Aldergrove, Edmonton - October 2026 Real Estate Report
Aldergrove Real Estate Update: Your Assessment Is Lying to You
If you own a home in Aldergrove and you're still looking at your city assessment to figure out what your place is worth, stop. That number is stale. The real story is a lot more interesting - and a lot more valuable to you.
The Vibe: What's Actually Happening on Our Streets
Aldergrove is a neighbourhood that doesn't make a lot of noise, but the numbers are worth paying attention to. We've got 1,272 houses and 312 condos assessed this year, and the two markets are telling very different stories right now.
Houses: Prices Are Up, But Take a Breath
If you've been watching the "For Sale" signs in Aldergrove, here's what's actually happening with houses. The average sale price hit $489,000 this month - that's up 19% from last month, which sounds like a headline. But before you pop the champagne, note that homes are sitting on the market for an average of 65 days, and sellers are getting about 97 cents on the dollar at the negotiating table. Buyers have leverage here.
- Average sale price (houses): $489,000 - up 19% from last month
- Average list price this month: $640,000
- Price per square foot: $326
- Average days on market: 65 days
- Sale-to-list ratio: 96.88% - buyers are paying below asking
- Properties sold this month: 4
- HonestDoor predicted value: $594,290
- 3-month moving average: $602,848 - values are drifting slightly lower
- Rental yield: 5.67% - that's a strong return if you're thinking income property
- Estimated monthly rent: $2,566
The predicted market value of $594,290 is actually pulling back a little from the 3-month moving average of $602,848. The market isn't crashing - it's taking a breather. Our growth rank sits at 143 out of 285 Edmonton neighbourhoods, which puts us in the below-average tier on the leaderboard right now. Not the bottom, but not climbing fast either.
Condos: Fast-Moving and Surprisingly Pricey
Here's where Aldergrove condos get interesting. Only 1 condo sold this month, so we're working with thin data - but that one sale moved fast. Nine days on market. That's a blink. And the price rank? Number 1 out of 218 Edmonton condo neighbourhoods. Yes, number one. That's a wild stat for a neighbourhood that doesn't always get top billing.
- Average sale price (condos): $2,400,000 - treat this with caution given only 1 sale
- Price per square foot: $2,024
- Average days on market: 9 days - among the fastest in Edmonton
- Sale-to-list ratio: 96.42%
- HonestDoor predicted value: $182,171
- 3-month moving average: $181,447 - values are nudging upward
- HonestDoor Price growth: up 4.57% from the previous period
- Estimated monthly rent: $989
- Rental yield: 4.32% - moderate but steady
Condo growth ranks 207 out of 297 on the Edmonton leaderboard - below average for appreciation. But the speed of sale and the price rank tell us demand is real when a unit does hit the market. Nearby condos in Belmead, Lymburn, and Thorncliff are all priced a bit higher, so we're actually the entry point into this pocket of west Edmonton.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about your city assessment. It's a snapshot from months ago, calculated using broad formulas across thousands of properties. It doesn't know your renovated kitchen. It doesn't know what sold two streets over last Tuesday.
For houses in Aldergrove, the average city assessment sits at $414,057. The average HonestDoor Price is $595,173. That's a gap of nearly $181,000 - or 43.74% higher than what the city thinks your home is worth. That's not a rounding error. That's a different financial reality.
For condos, the assessed average is $169,551. The HonestDoor Price comes in at $190,491 - about 12.35% higher, and trending up 4.57% from the last period. The HonestDoor Price updates in real time using actual market transactions. Your assessment does not. If you're making any financial decision - refinancing, selling, even just knowing your net worth - use the number that reflects today, not last year.
The "So What?" - Thinking About Selling This Summer?
Straight talk: if you're a house owner in Aldergrove thinking about listing this summer, the conditions are mixed but workable. Prices are up month-over-month, which is good. But 65 days on market and a buyers' market dynamic means you need to price sharp from day one. Overpricing and chasing the market down is a losing strategy right now.
Your HonestDoor Price of $595,173 (neighbourhood average) gives you a realistic anchor. Listings are averaging $640,000 right now, but sales are closing at $489,000. That gap is something every seller needs to understand before they pick a number.
For condo owners, the story is different. Nine days on market is your friend. If you're thinking about selling, the demand is there - it just doesn't show up every month. Timing and pricing close to the HonestDoor predicted value of $182,171 puts you in the right range for a fast, clean sale.
Bottom line for Aldergrove: your neighbourhood is holding steady, rental returns on houses are genuinely strong at 5.67%, and the gap between your assessment and your real market value is too big to ignore. Check your HonestDoor Price before you make any move.
aldergrove | edmonton | october 2026This 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.