Bellevue, Edmonton - July 2026 Real Estate Report

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

If you own a home in Bellevue and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment says the average home here is worth $383,661. The HonestDoor Price says $421,814. That is nearly $38,000 more - and that gap matters whether you are selling, refinancing, or just keeping score.

The Vibe: What Is Actually Happening in Bellevue Right Now

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

Houses - Fast-Moving, But Prices Are Taking a Breather

If you have been watching the "For Sale" signs in Bellevue, here is what is actually happening. Houses are selling fast - 18 days on market on average, which ranks 17th out of 103 Edmonton neighbourhoods for speed. That is genuinely quick. Buyers are not sitting on their hands here.

But the price side is a bit more complicated. The average sale price this month is $381,686, which is down 8.3% from last month. Listings are averaging $365,000. Buyers are paying 99.51% of list price, meaning they are getting a small discount. The market is cooling - not crashing, just taking a breather.

• Average sale price: $381,686 (down 8.3% from last month)
• Average list price this month: $365,000
• Price per square foot: $414
• Properties sold this month: 7
• Average days on market: 18
• Sale-to-list ratio: 99.51%
• Predicted market value: $412,548
• Rental yield: 5.80% - that is a strong return
• Estimated monthly rent: $2,104
• Growth rank: 140 out of 302 Edmonton neighbourhoods - above average
• Price rank: 234 out of 285 - among the most affordable in the city

The 3-month moving average for house values is $410,401 and the predicted value of $412,548 is creeping above it. That is a small but positive signal. We are not in freefall - we are in a reset.

Condos - A Bigger Swing, Worth Watching Closely

Condos in Bellevue are a different story. The HonestDoor Price for condos is $349,230, up 7.65% from the previous period. That is a solid jump. But the predicted market value right now is $324,417, and it is actually trending down from the 3-month moving average of $327,700. Values have shifted by -3.14% recently, which puts condo growth at rank 237 out of 296 Edmonton neighbourhoods - that is bottom-tier territory for the moment.

• HonestDoor Price (condos): $349,230 (up 7.65% from previous period)
• Predicted market value: $324,417
• 3-month moving average: $327,700 (values are dipping below this)
• Recent value change: -3.14%
• Estimated monthly rent: $1,729
• Rental yield: 4.16% - moderate but workable
• Airbnb estimate: $92 per night
• Growth rank: 237 out of 296 Edmonton neighbourhoods

For condo owners, the HonestDoor Price increase of 7.65% is encouraging, but the short-term trend is softening. If you are thinking about selling a condo in Bellevue, timing matters more right now than it does for house owners.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about your city assessment. It is a snapshot from months ago, built on a formula that does not know what sold on your street last week. It is not wrong exactly - it is just slow. The average assessed value in Bellevue is $383,661. The average HonestDoor Price is $421,814. That is a 9.94% difference.

Think about what that means in real terms. If you walked into a conversation with a buyer or a lender using only your tax assessment, you could be anchoring the whole negotiation $38,000 below where the real market sits. The HonestDoor Price updates in real time using actual transaction data. It is the real-world check against a number the city calculated before your neighbour sold their place and set a new benchmark.

There were 30 property transactions in Bellevue in 2026 across 469 assessed properties. That is enough real sales data to make the HonestDoor Price meaningful - not a guess, an estimate grounded in what people are actually paying.

The "So What?" - Should You Sell in Bellevue This Summer?

If you own a house in Bellevue and you are thinking about selling this summer, here is the honest read. The market is not on fire, but it is not broken either. Homes are moving in 18 days on average. That is fast. Buyers are paying close to full list price. The neighbourhood ranks above average for growth in Edmonton. Affordability is working in your favour - Bellevue sits among the most affordable neighbourhoods in the city, which keeps the buyer pool wide.

The play right now is to price it right from day one. With buyers paying 99.51% of list, overpricing even slightly will cost you. Use your HonestDoor Price as your starting point, not your city assessment, and you will walk into that conversation with the right number.

For condo owners, the summer picture is a bit more cautious. Short-term values are dipping. If you can wait a few months and watch whether the HonestDoor Price gain of 7.65% translates into actual sale prices, that patience could pay off. If you need to move now, price competitively and lean on the rental yield story - 4.16% is a real number that investor buyers will notice.

Compared to neighbours like Virginia Park (HonestDoor Price $518,069) and Highlands ($550,547), Bellevue is still the more accessible entry point into this part of Edmonton. That is not a weakness - that is a selling point for a whole category of buyers who are priced out of those streets but still want to be close to them.

Bottom line - Bellevue is a solid, steady neighbourhood. Not flashy, not falling apart. If you know your real numbers going in, you are in a good position.

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.