Mahogany Q2 2025 Home Prices – What Buyers Need to Know

Considering a move to Mahogany? Whether you're a first-time buyer or relocating for lifestyle, this in-depth Q2 market guide will help you understand what Mahogany homes are really selling for—and how to buy confidently.

Why Buyers Are Drawn to Mahogany

Mahogany isn’t just a neighbourhood—it’s a lifestyle that many Calgary buyers fall in love with from the moment they visit.

Calgary’s most award-winning lake community continues to attract buyers who want more than just a house—they want a lifestyle. With private lake access, scenic wetlands, and walkable retail, Mahogany blends community connection with outdoor living like no other neighbourhood in the city.

Market Overview – Q2 2025 Snapshot

Let’s break down the current market to help you spot where the opportunities are in today’s more balanced landscape.

• Homes Sold: 150 (+20% YOY)
• Active Listings: 153 (+135% YOY)
• Benchmark Price: $586,200 (↓ 3.1% YOY)
• Average Days on Market: 42 (↑ from 24 last year)
• Months of Supply: 3.07 (balanced market)

What it means for buyers: Inventory has returned, bidding wars have cooled, and savvy buyers now have more negotiating power—especially in the apartment and semi-detached segments.

Mahogany Detached Homes – What You Need to Know

From laned homes to estate properties near the wetlands, detached homes in Mahogany offer something for every buyer—but prices and pace vary.

Let’s break down the current Q2 market so you can understand what detached homes in Mahogany are really selling for—and where the opportunities are in 2025.

• Sales Volume: 102 (↑ from 76 in Q2 2024)
• Benchmark Price: $821,400 (↔ flat YOY)
• Median Sold Price: $722,500 (↓ 10.8% YOY)
• Average Sold Price: $805,139 (↓ from $828,000 in Q2 2024)
• Average Days on Market: 30 (↑ from 21 in Q2 2024)
• Sale-to-List Price Ratio: 99.1% (↓ from 100.2%)

Buyer Insights: Most detached homes sold between $675,000 and $850,000. The median price is significantly lower than the average, meaning many homes are still accessible for buyers under $750K. Larger or upgraded properties regularly push toward—and past—the $1M mark, especially with triple garages, walkout basements, or lake access.

Detached Buyer Tip: Focus on functional square footage, lot size, and resale configuration. Detached homes in Mahogany are long-term plays—especially near the wetlands or lake.

Not sure what all the pricing numbers mean? Click here to understand benchmark, average, and median prices.

Mahogany Semi-Detached Homes (Duplexes)

For many buyers, semi-detached homes provide that sweet spot of space, price, and low maintenance in Mahogany.

Let’s break down the Q2 2025 numbers to help you understand what’s happening in the duplex market.

• Sales Volume: 15 (↓ from 17 in Q2 2024)
• Benchmark Price: $580,500 (↔ no change YOY)
• Median Sold Price: $610,000 (↑ 3.4% YOY)
• Average Sold Price: $641,373 (↑ from $626,000 in Q2 2024)
• Average Days on Market: 44 (↑ from 35 in Q2 2024)
• Sale-to-List Price Ratio: 99.3% (↓ slightly from 99.7%)

Buyer Insights: A great middle ground between affordability and privacy. Popular with first-time buyers who want a yard, garage, and no monthly condo fees. The semi-detached segment shows stable pricing and moderate demand.

Marnie says: If you don’t need the size of a detached home but still want the feel of one, a duplex in Mahogany is a smart option. They often offer similar finishes, great curb appeal, and value per square foot.

Mahogany Townhomes (Row Housing)

Mahogany’s townhomes are popular with first-time buyers and investors alike, offering affordability and community access.

Here’s how the Q2 2025 market performed for row-style housing in Mahogany.

• Sales Volume: 2 (↓ from 7 in Q2 2024)
• Benchmark Price: $498,300 (↔ flat YOY)
• Median Sold Price: $349,500 (↔ no change YOY)
• Average Sold Price: $349,500 (↓ from $363,000 in Q2 2024)
• Average Days on Market: 62 (↑ from 43 in Q2 2024)
• Sale-to-List Price Ratio: ~99.7% (↔ flat)

Buyer Insights: While the data is limited due to few sales, townhomes remain steady in price. For many first-time buyers, this is the entry point into Mahogany—and a good one if condo fees are reasonable and the layout fits your needs.

Townhome Tip: Compare units across the complex. Exposure, proximity to visitor parking, and backyard access can affect future resale value.

Mahogany Apartment Condos

Condos in Mahogany offer the lowest price entry point into the community, with strong lifestyle and long-term rental potential.

