Home prices in Red Deer using the monthly average and the 12-month running average
I update this page every month with a 13-month table and a 36-month graph so you can see how home prices are changing.
I share the average home price in Red Deer each month based on homes sold the previous month. This includes all types of homes—semi-detached, townhomes, apartments, and detached homes. I also track detached home prices separately.
I post the 12-month running average for both overall and detached homes along with the monthly averages. At the end of the article, I give my thoughts on what’s happening in the Red Deer housing market.
I also track home prices in other Central Alberta communities. If you’d like more info or local real estate updates, call or text (403) 350-7672 or email hello@blakeking.ca.
Overview of the Data
In April, Red Deer’s housing market showed signs of subtle shifting, but it’s important to focus on the more reliable 12-month running averages, which smooth out the impact of occasional high- or low-priced sales — a key consideration in a market with relatively low volume.
The table below shows the average prices for detached homes and homes overall in Red Deer. It provides both the month-to-month average and the 12-month running average for each category. The data covers the past 13 months, allowing you to compare the most recent averages with those from the same month one year ago.
🏡 Overall Market
Current average (May 2025): $400,782
12-month change: +10.78%
Trend: After dipping mid-2024 (lowest in Nov 2024: $380,680), prices have rebounded, peaking in March 2025 ($420,816) before a slight correction in April, and stabilising in May.
Insight: The overall market has shown solid appreciation, suggesting strengthening demand and possibly tightening inventory. The rebound from fall 2024 suggests market resilience.
🏠 Detached Homes
Current average (May 2025): $474,500
12-month change: +11.90%
Trend: Strong upward momentum from November 2024 through March 2025, peaking in March ($523,234), followed by a -3.52% month-over-month decline by May.
Insight: The recent dip might signal some buyer resistance at higher price levels or seasonal fluctuations. Still, the year-over-year growth remains robust, indicating a healthy long-term trend.
🏘️ Attached Homes
Current average (May 2025): $292,663
12-month change: +5.98%
Trend: More stable and moderate compared to detached homes. Prices dipped to a low of $241,349 in Dec 2024, then steadily recovered. The 10.60% month-over-month spike in May is notable.
Insight: The strong recent jump suggests rising demand for more affordable housing (e.g., first-time buyers or downsizers), possibly due to affordability pressures in the detached segment.
🔄 Monthly Price Changes (May 2025 vs. April 2025)
- Overall: +1.80%
- Detached: -3.52%
- Attached: +10.60%
Interpretation:
Buyers may be moving away from more expensive detached homes in favour of lower-priced options.
The decline in detached prices and the simultaneous surge in attached prices hint at a possible shift in buyer preference or affordability constraints.
📈 Market Shift Indicators
Overall market stable: Month-to-month growth is modest (+1.80%), suggesting the market isn’t overheating.
Detached market cooling: The recent decline after a strong run-up could indicate a plateau or correction phase.
Attached market heating up: May’s surge in attached home prices suggests increasing competition or limited inventory in that segment.
🔍 What to Watch Going Forward
Inventory levels (not shown in the chart) would provide additional insight into supply-side pressures.
Will detached homes continue to cool, or was May an anomaly?
Will the spike in attached prices continue into the summer, or was it seasonal?
Is affordability driving a sustained shift toward attached homes?
Don’t limit your search—call us today at (403) 350-7672 and let us help you find your dream home before anyone else sees it! 📞🏡
Red Deer real estate Broker Blake King hosts iOnRealEstate.ca, a site that helps people in Central Alberta stay updated on the local real estate market. More information helps buyers and sellers make better decisions, and that’s important when it comes to an asset as valuable as your home. If you have any questions, call Blake King at (403) 350-7672.
