Morrisroe Extension, Red Deer - July 2026 Real Estate Report

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

If you've been watching the "For Sale" signs in Morrisroe Extension lately, here's the straight story. The market is moving, prices are shifting, and your city tax assessment is already out of date. Let's break down what's really going on - for houses and condos separately, because they are telling two very different stories.

The Vibe: Houses vs. Condos

For houses, we are sitting in interesting territory. The average HonestDoor Price for a house in our neighbourhood is $414,839 - up 2.11% from the previous period. That's a healthy nudge in the right direction. The predicted market value for houses lands at $406,880, which is actually climbing past the 3-month moving average of $401,973. Values are trending up, even if slowly.

That said, the most recent sale data shows the average sale price at $428,000, which is down 12% from last month. One sale closed at 99.56% of list price, meaning the buyer paid just a hair under asking. Listings are sitting at $429,900 on average right now, and homes are moving in about 14 days - faster than nearby Morrisroe, where properties average 16 days on market. We are selling quicker than our neighbours, and that matters.

• Average HonestDoor Price (Houses): $414,839 - up 2.11%
• Predicted Market Value: $406,880
• Average Sale Price: $428,000
• Average List Price: $429,900
• Price Per Square Foot: $378
• Average Days on Market: 14
• Sale-to-List Ratio: 99.56%
• Estimated Monthly Rent: $2,097 - rental yield of 5.80%
• Transactions in 2026: 32 - ranked 9th in all of Red Deer

On the neighbourhood leaderboard, houses in Morrisroe Extension rank 12 out of 80 neighbourhoods in Red Deer for growth rate. Top quarter. That is not a number to ignore. Days-on-market ranks 8 out of 34, meaning we move properties faster than most. Price rank sits at 32 out of 58, which puts us below average in price - and that actually works in our favour if you are buying in, because there is room to grow.

Condos are a different conversation. The average HonestDoor Price for a condo here is $2,678,645 - and yes, that number is unusually high compared to nearby neighbourhoods. It has dipped 4.71% from the previous period, and the predicted value of $2,810,943 is actually declining against the 3-month moving average of $2,883,327. The growth rank for condos is 66 out of 73 in Red Deer. That puts condo values here near the bottom of the local leaderboard right now. The rental yield on condos is 2.05%, which is moderate at best.

• Average HonestDoor Price (Condos): $2,678,645 - down 4.71%
• Predicted Market Value: $2,810,943
• Estimated Monthly Rent: $8,737 - rental yield of 2.05%
• Airbnb Potential: $418 per night - ranked 17th in Red Deer
• Growth Rank: 66 out of 73 in Red Deer

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now

Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know that house prices in Morrisroe Extension have moved 2.11% upward. It does not factor in what sold last month or what buyers are actually paying today.

The HonestDoor Price is updated in real time. It pulls in actual transaction data, current listing prices, and neighbourhood trends. For houses here, that means the difference between a stale government number and a live figure of $414,839 - one that reflects what a buyer would actually put on the table today. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number that tells you what is real. Your tax assessment is a rear-view mirror. The HonestDoor Price is the windshield.

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

If you own a house in Morrisroe Extension and you are thinking about listing this summer, the timing has some real upside - but also some things to watch.

The good news: homes here are selling in 14 days on average, faster than most nearby neighbourhoods. We ranked 9th in all of Red Deer for total transactions in 2026, which means buyer activity is real and consistent. A rental yield of 5.80% also means investors are paying attention to this area, which adds another pool of potential buyers to your market.

The thing to watch: that 12% month-over-month dip in average sale price is worth noting. One sale does not make a trend, but it does signal that buyers are negotiating. The 99.56% sale-to-list ratio means you are not leaving much on the table, but you are not getting over-asking either. Price it sharp and you will move it fast. Price it with wishful thinking and you will sit.

For condo owners, the picture is more cautious. Values are sliding against the 3-month trend, and the growth rank of 66 out of 73 means this is not the moment to expect a big premium. If you need to sell, price competitively. If you can wait, it may be worth watching the next few months of data before pulling the trigger.

Bottom line - check your HonestDoor Price before you do anything else. It takes 30 seconds and it will tell you more than any assessment notice in your mailbox ever could.

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.