Medicine Hat - Houses for sale, Listings, Properties, Homes for sale
The Houses for sale in Medicine Hat are currently experiencing significant growth and attracting attention from buyers and investors. With an average price of approximately $450,000 and a median price of around $350,000, the city offers a range of housing options across various neighborhoods. This research paper examines key aspects of the Medicine Hat housing market, providing insights into pricing, property types, and market trends.
Here are the current Medicine Hat Real Estate market trends:
| Decription | Value |
|---|---|
| Price Range | $144,900 - $1,600,000 |
| Number of Listings | 256 |
| Most Expensive Listing | $1,600,000 |
| Least Expensive Listing | $144,900 |
| Average Price | Approximately $450,000 |
| Median Price | Approximately $350,000 |
| Most Common Property Type | Single-family homes |
| Popular Neighborhoods | Southview, River Ridge, Somerset |
| Newest Development | Hamptons Crescent |
| Oldest Neighborhood | Downtown |
| Largest Home Size | Over 3,000 sq ft |
| Smallest Home Size | Under 800 sq ft |
| Average Bedrooms | 3-4 |
| Average Bathrooms | 2-3 |
Median Sale Price of Homes in Medicine Hat
Here are the median sales price of Homes in Medicine Hat AB for the past 6 years.
| Median Sale Price | ||||
| Detached | Semi-Detached | Townhome | Apartment | |
| 2024 | $363,650.00 | $326,500.00 | $210,000.00 | $199,900.00 |
| 2023 | $332,000.00 | $317,500.00 | $195,500.00 | $180,000.00 |
| 2022 | $322,000.00 | $270,000.00 | $175,950.00 | $172,000.00 |
| 2021 | $312,823.00 | $270,000.00 | $175,000.00 | $175,500.00 |
| 2020 | $297,500.00 | $270,000.00 | $172,000.00 | $165,000.00 |
| 2019 | $282,250.00 | $240,000.00 | $214,000.00 | $172,500.00 |
Median Sale Price of Detached homes by Bedroom Above Grade in Medicine Hat
Here are the median sales price of detached Homes by Bedrooms above grade in Medicine Hat AB for the past 6 years.
| Median Sale Price for Detached Homes by Bedroom Above Grade | ||||
| 2+ | 3+ | 4+ | 5+ | |
| 2024 | 364,900 | 400,000 | 443,000 | 450,000 |
| 2023 | 330,500 | 367,500 | 431,000 | 532,000 |
| 2022 | 322,750 | 365,000 | 460,000 | 593,500 |
| 2021 | 314,250 | 347,000 | 377,000 | 395,000 |
| 2020 | 300,000 | 335,000 | 394,000 | 390,000 |
| 2019 | 290,750 | 330,000 | 386,750 | 110,000 |
Information on Medical Hat
The price range for Medicine Hat houses for sale spans from $144,900 to $1,600,000. This wide range encompasses various property types, from modest starter homes to luxurious estates. The diversity in pricing reflects the city's varied housing stock and neighborhood characteristics. Factors influencing this price range include: There are currently 256 Medicine Hat houses listed for sale. This number represents the active inventory in the local real estate market. The quantity of available houses can fluctuate based on: The most expensive Medicine Hat house for sale is priced at $1,600,000. This high-end property likely offers: The least expensive Medicine Hat house for sale is listed at $144,900. This property may be characterized by: The average price of Medicine Hat houses for sale is approximately $450,000. This figure represents the typical cost of a home in the city and is influenced by: The median price of Medicine Hat houses for sale is approximately $350,000. This median value indicates that: The most common property type for sale in Medicine Hat is single-family homes. This prevalence reflects: Single-family homes offer various styles, including: Popular neighborhoods for Medicine Hat houses include Southview, River Ridge, and Somerset. These areas are favored due to: Other notable neighborhoods include: The newest development for houses in Medicine Hat is Hamptons Crescent. This area likely features: The oldest neighborhood for houses in Medicine Hat is Downtown. This area is characterized by: The largest home size available in Medicine Hat exceeds 3,000 sq ft. These expansive properties typically offer: Multiple bedrooms and bathrooms The smallest home size available in Medicine Hat is under 800 sq ft. These compact properties often feature: Medicine Hat houses for sale typically have 3-4 bedrooms. This range accommodates: Factors influencing bedroom count include: Medicine Hat houses for sale typically have 2-3 bathrooms. This configuration often includes: The number of bathrooms is influenced by: The most