Below is how the Q2 2025 condo market performed in Mahogany:

• Sales Volume: 31 (↑ from 27 in Q2 2024)
• Benchmark Price: $356,733 (↓ 4.0% YOY)
• Median Sold Price: $492,000 (↔ flat YOY)
• Average Sold Price: $674,594 (↑ from $648,000 in Q2 2024, skewed by luxury)
• Average Days on Market: 64 (↑ from 38 in Q2 2024)
• Sale-to-List Price Ratio: 97.9% (↓ from 98.5%)

Buyer Insights: Apartment prices have held steady, with median prices around $492,000. Inventory remains high, which means more choice and leverage for buyers. Be cautious—average prices are skewed by Westman Village luxury condos. Look at median values to gauge affordability.

Apartment Buyer Tip: If you're looking to buy and hold, focus on units with underground parking, balconies, and strong rental potential. These features will protect your value in future markets.

Disclaimer: All data is sourced from the Calgary Real Estate Board (CREB®) and internal sales analysis. Information is deemed reliable but not guaranteed. Home values and market conditions can vary by property type, location, and timing. Buyers should consult with a licensed real estate professional to make informed decisions based on current market conditions.

Next Steps for Mahogany Buyers

Here’s how to move forward with clarity and confidence—because buying in Mahogany should feel exciting, not overwhelming.

Step 1: Know What You Can Afford

Start with a mortgage pre-approval so you’re ready when the right home hits the market. Detached homes are still moving quickly—especially under $800K.

Step 2: Decide What You’re Not Willing to Compromise On

• Do you need a garage or would street parking work?
• Is a private yard a must or will a balcony do?
• Are you okay with paying monthly condo fees—or would you prefer a home where you own the land and maintain it yourself?

Step 3: Watch Days on Market

Many Mahogany listings are staying active longer than last year. Homes listed for over 30 days could indicate motivated sellers—and that’s when negotiations open up.

Step 4: Compare Resale Factors

Even if you’re buying for the long-term, future resale matters. We’ll help you evaluate:

• Location within Mahogany (e.g., lake access vs. outer edge)
• Lot size and exposure (south-facing yards sell better)
• Community phases (some hold value stronger than others)

Step 5: Partner With a Mahogany Real Estate Expert

We’ve helped hundreds of buyers find the right home at the right time in Mahogany. If you want data-backed advice and no-pressure guidance—we’re here to help.

What Do Benchmark, Average, and Median Prices Actually Mean?

If you're scrolling real estate stats and wondering what all the different prices mean—you're not alone. Here's a quick breakdown to help you feel more confident reading market reports like a pro.

Benchmark Price

This is the most helpful number for tracking the “typical” home over time. It’s based on a model that considers what a standard home in Mahogany looks like—accounting for features like square footage, location, and number of bedrooms. Think of it as the price for a typical Mahogany home—something right in the middle of what most people are buying, not the most expensive or the cheapest.

Why it matters: The benchmark price is ideal for spotting trends and market shifts. It’s what the Calgary Real Estate Board (CREB®) uses to compare month-to-month and year-over-year changes.

Average Price

This is the total of all home sale prices divided by the number of homes sold. It’s useful, but it can be heavily skewed if there were several million-dollar homes—or a lot of lower-priced condos—in the mix that month.

Why it matters: Average price gives you a general idea of what buyers spent in a given period, but it doesn’t always reflect the price of the “typical” home in Mahogany.

Median Price

This is the middle point of all sold prices—half the homes sold above this number and half sold below. Unlike the average, the median isn’t pulled higher by a few luxury sales, which makes it a great reality check.

Why it matters: Median price helps you understand what buyers are actually paying across all price points. It’s often more representative than the average in a diverse community like Mahogany.

Marnie’s Insight

When I look at Mahogany market stats, I always compare all three prices—benchmark, average, and median—because together, they tell the full story. If you're unsure how to interpret the numbers for your situation, that’s exactly where I can help. It’s not just about data—it’s about making decisions with confidence.

Looking for a Mahogany Real Estate Expert?

If Mahogany feels like the right place for you, having the right real estate guide makes all the difference.

As one of Calgary’s most unique communities—with lake access, wetlands, custom home pockets, and multiple builder phases—Mahogany isn’t a neighbourhood where you want to guess. You want someone who knows the streets, the resale trends, and the subtle differences that affect value.

Our team loves helping buyers and sellers in Mahogany—from first-time condo owners to luxury lakefront clients. We know which homes hold their value, how to spot future resale issues before you buy, and what to watch for in older phases versus new construction.

Whether you're relocating, upsizing, or buying your very first home, we’re here to help you feel confident, informed, and protected every step of the way.

Let’s talk about your goals and whether Mahogany is the right fit for your lifestyle—and your investment.

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About the Author: Marnie Campbell
Marnie is a trusted Calgary REALTOR® with 18+ years of experience, over 800 real estate transactions, and 150+ five-star reviews. She leads a team dedicated to helping clients make confident, no-regret real estate decisions.

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