Albany, Edmonton - October 2026 Real Estate Report
Albany, Edmonton Real Estate: What Your Neighbour Isn't Telling You
If you've been watching the "For Sale" signs on your street and wondering what's actually going on, here's the straight story. Albany is a neighbourhood in a bit of a split personality moment right now - houses and condos are telling two very different stories, and which one applies to you matters a lot for your wallet.
The Vibe: Houses vs. Condos in Albany
Houses - Taking a Breather
Let's be honest with each other. The house market in Albany is showing some mixed signals. The average sale price sits at $594,000, which is up 3.3% from last month - that sounds great on the surface. But dig a little deeper and we see that homes are sitting on the market for an average of 87 days, and buyers are only paying 98.15% of list price. That means sellers are giving a little ground to get deals done.
The predicted market value for houses is $592,816, and that number is actually sliding down compared to the 3-month moving average of $612,475. Property values have shifted by -4.83% recently. On the neighbourhood leaderboard, Albany houses rank 256 out of 285 for growth in Edmonton. That puts us near the bottom of the pack - worth knowing before you price your home based on last year's optimism.
- Average sale price: $594,000 (up 3.3% from last month)
- Price per square foot: $265
- Average days on market: 87
- Sale-to-list ratio: 98.15% - buyers are negotiating
- Properties sold this month: 6
- 3-month moving average: $612,475 - current values are below this
- Growth rank: 256 out of 285 Edmonton neighbourhoods
- Rental yield: 5.46% - strong if you're thinking of holding
Condos - A Quieter but Steadier Story
Condos in Albany are actually doing something houses aren't right now - moving in the right direction. The predicted value of $258,019 is creeping up past the 3-month moving average of $255,429. Values have nudged up 0.95% recently, and on the neighbourhood leaderboard, Albany condos rank 85 out of 297 for growth. That puts us in above-average territory for Edmonton - a much better position than the house side of the market.
Only 1 condo sold this month, so we're working with thin data here. But condos are moving in about 43 days on average, which is noticeably faster than houses. Buyers are paying 94.47% of list price, so there's still room to negotiate, but the trend line is pointing up.
- Average sale price: $334,000
- Price per square foot: $289
- Average days on market: 43 - faster than houses
- Sale-to-list ratio: 94.47% - buyers have leverage
- Predicted market value: $258,019 and rising
- Growth rank: 85 out of 297 Edmonton neighbourhoods - above average
- Rental yield: 4.25% - moderate but steady
- Rental estimate: $1,399 per month
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's something most Albany homeowners don't realize. The city's assessed value for houses in our neighbourhood averages $625,232. But the HonestDoor Price - which pulls from real-world, current market activity - comes in at $596,979. That's a gap of 4.52%. If you're making any financial decision based on your tax assessment, you could be working with a number that's inflated by thousands of dollars compared to what buyers are actually paying today.
For condos, it flips the other way. The average assessed value is $234,400, but the HonestDoor Price is $259,385 - that's 10.66% higher than what the city has on file. If you own a condo in Albany and you've been underestimating what it's worth, the real-time data says you're selling yourself short.
The city does its assessments once a year. The market moves every single week. The HonestDoor Price is the real-world check that keeps you from guessing.
- House HonestDoor Price: $596,979 - up 1.38% from last period
- House assessed value: $625,232 - 4.52% higher than what the market reflects
- Condo HonestDoor Price: $259,385 - up 0.53% from last period
- Condo assessed value: $234,400 - 10.66% lower than what the market reflects
The "So What?" - Thinking About Selling This Summer?
If you own a house in Albany and you're thinking about listing this summer, the data is telling you to move with clear eyes. Homes are taking nearly 3 months to sell, buyers are negotiating, and the predicted value is sitting below the recent 3-month average. That doesn't mean you can't sell well - it means you need to price sharp from day one. Overpricing based on your tax assessment could cost you weeks on market and a lower final number anyway.
If you own a condo, the picture is a bit brighter. Values are trending up, the growth rank puts Albany condos in the top third of Edmonton neighbourhoods, and properties are moving faster. Summer could be a decent window to act before the market shifts again.
Either way, the smartest first move is checking your HonestDoor Price before you call an agent or set a number in your head. It's the only figure that reflects what's actually happening in Albany right now - not what happened last January when the city did its paperwork.
- Albany has 246 assessed houses and 331 assessed condos - a lot of competition on the street
- Only 17 house transactions and 5 condo transactions recorded in 2026 so far - this is a relatively low-volume market
- Neighbourhood growth is 0.07% year over year - steady but not setting any records
- Nearby Goodridge Corners averages $828,471 - if you're upsizing, that's the premium tier next door
- Rental income potential for houses sits at roughly $2,903 per month - holding is a real option if selling feels rushed
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.