Edgemont, Edmonton - August 2026 Real Estate Report

Edgemont, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home in Edgemont and you're still going off your city assessment, you're leaving real money on the table. The average HonestDoor Price here is $601,638 - that's $31,477 more than what the city has on file. That gap matters, whether you're selling, refinancing, or just keeping score.

The Vibe: What's Actually Happening on Our Streets

Houses - Strong Prices, But the Market Is Taking a Breather

If you've been watching the "For Sale" signs in Edgemont lately, here's what's actually happening. Houses are selling at an average of $502,742, up 1.2% from last month. That's a solid number. But 9 sales this month is down 40% from the month before, and homes are sitting for an average of 48 days. That's two days longer than The Hamptons next door. The market isn't crashing - it's just catching its breath.

• Average sale price: $502,742 (up 1.2% month over month)
• Average list price this month: $511,406
• Price per square foot: $293
• Homes selling at 98.19% of list price - buyers are negotiating
• Average days on market: 48
• Properties sold this month: 9
• Predicted market value: $609,763
• 3-month moving average: $604,022 - and the trend is up
• Estimated monthly rent: $2,881
• Rental yield: 5.46%

The predicted value of $609,763 is already climbing past the 3-month average of $604,022. That tells us momentum is building, even if foot traffic at open houses has slowed. We also rank 79 out of 292 Edmonton neighbourhoods for growth - that puts us solidly in the top third of the city leaderboard.

Condos - Small Sample, Big Signal

Only one condo sold this month, so we're not going to read too much into a single transaction. But here's what caught our eye: that unit sold for $401,000 on a listing of $389,900. That's 102.85% of list price. Someone wanted in badly enough to go over asking. Condos in Edgemont are moving fast - a days-on-market rank of 16 out of 111 Edmonton neighbourhoods means we're near the top of the "sells quickly" leaderboard.

• Average sale price: $401,000
• Average list price this month: $389,900
• Price per square foot: $361
• Sold at 102.85% of list price - sellers have the edge here
• Average days on market: 22
• Predicted market value: $319,977
• 3-month moving average: $315,736 - trending up
• Estimated monthly rent: $1,708
• Rental yield: 4.17%
• Recent value change: 2.49%

One thing worth flagging: the average assessed value for condos here is $365,514, but the HonestDoor Price sits at $319,267. That's 12.65% below the city's number. If you own a condo in Edgemont, the city may actually be overvaluing your unit - which could mean you're paying more in property tax than you should. Worth a look.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the honest truth about city assessments: they're a snapshot from the past. The city looks at sale data from months ago, runs it through a formula, and mails you a number. By the time it lands in your mailbox, the market has already moved.

The HonestDoor Price updates in real time. For houses in Edgemont, it's sitting at $601,638 right now - 5.52% higher than the average assessed value in Edmonton. That's not a rounding error. That's the difference between pricing your home to sell fast and pricing it to sit on the market for 48 days wondering why nobody's calling.

There were 1,959 properties assessed in Edgemont this year. Most of those owners will glance at their assessment, shrug, and move on. The ones who check their HonestDoor Price are the ones who actually know what their home is worth today - not six months ago.

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

Here's the straight talk for anyone considering a summer sale in Edgemont.

For house sellers: you have a predicted value of $609,763 and a market that's still moving upward. But with 48 days on market and buyers paying just under list price, you need to price it right from day one. Overpricing in this environment means sitting, and sitting means price cuts. Check your HonestDoor Price, not your assessment, before you have that first conversation with an agent.

For condo sellers: the signal is genuinely good. One sale over asking, a 22-day average on market, and a growth rank of 79 out of 302 neighbourhoods. If your unit is in solid shape, this summer could work in your favour. Just know that the HonestDoor Price for condos here is running below the city assessment - so set expectations based on real market data, not the tax bill.

For everyone else: Edgemont had 82 property transactions in 2026 already, ranking 16th in all of Edmonton for total transaction volume. This neighbourhood moves. People want to be here. Wedgewood Heights next door has an average HonestDoor Price of $837,963 - a reminder of the ceiling that exists in this part of the city. We're not there yet, but the direction is clear.

Bottom line: Edgemont is a solid, active neighbourhood with real upside. Know your number. Use the HonestDoor Price. And if you're thinking about selling, don't wait for the city to tell you what your home is worth - they're already behind.

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.