Balwin, Edmonton - July 2026 Real Estate Report

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

If you own a home in Balwin and you have not checked your HonestDoor Price lately, you are probably sitting on more equity than your last tax assessment is telling you. The city says the average Balwin home is worth $334,502. The real world says otherwise.

The Vibe: What Is Actually Happening on Our Streets

Balwin is a neighbourhood that does not make a lot of noise, but the numbers are quietly telling a good story. We have 1,107 assessed properties here, and the market is moving. Here is the split between houses and condos, because they are living in two very different realities right now.

Houses: Steady Demand, Real Money on the Table

If you have been watching the "For Sale" signs in Balwin, here is what is actually happening with houses. Six homes sold this month at an average sale price of $400,167 - that is up 13.3% from last month. Prices are climbing, and the HonestDoor Price for houses sits at $369,322, which is already above the city's static assessment.

• Average sale price: $400,167 (up 13.3% month over month)
• Average listing price: $334,900
• Price per square foot: $347
• Homes sold for 96% of list price on average
• Average days on market: 41
• Estimated monthly rent: $1,916 with a rental yield of 5.88%
• 3-month moving average: $368,917 - and the predicted value is trending above it

That 5.88% rental yield is genuinely strong. If you are an investor or thinking about holding your property as a rental, Balwin houses are delivering. On the neighbourhood leaderboard, Balwin houses rank 151 out of 302 for growth - right in the above-average tier for Edmonton. Days on market rank is 39 out of 103, meaning our homes are selling at a moderately fast pace compared to the rest of the city.

Condos: A Sleeper Story Worth Paying Attention To

Here is the one that might surprise you. Balwin condos are not flashy, but they are quietly outperforming almost everyone on the growth leaderboard. The HonestDoor Price for condos is $94,724, up 1.71% from the previous period, and the predicted value of $93,129 is already climbing past the 3-month moving average of $87,772.

• Average sale price: $117,000
• Average listing price: $78,900
• Price per square foot: $144
• Properties sold for 93.79% of list price
• Average days on market: 42
• Estimated monthly rent: $508 with a rental yield of 4.33%
• Recent value change: 4.89%

That growth rank is the headline here. Balwin condos rank 15 out of 296 neighbourhoods in Edmonton for growth. That puts us in the top 5% of the city. For an affordable entry point - price rank is 206 out of 220, meaning we are among the most affordable condo options in Edmonton - that kind of growth momentum is exactly what buyers and investors look for before a neighbourhood gets discovered.

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

Your city assessment is a snapshot taken months ago, using formulas that do not account for what buyers are actually paying on your street today. The HonestDoor Price is updated in real time, pulling from actual sales data. For Balwin houses, the average HonestDoor Price of $371,610 is 11.09% higher than the average assessed value across Edmonton. That gap is not a rounding error - that is real equity that your tax notice is not showing you.

Think of the HonestDoor Price as the number a well-informed buyer would start the conversation with. The assessment is what the city uses for tax purposes. Those are two very different things, and right now in Balwin, the gap between them is working in your favour.

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

Here is the straight talk for anyone considering listing this summer. Houses are selling at $400,167 on average, buyers are paying 96 cents on the dollar, and homes are moving in about 41 days. That is not a market that is stalling. It is a market that rewards sellers who price with current data, not last year's assessment.

Compare us to the neighbours. Delwood houses are averaging $405,114 and Elmwood Park is at $373,052 - both slightly ahead of us on price, and both growing at 0.10% to 0.14% year over year. Balwin is right in that same conversation, and our affordability relative to those neighbourhoods could actually work as a selling point - buyers priced out of Delwood are looking at us next.

For condo owners, the story is even more interesting. With a top-15 growth rank in the entire city and values trending up, this summer could be a smart window to act before that momentum gets priced in further.

Bottom line - check your HonestDoor Price before you call an agent, before you set a list price, and definitely before you assume your tax assessment tells the whole story. In Balwin right now, it does not.

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.