Morrisroe Extension, Red Deer - October 2026 Real Estate Report
Morrisroe Extension, Red Deer: What Your Neighbours Are Not Telling You About Home Values Right Now
The Vibe in Morrisroe Extension
If you have been watching the "For Sale" signs around Morrisroe Extension lately, here is what is actually happening. The market is a bit of a mixed bag right now - and that is not a bad thing if you know how to read it.
Houses: Fast Sales, But Prices Are Taking a Breather
Let us start with the good news. Houses here are moving fast. We are talking an average of 14 days on market - quicker than neighbouring Morrisroe at 16 days. That speed earns Morrisroe Extension a days-on-market rank of 5 out of 41 neighbourhoods in Red Deer. That is a top-tier number. Buyers are not sleeping on listings here.
The flip side? Prices have pulled back. The average sale price for houses this month sits at $359,875, which is down 34.1% from last month. That is a sharp single-month drop, and it tells us the market is cooling off after what was likely a strong run. Listings are averaging $304,900 right now, and homes are selling at 99.05% of list price - meaning buyers are getting a small discount, but sellers are still landing close to their asking price.
- Average house sale price: $359,875
- Average listing price: $304,900
- Price per square foot: $320
- Average days on market: 14
- Sale-to-list ratio: 99.05%
- Properties sold this month: 4
- Total 2026 transactions: 41 - ranked 8th in Red Deer for volume
The HonestDoor Price for houses lands at $403,192 - up a modest 0.11% from the previous period. The 3-month moving average is $411,737, and the predicted market value sits at $403,360. Values have shifted by -3.13% recently, which puts us at rank 39 out of 80 comparable neighbourhoods in Red Deer. That is above average on the neighbourhood leaderboard - not leading the pack, but holding solid ground. On price alone, we rank 27 out of 58 neighbourhoods, which is also above average.
For landlords or anyone thinking about renting out a house here, the rental yield is 5.81% with an estimated $2,082 per month in rent. That is a strong return by any measure.
Condos: A Different Story Entirely
The condo data in Morrisroe Extension is a bit of an outlier, and we want to be straight with you about that. The average HonestDoor Price for condos is $2,554,189 - a number that sits in a completely different league from the house market here. That figure has decreased 7.37% from the previous period, but the predicted market value of $2,757,388 is actually trending up against the 3-month moving average of $2,706,923.
There was only 1 condo transaction recorded in 2026, so we are working with a very thin slice of data. Take the condo numbers as directional, not definitive.
- Average condo HonestDoor Price: $2,554,189
- Predicted market value: $2,757,388
- Estimated monthly rent: $8,618
- Rental yield: 2.06%
- Recent value change: +2.71%
- Growth rank: 29 out of 72 neighbourhoods - above average in Red Deer
- Airbnb rank in Red Deer: 15th
The Secret Sauce: Why Your HonestDoor Price Matters More Than 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 just shifted by -3.13%. It does not know that your neighbour sold in 14 days. It is essentially a photo of a market that has already moved on.
The HonestDoor Price is updated in real time. It is pulling in actual transaction data - like those 41 sales recorded in 2026 - and adjusting as the market moves. For houses, that real-world number is $403,192. If you are making any decision about selling, refinancing, or even just figuring out if your insurance coverage still makes sense, that is the number you want in your hand, not a government figure that is already stale.
Think of the HonestDoor Price as the real-world check. Your assessment tells you what the city thinks your home was worth. HonestDoor tells you what a buyer would likely pay today.
The "So What?" - Thinking About Selling This Summer?
If you are a homeowner in Morrisroe Extension weighing a summer sale, here is the honest read. The market is not on fire, but it is not frozen either. Homes are selling fast - 14 days on average - and buyers are paying within a hair of asking price. That is a workable environment for a seller who prices smart.
The month-over-month price drop is worth watching. It suggests the peak of recent activity may have passed, and waiting too long could mean chasing a market that has already moved. Summer typically brings more buyers to the table, but more competition from other sellers too.
Compared to nearby neighbourhoods, Morrisroe Extension is priced more accessibly than Anders Park East ($569,448 average HonestDoor Price), Morrisroe ($520,694), and Deer Park Estates ($474,630). That relative affordability is actually a selling point - buyers priced out of those areas will look here next.
- Best case for sellers: Price sharp, move fast, and use the 14-day average as your benchmark.
- Best case for landlords: A 5.81% rental yield on houses is genuinely strong - holding makes sense if selling feels rushed.
- Best case for buyers: You have a little room to negotiate, and inventory is moving, so do not overthink it.
Bottom line - Morrisroe Extension is holding its own in Red Deer. It is not the flashiest market on the leaderboard, but it is consistent, it is active, and if you know your real numbers, you can make a smart move. Check your HonestDoor Price before you do anything else.
morrisroe extension | red deer | 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.