Somerset, Calgary - October 2026 Real Estate Report
Somerset, Calgary: Your Neighbour Just Sold - Here Is What You Need To Know
If you have been watching the "For Sale" signs in Somerset and wondering what is actually going on with prices, here is the straight story. The market here is moving, but it is not moving the same way for every property type. Houses and condos are telling two very different stories right now, and knowing which one applies to you could be worth tens of thousands of dollars.
The Vibe: Houses vs. Condos in Somerset
Houses
Our house market is holding up well. The average sale price is sitting at $631,159, which is up 1.4% from last month. That is a real, tangible move in a short period. Listings are coming in at $664,450 on average, and sellers are getting 98.53% of their asking price - meaning buyers are close to paying full freight, but still have a small edge at the negotiating table.
- Average sale price: $631,159 (up 1.4% from last month)
- Average list price: $664,450
- Price per square foot: $359
- Sale-to-list ratio: 98.53%
- Average days on market: 37 days
- Properties sold this month: 11 (down 8.3% from last month)
Fewer homes sold this month than last, which is worth watching. But prices are still climbing, and 37 days on market is a reasonable pace - not a fire sale, not a stalemate. Somerset houses rank 33rd out of 82 Calgary neighbourhoods for days-on-market speed, which puts us in the moderately fast-selling category. On the neighbourhood growth leaderboard, we sit at 98th out of 221 - above average, which is a solid position to be in.
Condos
Our condo market is a different animal right now. Only one condo sold this month, so take the numbers with some context - but that one sale came in at $266,500, which is up a striking 18.9% from last month. Condos are moving fast when they do move, averaging just 19 days on market.
- Average sale price: $266,500 (up 18.9% from last month)
- Average list price: $269,900
- Price per square foot: $264
- Sale-to-list ratio: 98.74%
- Average days on market: 19 days
On the neighbourhood leaderboard, Somerset condos rank 108th out of 207 for growth - below average. And the price rank of 154th out of 175 puts us among the most affordable condo options in Calgary. That is not a bad thing if you are a buyer or an investor looking for a lower entry point. If you are a condo owner thinking about selling, the low volume and below-average growth ranking are things to factor into your timing.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here is something most Somerset homeowners do not think about until it is too late. The city's assessed value for your home is a snapshot frozen in time - it is based on data that can be months or even over a year old by the time it lands in your mailbox. The HonestDoor Price is updated in real time, pulling from actual market activity happening right now.
For houses in Somerset, the average city assessment is $612,471. The average HonestDoor Price is $585,095. That is a gap of roughly $27,000 - and it matters. If you are pricing your home based on your assessment, you could be starting the conversation in the wrong place entirely.
For condos, the story flips. The average city assessment is $283,639, but the average HonestDoor Price is $297,079 - about $13,400 higher. That means condo owners who rely only on their tax notice could actually be underselling themselves without realizing it.
- House assessed value: $612,471 - HonestDoor Price: $585,095 (4.47% lower than Calgary average assessed value)
- Condo assessed value: $283,639 - HonestDoor Price: $297,079 (4.74% higher than Calgary average assessed value)
The HonestDoor Price is the real-world check. It is what the market is actually saying your home is worth today - not what a government formula calculated last year.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Somerset and are thinking about listing this summer, the timing is not terrible - but it is not a slam dunk either. Prices are up month-over-month, buyers are paying close to asking, and we are above average on the Calgary growth leaderboard. The catch is that transaction volume is thinning out slightly, and the HonestDoor Price suggests the market values houses a bit below the city assessment. Price it right from day one and you will not be sitting on the market for two months wondering what went wrong.
If you own a condo, be strategic. The market is affordable relative to the rest of Calgary, which attracts buyers - but growth is below average and the predicted market value of $299,163 is actually dipping slightly against the 3-month moving average of $304,122. That is the market taking a breather. Rental yield sits at 4.16%, which is moderate - so if selling does not feel urgent, holding and renting is a reasonable play while you watch the next few months.
Either way, the smartest first move is checking your HonestDoor Price before you call an agent, set a price, or make any decisions. It takes two minutes and gives you a number that reflects what is actually happening in Somerset right now - not what happened 14 months ago.
somerset | calgary | october 2026This 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.