Rundle, Calgary - September 2026 Real Estate Report

Rundle, Calgary Real Talk: Your Home Is Probably Worth Less Than the City Thinks

If you've been glancing at your latest city assessment and feeling pretty good about your property value, hold on. The numbers on the ground in Rundle right now are telling a slightly different story - and it's worth knowing before you make any moves.

The Vibe: What's Actually Happening in Our Neighbourhood

Rundle saw 108 property transactions in 2026 across 2,485 assessed properties. That's a solid level of activity, and our total transaction rank of 49 in Calgary means we're one of the busier neighbourhoods when it comes to deals getting done. But busy doesn't always mean booming. Here's the breakdown by property type.

Houses: Fast Sales, But Prices Are Cooling Off

If you own a house in Rundle, here's the honest picture. The average sale price sits at $580,333, but that's down 2.2% from last month. Six houses sold this period - down 14.3% - and the predicted market value is $532,088, which is actually slipping below the 3-month moving average of $537,284. The market is taking a breather.

The one bright spot? Houses that do sell are moving fast - we're talking an average of 1 day on market, which ranks us 2nd out of 82 neighbourhoods in Calgary for speed. When a house is priced right here, buyers jump. The catch is that sellers are still getting 109.12% of list price on average, which sounds great until you realize list prices have been coming in low relative to final sale prices - meaning smart buyers are still competing, but the ceiling on values is drifting down.

• Average sale price (Houses): $580,333 - down 2.2% from last month
• Predicted market value: $532,088
• 3-month moving average: $537,284
• Price per square foot: $451
• Average days on market: 1
• Days-on-market rank: 2nd out of 82 in Calgary - very fast-selling
• Growth rank: 168th out of 238 in Calgary - below average
• Estimated rent: $2,658 per month
• Rental yield: 5.57% - strong returns for investors

Condos: A Complicated Picture

The condo market in Rundle is where things get interesting - and a little confusing. Only 1 condo sold this period, sitting on the market for 28 days, and it sold at 95.03% of list price. That's a buyers' market signal. The predicted market value is $676,058, but that number has dropped sharply - down 6.41% recently - and is falling away from the 3-month moving average of $723,938.

On the neighbourhood leaderboard, our condo growth ranks 194th out of 216 in Calgary. That puts us near the bottom of the pack for appreciation right now. If you own a condo here and were planning to wait it out, the trend isn't your friend at the moment.

• Average sale price (Condos): $320,000
• Predicted market value: $676,058
• 3-month moving average: $723,938
• Price per square foot: $393
• Average days on market: 28
• Growth rank: 194th out of 216 in Calgary - bottom performers
• Estimated rent: $2,225 per month
• Rental yield: 4.03% - moderate returns

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

Here's the thing about your city assessment - it's a snapshot from the past. The city looks at sales data from a specific window and applies it broadly. It doesn't know what happened on your street last month. It doesn't adjust for the fact that house values in Rundle have shifted recently.

The HonestDoor Price updates in real time. For houses, the average HonestDoor Price is $535,808 - that's 2.61% lower than the average assessed value of $550,162. In plain terms, the city thinks your house is worth more than the current market suggests. If you're making financial decisions - refinancing, selling, even just budgeting - using the city's number could give you a false sense of where you actually stand.

For condos, the gap is even more dramatic. The average assessed value is $304,254, but the HonestDoor Price is $705,140 - a 131.76% difference. That's not a rounding error. That's a completely different picture of what condos in this area are actually worth on the open market. Whether that gap works for you or against you depends on your situation, but you need to know it exists.

Compared to neighbours, Rundle houses sit above Whitehorn (HonestDoor Price $515,842) and Pineridge ($495,432), but below Sunridge ($561,438). We're in the middle of the pack - not the cheapest, not the priciest.

The So What: Should You Sell in Rundle This Summer?

If you own a house and it's priced correctly, the speed of this market is genuinely on your side. One day on market is remarkable. Buyers are still out there and they're ready to move. The window is open - but the price trend is drifting down, so waiting for values to climb back up isn't a guaranteed play right now.

If you own a condo, be realistic. One sale per period, 28 days on market, and a growth rank near the bottom of Calgary means you're not in a rush-and-compete situation. Buyers have options. Pricing sharp and knowing your real HonestDoor Price - not the assessed value - is the difference between sitting on the market and actually closing a deal.

For anyone thinking about renting instead of selling, the numbers are decent. A 5.57% rental yield on a house is genuinely strong. At an average rent of $2,658 per month, holding a Rundle house as a rental isn't a bad fallback if the sale price doesn't hit your number.

Bottom line - Rundle is still a neighbourhood where deals get done. But right now, knowing your actual market value beats guessing from a year-old assessment every single time. Check your HonestDoor Price before you do anything else.

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.