Recently Sold Homes in Palisades, Penhold
See recently sold MLS® listings in Palisades. Browse sold prices and find out how much homes actually sell for.
Homes sold in the last 30 days
2
Typical sale price
$521,200
Average time to sell
65 days
Just sold in Palisades: stay updated with the newest MLS® sales as they close. We track newly sold homes daily so you never miss what's happening in your market.
See homes sold in the last 30 days, review sold history, and understand pricing trends. From bungalows sold to townhouse sold prices — get the complete Palisades picture with up to 2 years of recent sales.
Palisades Sold Data Overview
Over the past 2 years, 14 homes have sold in Palisades, Penhold, with a median sold price of $482K. Sale prices have ranged from $415K to $605K. The typical home sells in 42 days, suggesting buyers have time to negotiate. Homes are selling at 99.7% of their list price — very close to asking price. Median property taxes in the area run approximately $4,131 annually. The most common property types sold include Detached Single Family (14).
Recently Sold in Palisades
2 homes sold in the last 30 days. Showing 2 of 2 • Updated April 10, 2026 at 6:52 PM
View all 14 on the map
Create a free account to unlock the sold price, address, and sold date.
Unlock to see full address
Create a free account to unlock the sold price, address, and sold date.
Unlock to see full address
What's Happening in Palisades Real Estate
See how the market is performing — prices, how fast homes are selling, and whether buyers or sellers have the advantage.
$482,400
Avg: $488,107
Range: $415,000 – $605,000
99.7%
Homes selling near asking
81 days
$310
14 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
(13 months)Negotiation & Cost Insights
Sold Above Asking
7%
71% sold below
Median Property Tax
$4,131/yr
Avg: $3,934
Home Size Range
1,053 – 2,191
sq ft
Price Spread
±$49,205
standard deviation
14
Homes sold (last 2 years)
4
Currently for sale
2.0
Months of Inventory (MOI)
50.0%
Absorption Rate (30d)
0
New in April 2026
2 vs 1
Sold count (last 30 vs prior 30): +100.0%
Median price: $521,200 vs $519,900 (+0.3%)
How does Palisades compare to Penhold?
Palisades typical sale price
$521,200
2 sold in last 30 days
Penhold typical sale price
$506,450
4 sold in last 30 days
Neighbourhood Guide: Palisades, Penhold
Neighbourhood Overview
Palisades is a sought-after, premium residential community located in the town of Penhold, Central Alberta. Known for its strong community spirit and family-friendly atmosphere, the neighbourhood provides a peaceful, small-town setting while being incredibly convenient for commuters. With continuous new development and modern infrastructure, Palisades is an ideal location for those looking to upgrade their lifestyle without sacrificing access to urban amenities. The current market sees an $489,414 reflecting its premium positioning, and homes spend an 81 days that highlights steady demand.
Location
Situated in the northern part of Penhold, Palisades offers excellent regional connectivity. The town is located just 16 kilometres south of Red Deer, positioned near the junction of Highway 2A and Highway 42. This strategic location allows residents to enjoy a quiet, suburban environment while maintaining a brief, straightforward commute into Red Deer for work or major services.
Housing Character
The housing landscape in Palisades is dominated by modern, single-family detached homes, reflecting a premium real estate market. The architectural style heavily features contemporary two-storey builds with attached garages, open-concept living spaces, and high-end finishes. Much of the community consists of new construction and recent builds by local developers. Properties here are highly desirable, boasting a competitive 99.7% and an $488,107 that aligns with the premium nature of the neighbourhood.
Schools & Education
Families in Palisades benefit from convenient access to local education within the Chinook's Edge School Division. Older students attend Penhold Crossing Secondary School, which serves the community's junior and senior high needs. Additionally, educational infrastructure in the area is expanding, with a new Penhold Replacement School approved to further support the growing student population.
Transit & Access
As a smaller community, Palisades is primarily car-dependent. Residents rely on personal vehicles for daily commuting, taking advantage of immediate access to Highway 2A for quick trips north to Red Deer or south to Innisfail. The layout of the neighbourhood prioritizes safe, walkable streets for pedestrians and cyclists, though regional public transit options are limited.
Shopping & Dining
While Palisades itself is purely residential, residents have easy access to Penhold's local commercial offerings, including essential services, local eateries, and small shops. For major shopping, dining, and entertainment, the commercial hubs of South Red Deer and Gasoline Alley are just a short 10 to 15-minute drive away, providing extensive retail options and big-box stores.
Parks & Recreation
Outdoor living is a cornerstone of the Palisades experience, with the neighbourhood featuring beautiful walking paths and local playgrounds just steps from residents' doors. The wider Penhold community offers robust recreational facilities, including the Penhold Regional Multiplex, an indoor arena, a splash park, an 18-hole disc golf course, and a pump track. Nearby green spaces like Hawkridge Blvd Park provide additional trails for walking and running.
Lifestyle & Community
Life in Palisades is characterized by a relaxed, family-oriented pace balanced with active community engagement. Penhold hosts numerous local clubs and year-round events that foster a tight-knit environment. Residents enjoy a high quality of life with ample outdoor recreation and a strong sense of safety, making it a perfect retreat from the hustle and bustle of city living while keeping modern conveniences within easy reach.
Explore nearby neighbourhoods
Compare nearby sold markets around Palisades.
More neighbourhoods in Penhold
Browse recently sold homes by neighbourhood.
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 April 11, 2026 at 8:00 pm (America/Edmonton)
Sign up to see what homes actually sold for
Create a free account to see final sale prices, days on market, and price history for recently sold homes in Palisades.
- See final sold prices, not just asking prices
- Compare your home to recent sales nearby
- Track market trends in your neighbourhood