Hey Jason: What Is My Home Worth?

Published May 2026 · Updated October 1, 2026 · By Jason Todd, Calgary REALTOR® · Southeast Calgary (Cranston, Mahogany, McKenzie Towne, Auburn Bay)

From July 1 through September 29, 2026, I pulled detached sales in Cranston (54 sales) and Mahogany (60 sales). The pattern held: homes that sold quickly stayed close to original list. Homes that sat longer gave up ground. In Cranston, sales over 60 days averaged −9.4% versus original list (9 sales). In Mahogany, that bucket averaged −6.1% (15 sales). On an $800,000 home, that's about $75,000 versus $49,000. That's why pricing strategy matters as much as picking a comp.

Home Value in Southeast Calgary

I get this question constantly — in Cranston, Mahogany, McKenzie Towne, Auburn Bay, and pretty much everywhere I work in southeast Calgary.

Sometimes you're thinking about selling.

Sometimes you're just curious.

And sometimes a neighbour's house sells and suddenly you're wondering if your place might be worth more than you thought.

Fair question.

If you read my last Hey Jason piece on why similar row homes in Mosaic Mirage sold for different prices, you already know one sold price doesn't tell the whole story. This article is the next step: how we actually figure out what your home is worth before you list.

The problem is there isn't a website or calculator that can tell you exactly what your home is worth.

If it were that simple, realtors wouldn't spend so much time looking through sold data and walking through properties.

Your home's value isn't determined by what someone is asking.

It's determined by what buyers have actually been willing to pay.

So How Do Realtors Figure Out What a Home Is Worth?

Most people think we pull up a few homes nearby, average the prices, and come up with a number.

It's a little more than that.

The first thing I look at is recently sold properties that are actually similar to yours — same community, similar size, style, age, and condition. A 1,200 sq ft bungalow and a 2,400 sq ft two-storey a few blocks away aren't comps. Buyers don't treat them that way, and neither should we.

But that's only the starting point.

The next thing I look at is how those homes got to their final sold price.

Did they sell in a week?

Did they sit for two months?

Did they sell close to asking?

Did the seller reduce the price before a buyer finally showed up?

The sold price tells us what happened.

Those details tell us why — and that's usually what matters more when we're setting a strategy for your home.

What the Data Shows

I pulled detached sales from July 1 through September 29, 2026 in Cranston (54 sales) and Mahogany (60 sales) — all with complete original list price and days-on-market data.

Days on market is how long the home sat before it sold. Avg vs list is the sold price compared with the original asking price. A negative number means the home sold under original list, on average.

Source: MLS® sold data, Pillar 9 / CREB®, Cranston and Mahogany detached sales, July 1 – September 29, 2026. Figures believed accurate at time of writing; not intended as an appraisal.

The pattern was surprisingly consistent in both communities: homes that sold quickly stayed much closer to their original asking price. Homes that sat longer gave up more ground.

In Cranston, homes that sold within the first 14 days averaged −0.6% versus original list. In Mahogany, the same window averaged −0.7%. Close in both communities. Not a guarantee.

Cranston still moved a little faster at the top of the funnel — 12 of 54 sales (22%) closed within two weeks, versus 9 of 60 (15%) in Mahogany. Median days on market were about 30 in Cranston and 31 in Mahogany. Median sold price landed at 97.4% of original list in Cranston and 97.0% in Mahogany.

The 60-plus day bucket is where the money shows up. Cranston averaged −9.4% versus original list (9 sales). Mahogany averaged −6.1% (15 sales). Cranston's sample is thinner there. The direction is the same.

On an $800,000 home, that's about $75,000 in Cranston and $49,000 in Mahogany.

That's real money.

And it's one of the reasons pricing strategy matters so much.

Want to see how your home compares to what actually sold in your community? Send me a message. I'll pull the comps and walk you through them.

The Biggest Mistake Sellers Make

A lot of homeowners focus on the highest number they can find.

They see a neighbour list at a certain price and assume their house must be worth the same.

But asking price and market value are not the same thing.

Anyone can ask whatever they want.

The market decides whether buyers agree.

When a home starts too high, it often sits. Price reductions follow. Buyers start wondering what's wrong with it. And in many cases, the seller ends up accepting less than they may have if the home had been priced correctly from day one.

That doesn't mean every home should be aggressively underpriced.

It means market value usually shows up where buyers engage early.

You can see that pattern in the Cranston and Mahogany numbers above. If you're already listed and wondering about a cut, read Do I Need to Drop My Price?

Jason's Take

When someone asks me what their home is worth, I'm not trying to find the highest possible number.

I'm trying to find the number that gives them the best result.

That means looking at recent sold properties in their community — Cranston, Mahogany, or wherever they live — plus days on market, buyer demand, price reductions, and how similar homes actually performed.

Your home's value isn't set by a tax assessment, an online calculator, or what a neighbour hopes to get.

It's set by what buyers are willing to pay today in your specific community.

And the best way to figure that out is to study what's already happened — not one sale, but several, with the full story behind each one.

Frequently Asked Questions

Can Zillow or an online calculator tell me my home's value?

Not accurately. Online tools use algorithms and stale data. They don't walk through your home, account for condition, or read the story behind each comp. They're a starting point at best, not a list price.

How long does it take to sell a house in Cranston or Mahogany?

It depends on price and presentation. From July 1 through September 29, 2026, 12 of 54 Cranston detached sales closed within 14 days; 9 of 60 Mahogany sales did the same. Median days on market were about 30 in Cranston and 31 in Mahogany. Homes that sat 31–60 days averaged −5.2% versus original list in Cranston and −3.2% in Mahogany.

Is Mahogany or Cranston harder to sell in right now?

Neither is "hard" — but the data differs. Cranston had a higher share of 0–14 day sales (22% vs 15%). Mahogany had more sales sitting past 60 days (15 vs 9), but a smaller average discount there (−6.1% vs −9.4%). Your home's condition, price point, and list strategy matter more than the community name alone.

What's the difference between list price and market value?

List price is what the seller asks. Market value is what a buyer actually pays. Overpriced homes tend to sit, then sell for less.

How do I get an accurate home value in southeast Calgary?

Look at several recent sold properties in your community that truly compare to yours, or ask a local REALTOR® to pull MLS comps. Start with a Home Value Estimate, browse Cranston Homes for Sale, or read How Do You Set My Listing Price? if you want the day-one method I use.

More in the Hey Jason Series

Read How Do You Set My Listing Price? · Do I Need to Drop My Price? · Why Did My Neighbour Sell for More? · Is My Tax Assessment What My House Is Worth? · Hey Jason hub

Have a Calgary Real Estate Question?

Wondering what your Cranston, Mahogany, or southeast Calgary home is worth today? Drop me a note. I'll pull the comps, walk you through what actually sold, and we can talk it through.

No hard sell. Just straight answers.

Jason Todd | Calgary REALTOR® | (403) 255-5555 | jasontodd.ca

Got a question for the Hey Jason series? Send it my way. Yours might be the next article.