Cavanagh, Edmonton - October 2026 Real Estate Report
Cavanagh, Edmonton: What Your Neighbour's House Is Actually Worth Right Now
If you've been watching the "For Sale" signs pop up around Cavanagh this year, here's the straight story on what's happening to prices, how long homes are sitting, and whether your city assessment is telling you the full truth.
The Vibe: What's Going On in Our Neighbourhood
Cavanagh is a big neighbourhood - 1,142 properties were assessed this year, and 30 transactions closed in 2026. That's a real market with real data. But the picture looks different depending on whether you own a house or a condo.
Houses: Taking a Breather
Let's be honest - the house market in Cavanagh is cooling off. The average sale price sits at $435,000, but that's down 14.3% from last month. Only 3 houses sold, which is 25% fewer than the month before. Homes are sitting on the market for an average of 34 days, which is longer than nearby Callaghan at 20 days. Buyers are paying 99.5% of list price, meaning sellers are getting close to - but not quite - what they're asking.
- Average sale price: $435,000 (down 14.3% from last month)
- Average list price: $397,000
- Price per square foot: $275
- Average days on market: 34
- Properties sold this period: 3
- Sale-to-list ratio: 99.5%
- Predicted market value: $557,469
- Rental yield: 5.53%
- Estimated rent: $2,735/month
The predicted market value of $557,469 is actually sliding - it's below the 3-month moving average of $567,975, and recent property value change sits at -2.41%. On the neighbourhood leaderboard, Cavanagh houses rank 175 out of 285 Edmonton neighbourhoods for growth. That puts us in below-average territory right now. Not a crisis - just a market that's pausing.
One bright spot: that 5.53% rental yield is genuinely strong. If selling isn't the plan, holding and renting at an estimated $2,735/month is a solid move.
Condos: A Different Story Entirely
Condos in Cavanagh are doing something houses aren't - they're climbing. The predicted market value is $409,748, and that number is rising above the 3-month moving average of $401,260. Recent value change is up 3.23%, which puts Cavanagh condos at rank 38 out of 297 Edmonton neighbourhoods for growth. That's top-tier performance.
- Average HonestDoor Price: $376,979
- Predicted market value: $409,748
- 3-month moving average: $401,260
- Recent value change: +3.23%
- Growth rank: 38 out of 297 Edmonton neighbourhoods
- Estimated rent: $2,131/month
- Rental yield: 4.01%
- Transactions in 2026: 3
Compared to nearby condo markets, Cavanagh condos are priced well above Callaghan ($274,508) and Allard ($192,490). If you own a condo here, the momentum is working in your favour right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, built on formulas that don't know what sold on your street last Tuesday. The average assessed value in Cavanagh is $564,646. But the average HonestDoor Price is $555,343. That's a $9,303 gap - and it's the more current number.
The HonestDoor Price updates in real time using actual transaction data. Your assessment doesn't. If you're making any financial decision - refinancing, selling, even just figuring out if your property tax bill makes sense - the HonestDoor Price is the real-world check you need. The assessed value is already 1.65% higher than what the live market is showing. That gap matters when money is on the table.
The "So What?": Thinking About Selling This Summer?
If you own a house in Cavanagh and you're eyeing a summer sale, the window is still open - but it's not as wide as it was. Prices are dipping, days on market are stretching to 34, and buyers know they have a little more room to negotiate. You're not in a bad position, but you're not in a seller's market either. Pricing sharp from day one matters more than it did six months ago.
If you own a condo, the timing looks better. Values are trending up, and sitting at rank 38 out of 297 neighbourhoods for growth means Cavanagh condos are outperforming most of the city right now. That's a real advantage if you're ready to move.
Either way, start with your HonestDoor Price - not last year's assessment - before you have any conversation with an agent or a bank. Knowing your actual number is the first move.
cavanagh | 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.