Oriole Park, Red Deer - July 2026 Real Estate Report

Oriole Park, Red Deer: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your city tax assessment and thinking it tells the whole story, it doesn't. The Oriole Park market in 2026 is moving fast enough that a number printed months ago is already out of date. Here's the real picture.

The Vibe: Houses vs. Condos

We've got two very different stories playing out on our streets right now, so let's break them down honestly.

Houses - Strong Demand, But Watch the Trend

If you've been watching the "For Sale" signs in Oriole Park, here's what's actually happening. Houses are moving. Fast. The average days on market is just 14 days, which beats nearby Fairview at 15 days and Oriole Park West at 18 days. That's not luck - that's buyers competing for our homes.

The sale-to-list ratio is sitting at 101.44%, meaning buyers are paying above asking price on average. That's a win for sellers. But keep your eyes open - the average sale price of $362,300 is down 0.8% from last month, and the predicted market value of $429,013 is slipping slightly below the 3-month moving average of $431,923. The market isn't crashing. It's taking a breather.

• Average sale price: $362,300 (down 0.8% from last month)
• Average listing price: $389,450
• Price per square foot: $372
• Average days on market: 14 days
• Properties sold above list price: 101.44% of asking
• Predicted market value: $429,013
• Estimated monthly rent: $2,184
• Rental yield: 5.76% - that's a strong return
• Properties sold in 2026: 52 transactions - Oriole Park ranks No. 1 in Red Deer for total transactions

That No. 1 transaction rank is worth pausing on. More homes selling here than in any other neighbourhood in Red Deer means buyers are choosing Oriole Park. That kind of demand is what protects your home's value when other areas soften.

On the neighbourhood leaderboard, Oriole Park houses rank 32 out of 80 for growth - above average in Red Deer. Days-on-market ranks 8 out of 34, meaning we sell faster than most. Price rank sits at 44 out of 58, so we're not the most expensive street in the city, but we're not trying to be. We're the neighbourhood that actually sells.

Condos - A Different Story Altogether

We'll be straight with you here. The condo picture in Oriole Park is worth watching carefully. The average HonestDoor Price for condos is $1,542,514, but that number has dropped 5.36% from the previous period. The predicted market value of $1,629,922 is also sliding below the 3-month moving average of $1,678,954, with a recent value change of -2.35%.

On the neighbourhood leaderboard, Oriole Park condos rank 65 out of 73 for growth in Red Deer. That puts condo values near the bottom of the pack right now. If you own a condo here, this is not the time to assume your value is holding steady.

• Average HonestDoor Price (condos): $1,542,514 (down 5.36%)
• Predicted market value: $1,629,922
• 3-month moving average: $1,678,954
• Estimated monthly rent: $5,417
• Rental yield: 2.86% - moderate, not exceptional
• Growth rank: 65 out of 73 in Red Deer

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

Here's the thing about your city assessment - it's a snapshot taken months ago, using broad formulas that don't know your specific street, your renovated kitchen, or the fact that Oriole Park just ranked No. 1 in Red Deer for total transactions.

The HonestDoor Price is updated in real time. It pulls in actual sales data, current listing activity, and neighbourhood-level trends. For houses in Oriole Park right now, the HonestDoor Price sits at $435,915 - up 1.61% from the previous period. That's a live number, not a government estimate that's already six months stale.

If you're a condo owner, this matters even more. With values sliding 5.36%, knowing your real-world number today - not the one on your tax notice - could change every decision you make about selling, refinancing, or holding.

The So What - Thinking About Selling This Summer?

For house owners, the window is open but it's not wide open forever. Buyers are still paying above list price, and 14-day average sales times mean you're not sitting on the market. But with prices dipping slightly month over month, listing sooner rather than later gives you the best shot at catching buyers while competition is still tight. Oriole Park West houses are selling for an average of $345,000 - our average of $362,300 already has us ahead of the neighbours.

For condo owners, be realistic. The data is pointing down right now. That doesn't mean you can't sell - it means you need to price sharp from day one. An overpriced condo in a cooling segment sits. A well-priced one still moves.

Either way, pull your HonestDoor Price before you call an agent. Walk into that conversation knowing your number, not guessing at it. That's the difference between leaving money on the table and walking away with what your home is actually worth.

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.