Monaghan, Peterborough - August 2026 Real Estate Report

Monaghan, Peterborough: What Your Neighbours Are Not Telling You About Home Values Right Now

If you live in Monaghan and you have not checked your property value lately, here is the honest truth - the market is sending mixed signals depending on what you own. Houses and condos are telling two very different stories right now, and which one applies to you could change what you do next.

The Vibe: Houses vs. Condos in Monaghan

Let us start with houses. The average HonestDoor Price for a house in Monaghan sits at $490,609, up a modest 1.10% from the previous period. That is a small but real gain. The predicted market value is $485,285, though that number is sliding - it is down from a 3-month moving average of $497,624, and values have dipped 3.45% recently. So while we are not in freefall, the trend is worth watching.

On the sales side, the one house that sold went for $400,000, which was 95.26% of its list price. Buyers are negotiating here. Properties are sitting for an average of 38 days before selling. That is not a panic number, but it is not a hot market either. We are in stable buyers' market territory for houses right now.

• Average HonestDoor Price (Houses): $490,609 - up 1.10%
• Average sale price: $400,000
• Average list price this month: $419,900
• Price per square foot: $544
• Sale-to-list ratio: 95.26% - buyers paid below asking
• Average days on market: 38
• Rental yield: 5.66% - that is a strong return for landlords
• Estimated monthly rent: $2,454
• Neighbourhood leaderboard - Growth rank: 16 out of 25 in Peterborough

Condos are a different story. The HonestDoor Price for a condo in Monaghan is $550,960, which has dropped 4.56% from the previous period. That sounds rough, but here is the flip side - the predicted market value is $577,285, and that number is climbing above the 3-month moving average of $539,296. Recent value change is up 9.18%. The condo market here is recovering, and it is doing it quietly.

• Average HonestDoor Price (Condos): $550,960 - down 4.56% from prior period
• Predicted market value: $577,285 - trending upward
• 3-month moving average: $539,296
• Recent value change: up 9.18%
• Estimated monthly rent: $2,666
• Rental yield: 3.75% - moderate but steady
• Neighbourhood leaderboard - Growth rank: 5 out of 22 in Peterborough - above average

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 the past. It does not know that condo values in Monaghan just jumped 9.18%, and it definitely does not know that house values are softening against a 3-month trend. Your tax assessment is basically a year-old photo of a market that has moved on.

The HonestDoor Price is updated in real time. It is pulling from actual sales, current listing data, and live market signals. For house owners in Monaghan, that means knowing your value is closer to $490,609 - not whatever number the city stamped on your file last year. For condo owners, the gap between the HonestDoor Price and the predicted market value of $577,285 tells you the market sees more upside than the raw number suggests. That is the kind of intel that helps you make a real decision, not a guess.

Compared to nearby neighbourhoods, Monaghan houses are priced below Bonnerworth ($626,368), Kenner ($548,452), and Greenhill ($637,927). For condos, Monaghan at $550,960 is actually more affordable than Bonnerworth ($815,189) and Kenner ($1,109,932). That relative value is something a static assessment will never show you.

The So What: Should You Sell in Monaghan This Summer?

If you own a house in Monaghan and you are thinking about selling, the window is open but it is not wide. Buyers are negotiating - that 95.26% sale-to-list ratio means you should price sharp from day one. Homes sitting 38 days are not generating bidding wars. List at the right number and you move. Overprice and you wait.

The growth rank of 16 out of 25 in Peterborough tells us we are not leading the pack. Nearby neighbourhoods like Greenhill and Bonnerworth are priced higher, which means buyers who get priced out there may look our way. That is a real opportunity if you position correctly.

If you own a condo, the picture is more encouraging. A growth rank of 5 out of 22 in Peterborough puts Monaghan condos in the top tier right now. Values are trending up, the predicted market value is ahead of the 3-month average, and the Airbnb rank of 11 in Peterborough means short-term rental income is a legitimate option at roughly $128 per night. If you are not selling, holding a condo here looks like a reasonable play.

Bottom line - check your HonestDoor Price before you make any move. The market is not standing still, and neither should you.

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.