common architectural style for Medicine Hat houses is ranch-style. This popular design is characterized by: Factors contributing to the prevalence of ranch-style homes include: Luxury homes in Medicine Hat are primarily found in neighborhoods such as Mount Royal, Elbow Park, and Britannia. These areas are known for: Factors that contribute to the luxury status of these neighborhoods include: Gated communities are available in select areas among Medicine Hat houses for sale. These communities typically offer: The presence of gated communities is influenced by: Waterfront properties are available for sale in Medicine Hat, particularly along the South Saskatchewan River. These properties often feature: Factors affecting waterfront property availability include: Medicine Hat's real estate market offers a diverse range of properties across various price points and neighborhoods. From affordable starter homes to luxury estates, the city caters to different buyer preferences and investment strategies. The market's current dynamics, with rising prices and new developments, suggest a healthy and growing real estate sector in Medicine Hat.Information on Medicine hat
The Canadian city of Medicine Hat is located in southeast Alberta. The South Saskatchewan River runs alongside it. It is roughly 295 km (183 mi) southeast of Calgary and 169 km (105 mi) east of Lethbridge. Cypress County includes this city as well as the nearby Town of Redcliff to the northwest. With 63,271 residents, Medicine Hat ranked as Alberta's eighth-largest city in 2021. With an average of 2,544 hours of sunshine annually, Environment and Climate Change Canada claims it to be the sunniest location in Canada. Originally a railroad town, Medicine Hat is now connected to the eastern end of the Crowsnest Highway (Highway 3) and the Trans-Canada Highway (Highway 1). The nearby settlements of Desert Blume, Dunmore, Irvine, Seven Persons, and Veinerville, as well as the Town of Redcliff (which borders the city's northwest boundary), are all regarded as belonging to the Medicine Hat area. Southeast of the city is the Cypress Hills, which includes Cypress Hills Interprovincial Park, and is only a short drive away. Large natural gas fields have long been a feature of Medicine Hat, which Rudyard Kipling famously described as having "all hell for a basement." The city is referred to as "The Gas City" because of these reserves. The first Canadian city to attain "functional zero" chronic homelessness—three consecutive months in which three or fewer people were homeless—was Medicine Hat in 2021. They were able to accomplish this because, starting in 2009, they implemented a Housing First policy to address homelessness. Origins of names and ancient history Saamis (SA-MUS), the Blackfoot term for the eagle tail feather headdress worn by medicine men, is interpreted in English as "Medicine Hat." A mythical Merman river serpent known as Soy-yee-daa-bee, or the Creator, is linked to a number of legends. He told a hunter to sacrifice his wife in order to obtain mystical powers that materialized in a special hat. According to another legend, a Cree "Medicine Man" who was fleeing a battle between the Blackfoot and the Cree long ago lost his headdress in the South Saskatchewan River. Medicine Hat has always been a gathering place due to a variety of natural factors. Both the migratory herds of bison that traveled through the area and the humans who used the waterways and hunted the bison were drawn to the gently sloping valley with its converging waterways and resilient native cottonwood trees. The region was inhabited for hundreds of years by the ancient Blackfoot, Cree, and Assiniboine nations before European settlers arrived. These nations were preceded by earlier indigenous cultures for thousands of years. At what became known as the Saamis Archeological Site along Seven Persons Creek, close to a historic Blackfoot buffalo jump, archeological excavations were carried out starting in 1971 under the supervision of researchers from Medicine Hat College (MHC). Archaeologists discovered a large number of artifacts connected to bands of First Nations ancestors, referred to as the Old Women's Phase. They identified this location as significant after discovering "quantities of stone tools, fire cracked rock, butchered bone, and pottery." The majority of the bones were determined to be bison. In 1972 and 