SouthlandsHousing market

Southlands

Southlands Housing Market Report

Strong Seller's Market

All types - for the month of May

Buyer's market Seller's market

2

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.

28

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*

6 active

New

6(-40.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 13, in 2023: 12, in 2022: -

Total Sold Listings*

4 sold

Median Sold Price

$319,800

Avg Days on Market

28 days

Median Bidding

-$2,650

Compared to number of sold, same period, in 2024: 13, in 2023: 17, in 2022: -

*Data is for the month of May

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

Sold vs Active vs New vs Relisted - Southlands - All types

Sold Price Distribution - Southlands - All types

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

Property Type Distribution - Southlands - All types

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

Median Price - Southlands - All types

Just listed - Southlands

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20 days on market

108 Somerset Rd, Medicine Hat

Detached2+221101.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2220767_1.jpg

22 days on market

102 Somerset Lane, Medicine Hat

Townhouse22+11071.00 sq ft

Listed by RE/MAX MEDALTA REAL ESTATE

pillar/IMG-A2220365_1.jpg

23 days on market

59 Somerside Gate, Medicine Hat

Semi-Detached1+23+1944.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2215798_1.jpg

33 days on market

$•••,•••

336 Somerside Cres, Medicine Hat

Detached2+33+11869.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

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78 days on market

32 Somerside Way, Medicine Hat

Detached33+11853.00 sq ft

Listed by RE/MAX MEDALTA REAL ESTATE

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120 days on market

328 Somerside Rd, Medicine Hat

Detached2+231137.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

Just sold - Southlands

pillar/IMG-A2221576_1.jpg

Sold 4 days ago

Sold for $215,000

298 Somerset Way #27, Medicine Hat

Townhouse22+11127.00 sq ft

Listed by ROYAL LEPAGE COMMUNITY REALTY

pillar/IMG-A2205873_1.jpg

Sold 26 days ago

Sold for $495,000

401 Southlands Blvd #1303, Medicine Hat

Townhouse1+23+11310.00 sq ft

Listed by RE/MAX MEDALTA REAL ESTATE

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Sold 28 days ago

Sold for $287,100

67 Timothy Way, Medicine Hat

Detached321314.00 sq ft

Listed by SOURCE 1 REALTY CORP.

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Sold 33 days ago

Sold for $352,500

4872 Southlands Dr, Medicine Hat

Semi-Detached1+22949.00 sq ft

Listed by EXP REALTY

pillar/IMG-A2210912_1.jpg

Sold 35 days ago

Sold for $462,500

$13K above asking

24 Somerside Way, Medicine Hat

Detached3+13+11483.00 sq ft

Listed by RIVER STREET REAL ESTATE

pillar/IMG-A2206394_1.jpg

Sold 37 days ago

Sold for $490,000

$8K below asking

401 Southlands Blvd #502, Medicine Hat

Semi-Detached2+131143.31 sq ft

Listed by RIVER STREET REAL ESTATE

pillar/IMG-A2205400_1.jpg

Sold 41 days ago

Sold for $730,000

$20K below asking

131 Somerset Crt, Medicine Hat

Detached3+232074.00 sq ft

Listed by RIVER STREET REAL ESTATE

pillar/IMG-A2206768_1.jpg

Sold 46 days ago

Sold for $367,000

64 Somerset Rd, Medicine Hat

Semi-Detached34+11246.00 sq ft

Listed by 2 PERCENT REALTY

pillar/IMG-A2210684_1.jpg

Sold 48 days ago

Sold for $527,000

$7K above asking

117 Somerset St, Medicine Hat

Detached3+14+11653.00 sq ft

Listed by SOURCE 1 REALTY CORP.

pillar/IMG-A2208245_1.jpg

Sold 48 days ago

Sold for $608,500

209 SOMERSIDE Rd, Medicine Hat

Detached3+231490.00 sq ft

Listed by RE/MAX MEDALTA REAL ESTATE

Population and Demographics

Overview

Total population 2654

Average household income $116,934

Age (%)

0 to 19

25%

35 to 49

21%

20 to 34

21%

65 and plus

18%

50 to 64

15%

Household composition (%)

Single family

65%

Single person

31%

Multi person

4%

Multi family

0%

Mother tongue (%)

English

91%

Others

3%

German

1%

Spanish

1%

Tagalog (Pilipino, Filipino)

1%

House tenancy (%)

Owners

69%

Renters

31%

Top 1 School in Southlands

Éâcole St. John Paul II School4802 Southlands Drive SE, T1B 0L6, Medicine Hat, AB

5.9/10

Public•

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

Some cafés within walking distance

Groceries

3/5

At least one grocery store within a 15-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

2/5

Some restaurants within walking distance