

Sold for $478,000

$7K below asking

14 Stanfield Pl, Medicine Hat

Detached3+231430.00 sq ft

Listed by EXP REALTY

pillar/IMG-A2197371_45.jpg

Sold 46 days ago

Sold for $399,900

480 Sissons Cres, Medicine Hat

Detached2+121122.22 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

Population and Demographics

Overview

Total population 4901

Average household income $119,524

Age (%)

0 to 19

28%

50 to 64

20%

35 to 49

20%

20 to 34

17%

65 and plus

15%

Household composition (%)

Single family

75%

Single person

20%

Multi person

4%

Multi family

0%

Mother tongue (%)

English

91%

Others

3%

Arabic

2%

German

1%

French

1%

House tenancy (%)

Owners

76%

Renters

24%

Transportation

Car Friendly

5/5

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

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Shopping, Food and Nightlife

Cafes

2/5

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

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance