Millgrove, Spruce Grove - October 2026 Real Estate Report
Millgrove, Spruce Grove: Your Neighbour Just Got a Better Price Than You Think
If you own a home in Millgrove and you have not checked your property value lately, you might be leaving money on the table. The market here is moving, and the numbers tell an interesting story depending on whether you own a house or a condo.
The Vibe: Houses vs. Condos in Millgrove
Houses - Solid Ground With a Bit of a Breather
We saw 3 house sales this month, which is actually up 50% from last month. That said, the average sale price came in at $451,500, down 16.4% from the previous month. Before anyone panics, that kind of swing on low volume is normal - three sales can move the needle a lot. What matters more is that homes are selling at 99.06% of list price, meaning buyers are not getting big discounts. Sellers are holding firm.
- Average sale price: $451,500
- Average list price this month: $425,000
- Price per square foot: $368
- Average days on market: 22 days
- Sales volume: 3 properties sold, up 50% from last month
- Sale-to-list ratio: 99.06% - buyers paid close to full ask
- Estimated monthly rent: $2,334
- Rental yield: 5.73%
Houses in Millgrove rank 4 out of 18 neighbourhoods in Spruce Grove for growth. That puts us in the top quarter of the city. Days on market rank is 7 out of 17, meaning we are moving homes at a moderately fast pace. On price, we rank 5 out of 18 - above average for Spruce Grove. That is a strong leaderboard position across the board.
Condos - A Niche Market With Big Numbers
The condo picture in Millgrove is a bit unusual. We had 1 condo sale this month at $137,500, and that buyer paid 101.85% of list price - meaning they went over asking. That is a sellers' market signal. Condos here are also selling faster than nearby Sprucewoods Villa, which averaged 33 days versus 43 days there. Demand exists, even if the volume is thin.
- Average sale price: $137,500
- Average list price this month: $135,000
- Price per square foot: $114
- Average days on market: 33 days
- Sale-to-list ratio: 101.85% - buyers paid above list
- Estimated monthly rent: $6,327
- Rental yield: 1.96%
On the neighbourhood leaderboard, condo growth ranks 15 out of 17 in Spruce Grove right now. That is worth watching. The price rank is 12 out of 12, placing Millgrove condos among the most affordable in the city. For buyers, that is an entry point. For current owners, it is a reason to keep a close eye on where values go from here.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know what sold on your street last week. The HonestDoor Price is updated in real time using actual transaction data, which means it reflects what a buyer would actually pay today, not what the government guessed six months ago.
Right now, the average HonestDoor Price for a house in Millgrove is $498,066, up 1.12% from the previous period. The predicted market value sits at $492,537. Compare that to a static assessment and you can see why relying on old numbers is a gamble - especially if you are thinking about selling, refinancing, or just want to know where you actually stand.
For condo owners, the HonestDoor Price is $1,910,615, up 4.85%. That is a significant jump. If your tax assessment does not reflect that kind of movement, your understanding of your own net worth is off.
How Millgrove Stacks Up Against the Neighbours
We are not the cheapest option around, and that is actually a good thing. Every nearby neighbourhood comes in below Millgrove on the HonestDoor Price for houses.
- Woodhaven: $475,657 average HonestDoor Price - cheaper than Millgrove
- Aspenglen: $454,881 average HonestDoor Price - cheaper than Millgrove
- Sprucewoods Villa: $432,412 average HonestDoor Price - cheaper than Millgrove
Millgrove commands a premium. That premium needs to be backed up with accurate, current data - not a year-old assessment.
The So What: Thinking About Selling This Summer?
Here is the straight talk for anyone considering listing this summer.
For house owners, the fundamentals are working in your favour. Buyers are paying close to full list price. You are sitting in the top quarter of Spruce Grove neighbourhoods for growth. Homes are moving in about 22 days. The market is taking a bit of a breather on price month-over-month, but the underlying demand is there. If you price it right, you are not going to sit long.
There were 34 total property transactions in Millgrove in 2026 so far. That is real activity. Millgrove ranks 7th in Spruce Grove for total transaction volume and 10th for Airbnb potential. This is a neighbourhood people want to be in.
For condo owners, the picture is more nuanced. Values have dipped slightly against the 3-month average. Growth ranks near the bottom of the city right now. But the one condo that did sell went over asking, which tells you there is a motivated buyer out there when the right unit hits the market. Timing and pricing will matter more for condos than for houses right now.
Bottom line - check your HonestDoor Price before you do anything else. It takes two minutes and it gives you a real-world number to work from, not a government estimate that is already out of date. That is the starting point for any smart move you make this summer.
millgrove | spruce grove | 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.