Elizabeth Park Homes Sold in the Last 30 Days
Browse newly sold homes in Elizabeth Park. View today's MLS® sold listings and homes sold in the last 30 days.
Homes sold (last 90 days)
2
Median sold price
$480,000
Average time to sell
29 days
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Elizabeth Park Sold Data Overview
Over the past 2 years, 48 homes have sold in Elizabeth Park, Lacombe, with a median sold price of $542K. Sale prices have ranged from $290K to $725K. The typical home sells in 30 days, showing a balanced market. Homes are selling at 98.8% of their list price — very close to asking price. Median property taxes in the area run approximately $4,922 annually. The most common property types sold include Detached (40), Semi Detached (Half Duplex) (8).
2 Recently Sold Homes in Elizabeth Park (Last 90 days • Updated February 24, 2026 at 7:54 PM)
Showing 2 of 2. Sold details require a verified account.
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Sold Data & Market Statistics for Elizabeth Park
Understand pricing, negotiation leverage, and market velocity based on recent sales.
$542,250
Avg: $521,659
Range: $290,000 – $725,000
98.8%
Homes selling near asking
48 days
$342
48 homes sold
Click a property type to view its trends in the chart below:
All Property Types
(click to filter chart)2-Year Market Trends: All Property Types
(16 months)Negotiation & Cost Insights
Sold Above Asking
21%
65% sold below
Median Property Tax
$4,922/yr
Avg: $4,721
Home Size Range
1,051 – 2,269
sq ft
Price Spread
±$97,813
standard deviation
48
Homes sold (last 2 years)
0
Currently for sale
—
Months of Inventory (MOI)
—
Absorption Rate (30d)
0
New in February 2026
0 vs 0
Sold count (last 30 vs prior 30): 0.0%
Median price: $0 vs $0 (0.0%)
Elizabeth Park vs Lacombe
Elizabeth Park median sold price
$480,000
2 sold in last 90 days
Lacombe median sold price
$412,450
16 sold in last 30 days
Neighbourhood Guide: Elizabeth Park, Lacombe
Neighbourhood Overview
Elizabeth Park is a picturesque and highly sought-after residential neighbourhood in Lacombe, Alberta, defined by its natural surroundings and tranquil atmosphere. Built around the scenic Elizabeth Lake, the community offers a premium suburban experience. The local market commands a $542,250 median price, with roughly 0 active listings generally available, making it an exclusive enclave for families and professionals.
Location
Situated in the northern part of Lacombe, Elizabeth Park is conveniently located just off College Avenue. The neighbourhood sits north of the downtown core and adjacent to the College Heights area, providing easy access to Highway 2A for regional commuting while retaining a secluded, peaceful environment.
Housing Character
The dominant housing type in Elizabeth Park consists of premium, single-family detached homes on generously sized lots. Many properties were constructed from the early 2000s onward and feature modern designs, walkout basements, and high-end finishes. Properties here average $342 per square foot, leading to an $521,659 average sold price, reflecting the area's upscale, established character.
Schools & Education
The neighbourhood is served by the Lacombe public and Catholic school districts, with highly-rated institutions situated a short drive away. Notably, Burman University is located within walking distance just to the south, adding a vibrant educational presence. Younger students typically attend nearby local options such as Terrace Ridge School, Father Lacombe Catholic School, or École Secondaire Lacombe Composite High School.
Transit & Access
Elizabeth Park is primarily a car-dependent community, reflecting a typical suburban layout where most daily errands require a vehicle. Local public transit within Lacombe is limited, though specialized community transportation like the Connex operates for seniors and individuals with mobility needs. Regional bus services are available from central Lacombe for travel to Red Deer, Edmonton, and Calgary.
Shopping & Dining
While the neighbourhood itself is purely residential, residents are just a short drive from downtown Lacombe's charming local shops, bakeries, and cafes. Major grocery stores like the Lacombe Co-op, along with popular local destinations such as Blindman Brewing and various dining options along Highway 2A, are easily accessible within minutes.
Parks & Recreation
Recreation is a cornerstone of the Elizabeth Park experience, anchored by the beautiful Elizabeth Lake. The lake features a well-maintained loop trail complete with unique on-trail fitness equipment, making it a popular destination for walking, jogging, and birdwatching. Nearby Cranna Lake and Kuhnen Park offer additional trails and green spaces for outdoor enthusiasts.
Lifestyle & Community
Life in Elizabeth Park is quiet, family-oriented, and deeply connected to nature. Residents enjoy a relaxed pace of life with frequent opportunities for outdoor recreation right at their doorstep. The desirability of this peaceful community is reflected in a brisk 48 days on market, as homes are highly prized by those seeking a premium lifestyle in Central Alberta.
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Frequently Asked Questions
Website provided by Kelly Grant
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).
Listing information last updated on February 25, 2026 at 7:00 pm (America/Edmonton)
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