Belmont, Edmonton - October 2026 Real Estate Report
Belmont, Edmonton: Your Neighbour Just Got a Reality Check on Their Home Value
If you've been eyeing your city assessment and feeling pretty good about it, here's the real talk - your home is probably worth less than that piece of paper says. The HonestDoor Price for Belmont tells a different story, and right now, that gap matters more than ever.
The Vibe: What's Actually Happening in Our Neighbourhood
Houses in Belmont
The house market here is sending mixed signals, and we need to talk about both sides. On one hand, the average sale price hit $373,000 this month - up 6.8% from last month - and homes are selling at 100.02% of list price. Buyers are paying above asking. That's a sellers' market by definition.
On the other hand, homes are sitting for 41 days on average. River Valley Hermitage next door is moving in 23 days. That gap is worth paying attention to. The predicted market value of $349,943 is also sliding below the 3-month moving average of $356,460, and values have dipped 2.98% recently. So yes, we're getting strong sale prices right now - but the trend line is pointing down.
- Average sale price: $373,000 (up 6.8% from last month)
- Average list price: $374,950
- Price per square foot: $281
- Sale-to-list ratio: 100.02% - buyers are paying over ask
- Average days on market: 41
- Properties sold this month: 7
- Rental yield: 5.90% - strong for landlords
- Estimated rent: $1,835 per month
- Neighbourhood leaderboard - growth rank: 215 out of 285 in Edmonton
Condos in Belmont
The condo side of our neighbourhood is a buyers' game right now. Homes are listing at $234,900 but selling at $209,167 - that's buyers paying only 95.22% of list price. Sellers are giving ground. Only 3 condos sold this month, and they sat for 30 days, which is slower than River Valley Hermitage's 23-day pace.
The predicted value of $193,253 is also trending below the 3-month moving average of $195,340. Values have shifted -1.92% recently. If you own a condo in Belmont and you're waiting for things to turn around on their own, the data isn't backing that up right now.
- Average sale price: $209,167
- Average list price: $234,900
- Price per square foot: $186
- Sale-to-list ratio: 95.22% - buyers have leverage
- Average days on market: 30
- Properties sold this month: 3
- Rental yield: 4.32% - moderate returns
- Estimated rent: $1,057 per month
- Neighbourhood leaderboard - price rank: 179 out of 218 - among the most affordable in Edmonton
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about city assessments - they're a snapshot from the past. They don't update in real time, and they don't know what happened on your street last month. The HonestDoor Price does.
For houses in Belmont, the average assessed value is $363,788. The HonestDoor Price is $349,402 - that's 3.95% lower, and it has already dipped 0.15% from the previous period. For condos, the gap is even bigger. The assessed value sits at $201,743 while the HonestDoor Price is $188,591 - a 6.52% difference, down 2.41% from last period.
That gap is not just a number. If you're pricing your home based on your assessment, you may be walking into negotiations with the wrong anchor. The HonestDoor Price is the real-world check - updated, data-driven, and built on what buyers are actually paying right now in our market.
The 'So What?': Thinking About Selling This Summer?
If you own a house in Belmont and you're thinking about listing this summer, the window is open - but it's not wide open forever. Buyers are still paying over list price right now, which is rare. That 100.02% sale-to-list ratio is your leverage. Use it before the predicted value decline catches up with the sale price momentum.
Forty-one days on market is the part that should make you move with intention. Price it right from day one. Homes that sit too long start to feel stale to buyers, and in a neighbourhood ranked 215 out of 285 for growth, you don't have the luxury of waiting for the market to do the work for you.
If you own a condo, the calculus is different. Buyers have the upper hand right now. If you need to sell, price aggressively and expect negotiation. If you can hold, the 4.32% rental yield means renting it out while you wait is a legitimate option - $1,057 a month in estimated rent is real money.
Either way, check your HonestDoor Price before you do anything else. It's the most current read on what your property is actually worth - not what the city thought it was worth months ago.
belmont | edmonton | october 2026This 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.