Downey, Peterborough - September 2026 Real Estate Report

Downey, Peterborough: Your Home Is Worth More Than Your Tax Bill Says

The Vibe Right Now

If you live on a quiet street in Downey and you have been wondering whether the market has shifted, the honest answer is: yes, a little. Values are taking a breather. But the story is different depending on what you own - and that difference matters a lot if you are thinking about making a move this summer.

Houses in Downey - Steady, But Watch the Trend

The average HonestDoor Price for a house in Downey sits at $609,029. That is down a modest 0.59% from the previous period - nothing dramatic, but it is a signal worth paying attention to. The 3-month moving average is $620,132, and the predicted market value is $612,635. In plain language, prices are drifting slightly below where they were a few months ago.

On the neighbourhood leaderboard, Downey houses rank 19 out of 24 for growth in Peterborough. That puts us in the below-average tier right now. It is not a red flag, but it does mean we are not leading the pack either.

• Average HonestDoor Price: $609,029
• Predicted Market Value: $612,635
• 3-Month Moving Average: $620,132
• Average Rental Estimate: $2,967 per month
• Rental Yield: 5.42% - that is a strong return
• Airbnb Estimate: $147 per night
• Airbnb Rank in Peterborough: 16
• Growth Rank: 19 out of 24 in Peterborough

The bright spot? If you are a landlord or thinking about becoming one, a 5.42% rental yield on a house is genuinely solid. At $2,967 a month in estimated rent, the numbers work better here than in a lot of Peterborough neighbourhoods.

How does Downey stack up against the neighbours? Edmison Heights is slightly pricier at $619,769. Sunset comes in cheaper at $561,013. Highland is cheaper still at $507,859. Downey sits comfortably in the middle of that range.

Condos in Downey - A Bigger Dip, But a Better Growth Rank

Here is where it gets interesting. Condo values have dropped more noticeably - down 5.99% from the previous period, with an average HonestDoor Price of $533,376. The predicted market value is $567,374, down from a 3-month moving average of $586,357. That is a real shift, and sellers should factor it in.

But flip the coin over: on the neighbourhood growth leaderboard, Downey condos rank 6 out of 22 in Peterborough. That puts us in the above-average tier. So while prices have pulled back recently, the underlying growth position is actually better than most of the city. That is a mixed signal worth understanding before you make any decisions.

• Average HonestDoor Price: $533,376
• Predicted Market Value: $567,374
• 3-Month Moving Average: $586,357
• Average Rental Estimate: $2,672 per month
• Rental Yield: 3.71% - moderate returns
• Airbnb Estimate: $133 per night
• Airbnb Rank in Peterborough: 11
• Growth Rank: 6 out of 22 in Peterborough

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

Here is the thing about your city tax assessment: it is a snapshot from the past. It does not know what happened to condo prices in the last quarter. It does not know that house values in Downey have drifted below the 3-month average. It is basically a photograph of a market that no longer exists.

The HonestDoor Price is updated in real time. It is pulling in current sales data, current trends, and current comparables - not numbers from a year or two ago. If you are a Downey homeowner, checking your HonestDoor Price right now gives you a real-world number you can actually use. Whether you are refinancing, thinking about selling, or just curious what your place is worth today, the assessment on your tax bill is not going to tell you the truth. The HonestDoor Price will.

The So What - Thinking About Selling This Summer?

If you own a house in Downey and you are eyeing a summer sale, the window is not closed - but the market is not doing you any favours by waiting. Values are trending slightly below the 3-month average right now. Getting your HonestDoor Price today gives you a realistic anchor for your listing conversation with an agent, rather than anchoring to an outdated assessment that could set the wrong expectations.

If you own a condo, the recent price drop of nearly 6% is the headline you need to sit with. That said, the above-average growth rank of 6 out of 22 suggests Downey condos have some longer-term momentum behind them. If you can hold, there is a case for patience. If you need to sell this summer, price it sharp and price it accurately - and your HonestDoor Price is the best starting point we have.

Bottom line: Downey is a solid neighbourhood in a market that is recalibrating. Know your real number, not your tax bill number, and you will be in a much better position than most of your neighbours heading into the summer selling season.

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.