Magrath Heights, Edmonton - August 2026 Real Estate Report

Magrath Heights, Edmonton: Your Neighbour Just Got a Surprise on Their Assessment Notice

If you own a home in Magrath Heights and you haven't checked your HonestDoor Price lately, you're probably leaving real money on the table. The city's assessment is one number. What your property is actually worth right now is another. And in this neighbourhood, the gap between those two numbers is significant.

The Vibe: What's Happening on Our Streets Right Now

Houses - Taking a Breather, But Still Holding Value

Let's be straight with each other. The house market in Magrath Heights is cooling off. Only 2 homes sold this month, and the average sale price came in at $559,750 - down sharply from last month. Homes are sitting on the market for an average of 70 days, and buyers are paying about 99% of list price, meaning sellers are getting close to what they're asking, but not over it.

• Average sale price (this month): $559,750
• Average list price: $564,950
• Price per square foot: $331
• Average days on market: 70
• Sale-to-list ratio: 99.12%
• Properties sold this month: 2

Here's the thing though - the predicted market value for houses sits at $936,066, which is actually climbing above the 3-month moving average of $926,203. So while the monthly sales numbers look soft, the underlying value trend is pointing up. This market is catching its breath, not falling apart.

On the neighbourhood leaderboard, Magrath Heights houses rank 80 out of 292 Edmonton neighbourhoods for growth - solidly above average. For price, we sit at 34 out of 285, meaning we're among the most expensive addresses in the city. That's not a bad place to be.

Condos - Fast-Moving and Holding Their Ground

The condo story here is a different one. Only 1 condo sold this month, but it moved in just 14 days. That's faster than nearby Mactaggart, where condos are sitting for 17 days. When something sells that quickly, it tells you demand is real.

• Average sale price (this month): $355,000
• Average list price: $360,000
• Price per square foot: $281
• Average days on market: 14
• Sale-to-list ratio: 98.61%
• Properties sold this month: 1

The predicted market value for condos is $402,668, up from the 3-month moving average of $398,354. Values have moved 0.83% recently, and the HonestDoor Price for condos is up 2.73% from the previous period. On the days-on-market leaderboard, our condos rank 8 out of 111 Edmonton neighbourhoods - that's elite territory for speed of sale.

One honest note: our average condo sale price of $355,000 is slightly below what condos are fetching in nearby Hodgson ($368,500). Worth keeping an eye on if you're a condo owner thinking about timing your sale.

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

Your city assessment is a snapshot taken months ago using broad formulas. It doesn't know what your renovated kitchen looks like. It doesn't account for what sold two streets over last week. It's a tax tool, not a market tool.

Here's what the numbers actually show for Magrath Heights right now:

• House HonestDoor Price: $931,798 - that's 2.60% higher than the average city assessment of $908,169
• Condo HonestDoor Price: $413,665 - that's 6.36% higher than the average condo assessment of $388,911
• The condo HonestDoor Price is up 2.73% from the previous period

That gap between the assessment and the HonestDoor Price is real money. For a house, we're talking roughly $23,600 in value that the city's number simply doesn't capture. For condos, the gap is nearly $25,000. The HonestDoor Price updates in real time using actual market activity. Your assessment does not. If you're making any financial decision based on your property - refinancing, selling, or just knowing your net worth - the HonestDoor Price is the number to use.

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

Here's the honest read for Magrath Heights sellers heading into summer.

If you own a house, the market is softer than it was a few months ago. Fewer buyers are pulling the trigger, and homes are taking longer to sell. But our neighbourhood still ranks in the top 12% for price in all of Edmonton, and the underlying predicted value is trending up. If you price it right from day one, you can still get a strong result. Overpricing right now will cost you - buyers are paying below list, not above it.

If you own a condo, the window looks better. Condos here are moving fast - 14 days on average - and the HonestDoor Price is climbing. Compared to every nearby neighbourhood, Magrath Heights condos are the most expensive, and they're still selling. That's a good combination for a seller.

For both property types, rental income is worth knowing about. Houses are pulling an estimated $3,954 per month in rent, with a rental yield of 4.85%. Condos are generating an estimated $2,094 per month. If selling isn't the move this summer, holding and renting is a legitimate option with real returns.

Bottom line: Magrath Heights is one of Edmonton's premium addresses. The market is adjusting, not collapsing. Know your real number - check your HonestDoor Price - and make your move with accurate information, not a stale government estimate.

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.