Martindale, Calgary - August 2026 Real Estate Report

Martindale, Calgary: Your Home Is Probably Worth Less Than the City Thinks

If you have been watching the "For Sale" signs on your street and wondering what is actually going on, here is the straight answer. Martindale is a neighbourhood where the city's assessment and the real market are telling two very different stories right now - and the gap is costing homeowners real money if they are not paying attention.

The Vibe: Houses vs. Condos in Martindale

Let's break down what we are actually seeing on the ground for the two main property types here.

Houses - Taking a Breather

The house market in Martindale is cooling off. The average sale price sits at $483,917 this month, which is down 9.8% from last month. Only 6 houses sold, and they are sitting on the market for an average of 34 days before a deal gets done. Buyers are also negotiating - homes are selling at 96.06% of list price, meaning sellers are giving up roughly $19,000 on a $500,000 ask.

• Average sale price: $483,917
• Average list price: $503,800
• Price per square foot: $500
• Average days on market: 34
• Properties sold this month: 6
• Sale-to-list ratio: 96.06%
• Predicted market value: $515,134
• 3-month moving average: $520,499 (values are sliding)
• Rental yield: 5.61%
• Estimated monthly rent: $2,590

On the neighbourhood leaderboard, Martindale houses rank 158 out of 236 Calgary neighbourhoods for growth - that puts us in the below-average tier right now. The silver lining? We rank 32 out of 77 for days on market, so houses that are priced right are still moving at a moderately fast pace. And for buyers, we rank 189 out of 220 for price, meaning Martindale is one of the more affordable options in the city.

Condos - A Different Story

Condos in Martindale are actually holding up better than houses. The market here is stable, not sliding. One condo sold this month at $400,000, and it moved in just 14 days. That is fast. The sale-to-list ratio came in at 96.41%, which is consistent with the house market, but the stability in pricing is a meaningful difference.

• Average sale price: $400,000
• Average list price: $414,900
• Price per square foot: $348
• Average days on market: 14
• Predicted market value: $336,902
• 3-month moving average: $332,277 (values are ticking up)
• Rental yield: 4.13%
• Estimated monthly rent: $1,786

On the condo leaderboard, Martindale ranks 67 out of 216 Calgary neighbourhoods for growth - that is above average. We rank 11 out of 72 for days on market, which means condos here are among the fastest-selling in the city. For price, we sit at 57 out of 175, putting us above average. Condo owners here are in a stronger spot than the house numbers might suggest.

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

Here is the thing most Martindale homeowners do not realize. The city's assessed value for a house here averages $556,578. But the HonestDoor Price - which pulls from actual recent sales and live market data - puts that same house at $512,648. That is a gap of nearly $44,000, and the HonestDoor Price is 7.89% lower than the city average assessment.

For condos, the gap is even wider. The city says the average condo is worth $391,835. The HonestDoor Price says $337,738 - a difference of over $54,000, sitting 13.81% below the assessed value.

Why does this matter? Because the city's assessment is a snapshot from the past. It does not know that house prices in Martindale dropped 9.8% last month. It does not know that the 3-month moving average for houses is sliding from $520,499 toward $515,134. The HonestDoor Price is updated in real time, so it reflects what a buyer would actually write a cheque for today - not what the city decided months ago.

If you are making any financial decision - refinancing, selling, or just understanding your net worth - the HonestDoor Price is the number to use. The assessment is a tax document. The HonestDoor Price is a reality check.

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

If you own a house in Martindale and are thinking about listing this summer, here is the honest take. The market is soft right now. Prices are down, buyers have leverage, and homes are sitting for about 34 days. That does not mean you cannot sell - it means you need to price sharp from day one. Overpricing and chasing the market down is the worst move in a cooling environment.

The predicted value for a Martindale house is $515,134, but recent sales are closing closer to $483,917. List near the predicted value, expect negotiation, and budget for landing around 96% of your ask. With 142 total property transactions recorded in 2026 and 3,669 properties assessed this year, there is real activity here - just not at the prices the city's paperwork suggests.

If you own a condo, your timing is actually better. Condos are moving in 14 days and the predicted value of $336,902 is trending upward from the 3-month average. The rental yield of 4.13% also means investors are watching this segment. You have more options and more leverage than house sellers do right now.

Either way, the first step is checking your HonestDoor Price before you call an agent. Know your real number before anyone else does.

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.