Central Mc Dougall, Edmonton - September 2026 Real Estate Report

Central Mc Dougall, Edmonton: Your Home Is Worth Way More Than the City Thinks

The Vibe Right Now

If you own property in Central Mc Dougall and you have not checked your HonestDoor Price lately, you are probably leaving serious money on the table. The city has your home assessed at one number. The real world says something very different. Here is what is actually going on in our neighbourhood right now.

Houses: Taking a Breather, But Still Commanding Top Dollar

Let's be straight with each other. The house market in Central Mc Dougall is cooling off. One home sold last month, down 50% from the month before, and it sat on the market for 142 days. That is a long time - longer than nearby Queen Mary Park, where homes are moving in 88 days. Buyers are not in a panic to grab whatever is available.

The average sale price came in at $246,500, down 43.2% from last month, and sellers are getting about 96.67% of their asking price. So buyers are negotiating, and winning. If you are a seller, that is the reality we are working with right now.

But here is the thing that matters most for us as homeowners. The predicted market value for houses sits at $679,081 - up from the 3-month moving average of $675,614. Values are still climbing, just slowly. The neighbourhood growth rate ranks 64 out of 291 Edmonton neighbourhoods. That puts us solidly above average. And on price alone, we rank 12 out of 285 neighbourhoods. We are in expensive territory, and that is not a bad thing to be.

• Average sale price: $246,500 (down 43.2% from last month)
• Average list price: $255,000
• Price per square foot: $238
• Sale-to-list ratio: 96.67%
• Average days on market: 142
• Predicted market value: $679,081
• Estimated monthly rent: $2,866
• Rental yield: 5.49%
• Recent value change: up 1.41%
• Growth rank in Edmonton: 64 out of 291

Condos: A Different Story Entirely

The condo picture in Central Mc Dougall is genuinely interesting. Three condos sold last month, and they moved faster than condos in Queen Mary Park. Prices are up 5.6% from the month before. Buyers are paying 95.48% of list price, which means there is still room to negotiate, but demand is real and growing.

The predicted market value for condos is $1,918,952, up from the 3-month moving average of $1,907,533. Growth ranks 36 out of 302 Edmonton neighbourhoods - that puts our condos among the top performers in the city. Rental potential is strong too, with estimated monthly rent at $5,383 and an Airbnb rank of 17 in all of Edmonton. If you own a condo here and you are thinking about renting it out, the numbers are working in your favour.

• Average sale price: $126,000 (up 5.6% from last month)
• Average list price: $124,038
• Price per square foot: $155
• Sale-to-list ratio: 95.48%
• Average days on market: 83
• Predicted market value: $1,918,952
• Estimated monthly rent: $5,383
• Rental yield: 2.95%
• Recent value change: up 2.19%
• Growth rank in Edmonton: 36 out of 302
• Airbnb rank in Edmonton: 17

The Secret Sauce: Your HonestDoor Price vs. What the City Says

Here is the number that should make every homeowner in Central Mc Dougall sit up straight. The city assessed the average house here at $438,255. The average HonestDoor Price is $665,847. That is a gap of 51.93%. For condos, the city assessed the average unit at $171,123. The HonestDoor Price is $1,939,943. The city's number and the real-world number are not even in the same conversation.

Why does this gap exist? City assessments are done once a year, using data that is already months old by the time it lands in your mailbox. They are a snapshot of the past. The HonestDoor Price pulls from current sales, current market trends, and real-time data. It is updated regularly, not annually. If you are making any financial decision about your home - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you should be looking at. The city's assessment is a tax document. The HonestDoor Price is a real-world check.

The Neighbourhood Leaderboard

How does Central Mc Dougall stack up against the neighbours? Here is a quick look at what is happening around us.

• Queen Mary Park - HonestDoor Price $591,172, rental estimate $2,686, growth 0.08% - cheaper than us and growing at the same pace
• Spruce Avenue - HonestDoor Price $448,967, rental estimate $2,232, growth 0.13% - cheaper than us but growing a bit faster
• Mc Cauley - HonestDoor Price $323,047, rental estimate $1,625, growth 0.07% - cheaper than us and growing slower

The pattern is clear. Central Mc Dougall is the premium address in this part of the city. Every neighbourhood around us is priced lower. If you bought here, you picked well.

So What Does This Mean If You Are Thinking About Selling This Summer?

For house sellers, be realistic. The market is taking a breather. Homes are sitting for 142 days on average, and buyers are negotiating below asking price. That does not mean you cannot sell - it means you need to price it right from day one. An overpriced listing in this market will just sit. Check your HonestDoor Price, understand where the predicted value of $679,081 puts you, and work from there. A sharp price beats a long wait every time.

For condo sellers, the timing looks better. Sales volume is up, prices are rising, and our condos are moving faster than the competition nearby. The rental demand is strong, which means buyers who are investors are paying attention to Central Mc Dougall. That works in your favour.

For everyone - house or condo owner - the single best move you can make right now is to pull your HonestDoor Price and compare it to what the city has on file. With 155 houses and 717 condos assessed this year, and 16 house transactions and 49 condo transactions already recorded in 2026, there is enough real data to give you a clear picture. Do not wait for next year's tax assessment to find out what your home is actually worth today.

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.