Wilmot, Summerside - June 2026 Real Estate Report

Wilmot, Summerside: Your Neighbour Just Got a Raise. Did You?

If you own a home in Wilmot and you haven't checked your property value lately, now is the time to pay attention. Prices here are moving - and your city assessment is almost certainly not keeping up. Here is what is actually happening on the ground right now.

The Vibe: Houses vs. Condos

Houses - Steady and Holding Value

We are seeing solid footing in the Wilmot house market. The average HonestDoor Price sits at $413,015, up 1.88% from the previous period. That is real money - not a rounding error. The predicted market value for houses comes in at $405,389, and that number is trending upward against a 3-month moving average of $399,909. The direction is clear: values are climbing.

• Average HonestDoor Price: $413,015 (up 1.88%)
• Average sale price: $430,000
• Price per square foot: $205
• Predicted market value: $405,389
• 3-month moving average: $399,909
• Recent value change: 1.50%
• Estimated monthly rent: $2,098 - $2,129
• Rental yield: 5.81% - that is a strong return
• Airbnb rank in Summerside: 3rd

That 5.81% rental yield is worth stopping on. For anyone in Wilmot thinking about holding a property as a rental, that number puts us ahead of a lot of comparable spots in the city. And on the Summerside neighbourhood leaderboard, our Airbnb potential ranks 3rd out of the pack - meaning short-term rental income here is genuinely competitive.

One honest note: our house growth rate ranks 5th out of 6 comparable neighbourhoods in Summerside. The market is not sprinting. But we are not sliding either - and our predicted value still beats nearby Reads Corner ($392,859), which tells us Wilmot is holding a real price advantage in this corner of the city.

Condos - The Quiet Outperformer

Here is the number that should turn heads: condo HonestDoor Prices in Wilmot are up 4.80% from the previous period. That is nearly five percent of growth in one swing. The average HonestDoor Price for condos is $370,996.

• Average HonestDoor Price: $370,996 (up 4.80%)
• Predicted market value: $354,004
• 3-month moving average: $355,475
• Recent value change: 3.33%
• Estimated monthly rent: $1,851 - $1,911
• Rental yield: 4.10% - moderate but consistent
• Airbnb rank in Summerside: 4th

The predicted value has dipped slightly below the 3-month moving average, so condos are taking a small breather right now. But that 4.80% HonestDoor Price jump tells us the underlying demand is real. On the neighbourhood leaderboard, condo growth ranks 3rd out of 4 comparable areas - middle of the pack, not the leader, but not the tail end either.

One thing worth knowing: compared to condo prices in nearby Sherbrooke, Summerside core, and St. Eleanors, Wilmot condos are significantly more affordable. If you own one here, you are sitting in the entry-level sweet spot of the market - which is exactly where buyer demand tends to show up first.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Your city assessment is a snapshot frozen in time. It gets updated on a schedule that has nothing to do with what buyers are actually paying today. The HonestDoor Price is a real-world check - it pulls from current market activity and updates continuously. Right now, for Wilmot houses, the HonestDoor Price of $413,015 is running ahead of the predicted model value of $405,389. That gap matters if you are pricing a home to sell, refinancing, or just trying to understand what you actually own.

Waiting for your next assessment to tell you what your home is worth is like checking last year's weather to decide what to wear today. The HonestDoor Price is the number that reflects right now.

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

Here is the straight talk for anyone in Wilmot weighing a summer sale.

• House prices are up and the trajectory is positive - but growth is not explosive. Pricing sharp and clean will matter more than waiting for a bigger wave.
• At $205 per square foot, Wilmot houses are priced competitively. Buyers looking for value in Summerside are going to find us before they find the pricier neighbourhoods nearby.
• Condo owners have a real story to tell - nearly 5% growth is a headline number. If you have been on the fence, this is a reasonable moment to have that conversation with an agent.
• Rental demand is strong. If selling is not the plan, holding and renting at a 5.81% yield on a house is a legitimate strategy right now.

Bottom line: Wilmot is not the flashiest market in Summerside right now, but it is a stable one with real upside for sellers who price it right. Check your HonestDoor Price before you do anything else - it is the most current number 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.