Somerset, Calgary - July 2026 Real Estate Report

Somerset, Calgary: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Somerset and you're still going off your city assessment, you might be working with the wrong number. Here's what's actually happening on the ground right now.

The Vibe: What the Market Is Telling Us

Houses in Somerset

The average sale price for houses in Somerset is sitting at $666,362 - up 11.3% from last month. That's a real jump. But here's the thing: listings are averaging $774,450, and homes are selling at 99.14% of list price. Buyers are getting deals, but sellers are still moving product. Nine houses sold this month, which is down 47.1% from last month, so we're seeing fewer transactions even as prices climb. That's a mixed signal worth paying attention to.

Homes are sitting on the market for an average of 25 days. Compare that to nearby Shawnessy at 14 days, and it's clear Somerset houses are taking a bit longer to find their buyer. The market isn't stalling - it's just taking a breather.

• Average sale price: $666,362 (up 11.3% from last month)
• Average list price this month: $774,450
• Price per square foot: $395
• Sale-to-list ratio: 99.14%
• Properties sold this month: 9 (down 47.1%)
• Average days on market: 25
• Estimated monthly rent: $2,941
• Rental yield: 5.44%
• Growth rank: 106 out of 233 neighbourhoods in Calgary - above average

Condos in Somerset

The condo story is a different one. Only 3 units sold this month, and they're sitting on the market for 90 days on average. That's slow - and the rankings back it up. Somerset condos rank 62 out of 71 for days on market in Calgary. That means nearly every other comparable neighbourhood is moving condos faster than we are.

The average sale price came in at $245,467, up 8.1% from last month, and interestingly, homes sold above the average list price of $236,100. So while the pace is slow, buyers who do show up are paying up. The growth rate ranks 169 out of 216 comparable neighbourhoods - below average - and values have dipped 2.00% recently. If you own a Somerset condo, this is not the moment to assume your value is climbing.

• Average sale price: $245,467 (up 8.1% from last month)
• Average list price this month: $236,100
• Price per square foot: $271
• Sale-to-list ratio: 96.13%
• Properties sold this month: 3
• Average days on market: 90
• Estimated monthly rent: $1,549
• Rental yield: 4.14%
• Growth rank: 169 out of 216 neighbourhoods in Calgary - below average

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

Here's the number the city gave house owners in Somerset: an average assessed value of $612,471. The HonestDoor Price? $595,943. That's a gap of 2.70%. If you're pricing a home based on your assessment, you could be starting the conversation in the wrong place entirely.

For condo owners, the gap flips - and it's bigger. The average city assessment is $283,639, but the average HonestDoor Price is $310,606. That's 9.51% higher than what the city has on record. The city assessment is a snapshot from months ago. The HonestDoor Price is updated in real time, pulling from actual market activity. One of these numbers helps you make a smart decision. The other one helps the city calculate your tax bill.

Both the house and condo HonestDoor Prices have dipped slightly - houses down 0.84% and condos down 0.52% from the previous period. Small moves, but worth knowing before you set a price or make an offer.

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

For house sellers, the timing has some real upside. Prices are up, and buyers are paying close to full list. But with only 9 sales last month and homes taking 25 days to move, you need to price sharp from day one. Overpricing in a market like this means you sit, and sitting hurts you. Use the HonestDoor Price as your anchor, not the assessment.

For condo sellers, be honest with yourself. Ninety days on market is a long time. Values have slipped 2.00% recently, and the growth rank puts Somerset condos in the bottom third of Calgary neighbourhoods. That doesn't mean you can't sell - it means you need a realistic price and a patient strategy. The rental yield of 4.14% is moderate, so holding and renting is a legitimate option if the sale price doesn't excite you.

One more thing worth knowing: Somerset had 76 house transactions and 30 condo transactions in 2026 so far. This is an active neighbourhood with real buyers. The opportunity is here - but the edge goes to sellers who know their actual numbers before they list.

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.