Monaghan, Peterborough - July 2026 Real Estate Report

Monaghan Real Estate Check-In: One Market, Two Very Different Stories

If you own property in Monaghan and you haven't looked at your numbers lately, now is the time to pay attention. Houses and condos here are moving in opposite directions - and knowing which side you're on could change what you do this summer.

The Vibe: Houses vs. Condos in Monaghan

Let's be straight with each other. Our house market is taking a breather right now.

• Average HonestDoor Price for houses: $485,285 - down 3.45% from last period
• Predicted market value: $502,628 - and it's drifting slightly below the 3-month average of $504,035
• One house sold last month at $400,000, which was 95.26% of the list price - buyers are negotiating, and winning
• Homes are sitting on the market for 38 days on average
• Price per square foot: $544
• Rental yield: 5.63% - that's actually a strong number for landlords
• Estimated rent: $2,525 per month

On the neighbourhood leaderboard, Monaghan houses rank 20 out of 25 for growth in Peterborough. That's below average, and we should be honest about it. Days on market ranks 2 out of 2 - meaning our houses are among the slowest sellers in the city right now. The one bright spot? Price rank sits at 1 out of 2, so we're holding value better than some comparable spots.

Condos are a completely different conversation. While houses cool off, our condo segment is quietly climbing.

• Average HonestDoor Price for condos: $577,285 - up 9.18% from last period
• Predicted market value: $528,734 - and it's rising above the 3-month average of $499,931
• Recent value change: up 3.29%
• Estimated rent: $2,509 per month, with a rental yield of 3.81%
• Airbnb estimate: $132 per night, ranking 11th in Peterborough for short-term rental potential

On the leaderboard, Monaghan condos rank 9 out of 22 for growth in Peterborough. That's above average. The momentum is real and the 3-month trend backs it up.

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know that condo values in Monaghan just jumped 9.18%. It doesn't know that house prices have softened 3.45%. It's working with old data, and in a market that's actively shifting, old data costs you money.

The HonestDoor Price is updated in real time. It reflects what buyers are actually paying right now, not what a government office estimated months or years ago. If you're a condo owner, your assessment is almost certainly lagging behind your real gain. If you own a house, you want to know exactly where you stand before you make any decisions - not find out at the open house.

Think of the HonestDoor Price as the number your savvy neighbour would tell you over the fence. The assessment is what gets mailed to you. There's a difference, and right now in Monaghan, that difference is significant.

The So What: Thinking About Selling This Summer?

If you own a house in Monaghan, go in with clear eyes. Buyers have leverage right now. The sale-to-list ratio is sitting at 95.26%, which means if you list at $420,000, expect offers closer to $400,000. Homes are taking over a month to sell. That doesn't mean you can't sell - it means you need to price it right from day one. An overpriced listing in this market just sits, and a listing that sits loses momentum fast.

If you own a condo, the wind is at your back. Values are up, the trend is moving in the right direction, and Monaghan condos are outperforming most of the city for growth. If you've been waiting for a good window, this is worth a serious look.

For anyone on the fence - house or condo - the first move is simple. Pull your HonestDoor Price today. Know your real number before you call an agent, before you set a list price, and before you assume your tax assessment tells the whole story. In Monaghan right now, it definitely doesn't.

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.