University Heights, Calgary - July 2026 Real Estate Report

University Heights, Calgary: Your Home Is Worth More Than the City Thinks - But the Window May Be Closing

The Vibe Right Now

If you have been watching the "For Sale" signs in University Heights, here is what is actually happening. The neighborhood is sitting at a crossroads. Houses are moving fast - we are talking an average of 1 day on market - and sellers are getting above asking. Condos are a different story. They are taking longer to move and selling slightly below list. Two very different markets, same postal code.

Houses: The Good News First

The house market here is genuinely strong right now. One sale does not make a trend, but the numbers behind it tell a real story.

• Average sale price: $1,850,000
• Average list price this month: $1,795,000
• Sold at 103.06% of list price - buyers are paying over asking
• Average days on market: 1 day - ranked 2nd fastest in all of Calgary
• Price per square foot: $935
• Price rank: 22nd out of 220 Calgary neighborhoods - we are in the top 10%
• Predicted market value: $1,204,744
• Estimated rent: $4,751 per month with a 4.41% rental yield

Houses here are selling fast and selling high. That 103% sale-to-list ratio is not an accident - it means buyers want in and they are willing to fight for it. The flip side? Property values have dipped 1.69% recently and the predicted value is trending down slightly from the 3-month average of $1,209,222. This is a sellers' market taking a small breather, not collapsing.

One honest flag: growth rate ranks 210th out of 233 Calgary neighborhoods. University Heights sits near the bottom of the leaderboard on appreciation right now. Fast sales and high prices, yes - but the upward momentum is not there the way it once was.

Condos: A Buyers' Market in the Same Backyard

The condo picture is softer. Buyers here have more leverage, and the data backs that up.

• Average sale price: $277,500
• Average list price: $284,944
• Sold at 97.39% of list price - buyers are negotiating below asking
• Average days on market: 28 days
• Price per square foot: $297
• HonestDoor Price: $962,679 - up 4.15% from the previous period
• Predicted market value: $924,293
• Estimated rent: $3,432 per month with a 3.36% rental yield
• Growth rank: 194th out of 216 Calgary neighborhoods

The gap between the HonestDoor Price and the actual sale price here is worth paying attention to. The HonestDoor Price reflects the full condo asset value in the neighborhood, while recent sales are skewing lower. If you own a condo in University Heights, do not let a low sale comp next door define what your specific unit is worth. The HonestDoor Price is doing the heavier analytical lifting here.

Also worth noting: the average condo sale price of $277,500 is slightly below what condos are fetching in nearby St Andrews Heights at $327,500. That is a gap worth watching if you are thinking about where to buy next.

The Secret Sauce: Your HonestDoor Price vs. the City's Assessment

Here is the thing about your city assessment. It is a snapshot from the past. The City of Calgary assessed the average University Heights property at $1,120,255. The average HonestDoor Price right now is $1,181,139. That is a $60,884 difference - and the HonestDoor Price is 5.43% higher than what the city has on file.

Why does that matter? Because if you are making any financial decision - refinancing, selling, estate planning, even just knowing your net worth - using a stale government number means you are working with incomplete information. The HonestDoor Price pulls from real-time market signals. The assessment does not update every time a comparable home sells down the street. Yours does.

For condos, the HonestDoor Price jumped 4.15% from the previous period. That kind of move in a short window is exactly the reason to check your number today rather than waiting for the city to catch up - which could be months away.

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

If you own a house in University Heights and you have been sitting on the fence, the data is giving you a nudge. Homes are selling in a single day and buyers are paying over asking. That is about as clear a green light as a market gives you. The growth rank is not impressive right now, which means waiting for appreciation to do the work for you is not the play. The buyers are here today.

If you own a condo, the calculus is different. You are in a buyers' market where negotiation is expected. Pricing sharp from day one matters more than it does for houses. Coming in too high and sitting for 30-plus days will cost you more than pricing it right from the start.

Either way, check your HonestDoor Price before you call an agent. Walk into that conversation knowing your number - not the city's number from last year. University Heights ranks 23rd in Calgary for average assessed value, which tells you this is a high-value neighborhood. Make sure your asking price reflects that reality.

• Neighborhood overall HonestDoor Price: $1,181,139 - down 1.96% recently
• 464 properties assessed this year
• 13 total transactions in 2026 across all property types
• Airbnb potential: $233 per night (ranked 57th in Calgary)
• Nearby comparison - St Andrews Heights HD Price: $1,477,163 - the priciest neighbor on the block
• Nearby comparison - University District HD Price: $1,241,482
• Nearby comparison - University of Calgary HD Price: $1,087,638 - the most affordable of the three

Bottom line: University Heights is still one of Calgary's top-tier addresses. The house market is moving fast and rewarding sellers right now. The condo side needs a sharper strategy. And in both cases, your HonestDoor Price is the most honest starting point you have got.

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.