Red Deer County

Lancaster MeadowsHousing market

Lancaster Meadows

Lancaster Meadows Housing Market Report

Strong Seller's Market

All types - for the month of May

Buyer's market Seller's market

0

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.

20

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*

1 active

New

2(-60.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 2, in 2023: 7, in 2022: -

Total Sold Listings*

4 sold

Median Sold Price

$383,150

Avg Days on Market

20 days

Median Bidding

-$5,200

Compared to number of sold, same period, in 2024: 3, in 2023: 1, in 2022: -

*Data is for the month of May

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

Sold vs Active vs New vs Relisted - Lancaster Meadows - All types

Sold Price Distribution - Lancaster Meadows - All types

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

Property Type Distribution - Lancaster Meadows - All types

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

Median Price - Lancaster Meadows - All types

Just sold - Lancaster Meadows

pillar/IMG-A2218337_1.jpg

Sold 9 days ago

Sold for $415,000

76 Lister Cres, Red Deer

Detached2+221065.88 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2215918_1.jpg

Sold 15 days ago

Sold for $469,500

$6K below asking

14 Lund Close, Red Deer

Detached3+121352.00 sq ft

Listed by Century 21 Advantage

pillar/IMG-A2214175_1.jpg

Sold 33 days ago

Sold for $340,500

$11K above asking

66 Logan Close, Red Deer

Semi-Detached3+13+11287.94 sq ft

Listed by Grassroots Realty Group Ltd.

pillar/IMG-A2211227_1.jpg

Sold 33 days ago

Sold for $351,300

$14K below asking

149 Lamont Close, Red Deer

Detached321211.00 sq ft

Listed by Red Key Realty & Property Management

pillar/IMG-A2209252_1.jpg

Sold 43 days ago

Sold for $428,000

25 Lister Cres, Red Deer

Detached2+221099.10 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2211442_1.jpg

Sold 44 days ago

Sold for $465,000

25 Lamont Close, Red Deer

Detached3+231216.00 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2187727_1.jpg

Sold 128 days ago

Sold for $360,000

$20K below asking

85 Lister Cres, Red Deer

Detached321080.00 sq ft

Listed by Royal LePage Lifestyles Realty

pillar/IMG-A2176283_1.jpg

Sold 205 days ago

Sold for $390,000

$5K above asking

28 Lawrence Cres, Red Deer

Detached331196.97 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2170433_1.jpg

Sold 234 days ago

Sold for $395,000

58 Logan Close, Red Deer

Semi-Detached1+231183.00 sq ft

Listed by Royal Lepage Network Realty Corp.

pillar/IMG-A2164355_1.jpg

Sold 259 days ago

Sold for $509,900

$10K below asking

50 Lund Close, Red Deer

Detached3+231525.04 sq ft

Listed by homeFree

Population and Demographics

Overview

Total population 1573

Average household income $136,975

Age (%)

0 to 19

27%

35 to 49

22%

50 to 64

22%

20 to 34

17%

65 and plus

13%

Household composition (%)

Single family

75%

Single person

21%

Multi person

4%

Multi family

0%

Mother tongue (%)

English

88%

Others

3%

Tagalog (Pilipino, Filipino)

3%

Spanish

1%

French

1%

House tenancy (%)

Owners

75%

Renters

25%

Top 2 Schools in Lancaster Meadows

École Secondaire Notre Dame High School50 Lees Street, T4R 2P6, Red Deer, AB

6.1/10

Public•

Hunting Hills High School150 Lockwood Avenue, T4R 2M4, Red Deer, AB

5.7/10

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

1/5

Few or no cafés within walking distance

Groceries

3/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

1/5

Some shops within walking distance

Restaurants

2/5

Few or no restaurants within walking distance