Red Deer County

Michener HillHousing market

Michener Hill

Michener Hill Housing Market Report

Strong Seller's Market

All types - for the month of April

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.

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*

3 active

New

2(-50.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 5, in 2023: 7, in 2022: -

Total Sold Listings*

3 sold

Median Sold Price

$285,000

Avg Days on Market

20 days

Median Bidding

-$25,000

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

*Data is for the month of April

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

Sold vs Active vs New vs Relisted - Michener Hill - All types

Sold Price Distribution - Michener Hill - All types

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

Property Type Distribution - Michener Hill - All types

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

Median Price - Michener Hill - All types

Just sold - Michener Hill

pillar/IMG-A2208402_1.jpg

Sold 16 days ago

Sold for $270,000

$40K below asking

4326 Michener Dr #402, Red Deer

Condo22+11353.56 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2186185_1.jpg

Sold 17 days ago

Sold for $285,000

$25K below asking

6 Michener Blvd #324, Red Deer

Condo11843.00 sq ft

Listed by Realty Executives Alberta Elite

pillar/IMG-A2207535_1.jpg

Sold 21 days ago

Sold for $330,000

3925 50A St, Red Deer

Detached3+12834.81 sq ft

Listed by Century 21 Maximum

pillar/IMG-A2172536_1.jpg

Sold 39 days ago

Sold for $3,132,000

$648K below asking

3815 51A St #101 - 308, Red Deer

Condo--6179.50 sq ft

Listed by Century 21 Maximum

pillar/IMG-A2180906_1.jpg

Sold 84 days ago

Sold for $445,000

3703 50A St, Red Deer

Detached3+23+11233.00 sq ft

Listed by Royal Lepage Network Realty Corp.

pillar/IMG-A2188300_1.jpg

Sold 100 days ago

Sold for $323,500

$11K below asking

6 Michener Blvd #329, Red Deer

Condo121030.00 sq ft

Listed by Century 21 Advantage

pillar/IMG-A2186626_1.jpg

Sold 104 days ago

Sold for $345,000

4114 51 St, Red Deer

Detached2+12884.00 sq ft

Listed by Century 21 Advantage

pillar/IMG-A2186260_1.jpg

Sold 105 days ago

Sold for $369,500

6 Michener Blvd #207, Red Deer

Condo221119.90 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2182188_1.jpg

Sold 145 days ago

Sold for $375,000

6 Michener Blvd #403, Red Deer

Condo221119.40 sq ft

Listed by Honestdoor Inc.

pillar/IMG-A2179653_1.jpg

Sold 154 days ago

Sold for $388,500

$11K below asking

4120 50 St #4120, Red Deer

Detached4+131440.00 sq ft

Listed by Stone Creek Real Estate Inc.

Population and Demographics

Overview

Total population 822

Average household income $103,244

Age (%)

65 and plus

24%

50 to 64

22%

20 to 34

20%

35 to 49

17%

0 to 19

17%

Household composition (%)

Single family

54%

Single person

39%

Multi person

7%

Multi family

0%

Mother tongue (%)

English

93%

Others

4%

Tagalog (Pilipino, Filipino)

2%

French

1%

House tenancy (%)

Owners

65%

Renters

35%

Transportation

Car Friendly

4/5

Arteries nearby, but traffic congestion and parking problems are possible

Pedestrian Friendly

3/5

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 30-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