Monaghan, Peterborough - June 2026 Real Estate Report

Monaghan, Peterborough: Your Neighbour Just Asked "Should I Sell?" - Here's the Real Answer

The Vibe Right Now

If you live in Monaghan and you've been half-watching the market, here's the honest picture. This neighbourhood is holding its own - but it's not setting the world on fire either. Prices are steady, buyers are cautious, and the gap between what sellers want and what buyers pay is real. That's not a disaster. That's just the market telling us to be smart right now.

Houses: Steady, But Buyers Are in the Driver's Seat

The average sale price for a house in Monaghan is sitting at $400,000, with listings coming in around $419,900. Here's the number that matters most: homes are selling at 95.26% of list price. That means if you list at $420,000, expect to close closer to $400,000. Buyers know this, and they're using it.

• Average sale price: $400,000
• Average list price: $419,900
• Sale-to-list ratio: 95.26% - buyers are paying below ask
• Average days on market: 38 days
• Price per square foot: $544
• HonestDoor Price: $502,628 (down 0.46% from last period)
• Predicted market value: $504,960
• Rental yield: 5.63% - that's a strong return for landlords
• Estimated monthly rent: $2,539

Thirty-eight days on market is not fast. Monaghan houses rank 2 out of 2 for days-on-market speed in Peterborough - meaning we are the slowest-selling category tracked right now. That's worth knowing before you price too high and watch your listing go stale. The good news? On the neighbourhood growth leaderboard, Monaghan houses rank 7 out of 25 in Peterborough. Above average. Not the top, but solidly in the upper half.

One more thing for anyone eyeing this as a rental play - a 5.63% rental yield is genuinely strong. With estimated rent at $2,539 a month, the numbers work better here than in a lot of pricier Peterborough neighbourhoods.

Condos: The Surprise Performer

If houses are the steady story, condos are the interesting one. The HonestDoor Price for condos in Monaghan jumped 3.29% to $528,734. The predicted market value is $511,869 and it's trending upward against a 3-month average of $510,462. That's momentum, even if it's modest.

• HonestDoor Price: $528,734 (up 3.29%)
• Predicted market value: $511,869 - trending up
• 3-month moving average: $510,462
• Recent value change: 11.47%
• Estimated monthly rent: $2,431
• Rental yield: 3.84%
• Airbnb rank in Peterborough: 12 out of all neighbourhoods tracked

That 11.47% recent value change is the headline for condos. On the Peterborough neighbourhood growth leaderboard, Monaghan condos rank 5 out of 22. That puts us in the top quarter of the city for condo growth. Compare that to nearby Kenner where condo HD Prices are sitting at over $1,000,000 - Monaghan is still the affordable entry point with real upside.

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

Here's something most homeowners in Monaghan don't think about until it's too late. Your city tax assessment is a snapshot from the past. It doesn't update in real time, and it doesn't reflect what a buyer would actually pay for your home today.

The HonestDoor Price is different. It pulls from current market data and updates regularly. Right now, the HonestDoor Price for a house in Monaghan is $502,628 - and the predicted market value is $504,960. Your tax assessment could be thousands off in either direction. If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the real-world check you need, not a number the city calculated a year or two ago.

For condo owners, this is even more relevant. A 3.29% increase in the HonestDoor Price means your property is worth more than it was last period. Does your assessment reflect that? Almost certainly not yet.

So What? - The Summer Selling Reality Check

Thinking about listing this summer? Here's the straight talk.

For house sellers - price it right from day one. With a 95.26% sale-to-list ratio and 38 days average on market, overpricing is the fastest way to sit on your listing while buyers wait you out. The market here is stable, not hot. A well-priced home will sell. An overpriced one will just sit there and eventually sell for less anyway after a price cut - which signals weakness to every buyer watching.

For condo sellers - the timing looks better for you. Values are trending up, the growth rank is strong at 5 out of 22 in Peterborough, and you're still priced well below comparable units in Bonnerworth and Kenner. That affordability gap is your selling point. Use it.

For anyone not selling but thinking about the rental angle - a 5.63% yield on a house in Monaghan is hard to ignore. With average rent at $2,539 a month, this neighbourhood makes more sense as a long-term hold than a lot of the pricier spots nearby.

Bottom line - Monaghan is not a neighbourhood you panic about, and it's not one you get greedy about either. Know your real number, price it honestly, and you'll be fine.

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.