Somerset, Calgary - August 2026 Real Estate Report

Somerset, Calgary Real Talk: What Your Home Is Actually Worth Right Now

If you've been glancing at your city assessment and feeling pretty good about things, hold on. The numbers on the ground in Somerset tell a slightly different story - and it's worth knowing before you make any moves this summer.

The Vibe: What's Happening in Our Neighbourhood

Houses

We're seeing the house market take a breather. The average sale price sits at $605,750, which is down 9.1% from last month. Only 6 houses sold this month - a 33.3% drop from the month before. That's a thin slice of activity, and it matters. When fewer homes trade hands, prices get wobbly.

• Average sale price: $605,750
• Average list price this month: $613,117
• Price per square foot: $425
• Sold-to-list ratio: 98.76% - buyers are negotiating below asking
• Average days on market: 24
• Properties sold this month: 6

The 24-day average on market is actually a decent sign - Somerset ranks 22nd out of 77 Calgary neighbourhoods for speed of sale. So while prices are softening, homes here aren't sitting forever. Buyers are still showing up, just with a bit more leverage in their back pocket.

On the leaderboard, our house growth rate ranks 146 out of 236 Calgary neighbourhoods. Below average, yes - but not the bottom. Think of it as mid-table, not relegated.

Condos

The condo picture is a bit more nuanced. Only 1 condo sold this month, so take the trend lines with a grain of salt - thin data means big swings. That said, the average sale price came in at $245,000, down just 0.2% from last month. Condos here are actually moving faster than nearby Silverado (22 days vs. 32 days), which tells us demand is real even if volume is low.

• Average sale price: $245,000
• Average list price this month: $250,000
• Price per square foot: $252
• Sold-to-list ratio: 98.00% - buyers are paying just under asking
• Average days on market: 22
• Properties sold this month: 1

On the leaderboard, Somerset condos rank 86 out of 216 Calgary neighbourhoods for growth - that puts us in above-average territory. For price, we rank 158 out of 175, meaning Somerset condos are among the most affordable in the city. If you're an investor or a first-time buyer, that combination of affordability and above-average growth rank is worth paying attention to.

Rental yield on condos sits at 4.15% with an estimated rent of $1,546 per month. Moderate, but steady. Houses come in stronger at a 5.45% rental yield with estimated rent around $2,920 per month - that's a number landlords genuinely get excited about.

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 months ago, built on formulas that don't know your renovated kitchen or the fact that the house two streets over just sold for less than expected. It's a rearview mirror.

The HonestDoor Price is updated in real time, pulling from actual market activity. Right now, that gap is telling a story Somerset homeowners need to hear.

• Average assessed value for houses: $612,471
• Average HonestDoor Price for houses: $591,825 - that's $20,646 lower than the assessment
• Average assessed value for condos: $283,639
• Average HonestDoor Price for condos: $302,596 - that's $18,957 higher than the assessment

For house owners, the HonestDoor Price is 3.37% below the city's assessed value. That gap means if you're pricing based on your assessment, you may be walking into negotiations already offside. For condo owners, it's the opposite - your HonestDoor Price is 6.68% above the assessed value, meaning the city is actually undervaluing what the market thinks your unit is worth.

Waiting for next year's assessment to "catch up" is a gamble. The HonestDoor Price is the real-world check happening right now.

The So What: Thinking About Selling This Summer?

Let's be straight with each other. This is not a seller's market right now - at least not for houses. Prices are down, sales volume is thin, and buyers are getting homes for under asking. If you're a house owner thinking about listing this summer, here's the honest take:

• Price sharp from day one. The sold-to-list ratio of 98.76% means buyers are already trimming. Don't give them more room to negotiate by starting too high.
• Your HonestDoor Price of $591,825 is a better anchor than your $612,471 assessment. Use it.
• 24 days on market is manageable - a well-priced home in Somerset is not going to rot on the MLS.
• 86 total house transactions recorded in 2026 across 2,224 assessed properties means turnover is low. Standing out matters.

For condo owners, the story is a little brighter. You're in an above-average growth rank, your HonestDoor Price beats your assessment, and condos here are moving faster than some nearby neighbourhoods. If you're thinking about selling, the window is reasonable - just don't expect a bidding war with only 1 sale recorded this month.

Bottom line - Somerset is a solid, established neighbourhood that's taking a breath right now. That doesn't mean it's a bad time to sell. It means you need to go in with accurate numbers, not optimistic ones. Check your HonestDoor Price, know where you actually stand, and make the call from there.

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.