Somerset, Calgary - September 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 our streets right now.

The Vibe: Houses vs. Condos in Somerset

The two markets in Somerset are telling very different stories this month, and it matters which one you're in.

Houses - Holding Steady, But Watch the Gap

Houses in Somerset are in decent shape. The average sale price sits at $622,258, up 2.7% from last month. That's a real number, not a fluke. Sellers are getting 99.29% of their list price, which means buyers are not walking in and lowballing us - they're paying close to asking.

• Average sale price: $622,258 (up 2.7% month over month)
• Average list price: $657,933
• Price per square foot: $407
• Average days on market: 30
• Properties sold this month: 12
• Sale-to-list ratio: 99.29%

Thirty days on market is a reasonable pace. We're not flying off the shelves, but we're not sitting either. The days-on-market rank of 29 out of 82 comparable Calgary neighbourhoods puts us in the moderately fast-selling category - better than most.

One thing to watch: the predicted market value for houses is $591,825, and it's dipping slightly below the 3-month moving average of $596,246. Values have nudged down 0.69% recently. Nothing alarming, but it's worth paying attention to if you're thinking about timing a sale.

Condos - Taking a Breather

The condo side of Somerset is a different conversation. The average sale price dropped to $224,125 this month - down 7.6% from last month. Buyers are getting 97.90% of list price, which sounds close, but combined with falling prices and 72 days on market, the signal is clear: this segment is cooling.

• Average sale price: $224,125 (down 7.6% month over month)
• Average list price: $257,567
• Price per square foot: $309
• Average days on market: 72
• Properties sold this month: 4
• Sale-to-list ratio: 97.90%

Seventy-two days is a long time to sit. For context, nearby Shawnessy condos are moving in 57 days. That gap tells us buyers have options and they know it. The growth rate for Somerset condos ranks 172 out of 216 comparable Calgary neighbourhoods - that puts us in the below-average tier on the neighbourhood leaderboard. Not the bottom, but not a number to brag about either.

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

Here's the thing about city assessments - they're a snapshot from months ago, sometimes longer. The market doesn't wait for the government to catch up.

For houses in Somerset, the average city assessment is $612,471. The HonestDoor Price is $595,924. That's a $16,547 gap. If you're a buyer using the assessment as your benchmark, you might think you're getting a deal when you're actually paying closer to market. If you're a seller pricing off the assessment, you could be setting expectations too high and sitting on the market longer than you need to.

The HonestDoor Price updates in real time. It's the number that reflects what buyers are actually paying today - not what the city calculated last year.

For condos, the story flips. The average assessment is $283,639, but the HonestDoor Price is $299,163 - that's 5.47% higher than the assessed value. If you own a Somerset condo and you're only looking at your tax assessment, you're underselling yourself on paper. Your unit is likely worth more than the city says.

• House HonestDoor Price: $595,924 (up 0.69% from last period)
• House assessed value: $612,471 - HonestDoor is 2.70% lower
• Condo HonestDoor Price: $299,163 (down 1.13% from last period)
• Condo assessed value: $283,639 - HonestDoor is 5.47% higher

The So What - Should You Sell in Somerset This Summer?

If you own a house in Somerset and you're thinking about listing this summer, the conditions are reasonable. Buyers are active, they're paying near asking, and 30 days on market is not a long wait. The rental yield on houses sits at 5.46%, which means if you're not selling, holding and renting is a genuinely solid option too.

If you own a condo, be honest with yourself about the timing. Four sales in a month, 72 days on market, and a price that dropped 7.6% in one month - that's a market taking a real breather. It doesn't mean don't sell, but it means price it right from day one. Overpricing a Somerset condo right now is how you end up chasing the market down.

Either way, the first step is checking your HonestDoor Price before you call an agent or set a number in your head. The assessment on your tax bill is not your selling price. The market is moving, and the gap between those two numbers is where a lot of Somerset homeowners are leaving money on the table - or setting themselves up for disappointment.

Somerset has 2,224 assessed properties and 92 transactions already recorded in 2026. This neighbourhood is active. Know your real number before you make a move.

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.