Monaghan, Peterborough - October 2026 Real Estate Report
Monaghan, Peterborough: Prices Are Sliding - Here Is What Every Homeowner Needs to Know Right Now
If you own a home in Monaghan and you have not checked your property value lately, this is your nudge. The market here is taking a breather, and the gap between what the city thinks your home is worth and what buyers will actually pay is getting harder to ignore.
The Vibe: Houses vs. Condos in Monaghan
Let us break down what is actually happening on our streets right now, because houses and condos are telling two very different stories.
Houses
If you have been watching the "For Sale" signs in Monaghan, here is what is actually happening. The average sale price for a house sits at $400,000, and listings are coming in around $419,900. That gap matters - buyers are paying about 95 cents for every dollar of asking price. That is a buyers market, plain and simple.
- HonestDoor Price (average): $470,651 - down 1.82% from last period
- Predicted market value: $479,388
- 3-month moving average: $485,144 (values are trending down)
- Average sale price: $400,000
- Average list price: $419,900
- Price per square foot: $544
- Sale-to-list ratio: 95.26% - buyers are winning negotiations
- Average days on market: 38 days
- Rental estimate: $2,391 per month
- Rental yield: 5.68% - that is a strong return for investors
Homes here are sitting for 38 days on average. On the Peterborough leaderboard, Monaghan houses rank 2 out of 2 for days on market - meaning we are among the slowest-selling properties in the city right now. For growth, we rank 19 out of 24 neighbourhoods. Not a flattering spot on that leaderboard. The one bright note - price rank is 1 out of 2, so we are holding above-average value compared to similar Peterborough neighbourhoods.
Condos
The condo picture is rougher. Values have dropped 24.39% recently, and the HonestDoor Price has fallen 11.11% from the previous period. The 3-month moving average for condos was $514,499 - the predicted value today is $416,229. That is a significant slide in a short window.
- HonestDoor Price (average): $369,978 - down 11.11% from last period
- Predicted market value: $416,229
- 3-month moving average: $514,499 (a steep drop)
- Rental estimate: $1,910 per month
- Rental yield: 3.99% - moderate, but not exciting
- Airbnb estimate: $95 per night
- Growth rank: 20 out of 22 in Peterborough - bottom of the pack
On the neighbourhood leaderboard, Monaghan condos sit at 20 out of 22 for growth in Peterborough. That is a number condo owners need to take seriously, especially if a sale is on the horizon.
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 Monaghan house values have dropped 2.30% recently. It does not know that condo values have slid 24.39%. The government assessment is essentially a history book, and right now history is not matching reality.
The HonestDoor Price is updated in real time using actual market data. For houses, that number is $470,651. For condos, it is $369,978. These figures move with the market - up or down - so you always know where you actually stand, not where you stood two years ago.
If you are a condo owner in Monaghan, your tax assessment could be significantly overstating your current value. That has real implications for how you price, how you negotiate, and how you plan your next move.
The So What - Should You Sell in Monaghan This Summer?
Straight talk: this is not the easiest market to sell into right now, but it is not hopeless either.
For house sellers - you have more cushion. The HonestDoor Price of $470,651 is sitting above recent sale prices, which means there is still perceived value here. But with homes taking 38 days to sell and buyers paying below asking, you need to price sharp from day one. Overpricing will cost you time, and time in this market costs you money.
For condo sellers - the urgency is higher. A 24.39% recent drop in values is a signal, not a blip. If you are thinking about selling, waiting for a rebound that may not come quickly is a risk. The rental yield of 3.99% is moderate, so holding as a rental is an option, but it is not a slam dunk.
One thing worth noting for investors - houses in Monaghan are throwing off a 5.68% rental yield at an estimated $2,391 per month. In a market where prices are softer, that yield becomes more attractive for buyers who are running the numbers.
Bottom line: check your HonestDoor Price today, not next year. The market is moving faster than any assessment cycle, and knowing your real number is the first step to making a smart call this summer.
monaghan | peterborough | 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.