University Heights, Peterborough - October 2026 Real Estate Report
University Heights, Peterborough: What Your Home Is Actually Worth Right Now
The Vibe on the Ground
If you live in University Heights and you haven't checked your HonestDoor Price lately, now is the time. The market here is sending mixed signals depending on what you own - and the gap between house and condo performance is worth paying attention to.
Houses: Holding Steady, But Watch the Trend
The average HonestDoor Price for a house in University Heights sits at $743,416 - up 1.26% from the previous period. That sounds like good news, and it mostly is. But the short-term picture is a bit more honest. The 3-month predicted value is tracking at $734,178, which is actually down from the 3-month moving average of $736,909. In plain terms, the recent momentum has softened a little.
On the neighbourhood leaderboard, University Heights houses rank 14 out of 24 in Peterborough for growth. That puts us in the below-average tier right now. Not a crisis - just a reality check worth knowing before you price anything.
The rental story is genuinely strong though. Estimated rent comes in at $3,408 per month with a rental yield of 5.18%. That is a number landlords and investors notice. If you are holding a house here and renting it out, you are in a good spot.
- Average HonestDoor Price (Houses): $743,416
- Recent price change: +1.26%
- 3-month predicted value: $734,178
- Estimated monthly rent: $3,408
- Rental yield: 5.18%
- Airbnb estimate: $171 per night
- Airbnb rank in Peterborough: 5th
- Growth rank: 14 out of 24 in Peterborough
Condos: Taking a Breather
Condos in University Heights are having a rougher stretch. The average HonestDoor Price is $537,043, down 7.47% from the previous period. The 3-month predicted value is $580,420, but that is also sliding from a moving average of $595,382. Values have dipped 1.44% recently, and the growth rank sits at 15 out of 22 Peterborough neighbourhoods. Below average, full stop.
The rental yield on condos is 3.68% - moderate, not spectacular. Estimated rent is $2,844 per month. If you own a condo here and you are thinking about your next move, this data matters. Waiting for the market to bounce back on its own is a strategy, but it is not a guaranteed one.
- Average HonestDoor Price (Condos): $537,043
- Recent price change: -7.47%
- 3-month predicted value: $580,420
- Estimated monthly rent: $2,844
- Rental yield: 3.68%
- Airbnb estimate: $133 per night
- Airbnb rank in Peterborough: 6th
- Growth rank: 15 out of 22 in Peterborough
How University Heights Stacks Up Nearby
For houses, Auburn ($646,857) and Edmison Heights ($601,736) are both cheaper than University Heights. Trent is the pricier neighbour at $868,195. For condos, Auburn ($455,185) and Downey ($494,885) come in below us, while Edmison Heights is in a completely different price category at $1,909,341.
What this tells us is that University Heights sits in a solid middle ground - not the entry-level option, not the top of the market. That positioning matters when you are thinking about who your buyer actually is.
The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment
Here is the thing about your city assessment - it is a snapshot from the past. It does not know that condo values in University Heights have shifted 7.47% recently. It does not know that house values are softening on a 3-month basis even while the annual number looks positive. The HonestDoor Price updates in real time, which means it reflects what a buyer would actually pay today - not what the city decided your home was worth during a previous assessment cycle.
If you are making any financial decision tied to your home - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to start with. Your tax assessment is a billing tool. The HonestDoor Price is a market tool.
So What Does This Mean If You Are Thinking About Selling This Summer?
For house owners, the window is still open but it is not getting wider. Values are up year-over-year, but the short-term trend is softening. Listing this summer while the annual gain is still in your corner makes more sense than waiting to see if the 3-month slide reverses on its own.
For condo owners, the conversation is more urgent. A 7.47% drop is not something to sit on. If selling is on your radar at all, getting a current HonestDoor Price and talking to a local agent now - before the summer market peaks and passes - is the move. Holding through a soft patch hoping for a recovery is a gamble, not a plan.
Either way, the first step is the same. Pull your HonestDoor Price today and see exactly where you stand. No guessing, no waiting for a letter from the city. Just the real number.
university heights | peterborough | october 2026This 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.