Southridge, Stony Plain - August 2026 Real Estate Report

Southridge, Stony Plain: Your Neighbour Just Sold for Over Asking - Here's What That Means for You

The Vibe Right Now

If you've been watching the "For Sale" signs in Southridge, here's what's actually happening. The average HonestDoor Price sits at $426,469 - up 2.55% from the previous period. That's not a headline-grabbing number, but it's real, steady movement in the right direction.

On the houses side, we're seeing something worth paying attention to. The one home that sold this period went for $417,000, and it closed at 100.48% of list price. That means the buyer paid above asking. In a market where a lot of neighbourhoods are seeing buyers push back on price, that's a good sign for us as homeowners here.

• Average HonestDoor Price: $426,469 (up 2.55%)
• Average sale price for houses: $417,000
• Current average list price: $415,000
• Price per square foot: $428
• Sale-to-list ratio: 100.48% - buyers are paying over asking
• Average days on market: 13 days
• Total transactions in 2026: 5

Thirteen days on market is quick. Southridge is matching Meridian Meadows step for step on speed, and Meridian Meadows homes are priced higher - averaging $492,438. That tells us buyers are active and not dragging their feet when something good hits the market here.

How We Stack Up Against the Neighbours

Here's the honest neighbourhood leaderboard picture. Southridge ranks 17 out of 31 neighbourhoods in Stony Plain for price - right in the middle of the pack. For growth, we're sitting at 20 out of 39, which puts us in below-average territory for now. The market is taking a breather on the appreciation side, but it hasn't stalled.

The bright spot? Days-on-market rank is 8 out of 23. That puts Southridge in the faster-selling half of Stony Plain. Homes here move. That matters more than people think when you're deciding whether to list.

For context on nearby options:

• Woodlands: HonestDoor Price $481,044 - about $55,000 more than Southridge
• Meridian Meadows: HonestDoor Price $492,438 - about $66,000 more than Southridge
• Brown St Condos: HonestDoor Price $113,900 - a very different product at a very different price point

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing most Southridge homeowners don't realize. Your city assessment is a snapshot frozen in time - usually based on data that's 12 to 18 months old by the time it lands in your mailbox. A lot can shift in that window.

The HonestDoor Price is updated in real time using actual transaction data. Right now it's pegging Southridge houses at $426,469 - while the predicted market value for houses specifically comes in at $415,884. That gap between what the city thinks your home is worth and what the market is actually doing is exactly where money gets left on the table.

If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to use. Not the assessment that's been sitting in a government database since last year.

The "So What?" - Should You Sell This Summer?

If you're thinking about listing this summer, the conditions are genuinely decent. Homes are selling fast - 13 days average. The one sale we saw closed above asking. And rental demand is real, with estimated rent at $2,155 per month and a rental yield of 5.79%. That yield is strong enough that investors are paying attention to Southridge, which adds another layer of buyer demand beyond just families looking to move in.

The honest caution: property values have dipped 0.45% recently, and the 3-month moving average of $418,736 is slightly above where predicted values sit today at $415,884. The market isn't surging. But it's not falling apart either.

The window is open. It's not wide open, but it's open. If your plan was to sell in the next year anyway, getting ahead of any further softening in growth rankings makes sense. A home priced right in Southridge right now has a real shot at a clean, fast sale - and possibly a little extra on top of asking.

• Rental yield: 5.79% - strong for investors
• Estimated monthly rent: $2,155
• Airbnb potential: approximately $107 per month
• Airbnb rank in Stony Plain: 24 out of all neighbourhoods tracked
• Speed rank: 8 out of 23 - faster than most of Stony Plain

Bottom line - Southridge is a stable, mid-range neighbourhood that moves faster than its price rank suggests. If you want to know exactly where your home sits in today's market, check your HonestDoor Price before you call an agent. It's the real-world number, not the government's best guess from 18 months ago.

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.