Hilldowns, Spruce Grove - August 2026 Real Estate Report

Hilldowns, Spruce Grove: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Hilldowns and you haven't looked at your HonestDoor Price lately, now is the time. The market here is sending mixed signals - and the difference between what the city thinks your place is worth and what buyers are actually paying right now is a gap you need to know about.

The Vibe: What's Actually Happening on Our Streets

Houses - Strong Bones, Soft Pedal

We're in a buyers' market for houses right now, and the numbers back that up. The average sale price is sitting at $465,500, with listings averaging $469,000 this month. Buyers are landing deals at 99.25% of list price - so if you're pricing your home, expect a small negotiation. That's not a disaster, it's just the current reality.

• Average HonestDoor Price: $428,420
• Average sale price: $465,500
• Current listings average: $469,000
• Price per square foot: $380
• Average days on market: 15
• Sales last month: 1 (down 50% from the prior month)
• Predicted market value: $443,192
• 3-month moving average: $432,145 (values are climbing)
• Rental yield: 5.74%
• Estimated monthly rent: $2,271

Homes are sitting about 2 days longer than in nearby Brookwood (15 days vs. 13 days). That's not a crisis - call it a market taking a breather. But the growth story is genuinely good. House values in Hilldowns are up 2.94% recently, which puts us at rank 3 out of 19 neighbourhoods in Spruce Grove on the growth leaderboard. Top tier. That matters when you're deciding whether to hold or sell.

Condos - Affordable, Slow-Moving, and Worth Watching

The condo side of Hilldowns is a different story. We're among the most affordable condo markets in Spruce Grove, and that cuts both ways. If you're a buyer, the entry point is low. If you're a seller, you need patience.

• Average HonestDoor Price: $158,431
• Average sale price: $177,000
• Current listings average: $180,000
• Price per square foot: $200
• Average days on market: 61 days
• Sales last month: 1
• Predicted market value: $158,291
• 3-month moving average: $156,950 (values are edging up)
• Rental yield: 4.35%
• Estimated monthly rent: $870

Sixty-one days on market is a long time. Hilldowns condos rank 10 out of 11 for days-on-market speed in Spruce Grove - that's near the bottom of the pack. The silver lining? Values are up 3.63% recently, landing us at rank 5 out of 17 on the Spruce Grove condo growth leaderboard. So the asset is appreciating, it just takes longer to find the right buyer.

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

Here's the thing about your city assessment - it's a snapshot from months ago, calculated using broad formulas that don't know your renovated kitchen or your corner lot. It's a tax tool, not a selling tool.

The HonestDoor Price is updated in real time using actual transaction data from Hilldowns and the surrounding area. For houses, the HonestDoor Price is $428,420 right now - while the predicted market value based on current trends is $443,192 and climbing past a 3-month average of $432,145. That's a moving target, and your city assessment is not keeping up with it.

For condo owners, the gap is even more interesting. The HonestDoor Price sits at $158,431, but actual sales are closing at $177,000. If you're basing any financial decision - refinancing, selling, even just knowing your net worth - on an old government number, you're working with stale data. Check your HonestDoor Price. It's the real-world number.

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

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

The growth rank of 3 out of 19 in Spruce Grove is a legitimate selling point. Buyers doing their homework will see that Hilldowns is outperforming most of the city on value growth. Use that. Price it right - close to the $469,000 listing average - and expect buyers to come in just under. With only 1 sale recorded last month, inventory is thin, which can work in your favour if you're the only well-priced house on the street.

For condo sellers, the honest advice is this: price it competitively from day one. At $200 per square foot and a 61-day average sit time, overpricing will cost you weeks. The buyers are out there - Hilldowns condos had 9 transactions in 2026 already, ranking 2nd in all of Spruce Grove for condo volume. Demand exists. But those buyers know the market, and they know Hilldowns condos are among the most affordable in the city.

Bottom line - Hilldowns is a solid neighbourhood with real growth momentum on the house side and affordable entry points on the condo side. Know your current number, price with confidence, and don't let a year-old tax assessment be the thing that leaves money on the table.

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.