1973, more excavations were carried out, and a college student field school was established there. They mapped and excavated more than 3,200 square feet of living space, as well as almost 80 features, such as stone boiling pits and hearths. The Saamis Site was first occupied around AD 1500 and again around AD 1750, according to radiocarbon dates, which is well before the majority of European contact. In 2000, additional MHC faculty and students participated in an excavation at what became known as the Hillside Campsite, which is located further to the west in this area. Two layers of discoveries were made there. The lower layers were discovered to be significantly older, containing Pelican Lake Phase remains that were dated to between 1000 and 1500 BC, while the upper layer contained artifacts from the Old Women's Phase. Contemporary founding Station of the Canadian Pacific Railway (1906) European Canadians founded a town site in 1883 when the Canadian Pacific Railway (CPR) arrived at Medicine Hat and crossed the river. They gave it its name based on legends from the First Nations. As the city grew, Medicine Hat constructed the first hospital west of Winnipeg in 1889. This town was designated as a railway divisional point by the CPR. On October 31, 1898, the frontier settlement became a town. Medicine Hat, which had previously been in the district of Assiniboia, was incorporated into the province of Alberta in 1905. On May 9, 1906, Medicine Hat was incorporated as a city. Since 1992, the depot has been recognized as a National Historic Site and remains intact. Medicine Hat is located on the Pacific Coast, midway between Winnipeg and Vancouver, British Columbia. Growth and Industrialization The Medicine Hat Speedway Derby The town, which was once referred to as "the Pittsburgh of the West," became industrialized and was rich in natural resources, such as coal, clay, natural gas, and farmland. This area is home to several sizable industries drawn by the abundant and reasonably priced energy resources. Coal mines, brick factories, factories that made pottery and glass bottles, flour mills, etc. were established. From 1950 until 1988, Medicine Hat was home to Altaglass, a company that produced both functional and artistic glass. With the railway and river providing access to transportation, the town developed into a hub for trade and services related to the local agricultural sector and its products, including livestock and commodity crops. Due to the town's economic boom between 1909 and 1914, its population grew to over 10,000. Between the World Wars, not much progress was made. This area was the site of one of Canada's biggest prisoner-of-war (POW) camps during World War II, which opened in January 1943 and housed mostly German and Italian prisoners until April 1946. The town did not experience another period of commercial growth until the post-war 1950s. With the savings of a city-owned gas utility and power generation plant, Medicine Hat boasts a high standard of living and a reasonably priced cost of living in the twenty-first century. Among the major industries have been chemical plants, a Goodyear tire and rubber plant, greenhouses, a foundry, a number of businesses related to oil and gas, and I-XL Industries, which is a brickworks that dates back to the 1880s. A non-profit organization called Friends of Medalta was established to protect a portion of the city's industrial past. Geographical The South Saskatchewan River valley dominates the Medicine Hat landscape. Furthermore, within the city limits, the tributaries Seven Persons Creek and Ross Creek both empty into the South Saskatchewan River. Throughout the city, these waterways have carved out a striking valley landscape with many cliffs and finger coulees. Short-grass vegetation dominates the flat to gently rolling terrain outside of the city and river valley. The Badlands Guardian Geological Feature is situated at 50°0′38.2″N 110°6′48.3″W, approximately 40 km (25 mi) to the east. In the shape of a head with a feathered headdress, it is a landscape formation. The width of the head is 1,000 feet (300 meters). It is in inverse relief and is not made up of raised ground but rather valleys. One of the few locations in Canada where the antipodal point is not in the Antarctic ice or the Indian Ocean is Medicine Hat, which is located close to Port-aux-Francais (Kerguelen Island) .
