Morrisroe, Red Deer - September 2026 Real Estate Report

Morrisroe, Red Deer: Your Neighbour Just Sold - Here Is What You Need To Know

If you have been watching the "For Sale" signs on your street and wondering what your place is actually worth right now, this is the update you have been waiting for. Morrisroe is a neighbourhood with two very different stories happening at the same time - one for house owners, one for condo owners. Let us break it down.

The Vibe: Houses vs. Condos in Morrisroe

Houses - Steady, But Taking a Breather

Our house market is holding its ground, but it is not sprinting. The average sale price sits at $380,000, with listings coming in at $384,500. Buyers are paying about 98.59% of list price, which means they are getting a small discount but not stealing anything. Properties are sitting for around 25 days on average - a bit longer than Anders Park next door at 18 days. That gap tells us buyers have a little more room to breathe here than they did a few months ago.

• Average sale price: $380,000
• Average list price this month: $384,500
• Price per square foot: $376
• Average days on market: 25
• Sale-to-list ratio: 98.59%
• Properties sold in 2026: 20
• Growth rank: 34 out of 78 neighbourhoods in Red Deer - above average
• Days-on-market rank: 13 out of 41 - moderately fast-selling

The predicted market value for houses is $527,962, which is climbing past the 3-month moving average of $522,741. That upward trend matters. Rental yield is sitting at 5.75% with an estimated rent of $2,321 per month - that is a strong number for anyone thinking about holding a property as an investment.

Condos - The Quiet Overachiever

Here is where things get interesting. Our condo market is punching above its weight. The HonestDoor Price for condos jumped 5.13% recently - that is real momentum. Only 1 condo sold last month, but it moved in 16 days, faster than Anders Park at 18 days. Buyers are not sleeping on these.

• Average sale price: $236,000
• Average list price this month: $249,000
• Price per square foot: $207
• Average days on market: 16
• Sale-to-list ratio: 94.78%
• Properties sold in 2026: 3
• Growth rank: 8 out of 71 neighbourhoods in Red Deer - top performer
• Days-on-market rank: 9 out of 28 - moderately fast-selling
• Price rank: 17 out of 38 - above average in Red Deer

A growth rank of 8 out of 71 is not a small deal. That puts Morrisroe condos near the top of the leaderboard across Red Deer. The predicted market value is $248,725 and it is trending up from the 3-month moving average of $248,669. Rental yield is 4.26% with estimated rent of $1,339 per month - moderate, but consistent.

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, sometimes longer. It does not know that condo values in Morrisroe just moved up 5.13%. It does not know that house predicted values are now sitting at $527,962 while the average sale is at $380,000. That gap is important information.

The HonestDoor Price is updated in real time using actual transaction data, current listings, and neighbourhood trends. For houses, the HonestDoor Price is $517,341. For condos, it is $261,483. These numbers reflect what is happening on your street right now - not what a government office calculated last year. If you are making any financial decision about your home - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the real-world check you need before you rely on a static assessment.

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

If you own a house in Morrisroe and you are thinking about listing this summer, the market is stable but not on fire. Buyers are negotiating small discounts and they have options. That does not mean it is a bad time to sell - 20 transactions in 2026 shows real activity. It means you need to price sharp from day one. A home sitting 25 days is not a disaster, but pricing it right at the start keeps you from chasing the market down.

If you own a condo, the story is better than most people realize. A top-10 growth rank out of 71 neighbourhoods, faster-than-average days on market, and a 5.13% price increase - that is a combination that gives sellers real leverage. If you have been waiting for a signal, this is a reasonable one.

Either way, the smartest first move is checking your HonestDoor Price today. It takes 30 seconds and it gives you a current number - not last year's guess. Your neighbour already knows what their place is worth. Do you?

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.