Allendale, Edmonton - October 2026 Real Estate Report
Allendale Real Estate Check-In: Prices Are Holding, But the Market Is Sending Mixed Signals
If you own a home in Allendale and you haven't looked at your property value lately, now is a good time to pay attention. The numbers tell an interesting story - one that your city tax assessment definitely isn't telling you.
The Vibe: What's Actually Happening in Our Neighbourhood
Let's break it down by property type, because houses and condos are living in two very different realities right now.
Houses in Allendale
If you've been watching the "For Sale" signs on our streets, here's what's actually happening. The average sale price for houses hit $653,180 - up 23.2% from last month. That sounds exciting, but pump the brakes for a second. Only 5 houses sold, which is down 28.6% from the month before. A big price jump on a small number of sales can be misleading. One or two higher-end homes crossing the finish line can skew the whole average.
The more telling number? Homes are sitting on the market for an average of 80 days. Compare that to our neighbour Parkallen at 54 days, and it's clear we're moving slower. Buyers here are taking their time, and they're getting it - properties are selling at 97.83% of list price, meaning sellers are giving a little ground to close the deal.
- Average sale price (houses): $653,180
- Average list price: $564,400
- Sale-to-list ratio: 97.83%
- Properties sold this period: 5
- Average days on market: 80 days
- Predicted market value: $532,352
- 3-month moving average: $540,631
- Rental yield: 5.58%
- Estimated monthly rent: $2,615
- Growth rank: 148 out of 285 neighbourhoods in Edmonton
That growth rank puts us in the below-average tier on Edmonton's neighbourhood leaderboard right now. We're not at the bottom, but we're not climbing fast either. The predicted market value is also dipping slightly below the 3-month average, which signals the market is taking a breather after some earlier momentum.
Condos in Allendale
The condo picture is quieter - just 1 sale this period at $437,500, with listings averaging $449,900. Buyers paid 97.24% of list price, so again, a small discount off asking. Days on market came in at 73, still slower than Parkallen's 54-day pace.
Here's the standout stat for condo owners: Allendale condos rank 17 out of 218 neighbourhoods in Edmonton for price. That puts us near the top of the city's price leaderboard for condos - a strong position to be in. The flip side is that growth ranks 229 out of 297, so values aren't climbing fast right now.
- Average sale price (condos): $437,500
- Average list price: $449,900
- Price per square foot: $286
- Sale-to-list ratio: 97.24%
- Properties sold this period: 1
- Average days on market: 73 days
- Predicted market value: $395,336
- 3-month moving average: $401,068
- Rental yield: 4.02%
- Estimated monthly rent: $2,035
- Price rank: 17 out of 218 neighbourhoods in Edmonton
- Growth rank: 229 out of 297 neighbourhoods in Edmonton
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, built on data that's even older. It doesn't know what happened on your street last week. The HonestDoor Price is updated in real time using actual market activity, which makes it a far more useful number when you're making real decisions about real money.
For houses in Allendale, the average HonestDoor Price is $533,411 - sitting 1.25% above the average city assessed value of $526,828. That gap might sound small, but on a $500,000-plus asset, it adds up. The HonestDoor Price has also nudged up 0.20% from the previous period, while the city's number just sits there collecting dust until next year's assessment cycle.
For condos, the average HonestDoor Price is $390,001. It has dipped 1.35% from the previous period, which is actually useful information - it tells you the market is softening slightly before your assessment even catches up to that reality. Knowing this now means you can plan ahead instead of being surprised later.
With 921 properties assessed in Allendale this year and 70 total transactions recorded in 2026, there's enough real activity here to make the HonestDoor Price a reliable read on where things actually stand.
The "So What?" - Thinking About Selling This Summer?
If you're a homeowner in Allendale weighing whether to list this summer, here's the honest take.
For house sellers - the sale price average looks strong on paper, but 80 days on market and only 5 sales tell you buyers aren't rushing. You'll likely need to price sharp and present well to avoid sitting. The good news is that a rental yield of 5.58% means if you're not in a hurry to sell, holding and renting is a genuinely solid backup plan at roughly $2,615 a month.
For condo sellers - you're sitting in a top-tier price position in Edmonton (rank 17 out of 218), which is real leverage. But with values trending slightly down from the 3-month average and a growth rank of 229 out of 297, waiting for a big price surge may not be the right strategy. If your life circumstances make selling the right move, the market will support a reasonable price - just don't expect a bidding war.
Compared to nearby neighbourhoods, both Parkallen and Pleasantview are running slightly ahead of us in growth - Parkallen at 0.09% and Pleasantview at 0.10% year over year versus our 0.06%. They're also priced higher, with Parkallen houses averaging $609,911 and Pleasantview at $614,028. That means Allendale still offers relative value for buyers, which is actually a selling point you can use in your listing conversation.
Bottom line - check your HonestDoor Price before you do anything else. It's the most current number you have, and in a market that's shifting month to month, current matters.
allendale | 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.