Callaghan, Edmonton - October 2026 Real Estate Report

2026-10-16 00:00 · Your HonestDoor Team

Callaghan Real Estate Check-In: Your Neighbour's Assessment Is Lying To You

If you own a home in Callaghan and you've been glancing at your city assessment thinking it tells the whole story, it doesn't. The real numbers are more interesting - and more useful - than what the city mailed you.

The Vibe: What's Actually Happening in Our Neighbourhood

Callaghan is a tale of two property types right now, and the gap between them is worth paying attention to. Here's the honest breakdown for us locals.

Houses - Taking a Breather

If you've been watching the "For Sale" signs on the house side of Callaghan, here's what's actually happening. Sales activity has pulled back. Only 4 houses sold this month, down 20% from last month, and the average sale price landed at $479,500 - a 26.7% drop from the prior month. That's a big swing, and with only 4 sales, one or two outlier properties can move that number significantly. Don't panic, but do pay attention.

Average sale price: $479,500 (down 26.7% month over month)
Average list price: $389,900
Price per square foot: $271
Sold-to-list ratio: 99.51% - buyers are getting very slight discounts
Average days on market: 12 - ranked 11th out of 116 Edmonton neighbourhoods for speed
HonestDoor predicted value: $611,634
3-month moving average: $620,840 - the trend is dipping slightly
Recent value change: -2.04%
Growth rank: 149 out of 285 Edmonton neighbourhoods - below average on the leaderboard

The bright spot? Houses here still sell fast. A 12-day average puts us near the top of Edmonton for speed, ranking 11th out of 116 tracked neighbourhoods. Buyers are still showing up - they're just negotiating a little harder. The rental picture is also solid. Estimated rent of $2,908 per month translates to a 5.42% rental yield. For anyone holding a house as an investment, that's a strong return by Edmonton standards.

Condos - The Quiet Outperformer

We don't talk about Callaghan condos enough, and we probably should. While the house market is cooling, the condo side is doing something different. Prices are up 17.9% month over month, properties are selling at exactly 100% of list price, and the growth rank sits at 25th out of 297 Edmonton neighbourhoods. That puts Callaghan condos firmly in the top performer category on the city leaderboard.

Average sale price: $411,250 (up 17.9% month over month)
Average list price: $550,000
Price per square foot: $190
Sold-to-list ratio: 100% - no discounts, full price deals
Average days on market: 20 - ranked 13th out of 113 Edmonton neighbourhoods for speed
HonestDoor predicted value: $288,803
3-month moving average: $281,960 - trending upward
Recent value change: +4.90%
Growth rank: 25 out of 297 Edmonton neighbourhoods - top tier on the leaderboard
Price rank: 18 out of 218 - among the most expensive condos in the city

Two condo sales this month is a thin sample, so take the month-over-month jump with some context. But the underlying HonestDoor predicted value is climbing past the 3-month average, and the growth rank has been consistently strong. The rental yield of 4.21% is moderate but respectable, and the predicted value of $288,803 already beats nearby Rutherford condos at $240,312.

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

Here's the thing about your city assessment. It's a snapshot from months ago, calculated using broad formulas applied across thousands of properties at once. It doesn't know your renovated kitchen. It doesn't know what sold two streets over last week. It's a tax tool, not a pricing tool.

For Callaghan houses, the average city assessment sits at $622,124. The HonestDoor Price is $612,601 - about 1.53% lower. That gap matters if you're using your assessment to set expectations about what your home is worth today. The market is telling a slightly different story than the city is.

For condos, the gap is even more striking. The average city assessment is $342,404. The HonestDoor Price is $274,508 - nearly 20% lower. If a condo owner in Callaghan is pricing their unit based on the assessment, they could be setting up for a frustrating negotiation. The HonestDoor Price is updated in real time using actual transaction data, current listings, and local market signals. It's the real-world check the assessment simply cannot provide.

With 776 houses and 306 condos assessed in Callaghan this year, there's enough data to make these numbers meaningful. Check your HonestDoor Price before you make any decisions based on what the city told you last spring.

The So What - Thinking About Selling This Summer?

If you own a house in Callaghan and you're thinking about listing this summer, here's the honest read. The market is taking a breather. Prices have dipped slightly from the 3-month average, and buyers are negotiating. But houses are still moving fast - 12 days on average - which means serious buyers are out there. The window is open, but pricing it right from day one matters more than it did six months ago. Overpricing based on your city assessment could cost you time and leverage.

If you own a condo, the story is more encouraging. You're sitting in a top-25 growth neighbourhood by Edmonton standards, prices are trending up, and buyers are paying full list. If you've been waiting for a good moment, the data suggests you're in one.

Either way, the first step is the same. Pull your HonestDoor Price at honestdoor.com and compare it to your assessment. That gap - whether it's $10,000 or $70,000 - is the number that actually affects your next move.

Callaghan house neighbourhood growth rank: 149 out of 285 Edmonton neighbourhoods
Callaghan condo neighbourhood growth rank: 25 out of 297 Edmonton neighbourhoods
Nearby comparison - all three neighbouring hoods (Rutherford, Allard, Cavanagh) are priced lower for houses
Rental income potential: $2,908 per month for houses, $1,479 for condos
40 house transactions and 20 condo transactions recorded in Callaghan in 2026

Callaghan is not a neighbourhood in trouble. It's a neighbourhood in transition. Knowing which side of that transition your property sits on is exactly what the HonestDoor Price is built to tell you.

callaghan | edmonton | october 2026

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.