Wilmot, Summerside - July 2026 Real Estate Report

Wilmot, Summerside: Your Neighbours Are Watching the Numbers - Are You?

The Vibe Right Now

If you live on a quiet street in Wilmot and you've been wondering whether your home is holding its value, the short answer is: yes, and then some. The longer answer depends on whether you own a house or a condo - because those two stories are playing out very differently right now.

Houses: Steady and Holding Ground

For us house owners in Wilmot, the market is doing exactly what you want it to do - holding firm. The average HonestDoor Price sits at $411,326. That's a very slight dip of 0.44% from the previous period, which in plain terms means almost nothing changed. Think of it as the market catching its breath, not retreating.

The deeper signal is in the predicted value. Our houses are tracking at a predicted market value of $413,152, which is climbing above the 3-month moving average of $406,044. That upward trend matters. It tells us the short-term wobble is just noise.

• Average HonestDoor Price: $411,326
• Recent sale average: $430,000
• Price per square foot: $205
• Predicted market value: $413,152
• 3-month moving average: $406,044
• Recent value change: 1.89%
• Growth rank: 2 out of 6 neighbourhoods in Summerside - above average
• Average rental estimate: $2,117 per month
• Rental yield: 5.79% - that is a strong return

That growth rank is worth pausing on. Out of 6 comparable neighbourhoods in Summerside, Wilmot houses rank 2nd for growth. We are near the top of the leaderboard. Reads Corner is the closest competition, with a predicted value of $409,481 - we are ahead of them.

On the rental side, $2,117 a month in estimated rent with a 5.79% yield is genuinely solid. If you have ever thought about holding your property as an investment instead of selling, that number gives you real ammunition for the conversation.

Condos: The Comeback Story

Condo owners in Wilmot, pay attention here - your numbers just moved in a big way. The average HonestDoor Price for condos jumped 7.69% to $399,512. That is not a rounding error. That is real movement in a short window.

• Average HonestDoor Price: $399,512
• Recent HonestDoor Price change: up 7.69%
• Predicted market value: $370,996
• 3-month moving average: $355,860
• Recent value change: 4.80%
• Average rental estimate: $2,034 per month
• Rental yield: 4.07% - moderate but positive
• Growth rank: 4 out of 4 neighbourhoods in Summerside

Here is the honest part though. On the neighbourhood growth leaderboard, Wilmot condos rank 4th out of 4 in Summerside. That puts us at the bottom of the pack for condo growth comparisons. The good news is the predicted value is still climbing above its 3-month average, so the direction is right - but we are not leading the pack here. Worth knowing before you make any big decisions.

One more thing for condo owners: compared to nearby neighbourhoods like Sherbrooke, Summerside core, and St. Eleanors, Wilmot condos are priced significantly lower. That gap could mean upside ahead, or it could reflect a real difference in what buyers are willing to pay. Either way, you need current data - not a two-year-old assessment - to figure out where you actually stand.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now

Here is the thing about your city assessment - it is a snapshot from the past. It gets updated on a schedule that has nothing to do with what is actually happening on your street this month. The HonestDoor Price is a real-time estimate that moves with the market. When condo values jump 7.69% in a single period, your assessment has no idea that happened yet.

For Wilmot homeowners, that gap between your assessment and your HonestDoor Price is where the real information lives. If your assessment says one number and HonestDoor says another, the HonestDoor number is the one that reflects what a buyer would actually offer you today. That is the number that matters if you are refinancing, selling, or just trying to understand what you actually own.

Check your HonestDoor Price at honestdoor.com. It takes about 30 seconds and it is free. Do not make a six-figure decision based on a number the government calculated two years ago.

The So What - Thinking About Selling This Summer?

If you own a house in Wilmot and you are thinking about listing this summer, the timing is not bad. We are sitting 2nd on the growth leaderboard, predicted values are trending up, and the average sale price of $430,000 shows buyers are still writing real cheques. The market is not on fire, but it is not stalling either. A well-priced house here has a genuine audience.

If you own a condo, the 7.69% price jump is encouraging - but go in with clear eyes. Growth rank is 4th out of 4, which means other parts of Summerside are outpacing us on condos right now. That does not mean do not sell. It means price it right from day one. Overpricing a condo in a market where you are not leading on growth is the fastest way to sit on the listing through the summer.

Either way, the first move is the same: pull your HonestDoor Price, compare it to what your neighbours sold for, and have an honest conversation about what the market is actually telling you - not what you hoped it would say.

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.