Connaught, Medicine Hat - July 2026 Real Estate Report

Connaught Is Holding Its Ground - But the Numbers Tell Two Very Different Stories

If you own a home in Connaught, Medicine Hat, you've probably wondered whether your place is worth more or less than what the city says. The short answer: it's complicated - and it depends a lot on whether you're in a house or a condo. Here's the real breakdown.

The Vibe: Houses vs. Condos in Connaught

We're seeing two markets running side by side in our neighbourhood right now, and they're behaving very differently.

Houses - Strong Prices, But Patience Required

• Average HonestDoor Price: $545,164 - up 2.31% from the previous period
• Average sale price this month: $433,333 - up 12.8% from last month
• Current listings averaging: $510,000
• Price per square foot: $356
• Homes are selling at 96.08% of list price - buyers are negotiating, not overpaying
• Average days on market: 109 days - ranked last (14 out of 14) in Medicine Hat for speed
• Predicted market value: $532,877
• Rental yield: 5.60% - that's a strong return if you're thinking income property
• Growth rate ranks 5 out of 18 neighbourhoods in Medicine Hat - solidly above average

The honest picture for houses? Prices are up, which is great news for us as owners. But 109 days on market is a real number - buyers in Connaught are taking their time. If you list a house here, price it right from day one. Sitting on the market too long gives buyers leverage, and that 96% sale-to-list ratio tells you they're already using it.

Condos - Fast Sales, Premium Prices

• Average HonestDoor Price: $333,350 - up 2.07% from the previous period
• Average sale price: $400,000
• Current listings averaging: $429,000
• Price per square foot: $348
• Condos selling at 93.24% of list price
• Average days on market: 6 days - ranked 2 out of 11 in Medicine Hat for speed
• Predicted market value: $326,576
• Rental yield: 4.13% - moderate but steady
• Growth rate ranks 6 out of 17 neighbourhoods - above average
• Price rank: 2 out of 15 - among the most expensive condos in Medicine Hat

Condos in Connaught are a different story entirely. Six days on market is fast - faster than nearby South East Hill at 8 days. If a condo hits the MLS here, it moves. We're also sitting near the top of the Medicine Hat price leaderboard for condos, which means buyers are choosing Connaught specifically. That's a real signal of demand.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about city assessments - they're a snapshot from months ago, sometimes longer. They don't know that house prices in Connaught jumped 12.8% last month, or that condo values have shifted recently. They're working with old data.

The HonestDoor Price is updated in real time, pulling from actual transaction data and current market signals. For houses, that's $545,164. For condos, it's $333,350. These aren't guesses - they're live estimates built from what's actually selling around us right now.

Why does this matter for your wallet? If you're using your tax assessment to decide whether to sell, refinance, or even just understand your net worth, you could be working with a number that's off by tens of thousands of dollars. Check your HonestDoor Price first. It's the real-world check that your assessment simply can't be.

The 'So What?' - Thinking About Selling This Summer?

If you own a house in Connaught and you're thinking about listing this summer, here's the straight talk.

The good news: your home's value is up, rental demand is strong, and Connaught ranks above average in growth across Medicine Hat. Compared to nearby Crestwood-Norwood ($375,276) and South East Hill ($364,840), we're priced higher - and buyers know it.

The reality check: houses here are sitting for 109 days on average. That's the longest in Medicine Hat right now. Summer might bring more foot traffic, but pricing aggressively from the start is the move. Buyers are paying about 4% below list price - so if you list at $550,000 hoping to land $545,000, the math is already working against you.

If you own a condo, the summer outlook is genuinely good. Six-day average sales, strong demand, and a top-two price ranking in the city. A well-priced condo in Connaught this summer should move fast.

Either way - before you call an agent, pull your HonestDoor Price. Know your number. Then have the conversation.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.