Albany, Edmonton - September 2026 Real Estate Report

Albany, Edmonton Real Talk: Your Home Is Worth Less Than the City Thinks - And That Actually Matters

If you live in Albany and you have been glancing at your latest city assessment thinking "nice number," hold on. The real-world data tells a slightly different story - and knowing the gap could save you from a bad decision this summer.

The Vibe: What Is Actually Happening in Albany Right Now

Albany is a steady, mid-range neighbourhood sitting at a crossroads. We are not in a hot seller's market, but we are not in freefall either. Think of it as a market that is taking a breather. Here is how houses and condos are each playing out:

Houses: Solid Ground, But Buyers Are in the Driver's Seat

If you own a house in Albany, the market is moving - just slowly. Two sales this month, with homes sitting on the market for an average of 87 days. That is not a panic number, but it is not a weekend-open-house-frenzy number either.

• Average sale price: $575,000
• Current listings averaging: $325,000
• Price per square foot: $217
• Homes selling at 98.15% of list price - buyers are getting a small discount
• Days on market: 87 days (ranked 80 out of 112 Edmonton neighbourhoods - slower than most)
• Predicted market value: $622,891 - up from the 3-month average of $618,094
• Estimated rent: $2,987 per month with a 5.40% rental yield - that is a strong return
• Recent value change: 0.19%
• Growth rank: 139 out of 291 Edmonton neighbourhoods - above average, sitting in the middle of the pack

The predicted value of $622,891 is nudging upward, which is a good sign. And if you are thinking about renting instead of selling, a 5.40% yield is genuinely solid - better than a lot of what we see across the city.

Condos: Prices Dipped, But They Are Moving Faster

The condo side of Albany is a different story. Prices dropped 8.7% from last month, landing at an average sale price of $188,000. That stings a little. But here is the flip side - condos are selling in 43 days on average, which ranks 35 out of 112 Edmonton neighbourhoods. That means our condos move faster than most of the city.

• Average sale price: $188,000 (down 8.7% from last month)
• Current listings averaging: $199,000
• Price per square foot: $221
• Condos selling at 94.47% of list price - buyers are negotiating harder here
• Days on market: 43 days (ranked 35 out of 112 - faster than most)
• Predicted market value: $255,597 - up from the 3-month average of $254,463
• Estimated rent: $1,381 per month with a 4.26% rental yield - moderate but decent
• Recent value change: 1.16%
• Growth rank: 63 out of 302 Edmonton neighbourhoods - genuinely above average

That growth rank of 63 out of 302 is worth paying attention to. On the neighbourhood leaderboard for condo value growth, Albany condos are in the top quarter of Edmonton. The monthly price dip looks rough, but the trend line is still pointing up.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about city assessments - they are a snapshot from months ago, built on broad formulas. They do not know what sold on your street last week. The HonestDoor Price is updated in real time using actual transaction data, which makes it a much better gut-check for what your home is worth today.

For Albany houses, the gap is significant. The city's average assessed value is $625,232. The HonestDoor Price is $588,866 - that is 5.82% lower, and it has come down 4.83% from the previous period. If you are pricing a house to sell based on your assessment, you could be starting too high and sitting on the market longer than you need to.

For condos, the story flips. The city assessed Albany condos at an average of $234,400. The HonestDoor Price is $258,019 - that is 10.08% higher than the assessed value, and it has ticked up 0.95% recently. Condo owners here may actually be sitting on more value than the city is giving them credit for.

• House HonestDoor Price: $588,866 (down 4.83%, sits 5.82% below city assessment)
• Condo HonestDoor Price: $258,019 (up 0.95%, sits 10.08% above city assessment)
• 246 house properties assessed this year
• 331 condo properties assessed this year
• Albany neighbourhood growth: 0.07% year over year

Bottom line - do not let a government number from six months ago drive a six-figure decision. Check your HonestDoor Price first.

The So What: Thinking About Selling This Summer?

If you own a house in Albany and you are thinking about listing this summer, here is the honest take. The market is a buyers' market right now. Homes are taking about 87 days to sell and buyers are getting small discounts off list price. That does not mean do not sell - it means price it right from day one. Overpricing based on your city assessment will cost you time, and time on market costs you leverage.

Your HonestDoor Price of $588,866 is the smarter starting point for that conversation with your agent. The predicted value of $622,891 suggests there is upside, but the market needs to be respected.

If you own a condo, the calculus is a bit different. Yes, prices dipped last month. But condos are selling faster than most of Edmonton, your HonestDoor Price is actually above your city assessment, and the growth rank puts Albany condos in a strong position on the neighbourhood leaderboard. If your life situation calls for selling, the conditions are not bad - just price it honestly and do not anchor to last month's higher number.

For anyone not ready to sell, the rental numbers make a strong case for holding. A 5.40% yield on a house and 4.26% on a condo are both numbers that beat sitting on the sidelines. Albany is not the flashiest neighbourhood in Edmonton, but it is a quiet, consistent performer - and sometimes that is exactly what you want.

• Albany Airbnb rank in Edmonton: 119 (houses), 165 (condos)
• Albany average assessed value rank: 52 (houses), 73 (condos)
• Total transaction rank: 86 (houses), 50 (condos)
• Nearby comparison - Goodridge Corners houses average $874,429 if you want to see what the ceiling looks like nearby
• Nearby comparison - Rapperswill and Oxford both come in cheaper on houses, and both are growing slower

Albany is holding its own. Know your real number, price it right, and you will be fine.

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.