Magrath Heights, Edmonton - June 2026 Real Estate Report

Magrath Heights, Edmonton: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Magrath Heights and you're still quoting your city assessment to people at a backyard barbecue, it's time for an update. The numbers have moved - and the gap between what the city thinks your place is worth and what the market actually says is wider than you might expect.

The Vibe: What's Happening With Houses and Condos Right Now

Houses

We're sitting in a stable buyers' market here, but don't let that word "stable" put you to sleep. The average sale price for a house in Magrath Heights is $870,333, and homes are selling at about 97% of list price. That means buyers are getting a small discount, but sellers are still holding most of their ground. Properties are sitting on the market for an average of 37 days - which ranks us 36th out of 103 Edmonton neighbourhoods for speed. That's actually pretty solid. We're moving faster than most.

• Average sale price: $870,333
• Average list price this month: $1,089,350
• Price per square foot: $689
• Sale-to-list ratio: 97.08%
• Average days on market: 37
• Properties sold in 2026: 25 total transactions
• Predicted market value: $922,572
• Estimated monthly rent: $3,925
• Rental yield: 4.88%

On the leaderboard, our house price ranks 35th out of 286 Edmonton neighbourhoods. That puts us firmly among the most expensive areas in the city. Growth rate ranks 183rd out of 305 - below average, yes, but the predicted value is ticking up from the 3-month moving average of $919,314. The market isn't sprinting, but it's not sitting still either.

Condos

Our condo market tells a different story - and honestly, a more interesting one. Values have changed by 4.36% recently, which ranks 86th out of 295 Edmonton neighbourhoods. That puts us in above-average growth territory for condos. The predicted market value sits at $393,023, up from a 3-month moving average of $386,894. That's a real move in a short window.

• Average sale price: $362,500
• Average list price this month: $349,888
• Price per square foot: $309
• Sale-to-list ratio: 97.17%
• Average days on market: 170
• Predicted market value: $393,023
• Estimated monthly rent: $2,006
• Rental yield: 4.03%

The catch? Condos are sitting for 170 days on average, which ranks 97th out of 110 neighbourhoods for speed. That's slow. Buyers have options and they know it. The upside is that when condos do sell, they're actually going for slightly above list price on average - $362,500 sold versus $349,888 listed. That's a rare thing in any market. Price rank is 29th out of 223 Edmonton neighbourhoods, so we're still playing in premium territory.

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

Here's the thing about your city assessment - it's a snapshot from months ago, built on data that's already old by the time it lands in your mailbox. The market doesn't wait for paperwork.

For houses in Magrath Heights, the average city assessment sits at $908,169. The HonestDoor Price right now is $919,970. That's a $11,801 gap - and it's the real-world number, updated in real time. For condos, the city assessment averages $388,911 while the HonestDoor Price is $399,371 - a difference of over $10,000, and that HonestDoor Price has climbed 1.62% just in the recent period alone.

If you're making any decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the number to use. The assessment is what the city uses to calculate your tax bill. The HonestDoor Price is what a buyer would actually pay.

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

Let's be straight with each other. This is not a market where you slap a price on your home and get ten offers by Tuesday. But it's also not a market where you should panic.

For house sellers, the window is real. Predicted values are rising above the 3-month average, and at $689 per square foot, Magrath Heights is one of the pricier addresses in Edmonton. Pricing sharp - close to that 97% sale-to-list ratio - will move your property in roughly five weeks. Price it like it's 2022 and you'll be watching it sit.

For condo sellers, patience is the strategy. The 170-day average is a reality check, but the recent 4.36% value jump and a predicted price of $393,023 suggest the fundamentals are improving. If you can hold until late summer, the trend is working in your favour. If you need to move fast, price it to stand out - because buyers in this segment are comparing you against Hodgson, Mactaggart, and Terwillegar Towne, all of which are cheaper.

Bottom line - Magrath Heights is still one of Edmonton's premium addresses, ranked 14th in the city for average assessed value. The market is taking a breather, not falling apart. Check your HonestDoor Price, know your real number, and make your move with clear eyes.

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.