Bannerman, Edmonton - September 2026 Real Estate Report

Bannerman Real Estate Update: Steady Hands in a Fast-Moving City

If you live on a Bannerman street and you have been wondering whether your home is keeping pace with the rest of Edmonton, here is the honest answer: you are holding your own, and in some corners of this neighbourhood, you are doing better than the city average thinks you are.

The Vibe: What Is Actually Happening Here

Let us break it down by property type, because houses and condos are telling two very different stories right now.

Houses - A Quiet Sellers' Market

If you own a house in Bannerman, the numbers are working in your favour. The average sale price is sitting at $406,750, and homes are moving fast - an average of just 14 days on market. That earns us a days-on-market rank of 13 out of 112 Edmonton neighbourhoods. That is top-tier speed.

• Average sale price: $406,750
• Average list price this month: $402,450
• Price per square foot: $356
• Homes selling at 101.16% of list price - buyers are paying over ask
• Average days on market: 14
• Predicted market value: $359,179 - up from the 3-month average of $356,221
• Estimated monthly rent: $1,885 with a rental yield of 5.89%
• 17 house transactions recorded in 2026

Buyers paying above list price is not a fluke. It means demand is real and supply is tight. The predicted value is trending upward, which tells us the momentum is not fading yet. On the neighbourhood leaderboard, our house growth ranks 153 out of 291 Edmonton neighbourhoods - right in the middle of the pack, but with that days-on-market rank of 13, we are punching above our weight when it comes to actual buyer demand.

Condos - Affordable Entry Point, But Buyers Have the Upper Hand

The condo picture is a different conversation. Buyers here have more leverage, with properties selling at 91.67% of list price and an average of 93 days on market. That said, there is a silver lining: our condo growth rate ranks 73 out of 302 Edmonton neighbourhoods, placing us in the above-average tier for value growth.

• Average sale price: $187,000
• Average list price this month: $108,000
• Price per square foot: $188
• Properties selling at 91.67% of list price - a buyers' market
• Average days on market: 93 (still faster than nearby Fraser at 108 days)
• Predicted market value: $155,038 - up from the 3-month average of $154,528
• Estimated monthly rent: $850 with a rental yield of 4.34%
• 26 condo transactions recorded in 2026
• Price rank: 194 out of 216 - among the most affordable condos in Edmonton

If you are a buyer looking for an entry point into Edmonton real estate, Bannerman condos are worth a serious look. If you are a condo owner thinking about selling, pricing strategy matters more right now than it does on the house side. Do not overprice and sit.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is something most Bannerman homeowners do not realize. The city's assessed value for houses here is $352,208. The HonestDoor Price is $352,474. That gap is tiny - just 0.08% - but the key difference is timing. Your city assessment is a snapshot from months ago. The HonestDoor Price updates in real time, pulling from actual market activity as it happens.

For condos, the gap is more meaningful. The city says the average condo is worth $150,254. The HonestDoor Price says $152,973 - about 1.81% higher. If you are making any financial decision based on your assessed value alone, whether that is refinancing, listing, or just knowing where you stand, you are working with old information. The HonestDoor Price is the real-world check that keeps you current.

Both property types have seen a slight dip in HonestDoor Price recently - houses down 1.87% and condos down 1.33% from the previous period. The market is taking a breather. That is normal. It does not mean values are falling off a cliff; it means now is exactly the right time to get an updated number before making any moves.

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

For house owners, this summer looks like a reasonable window. Buyers are active, they are paying over list, and homes are not sitting around. You are not in a runaway boom, but you are in a market that rewards well-priced, well-presented homes. With a predicted value of $359,179 trending upward and only 14 days average time on market, a serious seller has real options right now.

Compare us to the neighbours: Fraser is priced much higher at an average HonestDoor Price of $611,269 for houses, and Kirkness sits at $397,266. Bannerman is the more accessible option in this pocket of Edmonton, and that accessibility is exactly what draws buyers in.

For condo owners, the calculus is different. With 93 days on market and buyers negotiating below list, you need to go in priced right from day one. The good news is that our condo growth rank of 73 out of 302 means the underlying value story is solid - it is just a slower burn than the house market.

Bottom line: check your HonestDoor Price before you do anything else. It takes two minutes and it will tell you more about where you actually stand than any tax notice in your mailbox.

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.