Oriole Park West, Red Deer - September 2026 Real Estate Report

Oriole Park West, Red Deer: Your Neighbour Just Got a Surprise on Their Home Value

If you own a home or condo in Oriole Park West and you haven't checked your HonestDoor Price lately, now is the time. The numbers are moving - and not always in the direction you'd expect. Here's the real breakdown of what's happening on our streets right now.

The Vibe: Houses vs. Condos

Houses - Prices Are Climbing, But the Market Is Shifting

If you've been watching the "For Sale" signs in Oriole Park West, here's what's actually happening with houses. The average sale price hit $471,250 this month - that's up 12.7% from last month. That's a real jump. Active listings are sitting at an average of $483,750, and price per square foot is around $358.

That said, buyers are still negotiating. Homes are selling at 97.73% of list price on average, which means sellers are leaving a small gap between ask and close. Four houses sold this month, spending an average of 31 days on the market before finding a buyer. That's not lightning fast, but it's not stale either.

• Average sale price: $471,250 (up 12.7% from last month)
• Average list price: $483,750
• Price per square foot: $358
• Sale-to-list ratio: 97.73%
• Average days on market: 31
• Properties sold this month: 4
• Estimated monthly rent: $2,547
• Rental yield: 5.61%
• Neighbourhood growth rank: 32 out of 78 in Red Deer - above average

On the leaderboard, houses in Oriole Park West rank 32 out of 78 Red Deer neighbourhoods for growth. That puts us solidly in the upper half of the city. We're not leading the pack, but we're ahead of most. The predicted market value for houses sits at $550,640, which is ticking up from the 3-month moving average of $545,518. The direction is good.

Condos - Small Sample, Strong Signals

The condo side of Oriole Park West is a quieter story - but a good one if you own one. Only one condo sold this month, at $345,000, with listings averaging $350,000. Buyers paid 98.57% of list price, and that unit moved in just 18 days. Fast.

What's really worth noting here is the growth rank. Condos in Oriole Park West rank 13 out of 71 Red Deer neighbourhoods for growth. That puts us in the top performers category city-wide. Not bad for a neighbourhood that doesn't always get the headlines.

• Average sale price: $345,000
• Average list price: $350,000
• Price per square foot: $304
• Sale-to-list ratio: 98.57%
• Average days on market: 18
• Estimated monthly rent: $1,531
• Rental yield: 4.22%
• Neighbourhood growth rank: 13 out of 71 in Red Deer - top performers

The HonestDoor Price for condos is $294,372, up 2.55% from the previous period. The predicted market value sits at $287,040, which is slightly above nearby Maskepetoon Park condos at $245,500. We're priced above our neighbours, and the data backs it up.

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 from months ago, sometimes longer. It doesn't know that house prices in Oriole Park West jumped 12.7% last month. It doesn't factor in what buyers are actually paying on the street right now.

The HonestDoor Price is the real-world check. It's updated in real time using actual transaction data, not a government formula that lags behind the market. For houses, the HonestDoor Price is $531,080. For condos, it's $294,372. These numbers reflect what's happening now - not what was happening when a city assessor last ran the numbers.

If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you want in front of you. Your assessment is a starting point. The HonestDoor Price is where the conversation actually begins.

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

If you own a house in Oriole Park West and you're thinking about listing this summer, the timing has some real upside. Prices are up sharply month-over-month, the neighbourhood ranks above average in Red Deer for growth, and there were 42 total property transactions in 2026 - which ranks 6th in all of Red Deer for transaction volume. People are buying here.

The catch is that buyers are negotiating. That 97.73% sale-to-list ratio means you need to price sharp. List too high and you'll sit. Price it right and you'll close closer to what you want.

For condo owners, the story is even more straightforward. Top-13 growth rank in the city, fast days on market, and a price point that sits above comparable neighbourhoods. If you've been sitting on the fence, the data says the window is open.

Bottom line - Oriole Park West is not taking a breather right now. Check your HonestDoor Price, know your number, and if you're thinking about making a move, go in with current data - not last year's assessment.

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.