Hilldowns, Spruce Grove - September 2026 Real Estate Report

Hilldowns, Spruce Grove: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your city assessment and feeling pretty good about it, hold on. The real numbers in Hilldowns are telling a more nuanced story - and depending on whether you own a house or a condo, that story is very different. Here's the straight goods.

The Vibe: Houses vs. Condos in Hilldowns

Let's split this up, because the two markets are moving in opposite directions right now.

Houses - Taking a Breather

Our houses are sitting at an average HonestDoor Price of $420,857, and that number has dipped 1.77% from the previous period. The predicted market value for a house sits at $428,420, which is actually sliding below the 3-month moving average of $434,048. That's the market telling us values are softening, not crashing, but softening.

• Average sale price: $465,500
• Current average list price: $469,000
• Price per square foot: $380
• Homes selling at 99.25% of list price - buyers are getting small wins at the negotiating table
• Average days on market: 15 days
• Rental yield: 5.77% - that's a strong return if you're thinking landlord
• Estimated monthly rent: $2,207
• Recent value change: -3.33%
• Neighbourhood growth rank: 16 out of 19 in Spruce Grove - we're near the bottom of the leaderboard right now

Fifteen days on market sounds fast, but our neighbours in Brookwood are moving homes in 13 days. That gap is small but worth watching. We're in a stable buyers' market, which means sellers need to be sharp on pricing. Overpricing right now will cost you time and leverage.

Condos - The Surprise Performer

Here's where it gets interesting. Condo values in Hilldowns are actually moving up. The average HonestDoor Price for condos is $172,131 - and that's an 8.65% increase from the previous period. The predicted market value of $158,431 is climbing above the 3-month moving average of $156,488. That's momentum, even if it's modest.

• Average sale price: $177,000
• Current average list price: $180,000
• Price per square foot: $200
• Condos selling at 98.33% of list price - buyers have a little room, but not much
• Average days on market: 61 days - this one is slow, the slowest in Spruce Grove for this category
• Rental yield: 4.35% - moderate, but still a positive cash flow story
• Estimated monthly rent: $871
• Recent value change: +0.09%
• Neighbourhood growth rank: 15 out of 17 in Spruce Grove
• Price rank: 10 out of 12 - among the most affordable condos in the city

The 61-day average on market is the number to watch here. Condos are sitting. If you own one and are thinking about selling, patience and smart pricing are your best tools. The value growth is encouraging, but buyer demand is not racing to catch up yet.

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

Your city assessment is a snapshot frozen in time - often based on data that's 12 to 18 months old by the time it lands in your mailbox. A lot can change in that window, and in Hilldowns right now, it has.

The HonestDoor Price is updated in real time using actual transaction data, current listing activity, and live market signals. For houses, it's showing a 1.77% dip that your old assessment won't reflect. For condos, it's showing an 8.65% jump that your assessment is almost certainly missing entirely.

If you're a condo owner, your city assessment is likely underselling your property's current value. If you own a house, the HonestDoor Price is giving you an honest warning that the peak may have passed for now. Either way, the assessment sitting on your kitchen counter is not the number you should be making decisions with. The HonestDoor Price is the real-world check.

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

Here's the honest take for Hilldowns homeowners heading into summer.

If you own a house and want to sell, the window is still workable - but it's not wide open. Values are down 3.33% recently and sitting near the bottom of the Spruce Grove growth leaderboard at 16 out of 19. Buyers are paying just under list price, which means they have options and they know it. Price your home right from day one. A sharp list price beats a price reduction every time.

If you own a condo, the value trend is actually in your favour right now with that 8.65% HonestDoor Price increase. The challenge is that condos are taking 61 days to sell - the longest in Spruce Grove. If you're selling, build that timeline into your plans and make sure your unit stands out. Buyers in this price range have choices.

For anyone considering holding and renting instead, the house rental yield of 5.77% is genuinely strong. At $2,207 per month in estimated rent, a Hilldowns house as a rental property is a conversation worth having with your accountant.

Bottom line - Hilldowns is not a market to panic about, but it's also not one to be passive in. Know your real number. Check your HonestDoor Price. Then make your move.

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.