Edgemont, Edmonton - July 2026 Real Estate Report

Edgemont, Edmonton: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Edgemont and you're still looking at your city assessment to know what your place is worth, you're working with old news. Here's what's actually happening on the ground right now.

The Vibe: What the Numbers Are Telling Us

Houses - Taking a Breather

We've seen this before. The house market in Edgemont is cooling off a bit. The average sale price for houses sits at $499,554, down 2.8% from last month. Only 14 houses sold, which is down 6.7%, and homes are sitting on the market for an average of 38 days. Buyers are paying about 98.42% of the asking price - so they're getting small discounts, but sellers aren't getting crushed either.

• Average house sale price: $499,554
• Average list price this month: $496,459
• Price per square foot: $298
• Properties sold: 14
• Average days on market: 38
• Sale-to-list ratio: 98.42%
• Predicted market value (HonestDoor): $599,222
• 3-month moving average: $602,563
• Estimated monthly rent: $2,841
• Rental yield: 5.48%

That 5.48% rental yield is genuinely solid. If you're a landlord or thinking about becoming one, Edgemont houses are pulling real returns. The predicted value of $599,222 is also running ahead of nearby The Uplands at $597,054, which means we're holding our own against the neighbours.

On the neighbourhood leaderboard, Edgemont houses rank 206 out of 302 for growth - below average for Edmonton. Days on market ranks a much better 36 out of 103, so when a house is priced right, it moves. Price rank sits at 148 out of 285, which puts us in the middle of the pack.

Condos - Slow and Steady

The condo side of Edgemont is a quieter story. Only 1 condo sold this period, with an average sale price of $222,500. Condos are sitting on the market for 80 days on average, which is on the slower side. Buyers are paying 98.93% of list price, so the market is stable but not exactly on fire.

• Average condo sale price: $222,500
• Average list price this month: $224,900
• Price per square foot: $250
• Properties sold: 1
• Average days on market: 80
• Sale-to-list ratio: 98.93%
• Predicted market value (HonestDoor): $312,197
• 3-month moving average: $309,011
• Estimated monthly rent: $1,671
• Rental yield: 4.18%

One thing worth noting: the predicted condo value of $312,197 is actually trending up against the 3-month average of $309,011. That's a small but positive signal. And at $312,197, our condos are priced above nearby The Hamptons at $296,884, which tells us buyers see something worth paying for here.

On the condo leaderboard, Edgemont ranks 153 out of 296 for growth - below average. Days on market ranks 59 out of 108, which is slower-selling territory. Price rank is 79 out of 220, putting Edgemont condos above average in price for Edmonton.

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. It doesn't know what sold on your street last week. It doesn't adjust for what buyers are actually paying today.

The HonestDoor Price does.

For Edgemont houses, the average city assessment is $570,161. The average HonestDoor Price is $609,476 - that's $39,315 higher, and it's up 1.86% from the previous period. That gap is 6.90% above the assessed value. If you're using your assessment to decide whether to sell, refinance, or even just brag at a backyard barbecue, you're leaving real money on the table in your mental math.

For condos, the story flips. The average city assessment is $365,514, but the HonestDoor Price is $319,977 - which is 12.46% lower. That's a significant gap. If you own a condo and you've been assuming your assessment reflects market reality, this is your wake-up call. The market is telling a different story than the city's paperwork.

The HonestDoor Price is the real-world check. It updates. It reflects actual transactions. Use it.

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

If you own a house in Edgemont and you're thinking about listing this summer, here's the honest take. The market is softer than it was a few months ago. Prices are down 2.8% month over month, and buyers are taking their time - 38 days on market is not a panic-buy environment. But 71 total transactions in the neighbourhood this year and a total transaction rank of 19 in Edmonton means Edgemont is still one of the more active neighbourhoods in the city. People want to live here.

Price it right and it will sell. Price it like it's still a hot market and it will sit.

For condo owners, patience is the word. One sale in the current period and 80 days on market means you need to be realistic about timeline and pricing. The good news is the predicted value is creeping up against the 3-month average, so the floor looks stable.

Either way, your first move before calling an agent should be checking your HonestDoor Price. It's the most current read on what your property is actually worth - not what the city decided it was worth last year. With 1,959 houses and 185 condos assessed in Edgemont, there's plenty of local data feeding that number. Use it to your advantage.

Bottom line: Edgemont is a solid, established neighbourhood with real demand. The market is just asking sellers to be smart about it right now.

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.