$803,000
typical price · −2.1% vs. a year ago
Typical time to sell~5 weeks
15 homes sold in September
Buyers had the edge in September. Price against today's competition, not last year's sale.
Mahogany real estate market · September 2026
Reviewed by Marnie Campbell, REALTOR® · Updated October 21, 2026 · CREB® data to September 2026
Mahogany Calgary Market Report for Sellers
What the latest CREB® numbers mean for your price and your timeline, by home type.
Reviewed by Marnie Campbell, REALTOR® · Updated October 21, 2026 · CREB® data to September 2026
Quick Answer
Should you sell in Mahogany right now?
It depends on your type of home. In September, buyers had the edge for detached homes, semi-detached homes and townhomes. For apartments, the market was fair for both buyers and sellers, right at the line.
What this means for you: Prices are a little lower than a year ago. The sellers doing well are pricing for today's market, not last year's.
- DetachedBuyers have the edgePrice and time to sell ↓
- Semi-detachedBuyers have the edgePrice and time to sell ↓
- TownhomeBuyers have the edgePrice and time to sell ↓
- ApartmentFair for buyers and sellersPrice and time to sell ↓
"Who has the edge" compares how many homes are for sale with how fast they're selling. CREB® data, September 2026. How this works →
By home type · September 2026
Price and timing for your home type
What a typical home is worth, how that's changed in a year, and how long they're taking to sell.
$553,000
typical price · −1.8% vs. a year ago
Typical time to sell~7 weeks
4 homes sold in September
Buyers had the edge in September. Well-priced homes still sell.
$452,000
typical price · −5.1% vs. a year ago
Typical time to sell~6 weeks
3 homes sold in September
Buyers had the edge in September. The first price matters.
$305,000
typical price · −8.4% vs. a year ago
Typical time to sell~9 weeks
12 homes sold in September
Right at the line between fair and buyers. Price and presentation decide who sells.
Marnie's Take
Most sellers ask me how the market is doing. The better question is how your type of home is doing. One month of data can swing, especially with only a handful of sales, so I look at the trend before I tell anyone to change their plan.
Source: CREB® Mahogany monthly statistics, September 2026. Typical price is the September 2026 MLS® Home Price Index benchmark, compared with the same month last year. Time to sell is the average days on market for homes sold in September. September is a single month: 15 detached, 4 semi-detached, 3 townhome and 12 apartment sales, so the smaller categories swing a lot from month to month.
Detached benchmark price (MLS® HPI) · January 2025 to September 2026
Detached home prices found a floor last winter
The typical Mahogany detached home fell about 8% from its spring 2025 peak to January 2026, a deeper drop than the 6% for detached homes across Calgary. Since then Mahogany has recovered about 3% and Calgary about 2%. Mahogany detached homes still sit about 9% above the city's.
Typical detached home price MLS® Home Price Index benchmark
View as table
| Month | Mahogany detached | City of Calgary detached |
|---|---|---|
| January 2025 | $837,900 | $749,300 |
| February 2025 | $841,700 | $758,400 |
| March 2025 | $843,000 | $766,600 |
| April 2025 | $846,700 | $766,300 |
| May 2025 | $839,500 | $766,300 |
| June 2025 | $836,400 | $761,300 |
| July 2025 | $834,400 | $758,100 |
| August 2025 | $828,800 | $752,500 |
| September 2025 | $820,000 | $746,500 |
| October 2025 | $809,300 | $740,400 |
| November 2025 | $793,000 | $730,300 |
| December 2025 | $782,800 | $726,300 |
| January 2026 | $780,700 | $724,000 |
| February 2026 | $788,600 | $734,300 |
| March 2026 | $796,700 | $741,300 |
| April 2026 | $802,400 | $745,400 |
| May 2026 | $806,100 | $747,800 |
| June 2026 | $793,900 | $750,500 |
| July 2026 | $798,100 | $743,900 |
| August 2026 | $808,100 | $744,300 |
| September 2026 | $803,000 | $739,400 |
City of Calgary figures: CREB® City of Calgary monthly statistics. Source: CREB®, MLS® Home Price Index.
Where sellers get caught
Pricing from what a neighbour got last year.
Every Mahogany property type is priced lower than a year ago. Starting from an old sale puts you above the market before your home is even listed.
How to price for today's market →
Typical detached home
September 2025$820,000
September 2026$803,000
−2.1% in a year
Marnie's Take
Prices haven't fallen off a cliff. They've settled. The sellers I see struggle are the ones still anchored to spring 2025. Buyers are shopping today's prices, and your list price has to meet them there.
