Old Town, Airdrie - September 2026 Real Estate Report

Old Town, Airdrie: Your Neighbour Just Asked If Now Is a Good Time to Sell. Here's the Honest Answer.

If you own a home in Old Town and you've been wondering what it's actually worth right now - not what the city thinks it's worth, but what a real buyer would pay - this is your update. The market here is steady, not spectacular, and that matters depending on which side of the transaction you're on.

The Vibe: Houses vs. Condos in Old Town

Houses - Holding Steady, But Buyers Have the Edge

We're seeing houses in Old Town sit at an average sale price of $562,500, with current listings averaging $575,000. That gap is worth noting. Buyers are negotiating, and on average they're landing at about 97.4% of list price. So if you list at $575,000, expect to close closer to $560,000. That's not a disaster - it's just the reality of where we are right now.

• Average HonestDoor Price: $536,060 (up 0.58% 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% - buyers are paying below ask
• Properties sold in 2026: 2
• Rental estimate: $2,668 per month
• Rental yield: 5.57%
• Airbnb estimate: $133 per night
• Growth rank: 40 out of 48 neighbourhoods in Airdrie

That growth rank is the number we need to talk about. On the neighbourhood leaderboard for price growth, Old Town houses sit at 40 out of 48. That puts us near the bottom of the pack in Airdrie. It doesn't mean values are collapsing - they're not. A 1.88% recent change and a 3-month moving average climbing from $529,239 to $532,989 shows things are inching forward. But we're not leading the race right now.

Forty days on market is also worth watching. That's not a fire sale situation, but it's not a bidding war either. Buyers in Old Town have time to think, and they know it.

Condos - Affordable, Fast-Moving, But Values Are Slipping

The condo picture is a bit more mixed. On one hand, condos here are among the most affordable in all of Airdrie - price rank of 25 out of 26 tells that story clearly. On the other hand, the HonestDoor Price has dropped 4.80% from the previous period, and the 3-month moving average is trending down from $455,647 to $445,103. That's a slide worth paying attention to if you own one.

• Average HonestDoor Price: $423,737 (down 4.80% 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% - buyers paying below ask here too
• Rental estimate: $1,722 per month
• Rental yield: 3.93%
• Airbnb estimate: $85 per night
• Growth rank: 30 out of 40 neighbourhoods in Airdrie

The bright spot? Condos are moving fast. A 14-day average on market puts us at rank 4 out of 18 for speed in Airdrie. If you price it right, it sells quickly. The catch is that "right" means accepting a number that's lower than what the city's assessment might suggest.

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

Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know that condo values in Old Town have dipped 4.80% recently. It doesn't know that house buyers are negotiating below list price. It's working with old information.

The HonestDoor Price is updated in real time using actual transaction data and current market signals. For houses, that's $536,060 right now. For condos, it's $423,737. These numbers move with the market, not behind it.

Why does that matter for your wallet? If you're a condo owner and your city assessment still reflects last year's higher values, you could be paying more in property taxes than your unit is actually worth today. That's money out of your pocket. Checking your HonestDoor Price gives you the real-world number to push back with.

And if you're thinking about selling, pricing off an outdated assessment is one of the fastest ways to sit on the market longer than you need to. Buyers have access to the same real-time data. They know what things are worth.

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

If you own a house in Old Town and you're eyeing a summer sale, the window is open but it's not wide. Here's the straight talk:

• You're in a buyers' market - price sharp from day one, not from wishful thinking
• Budget for 40 days on market and a negotiation that lands around 97% of your list price
• Nearby, Downtown is fetching an average HonestDoor Price of $545,068 - slightly higher than Old Town's $536,060 - so location comparisons matter when you're setting expectations
• The growth rank of 40 out of 48 means Old Town isn't the hottest address in Airdrie right now, and buyers know their options

If you own a condo and you're thinking about selling, the faster days-on-market is genuinely good news - but only if you price it to reflect where values actually are today, not where they were six months ago. That 4.80% drop in the HonestDoor Price is a signal, not a scare tactic. Get ahead of it.

Bottom line - Old Town is a stable, established part of Airdrie with real rental income potential and a community that holds its value. It's just not a market where you can overprice and wait. Check your HonestDoor Price, price it honestly, and you'll move it.

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.