Poplar Grove, Morinville - September 2026 Real Estate Report

Poplar Grove Is Quietly Winning the Morinville Real Estate Game Right Now

If you own a home in Poplar Grove and you haven't checked your property value lately, you're probably sitting on more than you think. The numbers coming out of this neighbourhood are telling a clear story - and it's a good one for homeowners.

The Vibe: Houses vs. Condos - Two Very Different Stories

Let's be straight with each other. Houses and condos in Poplar Grove are not moving the same way right now, and knowing the difference could change what you decide to do this summer.

Houses - Sellers Are Running the Show

If you've been watching the "For Sale" signs in Poplar Grove, here's what's actually happening with houses. Buyers are paying above asking. The average sale price hit $535,000 - up nearly 20% from last month - and homes are selling at 101.25% of list price. That means buyers are competing, not negotiating.

• Average sale price: $535,000 (up 19.8% from last month)
• Average listing price: $527,450
• Price per square foot: $270
• Sold-to-list ratio: 101.25% - buyers paid over asking
• Average days on market: 32 days
• Estimated monthly rent: $2,134
• Rental yield: 5.75%
• Growth rank: 7 out of 14 neighbourhoods in Morinville - above average
• Price rank: 4 out of 13 - one of the pricier spots in the city

The rental yield on houses is sitting at 5.75%. For anyone thinking about holding a property as an investment, that's a solid return. We're not talking about scraping by - that's real income potential.

Condos - A Breather, Not a Bust

The condo side of Poplar Grove is taking a breather. One unit sold, it sat on the market for 57 days, and buyers paid 97.65% of list price - meaning there's a little room to negotiate if you're buying. Values dipped slightly, down 0.33% recently, and the 3-month trend is easing off from $263,551 down to $259,254.

• Average sale price: $249,000
• Average listing price: $255,000
• Price per square foot: $188
• Sold-to-list ratio: 97.65% - slight room to negotiate
• Average days on market: 57 days
• Estimated monthly rent: $1,405
• Rental yield: 4.25%
• Growth rank: 5 out of 11 neighbourhoods in Morinville - above average
• Price rank: 1 out of 4 - the highest-priced condo neighbourhood tracked
• Airbnb rank: No. 1 in Morinville for condos

That Airbnb ranking is worth a second look. Poplar Grove condos rank No. 1 in all of Morinville for short-term rental potential, with an estimated $70 per night. If you're a condo owner thinking about options, that's a real lever to pull.

The Secret Sauce: Your HonestDoor Price vs. That Old Tax Assessment

Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know that houses in Poplar Grove just sold at 101% of asking. It doesn't know that the average HonestDoor Price for a house here is $437,814, up 2.53% from the previous period. It's working with old data while the market keeps moving.

The HonestDoor Price is updated in real time using actual sales, current listing activity, and neighbourhood trends. Think of it as the real-world check against whatever number the city last stamped on your property. For Poplar Grove house owners, that number is climbing. For condo owners, it's holding steady as the top-priced condo neighbourhood in Morinville - even with the slight recent dip.

Waiting for your next tax assessment to know what your home is worth is like checking last year's weather forecast before you leave the house. Check your HonestDoor Price now - it takes about 30 seconds and it's actually current.

The So What - Thinking About Selling This Summer?

For house owners in Poplar Grove, the timing is about as good as it gets right now. Buyers are paying over asking, inventory is tight (only 2 sales tracked this period), and your neighbourhood ranks above average on the Morinville leaderboard for both price and growth. If you've been on the fence, this is the market you've been waiting for.

For condo owners, the picture is more patient. The market is stable, not crashing - but buyers have a little more leverage right now and units are sitting longer at 57 days on average. If you need to sell, price it sharp from day one. If you can wait, holding a top-ranked Airbnb asset in Morinville while values stabilize is a reasonable play.

Either way, the first move is the same - check your HonestDoor Price today, not when the city gets around to sending you a new assessment. The market isn't waiting, and neither should you.

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.