Ellerslie, Edmonton - August 2026 Real Estate Report

Ellerslie Real Estate Check-In: Solid Houses, Shaky Condos

The Vibe Right Now

If you live in Ellerslie and you've been half-watching the market, here's the honest version. The neighbourhood is holding its own - but it's not one story. Houses and condos are telling two very different tales right now, and which one applies to you matters a lot.

Houses: Steady, Faster Than the Neighbours

Houses in Ellerslie are in a decent spot. The average sale price is sitting at $698,000, and the predicted market value is $504,315 - up from the 3-month average of $499,369. That upward tick is a good sign. Values have moved 1.47% recently, and on the neighbourhood leaderboard, Ellerslie houses rank 99 out of 292 Edmonton neighbourhoods for growth. That puts us in above-average territory - not leading the pack, but well ahead of the middle.

• Average sale price: $698,000
• Predicted market value: $504,315
• Price per square foot: $554
• Average days on market: 50 - faster than Summerside at 65 days
• Sale-to-list ratio: 98.26% - buyers are paying close to ask, but slightly under
• Rental yield: 5.65% - strong returns if you're thinking about holding
• Estimated rent: $2,483 per month

Homes are moving in about 50 days, which beats nearby Summerside by two weeks. That's not a small thing - it means buyers are choosing Ellerslie over pricier neighbours. The sale-to-list ratio of 98.26% tells us it's a buyers' market, but a stable one. Sellers aren't getting lowballed - they're getting close to what they're asking.

Condos: Taking a Breather

The condo side is a different conversation. The predicted market value is $214,554, which is actually sliding - it's down from the 3-month moving average of $217,116. Values have dipped 2.01% recently. On the leaderboard, Ellerslie condos rank 240 out of 302 Edmonton neighbourhoods for growth. That's below average, and worth paying attention to if you own one.

• Average sale price: $220,944 - up 1.8% from last month
• Predicted market value: $214,554
• Price per square foot: $229
• Average days on market: 44 - still faster than Summerside at 65 days
• Sale-to-list ratio: 96.91% - buyers are getting a small discount
• Rental yield: 4.30% - moderate, not a slam dunk
• Estimated rent: $1,168 per month

The one bright spot for condos is speed - 44 days on market is actually pretty quick. And the average sale price did tick up 1.8% month-over-month, which is a flicker of life. But the predicted value trend is heading the wrong direction right now. Condo owners should be watching this closely, not casually.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's why this matters for your wallet right now. The city's assessed value for houses in Ellerslie is $478,729. The HonestDoor Price is $503,942. That's a $25,213 gap - and the HonestDoor number is the one that reflects what's actually happening in the market today, not what a government snapshot said months ago.

For condos, it flips. The city assessed condos at $219,208, but the HonestDoor Price is $214,132. That means the city is actually overvaluing condos relative to current market conditions. If you're a condo owner, that's a number worth knowing - especially if you're making any financial decisions based on what your place is "worth."

Government assessments are a rearview mirror. The HonestDoor Price is the windshield. One tells you where you were. The other tells you where you are.

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

If you own a house in Ellerslie, summer is a reasonable time to move. Demand is real - 56 property transactions in 2026 already, and homes are selling faster here than in Summerside. You're not in a frenzy market, but you're not in a soft one either. Price it right and you'll get close to ask. The rental yield of 5.65% also means if you're on the fence about selling versus renting, holding has a genuine argument.

If you own a condo, the picture is more complicated. The predicted value is dipping, the growth rank is in the bottom third of Edmonton, and the sale-to-list ratio means buyers have a bit of leverage. That doesn't mean don't sell - it means be sharp about your price. Overpricing a condo in this environment will cost you time, and time costs money.

Either way, pull your HonestDoor Price before you do anything. It's the most current read on what your property is actually worth - not what the city decided it was worth at the start of the year.

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.