Evergreen, Red Deer - August 2026 Real Estate Report

Evergreen, Red Deer: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs in Evergreen, here's what's actually happening. The market is steady - not on fire, not falling apart. Houses are selling, but buyers are taking their time, and sellers need to be realistic about pricing.

For houses, the average sale price is sitting at $564,400. Listings are coming in higher at $699,900, which tells you there's a gap between what sellers want and what buyers are paying. On average, homes are closing at 98.37% of list price - so buyers are getting a small discount, but not a massive one. The catch? Homes are sitting for an average of 144 days. That is a long time. Only 2 properties sold recently, and the pace hasn't changed much from last month. We are in a buyers' market here - calm, not chaotic.

• Average sale price: $564,400
• Average list price: $699,900
• Sale-to-list ratio: 98.37%
• Average days on market: 144
• Price per square foot: $346

The HonestDoor Price - The Number That Actually Matters

Here is the thing about your city assessment. It is a snapshot from months ago, built on old data, and it does not move with the market in real time. The HonestDoor Price does.

Right now, the average HonestDoor Price for a house in Evergreen is $614,047 - up 1.38% from the previous period. The predicted market value for houses specifically comes in at $605,660, which is already ticking up from the 3-month moving average of $604,202. These numbers are moving. Your tax assessment is not.

If you are making any decision about selling, refinancing, or even just figuring out where you stand financially, the HonestDoor Price is your real-world check. It is the number that reflects what a buyer would actually put on the table today - not what a government office calculated last year.

• Average HonestDoor Price: $614,047 (up 1.38%)
• Predicted market value (houses): $605,660
• 3-month moving average: $604,202
• Recent value change: 0.08%

The Neighborhood Leaderboard

Let's be straight with you. Evergreen ranks 61 out of 79 neighborhoods in Red Deer for growth. That puts us in the below-average tier when it comes to how fast values are climbing. On days-on-market, we rank 38 out of 39 - meaning homes here sell slower than almost everywhere else in the city.

But here is the flip side. On price, Evergreen ranks 10 out of 58 neighborhoods. We are among the most expensive in Red Deer. That is not a bad place to be if you already own here.

Compare us to the neighbors. Emerson nearby has a predicted value of $508,180 - about $97,000 less than Evergreen houses. Garden Heights comes in at $714,653 on the HonestDoor Price, so there is room above us too. Three Mile Bend Recreation Area is in a different league entirely at $1,503,471, but that is a unique market.

• Growth rank: 61 out of 79 (below average)
• Days-on-market rank: 38 out of 39 (very slow)
• Price rank: 10 out of 58 (among the most expensive)
• Emerson nearby HonestDoor Price: $524,220
• Garden Heights nearby HonestDoor Price: $714,653

The Rental Angle

If selling is not on your radar, the rental numbers are worth a look. The estimated rent for a house in Evergreen is $2,885 to $2,915 per month, with a rental yield of 5.43%. That is a strong return. For context, a 5%+ yield on a residential property in a mid-sized Alberta city is genuinely solid. If you are holding and not selling, you are not losing ground.

• Average rental estimate: $2,915 per month
• Rental yield: 5.43%
• Airbnb estimate: $144 per night (ranked 30th in Red Deer)

So What Does This Mean If You Want to Sell This Summer?

Honest answer - you can sell, but you need to go in with clear eyes. Buyers here are not in a rush. With 144 average days on market, overpricing your home is the fastest way to watch it sit. The gap between list prices ($699,900) and actual sale prices ($564,400) tells you that sellers who price too high are getting dragged back down anyway.

The smart move is to price close to your HonestDoor Price from day one. Homes priced right are still closing at 98.37% of list - that is nearly full price. Homes priced with wishful thinking are the ones collecting dust.

Check your HonestDoor Price before you call an agent. Know your real number. Then price with confidence, not hope.

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.