Belmont, Edmonton - September 2026 Real Estate Report

Belmont, Edmonton: Your Neighbour Just Listed. Here's What You Actually Need to Know.

If you've been watching the "For Sale" signs on your street and wondering what's really going on, here's the straight story on Belmont right now. The market is taking a breather, but there's more happening under the surface than a single number can tell you.

The Vibe: Houses vs. Condos in Belmont

Houses - Still Moving, But Buyers Are Negotiating Hard

If you own a house in Belmont, here's what we're seeing on the ground. The average sale price sits at $349,333 this month, which is down 18.8% from last month. That sounds alarming, but context matters - only 3 houses sold, so one or two lower-priced deals can swing that average hard. The real signal is that buyers are paying about 93.73 cents on every dollar of list price. That gap between asking and selling is the market telling us something: buyers have options, and they know it.

The good news? Houses here are moving fast. With an average of just 14 days on market, Belmont ranks 13th out of 112 Edmonton neighbourhoods for speed. That's a top-tier number. When a well-priced house hits the street here, it doesn't sit. The predicted market value for houses is $360,684, which is creeping up from the 3-month moving average of $358,333 - a quiet sign that underlying values are holding their ground.

• Average sale price (houses): $349,333
• Average listing price: $189,900
• Price per square foot: $447
• Sale-to-list ratio: 93.73%
• Average days on market: 14
• Predicted market value: $360,684
• Estimated monthly rent: $1,886
• Rental yield: 5.88%
• Growth rank: 113 out of 291 Edmonton neighbourhoods
• Speed rank: 13 out of 112 Edmonton neighbourhoods

For landlords or anyone thinking about holding rather than selling, that 5.88% rental yield is a strong number. It puts Belmont houses in solid territory for investors who want real returns, not just appreciation hopes.

Condos - A Quieter Story, But Not a Bad One

The condo side of Belmont is a bit more subdued right now, and we should be honest about that. One condo sold last month at $117,000, which is down 19.9% from the month before. Again, one sale makes for a shaky average - but the fact that buyers paid only 90% of list price tells us sellers need to price sharp to get a deal done. Condos are sitting for 25 days on average, which is a touch slower than nearby River Valley Hermitage at 23 days.

That said, the predicted market value for Belmont condos is $197,044, which is actually higher than River Valley Hermitage's $174,831. So while the recent sales data looks soft, the underlying value picture is more competitive than our neighbours might suggest. The condo growth rank sits at 84 out of 302 Edmonton neighbourhoods - that's above average, and it's a number worth keeping in your back pocket.

• Average sale price (condos): $117,000
• Average listing price: $129,999
• Price per square foot: $127
• Sale-to-list ratio: 90.00%
• Average days on market: 25
• Predicted market value: $197,044
• Estimated monthly rent: $1,076
• Rental yield: 4.32%
• Growth rank: 84 out of 302 Edmonton neighbourhoods
• Speed rank: 20 out of 112 Edmonton neighbourhoods

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

Here's something most Belmont homeowners don't realize. The city's assessed value for houses here averages $363,788. But the average HonestDoor Price is $349,943 - that's 3.81% lower, and it's already factoring in the 2.98% dip from the previous period. Your tax assessment is a snapshot from the past. The HonestDoor Price is updated in real time, pulling from actual market activity as it happens.

Why does that gap matter? Because if you're making a decision - whether to sell, refinance, or just understand what you actually own - basing it on a number that's months old can cost you. The city's assessment doesn't know what happened in your neighbourhood last week. HonestDoor does. Think of it as the real-world check against a static government number.

For condo owners, the same story plays out. The city's average assessed value is $201,743, but the HonestDoor Price is $193,253 - down 1.92% and sitting 4.21% below the city's figure. If you're a condo owner who hasn't looked at your HonestDoor Price lately, now is the time. The gap between what the city thinks your place is worth and what a buyer would actually pay is wider than most people expect.

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

If you're a Belmont homeowner eyeing a summer sale, here's the honest read. This is not a market where you can overprice and wait it out. Buyers are negotiating - houses are closing at 93.73% of list, and condos at 90%. That means if you list at $400,000, expect offers closer to $375,000. Price it right from day one, and you'll benefit from that 14-day average selling speed for houses, which is genuinely one of the fastest in the city.

The neighbourhood leaderboard tells a useful story here. Belmont houses rank 113 out of 291 Edmonton neighbourhoods for growth - solidly above average. That's a real selling point. You're not in the top tier, but you're ahead of more than half the city. Compared to nearby Kernohan, where houses sold at an average of $292,500, Belmont's $349,333 average sale price shows we're holding a price premium that's worth protecting with smart pricing strategy.

For condo sellers, patience and sharp pricing are your two best tools right now. The predicted value of $197,044 is your anchor - if recent sales are coming in well below that, the market is telling you that buyers see a discount opportunity. Don't give it to them unless you have to.

Bottom line for Belmont this summer: check your HonestDoor Price before you do anything else. It's the most current read on what your home is actually worth in today's market - not last year's market, not the city's best guess. Then price with purpose, move fast, and you'll be in good shape.

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.