Real estate
Real estate is property that includes land, buildings, and natural resources like growing crops (like timber), minerals, water, and wild animals; it also includes immovable property of this kind, an interest in this (also) a piece of real property, or more generally, buildings or housing in general." Real estate is distinct from personal property in the legal sense, whereas estate refers to an individual's "interest" in land property. Personal property, which is not permanently affixed to the land (or included with the land), is distinct from real estate. Examples of this type of property include automobiles, boats, jewelry, furniture, tools, farm animals, and rolling stock. According to state laws, real estate can be transferred, owned, or acquired in the US by individuals, business corporations, nonprofit organizations, fiduciaries, or any other type of legal entity. The real estate industry's history One could argue that the idea of a person's inherent right to own property has its origins in both Greek philosophy and Roman law. Because agricultural needs necessitated clearing and preparing land, the profession of appraisal can be considered to have started in England in the 1500s. Although the term "appraising" was more common in North America, the term "surveying" was used in England as textbooks on the subject of surveying started to be written. Natural law, sometimes referred to as "universal law," was discussed by writers in the 15th and 16th centuries in relation to "property theory," interstate relations involving foreign investments, and the defense of citizens' private property overseas. One could argue that Emerich de Vattel's 1758 treatise The Law of Nations, which conceptualized the concept of private property, was influenced by natural law. When the Louisiana Purchase Treaty was signed in 1803, one of the biggest real estate transactions in history—known as the "Louisiana Purchase"—took place. By purchasing the "Louisiana Territory" from France for fifteen million dollars, or about four cents per acre, the United States gained ownership of the territory and cleared the path for western expansion. "Baird & Warner" is the current name of the oldest real estate brokerage firm, which was founded in Chicago, Illinois, in 1855 under the name "L. D. Olmsted & Co." The National Association of Realtors was established in Chicago in 1908, and in 1916 it changed its name to the National Association of Real Estate Boards. It was at this time that the term "realtor" was created to refer to real estate professionals. A significant decline in real estate values and prices was brought on by the 1929 stock market crash and the Great Depression in the United States, which ultimately led to a 50% depreciation in the four years following 1929. The Banking Act of 1933 and the National Housing Act of 1934 had a significant impact on housing financing in the United States because they made it possible for homebuyers to obtain mortgage insurance, a system that was introduced by the Federal Deposit Insurance and the Federal Housing Administration. When the National Housing Act was amended in 1938, a government organization called Fannie Mae was created to act as a secondary mortgage market and provide lenders with additional funding so that new homes could be built. In 1968, the United States enacted Title VIII of the Civil Rights Act, also referred to as the Fair Housing Act, which addressed the integration of African Americans into neighborhoods as the discrimination issues related to home financing, purchasing, and renting were examined. The idea of "internet real estate" was first introduced in 1999 when real estate platforms first appeared on the World Wide Web (www). Household real estate Both single-family and multifamily structures that are available for occupancy or non-business use can be found in residential real estate. A residence can be categorized based on its relationship to nearby residences and land. For the same physical type, different housing tenure types can be used. Connected homes, for instance, could be owned by one company and rented out, or they could be owned independently with a contract addressing the relationship between units, common areas, and issues. Townhouses Principal classifications attached or multi-unit residences An apartment (American English) or flat (British English) is a single unit within a complex of apartments. An apartment's perimeter is typically delineated by a set of locked or lockable doors. seen frequently in apartment complexes with multiple stories. A multi-family home is a detached building with multiple stories, where each floor is a separate apartment or unit. A terraced house is a series of single or multi-unit buildings arranged in a continuous row with shared walls and no space between them. It is also known as a townhouse or rowhouse. In American English, a condominium is a building or complex that is owned by an individual and is comparable to apartments. Everybody in the complex owns and shares the common areas and grounds. There are also townhouse or rowhouse-style condominiums in North America. An apartment building is the British equivalent. A form of multiple ownership known as a housing cooperative (or co-op) allows each resident of a multi-unit housing complex to own shares in the cooperative corporation that owns the property, granting them the right to occupy a particular apartment or unit. In Indian metropolises, these kinds of housing make up the majority. Tenement: In Britain, this kind of building is shared by several residences, usually consisting of flats or apartments on each floor and with a common entrance and staircase. Semi-detached homes Duplex: Two apartments with a single wall in common. detached homes The bungalows A house with two levels Houses Villas. A detached home or a detached single-family home Cottages
What's the price range for Medicine Hat houses for sale?
How many Medicine Hat houses are currently listed for sale?
What's the most expensive Medicine Hat house for sale?
What's the least expensive Medicine Hat house for sale?
What's the average price of Medicine Hat houses for sale?
What's the median price of Medicine Hat houses for sale?
What's the most common property type for sale in Medicine Hat?
Which neighborhoods are popular for Medicine Hat houses?
What's the newest development for houses in Medicine Hat?
What's the oldest neighborhood for houses in Medicine Hat?
What's the largest home size available in Medicine Hat?
Factors contributing to the availability of large homes include:
What's the smallest home size available in Medicine Hat?
Small homes appeal to various buyers due to:
How many bedrooms do Medicine Hat houses for sale typically have?
How many bathrooms do Medicine Hat houses for sale typically have?
What's the most common architectural style for Medicine Hat houses?
Which neighborhoods have luxury homes in Medicine Hat?
Are there gated communities among Medicine Hat houses for sale?
Are there waterfront properties for sale in Medicine Hat?
Medicine Hat Houses For Sale
