South Hill, Red Deer - September 2026 Real Estate Report

South Hill, Red Deer: Your Neighbour Just Got a Surprise on Their Assessment. Here's the Real Story.

If you own a home in South Hill and you haven't checked your HonestDoor Price lately, now is the time. The gap between what the city thinks your place is worth and what the market is actually doing has never been more important to understand. Here's the straight talk on where things stand right now.

The Vibe: Houses vs. Condos in South Hill

Houses

If you've been watching the "For Sale" signs on our streets, here's what's actually happening. Houses in South Hill are selling fast - we're talking an average of 12 days on market, which ranks 2nd out of 41 neighbourhoods in Red Deer. That's not a typo. When a house hits the market here, it moves. And sellers are getting exactly what they ask - properties are closing at 100% of list price, which tells us buyers aren't messing around.

• Average sale price: $269,000
• Price per square foot: $248
• Average days on market: 12
• Sale-to-list ratio: 100%
• Estimated monthly rent: $3,596
• Rental yield: 5.36%
• Days-on-market rank: 2 out of 41 in Red Deer (very fast)
• Price rank: 56 out of 58 (one of the most affordable in Red Deer)

The honest caveat? On the neighbourhood leaderboard, South Hill houses rank 75 out of 78 for growth rate. The market here is taking a breather when it comes to appreciation. Values have shifted -8.31% recently, and the predicted market value of $1,066,319 is sitting below the 3-month moving average of $1,124,901. So while your house sells fast, it's not the place to bet on big short-term price gains right now.

The silver lining for landlords: a 5.36% rental yield is genuinely strong. If you're holding a South Hill house as a rental, the income story is better than the appreciation story right now.

Condos

The condo picture in South Hill is a bit more nuanced, and we'd be doing you a disservice if we sugarcoated it. Values have dropped -11.28% recently, and the predicted market value of $4,162,468 is sliding below the 3-month moving average of $4,449,334. On the neighbourhood leaderboard, condos rank 69 out of 71 for growth - that puts us near the bottom of the Red Deer pack.

• Average sale price: $283,833
• Average list price: $249,900
• Price per square foot: $259
• Average days on market: 16
• Sale-to-list ratio: 98.44% (buyers are negotiating a little)
• Estimated monthly rent: $9,244
• Rental yield: 2.12%
• Days-on-market rank: 9 out of 28 (moderately fast)
• Price rank: 13 out of 38 (above average price in Red Deer)

Condos here are priced above average for Red Deer, but the growth trend is working against sellers right now. Buyers are paying just under list price, which signals a buyers' market. The rental yield at 2.12% is moderate - it covers costs but doesn't excite investors the way the house numbers do. With 23 condo transactions in 2026 already, there's activity, but the price direction is something to watch closely.

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

Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know that South Hill house values have moved -8.31% recently. It doesn't know that condo values are down -11.28%. It's working with old data, and in a market that's shifting, that gap can cost you real money.

The HonestDoor Price is updated in real time using actual transaction data, rental trends, and current market signals. For houses, the average HonestDoor Price sits at $1,099,915 - up 3.15% from the previous period. For condos, it's $3,561,574 - down 13.49%. Those are very different stories, and your city assessment almost certainly isn't telling you either one accurately.

If you're a South Hill homeowner, checking your HonestDoor Price right now isn't just curiosity - it's how you know whether your assessment is working for you or against you when it comes to property taxes, insurance, and any financial decisions tied to your home's value.

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

If you own a house in South Hill and you're thinking about listing this summer, the speed story is genuinely in your favour. Twelve days on market and 100% of list price means a well-priced house here doesn't sit. Buyers are ready. The key word is "well-priced" - with values softening and a growth rank of 75 out of 78, overpricing is the fastest way to become the exception to that rule.

For condo owners, the summer calculus is tougher. Buyers have options, they know it, and they're negotiating. If you need to sell, price it sharp from day one. If you can wait, watch the next 60 to 90 days of data closely before committing.

For anyone holding South Hill property as a rental, the house numbers are the story worth telling. A 5.36% yield in a market where properties move in under two weeks is a solid position to be in.

Bottom line: South Hill is affordable, fast-moving for houses, and going through a reset on values. Know your real number before you make any move. That's what the HonestDoor Price is for.

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.