Old Town, Airdrie - August 2026 Real Estate Report

Old Town, Airdrie: Here's What Your Home Is Actually Worth Right Now

If you live in Old Town 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, broken down so you can actually use it.

The Vibe: What's Happening on Our Streets

Old Town is in a steady, no-drama phase right now. We're not in a frenzy, and we're not in a freefall. Think of it as the market catching its breath after a busy run. Here's how houses and condos are each telling a slightly different story.

Houses in Old Town

If you've been watching the "For Sale" signs around Old Town, here's what's actually happening with houses. The average sale price is sitting at $562,500, and homes are listing around $575,000. Buyers are paying about 97.4% of list price - so yes, there's a little wiggle room to negotiate, but sellers aren't giving things away.

• Average HonestDoor Price: $532,989 (up 1.88% from last period)
• Average sale price: $562,500
• Current average list price: $575,000
• Price per square foot: $434
• Average days on market: 40 days
• Sale-to-list ratio: 97.39%
• Estimated monthly rent: $2,620 - $2,660
• Rental yield: 5.59%
• Neighbourhood growth rank: 27 out of 48 in Airdrie

Forty days on market is worth paying attention to. That's not a hot-seller situation. Homes are moving, but buyers are taking their time. The predicted market value of $523,159 is also dipping below the 3-month moving average of $531,295, which tells us prices have softened slightly in the short term. For rental investors, though, a 5.59% yield is genuinely solid - that's not a number to ignore.

Condos in Old Town

The condo side of Old Town is a different animal right now, and we should be honest about it. Values have slipped 6.41% recently, and the growth rank of 35 out of 40 puts condos near the bottom of the Airdrie leaderboard. That said, condos are moving fast - an average of just 14 days on market, ranking 4th out of 19 neighbourhoods for speed. Buyers want them, they just aren't paying a premium for them.

• Average HonestDoor Price: $445,103 (down 0.13% from last period)
• Average sale price: $137,000
• Current average list price: $142,500
• Price per square foot: $116
• Average days on market: 14 days
• Sale-to-list ratio: 96.58%
• Estimated monthly rent: $1,785 - $1,799
• Rental yield: 3.92%
• Neighbourhood growth rank: 35 out of 40 in Airdrie - bottom performers
• Price rank: 26 out of 26 - most affordable condos in Airdrie

Old Town condos are the most affordable in all of Airdrie right now. If you're a buyer, that's worth a second look. If you're a condo owner thinking about selling, pricing sharp and moving quickly is the play - the 14-day average shows buyers are ready when the price is right.

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

Here's the thing about city assessments - they're a snapshot from months ago, sometimes longer. They don't know what sold on your block last Tuesday. The HonestDoor Price is updated in real time, pulling in actual recent sales and current market signals. For Old Town houses, that's $532,989 right now. For condos, it's $445,103.

Your tax assessment is what the city uses to calculate what you owe. Your HonestDoor Price is what the market will actually pay. Those two numbers are not always the same - and the gap between them is exactly where smart decisions get made. If you're thinking about selling, refinancing, or just want to know where you stand, the HonestDoor Price is your real-world check.

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

For house sellers, the window is open but it's not wide open. Here's the honest take:

• Buyers are active but patient - 40 days on market means you need to price right from day one
• The sale-to-list ratio of 97.4% means overpricing will cost you - buyers are negotiating
• Nearby neighbourhoods like Sunridge ($532,119) and Downtown ($529,063) are priced just below Old Town, so you have a slight edge, but not a big one
• If your home would rent for $2,660 a month, that's a strong story to tell buyers who are also thinking about investment potential

For condo sellers, speed is your friend. Price it to move, because the data shows buyers will show up fast when the number makes sense. Sitting on the market waiting for a higher offer is a riskier strategy when values are trending down 6.41%.

Bottom line - Old Town is a stable, real neighbourhood with real demand. It's not flashy right now, but it's not broken either. Know your actual number before you make any moves, and check your HonestDoor Price before you talk to anyone about listing.

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.