Terrace Housing Market Statistics

Searching for Terrace real estate housing market statistics? Updated 5 active Terrace homes for sale. Terrace is a residential neighbourhood in Medicine Hat. The highest priced Terrace real estate listing is $804,373.00 lowest priced property is $315000 for an average price $542,434.60. Terrace community property types including, single family detached homes, attached, townhomes plus new Terrace real estate information.

Total Listings: 5
Highest Price: $804,373.00
Lowest Price: $315000
Average Price: $542,434.60

Similar Homes For Sale Near Terrace Medicine Hat

Find similar homes for sale located near Terrace Medicine Hat. Terrace is a residential neighbourhood in Medicine Hat Alberta. The highest priced Terrace real estate listing is $804,373.00 with the lowest priced property $315000 for an average price $542,434.60. Research new upcoming Terrace open houses this weekend, just listed homes read more..


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Frequently Asked Questions About Terrace

Find answers to the most common questions about living in Terrace, real estate market trends, and community amenities.

What is the average home price in Terrace?

The average home price in Terrace is currently $542,434.60, with prices ranging from $315000 to $804,373.00 depending on property type, size, and condition.

What types of properties are available in Terrace?

Terrace offers a variety of property types including single-family detached homes, townhouses, condominiums, and new construction developments. The community has options for first-time homebuyers, growing families, and downsizers.

What amenities are available in Terrace?

Terrace features parks, walking trails, shopping centers, restaurants, and recreational facilities. The community is also served by several schools and is conveniently located near major transportation routes.

How is the school system in Terrace?

Terrace is served by several highly-rated public and private schools. The community falls within the Medicine Hat school district, which is known for its strong academic programs and extracurricular activities.

What is the commute time from Terrace to downtown?

Commute times from Terrace to downtown Medicine Hat typically range from 20-40 minutes depending on traffic conditions and mode of transportation. The community has good access to public transit and major highways.

Are there any new developments in Terrace?

Yes, Terrace has several new development projects including residential complexes and community infrastructure improvements. Check our new construction page for the latest updates.

How does the real estate market in Terrace compare to nearby communities?

Terrace offers competitive pricing compared to similar communities in the area, with a strong balance of affordability and amenities. Property values have shown consistent growth over the past several years.

What is the demographic makeup of Terrace?

Terrace is a diverse community with a mix of young professionals, families, and retirees. The neighborhood is known for its strong sense of community and active resident associations.

Are there recreational facilities in Terrace?

Yes, Terrace offers various recreational facilities including parks, sports fields, community centers, and walking trails. The community also hosts regular events and activities for residents of all ages.

How can I find a reputable real estate agent in Terrace?

We recommend working with agents who specialize in the Terrace area. You can browse our directory of verified local agents who have experience with properties in this community and can provide valuable market insights.

Terrace REALTOR® Referral

Need a Terrace REALTOR® Referral partner? our exclusive screened Terrace real estate agent referral directory for Medicine Hat and area. Compare Top Terrace real estate agents Medicine Hat real estate REALTOR® referral fees paid on September 18th 5:40am more Terrace REALTOR® Referral partners.