Magrath Heights, Edmonton - July 2026 Real Estate Report

Magrath Heights Real Talk: Your Home Is Worth More Than the City Thinks

If you own a home in Magrath Heights and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The city's assessment is a snapshot from the past. The real world has moved on - and in this neighbourhood, it's moved up.

The Vibe: What's Actually Happening on Our Streets

Magrath Heights is one of Edmonton's pricier pockets - and the numbers back that up. With 1,015 properties assessed this year and 32 transactions already logged in 2026, there's real activity here. The neighbourhood is sitting at a 0.04% year-over-year growth rate, which is steady rather than flashy. Think of it as a market that knows its own value and doesn't need to shout about it.

Houses: Big Numbers, Real Demand

If you've been watching the "For Sale" signs in Magrath Heights, here's what's actually happening with houses right now.

• Average sale price: $1,096,424 - up 26.0% from last month
• Current listings averaging: $1,449,600
• Price per square foot: $598
• Homes are selling at 99.08% of list price - buyers are paying close to full ask
• Average days on market: 44 days
• Predicted market value: $919,970
• Estimated monthly rent: $3,917 with a rental yield of 4.88%
• Price rank in Edmonton: 23 out of 285 - we're in the top tier

Houses here are selling faster than in nearby Hodgson, where homes sit for 50 days on average. At 44 days, we're moving quicker - and that matters when you're deciding whether to list. The sale price jumping 26.0% in a single month is a big headline number. It reflects a strong run of higher-end sales coming through, not a sudden neighbourhood transformation. But it does signal that serious buyers are active and willing to pay.

One honest note: the growth rank for houses sits at 178 out of 302 neighbourhoods in Edmonton. That puts us in the below-average range for recent price momentum. Values have dipped 0.28% recently, and the predicted value of $919,970 is just slightly below the 3-month moving average of $921,024. The market is taking a breather on the growth side - but the price floor here is still very high.

Condos: Slow to Sell, But Gaining Ground

The condo story in Magrath Heights is a bit different - and worth paying attention to if you own one.

• Average sale price: $362,500
• Current listings averaging: $349,888
• Price per square foot: $309
• Properties sold at 97.17% of list price
• Average days on market: 170 days
• Predicted market value: $399,371 - up from the 3-month average of $389,666
• Estimated monthly rent: $2,030 with a rental yield of 4.02%
• Recent value change: up 1.62%
• Growth rank in Edmonton: 54 out of 296 - top performer territory

Here's the split personality of Magrath Heights condos: they're slow to sell (days-on-market rank of 92 out of 108 - near the bottom of the leaderboard for speed), but the value trajectory is genuinely strong. A growth rank of 54 out of 296 puts our condos among Edmonton's top performers for appreciation. The predicted value is climbing past the recent average, which tells us the floor is rising even if the sales pace is sluggish. Compared to condos in Hodgson, Mactaggart, and Terwillegar Towne, Magrath Heights condos are priced higher - and holding that premium.

The Secret Sauce: Your HonestDoor Price vs. That City Assessment

Here's the thing about your city assessment - it's a rearview mirror. It tells you what bureaucrats calculated your home was worth months ago, using a formula that doesn't account for what's actually selling on your block right now.

The HonestDoor Price is the real-world check. And right now, it's telling a different story than the city is.

• Average assessed value for houses: $908,169
• Average HonestDoor Price for houses: $936,066 - that's 3.07% higher, and up 1.75% from the previous period
• Average assessed value for condos: $388,911
• Average HonestDoor Price for condos: $402,668 - that's 3.54% higher, and up 0.83% from the previous period

That gap between the city's number and the HonestDoor Price isn't small change. On a house, we're talking roughly $28,000 in unrecognized value. On a condo, it's nearly $14,000. If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - using the city's assessment is like navigating with an old map. The HonestDoor Price updates in real time, pulling from actual transaction data. That's the number worth knowing.

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

If you're a homeowner in Magrath Heights weighing a summer sale, here's the straight talk.

For house sellers: the average sale price of $1,096,424 and a 99.08% sale-to-list ratio means buyers are serious and not lowballing. Homes are moving in 44 days - faster than neighbours in Hodgson. The listing average of $1,449,600 shows sellers are pricing with confidence. The market isn't sprinting on growth right now, but the price rank of 23 out of 285 Edmonton neighbourhoods means you're selling from a position of strength. Price it right and you'll find a buyer.

For condo sellers: patience is the word. A 170-day average on market is a real number - buyers take their time here. But your predicted value is rising, your growth rank is strong, and you're priced above comparable condos in every nearby neighbourhood. If you can hold through the summer, the trajectory is working in your favour. If you need to move quickly, price sharp from day one.

Either way, start with your HonestDoor Price - not the city's assessment. That's the number that reflects what a real buyer would actually pay today. And in Magrath Heights, that number is higher than the city is giving us credit for.

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.