Morrisroe Extension, Red Deer - August 2026 Real Estate Report

Morrisroe Extension, Red Deer: Here's What Your Home Is Actually Worth Right Now

If you live in Morrisroe Extension and you're still going off your last city assessment, you're probably working with stale numbers. The market has moved. Here's the real picture.

The Vibe: What's Happening on Our Streets

Houses - Steady, Fast, and Holding Value

Houses in Morrisroe Extension are in a good spot right now. The average HonestDoor Price sits at $415,780, and the predicted market value is $415,453 - those two numbers being this close together tells us the market is honest and consistent. Values are up 2.11% recently, and the 3-month moving average has climbed from $409,205 to $415,453. That's quiet, steady momentum.

• Average sale price: $428,000
• Current average list price: $429,900
• Price per square foot: $378
• Homes selling at 99.56% of list price - buyers are close to full ask, but not over it
• Average days on market: 14 days
• 34 property transactions recorded in 2026

That 14-day average is a number worth paying attention to. Nearby Morrisroe is sitting at 16 days. We are moving faster. On the Red Deer leaderboard, our days-on-market ranks 5th out of 39 comparable neighbourhoods. That is top-tier speed. Our growth rate ranks 27th out of 79 - solidly above average. Price rank is 30th out of 58, which puts us in the mid-range for Red Deer, meaning there is still room to grow.

If you own a house here and you're renting it out - or thinking about it - the rental yield is 5.79% with an estimated $2,135 per month in rent. That is a strong return. Not many neighbourhoods in Red Deer can say that.

Condos - A Different Story Worth Knowing

We'll be straight with you on condos. The average HonestDoor Price is $2,684,736, and the predicted market value is $2,678,645. However, that value is trending down compared to the 3-month moving average of $2,790,273, and recent growth is sitting at -4.71%. On the Red Deer condo leaderboard, Morrisroe Extension ranks 44th out of 71 for growth - that puts us in the below-average tier right now.

• Predicted condo market value: $2,678,645
• 3-month moving average: $2,790,273 - values are pulling back
• Rental estimate: $8,432 per month
• Rental yield: 2.09% - moderate, not a slam dunk
• Airbnb potential: $418 per month - Airbnb rank in Red Deer is 15th

The condo segment here is taking a breather. If you own a condo in Morrisroe Extension, now is the time to keep a close eye on your HonestDoor Price rather than assuming values are holding.

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

Here is the thing about city assessments - they are a snapshot from months ago, sometimes longer. They do not know that houses in Morrisroe Extension are selling in 14 days. They do not know that the 3-month moving average for houses just climbed past $415,000. They are working with old data, and in a market that is actually moving, old data costs you money.

The HonestDoor Price is updated in real time. It pulls from actual transactions, current listing activity, and live market signals. For houses here, the HonestDoor Price of $415,780 and the predicted market value of $415,453 are nearly identical - that alignment tells us the model is tracking reality closely right now. For condo owners, the gap between the HonestDoor Price and the declining 3-month average is a signal you want to catch early, not after the fact.

Check your HonestDoor Price today. It is the number that reflects what a buyer would actually pay - not what the city guessed six months ago.

The So What - Thinking About Selling This Summer?

If you own a house in Morrisroe Extension and you have been sitting on the fence, the conditions are genuinely decent right now. Homes are selling fast - 14 days on average. Buyers are paying 99.56% of list price, which means well-priced homes are not getting lowballed. The market is stable, not overheated, which actually works in a seller's favour because buyers feel confident enough to commit.

Compared to neighbours like Anders Park East ($581,288) and Morrisroe ($527,962), we are priced more accessibly. That is not a weakness - it is a draw for buyers who are being priced out of those streets. We are the smart buy next door.

For condo owners, the honest advice is to move with more caution. Values are softening and the rental yield at 2.09% is not going to attract investors the way the house market does. If selling is on your radar, sooner is probably better than waiting to see if the trend reverses.

Bottom line - Morrisroe Extension is a solid, mid-range neighbourhood with fast-moving houses and a rental market that actually pencils out. Know your number, price it right, and you will not be sitting on the market long.

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.