Bisset, Edmonton - August 2026 Real Estate Report

Bisset, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs in Bisset, here's what's actually happening. The neighbourhood is holding its ground - but the story is very different depending on whether you own a house or a condo. Let's break it down.

Houses - Taking a Breather

The house market in Bisset is cooling off. The average sale price sits at $325,000, down 12% from last month, and only 2 houses sold in that same window - half the volume of the month before. Properties are sitting on the market for an average of 63 days, and buyers are paying about 96.64% of list price. That means if you list at $330,000, expect offers closer to $319,000.

That said, the longer-term picture is more encouraging. The HonestDoor predicted market value for houses is $436,747, which is actually climbing above the 3-month moving average of $433,315. So while the short-term sales data shows a soft patch, the underlying value trend is still moving in the right direction.

• Average sale price: $325,000 (down 12% from last month)
• Active listings average: $331,950
• Price per square foot: $252
• Days on market: 63
• Properties sold last month: 2
• Sold-to-list ratio: 96.64%
• Rental yield: 5.75% - that is a strong return
• Estimated rent: $2,246 per month
• Neighbourhood growth rank: 126 out of 292 in Edmonton - above average

Condos - A Different Story

Condo owners in Bisset, we need to have an honest conversation. The HonestDoor Price for condos is $146,760 - and it has dipped 0.32% recently. The city's assessed value is $230,345, which sounds great on paper, but the real-world market is telling a different story. Condos are taking 122 days to sell on average, which is longer than nearby Daly Grove at 116 days. That is a slow burn.

The rental yield on condos comes in at 4.33% - moderate, not spectacular. And with only 2 condo sales last month, there is not a lot of market activity to build confidence from. The growth rank for condos sits at 165 out of 302 neighbourhoods in Edmonton, which puts us in below-average territory for that property type.

• Average condo sale price: $214,500 (up 2.9% from last month)
• Active listings average: $219,450
• Price per square foot: $221
• Days on market: 122
• Properties sold last month: 2
• Sold-to-list ratio: 97.81%
• Rental yield: 4.33%
• Estimated rent: $804 per month
• Condo growth rank: 165 out of 302 in Edmonton - below average

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

Here is the thing about your city assessment. It is calculated once a year using data that is already months old by the time it lands in your mailbox. The market does not wait for that schedule.

For house owners in Bisset, the HonestDoor Price of $439,900 is already 2.5% higher than the average city assessment. That gap represents real money - roughly $10,742 in value that the city has not caught up to yet. The HonestDoor Price updates in real time, pulling from actual transaction data and current market signals. It is the real-world check that tells you what a buyer would actually pay today, not what a government spreadsheet calculated six months ago.

For condo owners, the gap runs the other way. The city assessment says $230,345 but the HonestDoor Price is $146,760. That is a 36% difference. If you are making any financial decisions - refinancing, selling, or even just understanding your net worth - using the assessed value here would give you a very distorted picture.

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

If you own a house in Bisset and you are thinking about listing this summer, the timing conversation is real. Short-term sales data is soft - prices dropped 12% last month and volume is thin. But the HonestDoor predicted value is trending up, and Bisset ranks above average for growth among Edmonton neighbourhoods. We are not in a panic market. We are in a "price it right and be patient" market.

Compared to neighbours like Weinlos ($420,346) and Pollard Meadows ($414,853), Bisset houses are priced higher and growing faster. Daly Grove ($441,392) is the only nearby neighbourhood nudging ahead of us, and only barely. That puts Bisset in a solid spot on the local leaderboard.

If you own a condo, summer 2025 is a tougher sell. Values are dipping, days on market are long, and nearby Daly Grove condos are fetching $245,000 compared to our $214,500 average. If you do not need to sell, holding and renting at $804 per month with a 4.33% yield is a reasonable play while the market finds its footing.

Bottom line - check your HonestDoor Price before you do anything else. It takes 30 seconds and it will tell you more about where you actually stand than any assessment notice will.

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.