Balwin, Edmonton - August 2026 Real Estate Report

Balwin, Edmonton: Your Home Is Worth More Than The City Thinks

If you have been glancing at your city assessment and assuming that is what your home is worth, it is time for a reality check - a good one. The numbers coming out of Balwin right now tell a more interesting story than that piece of paper in your mailbox.

The Vibe: What Is Actually Happening in Balwin

Balwin is a steady, affordable corner of northeast Edmonton that does not make a lot of noise - but the numbers are moving in the right direction for homeowners. We have 1,107 properties assessed here this year, and the market is showing some real signs of life depending on what you own.

Houses: Solid Ground, But Patience Required

If you own a house in Balwin, here is the honest picture. The average sale price is sitting at $420,000, up 5.0% from last month. That is a strong jump. Listings are averaging $425,000, and homes are selling at 98.82% of list price - meaning buyers are getting a small discount, but sellers are not giving away the farm.

• Average sale price: $420,000 (up 5.0% from last month)
• Average list price: $425,000
• Price per square foot: $369
• Sale-to-list ratio: 98.82%
• Average days on market: 61 days
• Properties sold this month: 1
• HonestDoor Price: $372,268 (up 0.18% from last period)
• Estimated monthly rent: $1,927
• Rental yield: 5.87%

The one thing to keep in mind is that 61 days on market is not a quick flip. Our houses are sitting a bit longer than faster-moving Edmonton neighbourhoods - the days-on-market rank is 58 out of 108, which puts us in the slower half. Price-wise, we rank 229 out of 285 neighbourhoods, meaning Balwin is genuinely one of the more affordable options in the city. For buyers, that is the appeal. For sellers, it means pricing sharp matters.

On the growth leaderboard, Balwin houses rank 159 out of 292 Edmonton neighbourhoods. That is below average, but it is not a red flag - it is a neighbourhood that is holding its value without the volatility you see elsewhere.

Condos: Small Price, Faster Move

The condo story in Balwin is a different one, and honestly, it is worth paying attention to. Condos here are among the most affordable in all of Edmonton - price rank is 201 out of 218 - but they are moving faster than houses. Average days on market is 42 days, and the growth rank sits at 96 out of 302 neighbourhoods, which puts condos in the above-average tier for Edmonton.

• Average sale price: $117,000
• Average list price: $78,900
• Price per square foot: $144
• Sale-to-list ratio: 93.79%
• Average days on market: 42 days
• Properties sold this month: 2
• HonestDoor Price: $95,997 (up 1.34% from last period)
• Estimated monthly rent: $517
• Rental yield: 4.34%

The HonestDoor Price on condos jumped 1.34% recently - that is a faster clip than the house segment. If you own a condo here and have not looked at your real-time value lately, now is a good time to check.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here is the thing about city assessments - they are a snapshot from the past. The City of Edmonton calculates assessed values based on data that can be months or even over a year old by the time it lands in your hands. For houses in Balwin, the average assessed value is $334,502. The average HonestDoor Price is $372,268. That is an $37,766 gap - and it is 11.29% higher than the Edmonton average assessed value.

That gap is not a glitch. It is the market catching up to reality faster than the city's process can. The HonestDoor Price pulls from real-world transaction data and updates in real time, so it reflects what a buyer would actually pay today - not what a spreadsheet said last year. If you are making any financial decision tied to your home's value - refinancing, selling, even just knowing your net worth - the HonestDoor Price is the number to use.

The "So What?" - Thinking About Selling This Summer?

If you are a Balwin homeowner eyeing a summer sale, here is the straight talk.

For house sellers, the market is active but not frantic. Prices are up 5.0% month-over-month, which gives you momentum. But with 61 average days on market and only 1 sale recorded this month, you need to price it right from day one. Overpricing in a slower-volume market is the fastest way to sit on a listing through the summer. Come in sharp, near that $420,000 range, and you have a real shot at a clean sale.

For condo sellers, the conditions are actually quite decent. Condos are selling faster - 42 days on market - and the growth rank puts Balwin condos in the top third of Edmonton neighbourhoods. With only 7 total transactions in 2026 so far, inventory is thin, which works in a seller's favour.

Either way, check your HonestDoor Price before you do anything else. It is the real-world number - not the city's version of it. Knowing the difference could change how you price, when you list, and how much you walk away with.

Balwin is not the flashiest neighbourhood on the Edmonton map, but it is honest - and right now, it is quietly delivering for the people who own here.

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.