Balwin, Edmonton - September 2026 Real Estate Report

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

The Vibe Right Now

If you've been watching the "For Sale" signs in Balwin, here's what's actually happening. The neighbourhood is steady - not flashy, not crashing. It's the kind of place where the numbers tell a quiet, honest story. And that story is worth reading before your next tax bill arrives.

With 1,107 properties assessed this year and 49 house transactions already logged in 2026, there's real activity here. The city has assessed the average Balwin home at $334,502. But the HonestDoor Price tells a different story - and it's a better one for homeowners.

Houses vs. Condos - Breaking It Down for Us

Houses

The average HonestDoor Price for a Balwin house sits at $361,920. That's 8.20% higher than what the city's assessment says your home is worth. The predicted market value is even stronger at $372,268 - and it's trending up from the 3-month moving average of $371,067. That's momentum, even if it's modest.

Yes, the average sale price dipped hard recently - down 43.8% from last month to $236,000. But pump the brakes before that number scares you. Only 1 property sold. One. That's not a trend, that's a single transaction. With a price per square foot around $247 and homes selling at 98.82% of list price, serious buyers are still paying close to asking.

The honest caveat: homes are sitting on the market for an average of 61 days. The market is taking a breather. Sellers need to price sharp.

• HonestDoor Price: $361,920 (down 2.78% from last period)
• Predicted Market Value: $372,268
• Average Sale Price: $236,000 (1 sale - low sample)
• Price Per Square Foot: $247
• Sale-to-List Ratio: 98.82%
• Average Days on Market: 61
• Estimated Monthly Rent: $1,930
• Rental Yield: 5.87%
• Growth Rank: 140 out of 291 neighbourhoods - above average in Edmonton
• Price Rank: 251 out of 285 - among the most affordable in the city

Condos

Balwin condos are a different animal. They're affordable, they're moving, and the growth story is actually turning heads. The average HonestDoor Price is $91,194, with a predicted market value of $95,997 - up from the 3-month moving average of $94,617. That 1.34% recent value change earned Balwin condos a growth rank of 57 out of 302 Edmonton neighbourhoods. That puts us in the top tier for condo growth city-wide.

Two condos sold recently at an average of $117,000, and they moved in 42 days on average. Buyers paid 93.79% of list price, so there's room to negotiate - but deals are still getting done. At a price rank of 201 out of 216, these are some of the most affordable condos in Edmonton, full stop.

• HonestDoor Price: $91,194 (down 5.00% from last period)
• Predicted Market Value: $95,997
• Average Sale Price: $117,000
• Price Per Square Foot: $144
• Sale-to-List Ratio: 93.79%
• Average Days on Market: 42
• Estimated Monthly Rent: $525
• Rental Yield: 4.34%
• Growth Rank: 57 out of 302 - top performers in Edmonton
• Price Rank: 201 out of 216 - among the most affordable in the city

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Assessment

Here's the thing about your city assessment: it's a snapshot from months ago, built on formulas that don't know your renovated kitchen or your quiet street. The HonestDoor Price is a real-time check on what the market actually thinks your home is worth today.

For Balwin houses, that gap is $27,418 - the difference between the city's $334,502 assessment and the HonestDoor Price of $361,920. That's not a rounding error. That's real equity that a static government number is leaving on the table.

If you're making any financial decision tied to your home - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to start with. Not the assessment notice that showed up in the mail.

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

For house sellers, the window is open but it requires strategy. Homes are sitting 61 days on average, and buyers are negotiating. Price it right from day one - overpriced listings are getting ignored. The good news is that at 98.82% sale-to-list ratio, well-priced homes are still selling close to ask. Aim for that $361,000 to $372,000 range and you're in the conversation.

Check your neighbours too. Delwood houses are averaging $396,501 and Elmwood Park is at $365,604. Balwin is priced below both - which means buyers looking in those areas who get priced out will land here. That's a real advantage heading into summer.

For condo sellers, the story is even more interesting. A growth rank of 57 out of 302 means Balwin condos are outperforming most of the city right now. Inventory is thin, buyers are active, and at 42 days on market, things move faster than on the house side. If you've been sitting on a condo and wondering when to list - this summer is worth a serious look.

Bottom line: Balwin isn't the flashiest neighbourhood on the Edmonton leaderboard, but it's punching above its weight on growth and value. Know your real number before you make any move.

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.