Red Deer Neighbourhood Guide
Aspen Ridge, Red Deer
Aspen Ridge is an established southeast Red Deer neighbourhood with parks, pathways and a broad mix of detached homes. For homeowners, the useful question isn't simply what the average Red Deer home is worth — it's what buyers are actually paying for comparable homes in Aspen Ridge.
What Aspen Ridge is like
Aspen Ridge is located in southeast Red Deer and was planned as a residential community with a mix of housing, neighbourhood green space and connections to the surrounding road and trail network. Development occurred over a number of years, so the neighbourhood has an established feel while still offering housing that is newer than many central Red Deer communities.
Detached housing includes bungalows, bi-levels, modified bi-levels and two-storey homes, with meaningful differences in square footage, garage configuration, basement development and renovation level. That variety makes Aspen Ridge a neighbourhood where selecting the right comparable sales matters.
The neighbourhood's southeast location provides convenient access toward 30 Avenue, 32 Street and nearby shopping and services. Parks, pathways and open spaces are incorporated into the community, making it easy to connect into the broader southeast trail and neighbourhood network.
For homeowners: two homes a few streets apart can produce very different values depending on size, style, garage, basement development, updates and lot. The Aspen Ridge median is useful context, but the best valuation starts with the sales that actually compete with your home.
Schools, parks and everyday convenience
For Red Deer Public Schools, Aspen Ridge is currently designated to G.W. Smith Elementary, Eastview Middle School and Hunting Hills High School. G.W. Smith serves students from Aspen Ridge along with several neighbouring southeast communities.
In the Catholic system, Aspen Ridge is currently included in the St. Elizabeth Seton School catchment, with École Secondaire Notre Dame serving the high-school level. Families should always confirm current attendance boundaries directly with the applicable school division, as boundaries can change.
The City of Red Deer's planning framework for Aspen Ridge includes neighbourhood parks, open space and trail connections. Those features, along with the area's established residential streets and southeast location, are an important part of how buyers compare Aspen Ridge with surrounding neighbourhoods.
How the Aspen Ridge real estate market is moving
From January 1 to August 31, 2026, 12 detached homes sold in Aspen Ridge. During the same eight-month period in 2025 there were 14 detached sales, so sales volume has been slightly lower this year.
The 2026 year-to-date median sold price was $563,750 , compared with $538,500 during the same period in 2025.
The average detached sale price so far in 2026 was approximately $584,204 . Homes spent a median of 29.5 days on the market, and the median sale-to-list ratio was 97.8% .
The sales also show why one number should not be applied to every Aspen Ridge property. Among detached homes sold during the first eight months of 2026, the median build year was approximately 2002, the median above-grade living area was about 1,411 square feet, and the median sold price per square foot was approximately $402.
Bungalows were the most common style among those 2026 sales, followed by bi-levels and two-storey homes. A bungalow with a finished basement and attached garage may attract a very different buyer — and produce a very different value — than a similarly priced two-storey property.
As of September 10, 2026, there were 3 active and 1 pending detached listings in Aspen Ridge.
Aspen Ridge detached-home sales by year
| Year | Homes Sold | Median Price | Median Days on Market | Median Sale-to-List |
|---|---|---|---|---|
| 2022 | 16 | $477,500 | 37.5 days | 98.5% |
| 2023 | 13 | $482,500 | 11 days | 99.5% |
| 2024 | 16 | $480,250 | 12 days | 99.1% |
| 2025 | 21 | $535,000 | 15 days | 99.4% |
| 2026 YTD | 12 | $563,750 | 29.5 days | 97.8% |
Pillar 9 MLS® System detached-home sales for Aspen Ridge, Red Deer. 2026 sold statistics cover January 1 through August 31, 2026. Active and pending inventory is a September 10, 2026 market snapshot. Statistics describe the neighbourhood market and are not an estimate of any individual property's value.
See what's on the market in Aspen Ridge right now
Recent sales tell us what buyers have paid. Current listings tell us what homeowners are competing against today. Both matter when you're trying to understand where your property fits in the current market.
View Red Deer ListingsWhat did that house down the street actually sell for?
That's usually the number homeowners really want to know. A listing price tells you what someone hoped to get. The final sale price tells us what a buyer was actually prepared to pay.
Even then, the sale only becomes useful when we understand how the property compares with yours. Was it a bungalow or a two-storey? Did it have an attached garage? Was the basement finished? Was the kitchen renovated? Did it back onto a busier road or green space?
I can review the recent Aspen Ridge sales closest to your home and show you which ones are meaningful comparisons — and which ones really aren't.
The $563,750 Aspen Ridge median is a useful benchmark, not an automatic home value. Your home's value comes from how buyers are likely to compare it with the properties they have recently seen and purchased.
Aspen Ridge real estate — common questions
How much do homes in Aspen Ridge sell for?
From January 1 through August 31, 2026, the median detached-home sale price in Aspen Ridge was $563,750, with an average sale price of approximately $584,204. Individual home values can differ significantly based on size, style, garage, basement development, updates, lot and condition.
How fast do homes sell in Aspen Ridge?
Detached homes sold from January through August 2026 spent a median of 29.5 days on the market. The median sold-to-list ratio was 97.8%. Sale times can still vary considerably by price range, condition and competition.
What types of homes are found in Aspen Ridge?
Aspen Ridge contains a mix of bungalows, bi-levels, modified bi-levels and two-storey homes. Among the detached properties sold during the first eight months of 2026, the median build year was approximately 2002 and the median above-grade living area was approximately 1,411 square feet.
Which schools serve Aspen Ridge?
Current Red Deer Public Schools attendance information designates G.W. Smith Elementary, Eastview Middle School and Hunting Hills High School for Aspen Ridge. Catholic-school catchments currently include St. Elizabeth Seton and École Secondaire Notre Dame. Families should confirm current boundaries directly with the applicable school division.
Is Aspen Ridge an older or newer Red Deer neighbourhood?
Aspen Ridge is newer than many of Red Deer's central established neighbourhoods but is now a mature residential community. Much of its detached housing was developed around the late 1990s and early 2000s, with the median build year among 2026 detached sales being approximately 2002.
How can I find out what a neighbour's house actually sold for?
I can review recent MLS® sales in Aspen Ridge, including final sale prices, market time and the property features that determine whether a particular home is actually comparable with yours.
What is my Aspen Ridge home worth?
A useful valuation starts with recent comparable Aspen Ridge sales rather than simply applying the neighbourhood median. I look at your home's style, square footage, lot, garage, basement, renovations, condition and current competition before giving you a realistic value range.
Wondering what your Aspen Ridge home is worth?
If you live in Aspen Ridge and you're curious about what has actually sold nearby, I can show you the recent sales that matter most to your property and put those numbers into context. No generic automated estimate — just a practical look at the homes buyers are comparing with yours.
