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.
Each month, I share the average home price in Red Deer 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.
Along with the monthly averages, I post the 12-month running average for both overall and detached homes. 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, free to call or text (403) 350-7672 or email hello@blakeking.ca.
I. Overview of the Data
This report analyzes housing price trends in Red Deer, Alberta, for overall, detached, and attached homes. The analysis focuses on the 12-month running average to provide a clear and accurate picture of long-term market performance. By incorporating an entire year of data, the 12-month average minimizes the impact of short-term fluctuations and seasonal patterns. This approach ensures consistency, as the months dropping out of the average are replaced by new data from the same time of year, providing a reliable measure of overall market trends.
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 | ooo | Detached | |||
| Month | Average | 12-month avg. | Average | 12-month avg. | |
| Dec 2023 | $325,802 | $338,592 ⬇︎ | $395,823 | $406,271 ⬆︎ | |
| Jan 2024 | $349,216 | $344,042 ⬆︎ | $411,907 | $411,603 ⬆︎ | |
| Feb 2024 | $343,667 | $346,686⬆︎ | $408,075 | $414,098 ⬆︎ | |
| Mar 2024 | $353,131 | $338,346 ⬇︎ | $442,659 | $417,467 ⬆︎ | |
| Apr 2024 | $392,090 | $350,912 ⬆︎ | $453,887 | $420,504 ⬆︎ | |
| May 2024 | $400,990 | $356,940 ⬆︎ | $479,995 | $426,013 ⬆︎ | |
| June 2024 | $379,872 | $358,957 ⬆︎ | $460,198 | $429,617 ⬆︎ | |
| July 2024 | $372,387 | $361,820 ⬆︎ | $428,748 | $431,391 ⬆︎ | |
| Aug 2024 | $390,212 | $365,171 ⬆︎ | $472,095 | $435,165 ⬆︎ | |
| Sept 2024 | $357,625 | $364,753 ⬇︎ | $426,638 | $435,402 ⬆︎ | |
| Oct 2024 | $363,528 | $363,894 ⬇︎ | $430,341 | $434,840 ⬇︎ | |
| Nov 2024 | $380,680 | $367,434 ⬆︎ | $468,091 | $439,871 ⬆︎ | |
| Dec 2024 | $388,139 | $372,629 ⬆︎ | $471,228 | $446,155 ⬆︎ |
II. Overall Housing Trends
The overall 12-month running average price for homes in Red Deer increased by 10% over the past year, rising from $336,589 in November 2023 to $372,629 in November 2024. While monthly prices fluctuated, this consistent growth reflects steady appreciation in the housing market. The peak average prices were recorded in November and December 2024, demonstrating strength through the end of the year.
III. Detached Home Trends
Detached homes saw a 9.8% increase in their 12-month running average, moving from $406,271 in November 2023 to $446,155 in November 2024. Despite some month-to-month volatility, detached homes maintained robust demand throughout the year. The peak average prices were recorded in May 2024, demonstrating seasonal strength in the spring market. This sustained upward trend highlights the resilience and popularity of detached homes in Red Deer.
IV. Attached Home Trends
Attached homes experienced the most significant growth, with their 12-month running average increasing by 13.7%, from $228,455 in November 2023 to $259,002 in November 2024. This substantial rise indicates increasing demand or price recovery for attached homes, which offer a more affordable alternative to detached properties. The 12-month running average increase each month in 2024.
Summary
The 12-month running average reveals a consistent upward trend in Red Deer’s housing market. Overall home prices rose by 10%, reflecting strong market fundamentals. Detached homes mirrored this growth, while attached homes outperformed with a 13.7% increase. This analysis, which accounts for seasonal variations, highlights a resilient market with steady price appreciation across all housing types.
With inventory so low still we’ll continue to see upward pressure on prices.
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.