Latest month · September 2026
How does Mahogany compare with the rest of Calgary?
The same month, side by side: Mahogany, the rest of South East Calgary, and the city as a whole.
September at a glance
September at a glance, all home types
34homes sold, down 24% from last September
88new listings, up 13%
139homes for sale at month-end
98.3%of list price, on average
Typical price
Benchmark price
Mahogany
$803,000
South East Calgary
$699,000
City of Calgary
$739,000
Price change
September vs. last September
Mahogany
−2.1%
South East Calgary
−1.6%
City of Calgary
−0.9%
Days to sell
Average for homes that sold
Mahogany
36 days
City of Calgary
38 days
Typical price
Benchmark price
Mahogany
$553,000
South East Calgary
$506,000
City of Calgary
$685,000
Price change
September vs. last September
Mahogany
−1.8%
South East Calgary
−1.6%
City of Calgary
+0.1%
Days to sell
Average for homes that sold
Mahogany
46 days
City of Calgary
43 days
Typical price
Benchmark price
Mahogany
$452,000
South East Calgary
$421,000
City of Calgary
$412,000
Price change
September vs. last September
Mahogany
−5.1%
South East Calgary
−5.5%
City of Calgary
−5.5%
Days to sell
Average for homes that sold
Mahogany
42 days
City of Calgary
50 days
Typical price
Benchmark price
Mahogany
$305,000
South East Calgary
$309,000
City of Calgary
$291,000
Price change
September vs. last September
Mahogany
−8.4%
South East Calgary
−8.0%
City of Calgary
−8.3%
Days to sell
Average for homes that sold
Mahogany
60 days
City of Calgary
55 days
Sources and notes
Single-month figures. In September, Mahogany had 15 detached, 4 semi-detached, 3 townhome and 12 apartment sales, so the smaller categories swing a lot from month to month. Days to sell isn't published for the South East district. Sources: CREB® City of Calgary monthly statistics and CREB® Mahogany community statistics, September 2026. Benchmark prices: MLS® Home Price Index. South East Calgary is CREB®'s South East district.
Months of supply · September 2026
Months of supply: the most important number for sellers to know
It shows whether buyers or sellers have the edge right now, and how much your starting price matters.
"Months of supply is the time it would take for the current inventory to sell at the current rate. It's calculated by dividing the number of houses currently for sale by the average number of homes sold per month."
CREB®, Calgary's real estate board
1
Think of it like a store shelf
Mahogany has about 139 homes for sale. About 34 sell each month. If no new homes were added, how long until the shelf is empty?
2
Read it like a gauge
The faster the shelf empties, the more buyers are competing. The slower it empties, the more choice buyers have. A reading has to hold for a few months before it counts as a true buyer's or seller's market.
- Sellers have the edgeUnder 2 months. Few homes, buyers compete.
- Fair for buyers and sellers2 to 3 months. Normal activity.
- Buyers have the edgeOver 3 months. Buyers can shop around.
What this means for you: In September, the needle moved past "fair" into buyer's territory. One month doesn't make it a buyer's market, but buyers can compare more homes, so the price you start at matters more.
Ranges follow CREB®'s guidance for Calgary: seller's conditions emerge when supply stays under 2 months for at least three months, 2 to 3 months is typical of normal activity, and buyer's conditions can start to show when supply is above 3 months and sustained. CREB® notes the line can vary by home type. Data: CREB® Mahogany statistics, September 2026.
Decision framework
Sell now or wait?
The market matters less than your next move. Here's how most sellers decide.
Now often makes sense if
- You're moving up within Calgary. You sell and buy in the same market, so a softer market helps on the buying side too.
- You're relocating on a deadline. Certainty is worth more than waiting for a better month.
- Your home is ready to list. Prepared and priced to today, it competes well now.
Waiting can make sense if
- You have no fixed timeline. You can choose the season with less competition for your home type.
- Your home needs work first. Listing before it's ready costs more than the wait.
- Your next home isn't clear yet. Settle where you're going before you set a price.
The Risk Here
Waiting for prices to bounce back is a bet, not a plan. If you'd sell and buy in Calgary either way, the gap between the two usually matters more than the price of either.
Marnie's Take
I'd rather help you decide not to sell than help you list at the wrong time. Your next move should set your timing, not the headlines.
What do these numbers mean for your home?
The report shows the community. A 15-minute call applies it to your home: your type, your street and the listings you'd compete with right now.
Book a 15-minute call Or see what sets a Mahogany price →