Magrath Heights, Edmonton - October 2026 Real Estate Report
Magrath Heights Real Talk: Your Home Is Worth More Than the City Thinks
If you live in Magrath Heights and you haven't checked your HonestDoor Price lately, here's the short version: the city's assessment is already behind. The average assessed value sits at $907,667, but the average HonestDoor Price is $914,500. That gap is money left on the table if you're making decisions based on old numbers.
The Vibe Right Now - Houses vs. Condos
We're seeing two pretty different stories playing out in our neighbourhood depending on what you own.
Houses: Big Numbers, But Take a Breath
The average sale price for houses hit $1,252,152 this month - up 15.8% from last month. That sounds incredible, but here's the reality check: only 5 homes sold, so one or two high-end sales can swing that number hard. Listings are averaging $1,140,000, and buyers are paying about 94% of list price. That means sellers are still negotiating down. Homes are sitting for an average of 53 days before selling, which is not a rush-and-grab market.
- Average sale price: $1,252,152 (up 15.8% from last month)
- Average list price: $1,140,000
- Price per square foot: $414
- Sale-to-list ratio: 94.19% - buyers are paying below ask
- Average days on market: 53
- Properties sold this month: 5
- Predicted market value: $918,241
- Rental yield: 4.88%
- Price rank in Edmonton: 20 out of 285 - we're in the top tier
The predicted market value of $918,241 is actually dipping slightly below the 3-month moving average of $928,255, and recent property value change is sitting at -1.39%. The market isn't crashing - it's taking a breather. On the neighbourhood leaderboard, houses in Magrath Heights rank 97 out of 285 for growth. That puts us in the above-average category, but not leading the pack.
Condos: Quiet but Fast
The condo side is a smaller story by volume - just 1 sale this month - but the speed is worth noting. That unit sold in an average of 14 days, which ranks us 9th out of 113 Edmonton neighbourhoods for how fast condos move. When a condo here hits the market priced right, it doesn't sit.
- Average sale price: $395,000
- Average list price: $360,000
- Price per square foot: $68
- Sale-to-list ratio: 98.61% - very close to full ask
- Average days on market: 14
- Predicted market value: $409,145
- Rental yield: 4.00%
- Price rank in Edmonton: 28 out of 218 - still among the most expensive
The predicted condo value of $409,145 is actually nudging up against the 3-month moving average of $408,656, which is a small but positive signal. On the leaderboard, condos rank 185 out of 297 for growth - below average compared to the city. But compared to nearby neighbourhoods like Hodgson, Mactaggart, and Terwillegar Towne, our condos are priced significantly higher. We're the premium option in this pocket of south Edmonton.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about your city assessment: it's a snapshot from months ago, built on a formula that doesn't know what sold on your street last week. The HonestDoor Price updates in real time using actual transaction data. For houses in Magrath Heights, that means a current read of $914,500 on average - sitting 0.75% above the city's assessed value. For condos, the gap is even wider. The average assessed value is $388,887, but the HonestDoor Price comes in at $403,964 - that's 3.88% higher than the city's number.
If you're refinancing, negotiating, or just trying to understand what your biggest asset is actually worth right now, the assessment is the wrong tool. Check your HonestDoor Price instead. It's the real-world number.
The So What - Thinking About Selling This Summer?
If you own a house in Magrath Heights and you're thinking about listing this summer, here's the honest picture. Prices are high - top 20 in all of Edmonton - but buyers are negotiating. You're not going to get full ask without a sharp list price and a well-presented home. With 53 days on market being the average, plan for a longer runway than you might expect. Price it right from day one rather than chasing the market down.
If you own a condo, the window looks tighter and faster. Condos here are moving in two weeks when priced well, and buyers are paying close to full list. With only 10 transactions recorded in 2026 so far, there isn't a lot of competition from other sellers. That's actually a good thing if you're the one listing.
Either way, start with your HonestDoor Price before you call an agent. Know your number before anyone else in the room does. With 1,016 properties assessed in Magrath Heights this year, there's plenty of data to work with - and HonestDoor is pulling all of it to give you a current, honest read on where you stand.
magrath heights | edmonton | october 2026This 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.