If you have been watching the "For Sale" signs in Popcorn House lately, here is the honest picture. Values are drifting down across the board - both houses and condos. It is not a crash, but it is not nothing either. Here is how the two property types stack up right now.
The average HonestDoor Price for a house in our neighbourhood sits at $752,399. That is down 0.64% from the previous period, and the 3-month moving average of $760,441 confirms the trend - we are slowly losing ground, not gaining it. The predicted market value right now is $757,226, which is already below that moving average. In plain terms, prices are heading in one direction at the moment, and it is not up.
On the neighbourhood leaderboard, Popcorn House houses rank 11 out of 14 comparable Cambridge neighbourhoods for growth. That puts us in below-average territory. For context, Hespeler Village is fetching around $795,885 and East Hespeler is at $779,769 - both sitting above us. Silver Heights comes in lower at $707,236, so we are not at the bottom, but we are not leading the pack either.
The silver lining? If you own a house here and are thinking about renting it out, the numbers are genuinely solid. Estimated rent runs $3,471 to $3,490 per month, delivering a rental yield of 5.13%. That is a strong return. Airbnb potential adds roughly $172 to $173 per night, and Popcorn House ranks 5th in Cambridge for Airbnb income on houses. That is a real asset.
Condos are telling a rougher story. The average HonestDoor Price is $412,960, down 8.23% from the previous period. That is a meaningful drop - not a blip. The predicted market value sits at $449,992, which is already below the 3-month moving average of $456,862. Values have shifted -3.17% recently, and the growth rank mirrors the house situation: 11 out of 14 Cambridge neighbourhoods.
Compared to nearby areas, Hespeler Village condos are cheaper at $378,163, so we are still above that floor. But Silver Heights is at $473,853 and East Hespeler is significantly higher at $664,443. If condo buyers in Cambridge are shopping around, they have options that are outperforming us on price momentum right now.
Rental income on condos is more modest but still workable. Estimated rent comes in at $2,144 to $2,309 per month, with a rental yield of 3.93%. That is a moderate return - not spectacular, but not a reason to panic if you are a long-term holder. Airbnb potential is around $107 to $115 per night, and the Cambridge Airbnb rank for condos here is 11th.
Here is something most homeowners in Popcorn House do not think about until it is too late. Your city tax assessment is a snapshot frozen in time - often reflecting what the market looked like a year or two ago. It does not know that condo prices here just dropped 8.23%. It does not know that house values are sliding below their 3-month average. It is essentially driving with an old map.
The HonestDoor Price is updated in real time. It is pulling in current sales data, market trends, and neighbourhood-level signals right now - not last year. If you are a homeowner in Popcorn House and you are making any kind of financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you should be looking at. Think of it as the real-world check against whatever the city last told you your home was worth.
With values moving the way they are, the gap between your government assessment and your actual market value could be significant. Knowing that gap is not just interesting - it is useful.
Straight talk: this is not the hottest seller's market we have seen. Prices are down, growth ranks are below average, and buyers have options in nearby neighbourhoods that are holding value better. If you were hoping to time the absolute peak, that window has likely passed for now.
That said, "taking a breather" is not the same as a collapse. Houses here are still moving around $752,000 to $757,000. If you need to sell this summer - life happens, people move - you can still get a solid price. The key is pricing it right from day one. Overpricing a home in a softening market is the fastest way to sit on it for months and eventually drop the price anyway.
For condo owners, the picture requires a bit more patience. An 8.23% drop is a real number. If you have flexibility on timing, watching the next few months of data makes sense. If you have to move, price it competitively against Silver Heights and Hespeler Village - buyers are comparison shopping right now.
Bottom line: check your HonestDoor Price before you do anything else. It is free, it is current, and it will tell you more about where you actually stand than any assessment notice sitting in your filing cabinet.
popcorn house | cambridge | october 2026This 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.