Carlton, Edmonton - September 2026 Real Estate Report

Carlton, Edmonton: Your Neighbour Just Asked If Now Is a Good Time to Sell. Here Is the Real Answer.

If you have been watching the "For Sale" signs on Carlton streets lately, you have probably noticed things feel a little quieter than they did a year ago. That is not your imagination. The numbers back it up - but the full picture is more interesting than just "the market is slow."

The Vibe: What Is Actually Happening in Carlton Right Now

Houses - Taking a Breather

Let us be straight with each other. The house market in Carlton is cooling off. The average sale price this month sits at $478,458, which is down 6.2% from last month. Listings are averaging $502,265, and homes are selling at about 98.38% of list price - meaning buyers are getting a small discount at the table. Properties are sitting for an average of 28 days before selling.

• Average sale price: $478,458 (down 6.2% from last month)
• Average list price: $502,265
• Price per square foot: $268
• Average days on market: 28 days
• Sale-to-list ratio: 98.38%
• Properties sold this month: 12

Here is the thing though - the predicted market value for Carlton houses is $534,054, which is actually ticking up compared to the 3-month moving average of $532,379. So while the short-term sales data shows a dip, the underlying value trend is still pointing upward. That gap between where homes are selling and where they are predicted to be worth is worth paying attention to.

On the rental side, estimated rent comes in at $2,648 per month with a rental yield of 5.57%. For anyone thinking about holding rather than selling, that is a strong return. On the neighbourhood leaderboard, Carlton houses rank 179 out of 291 for growth - below average - but rank a solid 27 out of 112 for days on market, meaning homes here still move faster than most of Edmonton when priced right.

Condos - A Different Story

We need to talk about the condo data carefully here. Only 1 condo sold this month, so the average sale price of $145,750 - down 40.2% from last month - is almost entirely a sample size issue, not a market collapse. One unusual sale can swing that number dramatically. Do not panic if you own a Carlton condo.

• Average sale price this month: $145,750 (based on 1 sale - treat with caution)
• Price per square foot: $229
• Average days on market: 41 days
• Sale-to-list ratio: 98.63%
• Properties sold this month: 1

The predicted market value for Carlton condos is $235,421, which is nudging higher than the 3-month moving average of $235,254. Rental income is estimated at $1,272 per month with a 4.28% yield - moderate but steady. The bigger story for condo owners is the growth rank: Carlton condos sit at 58 out of 302 neighbourhoods in Edmonton. That puts us in the top performers category city-wide. Condos here are also selling faster than nearby Albany, which averages 43 days compared to our 41.

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

Every year, the city sends out an assessed value and most of us file it away without a second thought. Here is why that is a mistake in 2026.

For Carlton houses, the average city assessment is $516,311. The HonestDoor Price - which updates in real time using actual market signals - is $521,682. That is 1.04% higher than the city average assessment across Edmonton. The city's number is a snapshot from months ago. The HonestDoor Price is what the market looks like today.

For Carlton condos, the gap is even more telling - and it goes the other direction. The average city assessment is $273,073, but the HonestDoor Price is $238,904. That is 12.51% lower than the Edmonton average assessed value. If you are a condo owner and your property tax bill is based on a number that is significantly higher than what buyers would actually pay right now, that is a real conversation worth having.

The HonestDoor Price for Carlton condos has also increased 1.48% from the previous period, while the house HonestDoor Price has dipped 2.32%. Knowing which direction your specific property type is moving - not just the neighbourhood overall - is the kind of detail that changes decisions.

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

If you own a house in Carlton and are thinking about listing this summer, here is the honest take. The short-term data shows prices softening and buyers negotiating small discounts. But 76 total property transactions happened in Carlton in 2026 so far, and the predicted value of $534,054 is still well above where homes are currently selling. That gap suggests the market has not fully priced in the underlying value - which can work in your favour if you price strategically from day one rather than starting high and chasing the market down.

Homes here rank 27 out of 112 Edmonton neighbourhoods for speed of sale. Price it right and Carlton houses still move. Price it like it is 2023 and you will be sitting on the market watching that 28-day average climb.

For condo owners, the growth rank of 58 out of 302 is genuinely good news. Carlton condos are outperforming most of the city on value trajectory. If you are not in a rush, holding looks reasonable. If you need to sell, the 41-day average and the fact that buyers are paying 98.63% of list price means demand is still there - it is just selective.

One more thing worth knowing: Carlton has 1,429 houses and 364 condos assessed this year. This is a real, established neighbourhood - not a thin market where one or two sales distort everything (except, as noted, the condo sale volume this month). The rental estimates of $2,597 for houses and $1,291 for condos also make Carlton a legitimate option for anyone weighing a sale against holding as a rental property.

Bottom line - check your HonestDoor Price before you do anything else. It is the real-world number, not the government's best guess from six months ago.

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.