Morgan Heights, Surrey - August 2026 Real Estate Report

Morgan Heights, Surrey: Your Home Is Worth More Than the City Thinks

If you have been watching the "For Sale" signs in Morgan Heights and wondering what is actually going on with prices, here is the straight answer: this neighbourhood is holding its ground, and in some spots, quietly pulling ahead of the pack.

The Vibe: What Is Happening Right Now

Let's break it down by property type, because houses and condos are telling two different stories here.

Houses in Morgan Heights

We are sitting in a strong position. The average sale price for a house is $2,015,000, with a price per square foot around $806. That is real money, and it reflects what buyers are actually paying at the door - not what a spreadsheet says.

• HonestDoor Price (predicted market value): $1,464,543
• 3-month moving average: $1,462,106 - and we are trending up
• Recent value change: 0.38%
• Estimated monthly rent: $5,397
• Rental yield: 4.31%
• Growth rank: 9 out of 45 neighbourhoods in Surrey - top tier
• Price rank: 11 out of 45 in Surrey - well above average
• Properties sold in 2026: 11 transactions across the neighbourhood

That growth rank is worth pausing on. Out of 45 comparable neighbourhoods in Surrey, Morgan Heights houses rank 9th for value growth. That puts us in the top 20 percent on the Surrey leaderboard. Not bad for a neighbourhood that does not always make the headlines.

Condos in Morgan Heights

The condo story here is even more interesting. We are the most expensive condo market in our Surrey comparison group - ranked 1st out of 27 neighbourhoods on price. Let that sink in.

• HonestDoor Price (predicted market value): $979,193
• 3-month moving average: $971,026 - values are climbing
• Average sale price: $790,000
• Price per square foot: $561
• Recent value change: 1.56%
• Estimated monthly rent: $4,137
• Rental yield: 2.96%
• Growth rank: 8 out of 44 neighbourhoods in Surrey
• Price rank: 1 out of 27 condo markets in Surrey
• Airbnb rank in Surrey: 6th

A 1.56% recent value change on condos, ranked 8th for growth in all of Surrey - that is not a market taking a breather. That is a market with real momentum. And compared to nearby Rosemary Heights Business Park condos at $897,060, Morgan Heights is commanding a clear premium.

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 months ago, built on broad formulas. It does not know your renovated kitchen. It does not know what your neighbour's place just sold for. It is a starting point, not a finish line.

The HonestDoor Price is updated in real time using actual transaction data, current market signals, and neighbourhood-level trends. For Morgan Heights houses, the average HonestDoor Price is $1,466,813 - already 1.01% higher than the average city assessment of $1,452,148. That gap is money sitting on the table that the city has not officially recognized yet.

For condos, the HonestDoor Price of $982,204 has climbed 0.31% just since the last update. The city assessment has not caught up. That difference is your real-world equity position right now - not six months from now when the next assessment rolls out.

Think of the HonestDoor Price as the number a serious buyer would start negotiating from today. The assessment is what the city uses to calculate your tax bill. Those are two very different conversations.

The "So What?" - Should You Sell This Summer?

If you are a homeowner in Morgan Heights thinking about listing this summer, here is the honest read:

• House prices are averaging $2,015,000 on actual sales - that is your benchmark
• Your HonestDoor Price is already ahead of the city assessment and trending upward
• Morgan Heights sits in the top 20 percent of Surrey neighbourhoods for house value growth
• Condo owners hold the most expensive product in their Surrey comparison class
• 2,064 properties were assessed this year - there is a deep, active market here
• Neighbourhood growth is essentially flat at -0.06% year over year, but individual property values are moving up

The overall neighbourhood growth number looks flat, but do not let that fool you. Individual property values - especially for houses - are climbing, and the transaction data shows buyers are still writing cheques at strong prices. A flat growth rate with a top-10 ranking means Morgan Heights is outperforming most of its peers even while the broader market takes a breather.

If your plan is to sell, the window is open. Inventory is not overwhelming, buyers are active, and your HonestDoor Price gives you a credible, data-backed number to anchor your listing conversation - one that is already ahead of what the city has on file.

Check your personalized HonestDoor Price at HonestDoor.com before you call your agent. Know your number first.

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.