Spruce Grove, Spruce Grove - July 2026 Real Estate Report

Spruce Grove Real Estate Right Now: What Your Neighbours Aren't Telling You

If you've been watching the "For Sale" signs in Spruce Grove lately, here's what's actually happening. The market is taking a breather on the growth side, but houses are still moving fast - and the numbers behind your home's value might surprise you.

The Vibe: Houses vs. Condos in Spruce Grove

Houses

We're sitting in a stable buyers' market for houses right now. Homes are selling, just not at a frantic pace. The average sale price came in at $395,000, with listings averaging $400,000 this month. That gap tells you buyers have a little room to negotiate - and they're using it. Properties sold at 98.75% of list price on average, so sellers are getting close to what they're asking, but not every dollar.

The standout stat here? Houses are spending an average of just 9 days on the market. That's fast. In fact, days-on-market ranks 2nd out of 17 comparable neighbourhoods in Spruce Grove. So while price growth is slower, demand is real. Buyers aren't sleeping on listings.

• Average sale price: $395,000
• Average list price this month: $400,000
• Price per square foot: $406
• Sale-to-list ratio: 98.75%
• Average days on market: 9
• Estimated monthly rent: $2,074
• Rental yield: 5.79%
• Growth rank: 17 out of 19 neighbourhoods in Spruce Grove

That rental yield of 5.79% is worth a second look. For anyone holding a house here as an investment, that's a strong return. The Airbnb side is quieter - around $103 per month in estimated income - so long-term tenants are the smarter play right now.

Condos

The condo picture in Spruce Grove is a bit more complex. One condo sold this period at $275,000, while listings are averaging $139,900 - that's a wide gap, and it reflects a thin, uneven market with very few transactions to draw clean conclusions from. Take those averages with some context in mind.

Condos are sitting on the market for about 21 days on average, and they're selling at 98.28% of list price. Buyers are in the driver's seat here too. Growth ranks 15th out of 17 comparable neighbourhoods - near the bottom of the leaderboard. Values have dipped 1.64% recently.

• Average sale price: $275,000
• Average list price this month: $139,900
• Price per square foot: $210
• Sale-to-list ratio: 98.28%
• Average days on market: 21
• Estimated monthly rent: $3,696
• Rental yield: 3.45%
• Growth rank: 15 out of 17 neighbourhoods in Spruce Grove

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 what happened on your street last week. The HonestDoor Price is updated in real time, pulling in actual transaction data and current market signals. That's a meaningful difference when you're making a decision worth hundreds of thousands of dollars.

For houses in Spruce Grove, the average HonestDoor Price is $426,137. The predicted market value sits at $432,918 - and that number is trending upward from the 3-month moving average of $431,023. Your tax assessment won't show you that upward momentum. HonestDoor does.

For condos, the average HonestDoor Price is $1,152,080 - up 7.97% from the previous period. The predicted market value is $1,067,051, also trending up from a 3-month average of $1,060,075. If you're a condo owner and you're only looking at your assessment, you could be leaving a very different picture on the table.

Think of the HonestDoor Price as your real-world check. It's what the market is actually saying your home is worth today - not what a government office calculated last year.

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

If you own a house in Spruce Grove and you're thinking about listing this summer, the timing has something going for it. Homes are moving in 9 days on average. That's not a slow market - that's buyers who are ready. You won't be sitting on a listing for months wondering what went wrong.

The honest part: growth ranks 17th out of 19 on the neighbourhood leaderboard, and values have dipped slightly. So this isn't a "prices are exploding, list tomorrow" moment. It's more of a "steady demand, price it right and it moves fast" moment. Sellers who are realistic about price are getting 98.75 cents on every dollar they ask. That's not bad.

For condo owners, the market is thinner and slower. Twenty-one days on market and a growth rank near the bottom of the leaderboard means you need to be patient and priced competitively. The rental yield of 3.45% is moderate - not a reason to rush a sale, but not a reason to hold forever either.

Bottom line for Spruce Grove homeowners: check your HonestDoor Price before you do anything else. It's the most current read on what your home is actually worth - and in a market like this one, knowing your real number is the best move you can make before summer.

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.