Magrath Heights, Edmonton - September 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 going off your city assessment, you're working with old news. Here's what the market is actually doing right now - and what it means for your wallet.

The Vibe: Houses vs. Condos

Houses - Taking a Breather, But Still Expensive

Let's be straight with each other. The house market in Magrath Heights is cooling off a bit. Only 2 homes sold recently, and they sat on the market for an average of 55 days before finding a buyer. Sellers are getting 97.44% of their asking price, which means buyers have a little room to negotiate. That's a buyers' market - not a crash, just a shift in who holds the cards.

• Average sale price: $1,081,500
• Average listing price this month: $1,208,888
• Price per square foot: $763
• Average days on market: 55
• Sale-to-list ratio: 97.44%
• Predicted market value: $931,798
• Estimated monthly rent: $3,954
• Rental yield: 4.86%
• Recent value change: -0.46%

On the neighbourhood leaderboard, Magrath Heights houses rank 26 out of 285 for price in Edmonton - meaning we're sitting in the top 10% for home values in the city. That's real. But for growth, we rank 188 out of 291, which puts us below average right now. The market here isn't racing ahead - it's holding its ground at a high price point.

Days-on-market rank is 53 out of 112, which puts us in the middle of the pack for how fast homes move. Not the fastest, not the slowest. If you're a buyer, you have time to think. If you're a seller, you need to price sharp.

Condos - A Different Story Entirely

Here's where things get interesting for us condo owners. The condo side of Magrath Heights is genuinely outperforming. One unit sold recently at $395,000 - up 11.3% from last month - and it only sat on the market for 14 days. That's fast. Buyers are paying 98.61% of list price, and the predicted market value is climbing past the 3-month average.

• Average sale price: $395,000 (up 11.3% from last month)
• Average listing price this month: $360,000
• Price per square foot: $68
• Average days on market: 14
• Sale-to-list ratio: 98.61%
• Predicted market value: $413,665
• Estimated monthly rent: $2,094
• Rental yield: 3.99%
• Recent value change: +2.73%

On the neighbourhood leaderboard, Magrath Heights condos rank 27 out of 302 for growth in Edmonton. That puts us in the top 10% of all Edmonton neighbourhoods for condo value momentum. Days-on-market rank is 9 out of 112 - meaning our condos sell faster than almost everyone else in the city. Price rank is 30 out of 216, so we're still among the most expensive condo options around. Compare that to nearby Hodgson ($298,766), Mactaggart ($287,787), or Terwillegar Towne ($257,278) - Magrath Heights condos are commanding a serious premium, and buyers are still showing up.

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

Your city assessment is a snapshot from the past. It's calculated on data that's already months old by the time it lands in your mailbox. The HonestDoor Price updates in real time, pulling from actual market activity - not a government formula that runs once a year.

Right now, the average HonestDoor Price for houses in Magrath Heights is $918,860. The average city assessment is $908,169. That's a $10,691 gap - and the HonestDoor Price is 1.18% higher than the assessed value. For condos, the gap is even wider. The HonestDoor Price sits at $408,955 against an assessed value of $393,911 - that's 5.15% higher. If you're making any financial decision based on your assessment alone, you're leaving real money on the table.

Think of the HonestDoor Price as the real-world check. It's what the market thinks your home is worth today - not what a spreadsheet calculated eight months ago.

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

Here's the honest take for anyone considering listing in Magrath Heights this summer.

If you own a house, the window is open but it's not wide. Homes are sitting for 55 days on average, and buyers are negotiating below list price. That doesn't mean you can't sell well - it means you need to price it right from day one. Overpricing in this market will cost you time, and time costs money. With a price rank of 26 out of 285 in Edmonton, you're in premium territory. Lean into that, but be realistic about where the market is heading. The -0.46% recent value change is a signal to move with purpose, not panic - but don't wait for the market to turn around on its own.

If you own a condo, the timing looks genuinely good. Values are up 2.73% recently, condos are selling in 14 days, and the predicted market value of $413,665 is climbing past the 3-month average. If you've been sitting on the fence, this summer could be your moment. Nearby neighbourhoods are all cheaper and some are growing faster - which means buyers who get priced out of Mactaggart or Hodgson condos aren't going to find a bargain here, but they're still coming.

Either way, pull your HonestDoor Price before you call an agent. Know your number. Then negotiate from a position of real information - not a piece of paper the city mailed you in January.

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.