Poplar Grove, Morinville - August 2026 Real Estate Report

Poplar Grove Real Estate Update: Houses Are Moving Fast, But Condos Are a Different Story

If you own a home in Poplar Grove and you haven't checked your property value lately, now is the time. The market here is sending some clear signals - and they're not all pointing in the same direction depending on what you own.

The Vibe: Houses vs. Condos

Let's be straight with each other. These two property types are living in completely different markets right now.

Houses: Things are moving. We're seeing an average sale price of $446,750 - up 9.2% from last month. That's not a small jump. Homes are sitting on the market for an average of just 10 days, which earns us a days-on-market rank of 1 out of 9 neighbourhoods in Morinville. That means we're the fastest-selling area in the city for houses. Buyers are paying 97.97% of list price, so they're not getting massive discounts - sellers are holding firm. On the growth leaderboard, Poplar Grove houses rank 3 out of 14 neighbourhoods in Morinville. That puts us solidly in the above-average tier.

• Average sale price: $446,750
• Average list price: $454,900
• Price per square foot: $231
• Average days on market: 10
• Sale-to-list ratio: 97.97%
• Estimated monthly rent: $2,109
• Rental yield: 5.77%
• Growth rank: 3 out of 14 in Morinville

Condos: Here's where we need to be honest. The condo side is taking a breather - and then some. One condo sold last month, sitting on the market for 57 days before it did. The average sale price came in at $249,000, essentially flat. On the growth leaderboard, Poplar Grove condos rank 10 out of 11 neighbourhoods in Morinville. That's bottom-tier territory. Property values have dipped 4.12% recently, and the 3-month moving average is sliding from $265,444 down to $260,113. If you own a condo here, you're not in crisis - but you're not in a rush either.

• Average sale price: $249,000
• Average list price: $255,000
• Price per square foot: $188
• Average days on market: 57
• Sale-to-list ratio: 97.65%
• Estimated monthly rent: $1,410
• Rental yield: 4.25%
• Growth rank: 10 out of 11 in Morinville

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 Poplar Grove houses just jumped 9.2% in sale price. It doesn't factor in what buyers are actually paying on your street today.

The HonestDoor Price is updated in real time. For houses in Poplar Grove, that number sits at $427,014 - up 1.64% from the previous period. For condos, it's $259,254. These aren't guesses. They're calculated from live market activity, which means they reflect what a buyer would actually put on the table today - not what a government office estimated last year.

Every one of our neighbours in Grandin Park, Sunshine Estates, and Forest Glen is sitting at a lower HonestDoor Price than us. Grandin Park houses are at $348,136. Sunshine Estates at $397,553. Forest Glen at $361,913. Poplar Grove is the price leader in this corner of Morinville. That's worth knowing before you make any decisions.

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

If you own a house in Poplar Grove and you're thinking about listing this summer, the conditions are about as good as they get in this market. Ten days on market. Buyers paying close to full price. Sale prices up nearly 10% in a single month. The window is open - and open wide.

If you own a condo, the honest advice is this: don't rush, but don't ignore the trend either. Values are sliding slowly, and with 57 days on market being the norm, you need to price sharp from day one. A condo sitting too long starts to feel stale to buyers, and that gives them leverage you don't want to hand over.

Either way, the smartest first move is checking your HonestDoor Price before you call anyone. It gives you a real-world number - not a stale assessment - so you walk into any conversation knowing exactly where you stand.

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.