Mayfair, Saskatoon - October 2026 Real Estate Report
Mayfair Real Estate Right Now: What Your Neighbour Hasn't Told You Yet
If you own a home in Mayfair and you haven't checked your HonestDoor Price lately, now is the time. The market here is shifting - not crashing, but definitely taking a breather - and the gap between what the city thinks your place is worth and what buyers will actually pay is getting harder to ignore.
The Vibe: Houses vs. Condos in Mayfair
Let's break it down for us locals, because houses and condos are telling two very different stories right now.
Houses
The average sale price for a house in Mayfair is sitting at $380,000, which is essentially flat compared to last month. That sounds stable, but dig a little deeper and you'll see the HonestDoor Price is tracking at $287,293 - down 3.35% from the previous period. The predicted market value is $297,245, which is already slipping below the 3-month moving average of $302,368. That's the market quietly telling us that prices are easing, not surging.
Price per square foot is around $260. Only 1 house sold last month, so we're working with a thin market - one sale can swing the numbers. Take the averages as a direction, not a guarantee.
The good news for landlords and investors? The rental yield on houses is 5.98%, which is genuinely strong. At an estimated $1,578 per month in rent, Mayfair houses are pulling their weight as income properties.
- Average Sale Price: $380,000
- HonestDoor Price: $287,293 (down 3.35%)
- Predicted Market Value: $297,245
- Price Per Square Foot: $260
- Estimated Monthly Rent: $1,578
- Rental Yield: 5.98%
- Neighbourhood Growth Rank: 29 out of 78 in Saskatoon - above average
- Price Rank: 17 out of 22 - below average in price compared to similar Saskatoon neighbourhoods
On the neighbourhood leaderboard, Mayfair houses rank 29th out of 78 comparable Saskatoon neighbourhoods for growth. That puts us solidly in the upper half - not leading the pack, but ahead of most. For price, we rank 17th out of 22, which means Mayfair is one of the more affordable options in its peer group. That's actually a selling point if you're marketing to buyers who've been priced out elsewhere.
Condos
The condo picture needs a closer look. The HonestDoor Price for condos in Mayfair is $127,288 - and it's down 40.19% from the previous period. That's a big number. Before anyone panics, a drop that steep in a thin market often reflects a shift in which units are being assessed, not a freefall in actual value. Still, it's a signal worth paying attention to.
The predicted market value for condos comes in at $212,808, which is higher than the HonestDoor average and is also dipping below the 3-month moving average of $217,702. Rental yield sits at 4.31% - moderate, not spectacular - with an estimated $1,163 per month in rent.
- HonestDoor Price: $127,288 (down 40.19%)
- Predicted Market Value: $212,808
- Estimated Monthly Rent: $1,163
- Rental Yield: 4.31%
- Neighbourhood Growth Rank: 46 out of 70 in Saskatoon - below average
On the condo leaderboard, Mayfair ranks 46th out of 70 neighbourhoods for growth. That puts us in the lower half. If you own a condo here, this is not the moment to assume values are climbing on their own.
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 the past. It gets updated on a schedule, not in real time. By the time that number lands in your mailbox, the market has already moved.
The HonestDoor Price is updated continuously using actual sales data, market trends, and neighbourhood-level signals. Right now, with Mayfair house values shifting and condo prices showing real volatility, the gap between your assessment and your HonestDoor Price could be significant - in either direction.
If your assessment says one thing and your HonestDoor Price says another, you need to know which one is closer to reality before you make any decisions. Listing too high because you trusted an old assessment is one of the fastest ways to sit on the market through the summer.
So What Does This Mean If You're Thinking About Selling This Summer?
Straight talk: Mayfair is not a seller's market right now, but it's not a bad market either. Here's how to read it.
If you own a house, you have a growth rank working in your favour - top half of Saskatoon neighbourhoods. Buyers who've been watching pricier spots like Airport Business Area ($369,632 HonestDoor Price) or Hudson Bay Park ($366,172) may look at Mayfair as the smarter buy. That's your pitch. You're offering relative value in a neighbourhood that's holding its own on growth.
The key is pricing it right from day one. With only 1 sale recorded last month, there's not a lot of comparable data to anchor buyers. A price that's even slightly off will sit. Check your HonestDoor Price, compare it to the predicted market value of $297,245, and work from there - not from what your neighbour sold for two years ago.
If you own a condo, be realistic. The growth rank of 46 out of 70 and a declining predicted value mean the wind is not at your back right now. That doesn't mean you can't sell - it means you need to price competitively and make the income story work for you. A 4.31% rental yield is a real number you can put in front of an investor buyer.
Bottom line: summer 2025 in Mayfair rewards sellers who are honest about where values actually sit - not where they hope they sit. Pull your HonestDoor Price today and start there.
mayfair | saskatoon | 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.