Monaghan, Peterborough - September 2026 Real Estate Report

Monaghan, Peterborough: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your last property tax assessment and feeling pretty good about it, hold on. The market in Monaghan has shifted, and the number the city has on file for your home is probably not the number you'd get if you listed tomorrow. Here's the real picture.

The Vibe: What's Happening With Houses and Condos in Our Neighbourhood

Let's split this into two honest conversations, because houses and condos are telling very different stories right now.

Houses in Monaghan

The house market here is taking a breather. The average HonestDoor Price sits at $479,335, down 2.30% from the previous period. The predicted market value for houses is $490,609, which is nudging slightly below the 3-month moving average of $492,841. That's not a crash - it's a slow exhale.

• Average sale price: $400,000
• Average list price this month: $419,900
• Price per square foot: $544
• Sale-to-list ratio: 95.26% - buyers are paying below asking
• Average days on market: 38 days
• Rental yield: 5.65% - that's a strong return if you're thinking landlord
• Estimated monthly rent: $2,476
• Recent value change: up 1.10%

One thing worth flagging for us locals - houses here rank 2 out of 2 for days-on-market speed in Peterborough. That means we're in the slower lane right now. Buyers have time to think, which means sellers need to price sharp. The silver lining? On price rank, Monaghan houses sit at 1 out of 2 - above average for the city. We're not cheap, and that matters when you're at the negotiating table.

On the neighbourhood leaderboard, Monaghan houses rank 15 out of 24 for growth in Peterborough. Middle of the pack. Not leading the charge, but not falling behind either.

Compare that to our neighbours - Bonnerworth is sitting at $616,587, Kenner at $540,226, and Greenhill at $634,896. Monaghan is the more accessible entry point into this pocket of the city, which is actually a selling point if you're marketing to first-time buyers or investors watching their budget.

Condos in Monaghan

The condo numbers need a straight-up conversation. The average HonestDoor Price for condos is $416,254 - and it has dropped 24.45% from the previous period. That's a significant move, and anyone who owns a condo here should be paying attention.

• Average HonestDoor Price: $416,254 (down 24.45%)
• Predicted market value: $550,960
• 3-month moving average: $552,326 - values are drifting down
• Recent value change: -4.56%
• Estimated monthly rent: $2,578
• Rental yield: 3.78% - moderate, not spectacular
• Average rental estimate: $2,137
• Airbnb estimate: $106 per night

Here's the flip side though - on the neighbourhood growth leaderboard, Monaghan condos rank 9 out of 22 in Peterborough. That puts us in above-average territory for growth compared to the rest of the city. So while the recent price dip stings, the longer trajectory isn't a disaster. Nearby, Bonnerworth condos are averaging $869,768 and Kenner is at $627,165 - both significantly higher than us. Greenhill is the closest at $447,723. Monaghan condos are the budget option in a pricier neighbourhood cluster.

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 buyer behaviour shifted, that days on market stretched to 38 days, or that condo prices moved 24% in a single period. It's working with old film in a digital world.

The HonestDoor Price is updated in real time using actual sales data, current listing activity, and live market signals. For a house in Monaghan, that's $479,335 right now. For a condo, it's $416,254. Those numbers reflect what a real buyer would actually consider paying today - not what a government formula calculated last year.

If you're making any financial decision - refinancing, selling, buying out a partner, or just figuring out your net worth - use the HonestDoor Price as your real-world check. It's the number that moves with the market, not against it.

The "So What?" - Thinking About Selling This Summer?

If you're a house owner in Monaghan and you're thinking about listing this summer, here's the honest take. Buyers are paying about 95 cents on the dollar right now, and homes are sitting for over a month on average. That doesn't mean don't sell - it means price it right from day one. Overpricing in this market just burns time, and time is your enemy when days-on-market is already a weak spot for us.

For condo owners, the picture is more urgent. A 24.45% drop in the HonestDoor Price is a signal worth acting on. If you've been sitting on the fence, waiting to see if values bounce back, the 3-month moving average suggests the drift is continuing downward. Getting ahead of that trend is smarter than chasing it.

For anyone thinking about holding and renting instead - houses are the stronger play here. A 5.65% rental yield on a house is genuinely solid. Condos at 3.78% are workable, but not exciting. Run your numbers before you decide to hold.

Bottom line - Monaghan is a steady, accessible neighbourhood in a city where prices around us are running higher. That's a real advantage if you position it right. Know your actual number, price with purpose, and don't let a stale assessment be the thing that costs you money this summer.

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.