Ellerslie, Edmonton - July 2026 Real Estate Report

Ellerslie Real Estate Check-In: Your Neighbour's House Is Worth More Than the City Thinks

If you own a home in Ellerslie and you haven't looked at your HonestDoor Price lately, now is the time. The city's assessment is one number. What your property is actually worth in today's market is another - and the gap between those two numbers is where real money lives.

The Vibe: What's Happening on Our Streets Right Now

Ellerslie is a tale of two property types right now, and they're telling very different stories. Let's break it down.

Houses: Solid Ground, But Buyers Have the Edge

If you've been watching the "For Sale" signs in Ellerslie, here's what's actually happening with houses. The market is steady, but buyers know it.

• Average sale price: $698,000
• Current listings averaging: $407,000
• Price per square foot: $554
• Homes selling at 98.26% of list price - just under asking
• Average days on market: 50 days
• Properties sold in 2026: 55 total transactions
• HonestDoor predicted value: $496,996
• Estimated monthly rent: $2,454 with a rental yield of 5.66%

Fifty days on market sounds like a long time, but here's the thing - our houses are actually moving faster than Summerside, where homes sit for 62 days. That's a real signal of demand. The catch is that buyers are negotiating. Homes are selling just below list price, which puts us firmly in buyers' market territory for houses. If you're selling, pricing sharp from day one matters more than ever right now.

On the neighbourhood leaderboard, Ellerslie houses rank 153 out of 302 Edmonton neighbourhoods for growth - right in the middle of the pack. Not a rocket ship, but not stalling out either. Think of it as a steady hold.

Condos: A Quiet Surprise

Condos in Ellerslie are doing something interesting. While the HonestDoor Price has dipped slightly, the actual sale data tells a more encouraging story.

• Average condo sale price: $253,200 - up 12% from last month
• Current listings averaging: $229,450
• Price per square foot: $235
• Homes selling at 95.89% of list price
• Average days on market: 34 days
• Properties sold in 2026: 24 transactions
• HonestDoor predicted value: $218,949
• Estimated monthly rent: $1,191 with a rental yield of 4.30%

A 12% jump in average sale price month-over-month is not nothing. Condos are also moving in 34 days, which is genuinely fast. On the neighbourhood leaderboard, Ellerslie condos rank 87 out of 296 Edmonton neighbourhoods for growth - that's above average, and it's a better position than most people in our neighbourhood probably realize. The HonestDoor predicted value of $218,949 is already trending above the 3-month moving average of $217,453, which means the needle is pointing up.

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

Here's the honest truth about assessed values. The city assesses 1,346 houses and 725 condos in Ellerslie using data that is, by definition, backward-looking. That number gets locked in and sits there until the next cycle. It doesn't know what sold on your street last Tuesday.

For houses in Ellerslie, the average city assessment is $478,729. The average HonestDoor Price is $504,315. That's a $25,586 difference - and it's 5.34% higher than what the city has on file. If you're using your assessment to make decisions about selling, refinancing, or even just understanding your net worth, you're working with a number that's already behind the market.

For condos, the story flips slightly. The city's average assessment is $219,208, and the HonestDoor Price sits at $214,554 - down 2.01% from the previous period. That's a signal worth paying attention to if you're a condo owner thinking about timing a sale.

The HonestDoor Price is updated in real time using actual transaction data. It's the real-world check against a static government number. Checking it takes two minutes and it could change how you think about your biggest asset.

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

If you're a house owner in Ellerslie and you're thinking about listing this summer, here's the straight talk. You have a real advantage over sellers in Summerside - your homes move faster. But buyers are negotiating, and the 98.26% sale-to-list ratio means overpricing will cost you time and leverage. Come in priced right and you'll find a buyer. Come in high and you'll be sitting through a long Edmonton summer watching your listing go stale.

If you own a condo, the 12% month-over-month price jump is encouraging, but 4 sales is a small sample. The trend is positive and the growth rank of 87 out of 296 puts us in a good spot compared to most of Edmonton. If you've been on the fence, the data is starting to lean in your favour.

Either way, the first step is knowing what your property is actually worth today - not what the city decided it was worth last year. Pull your HonestDoor Price, compare it to your assessment, and you'll have a much clearer picture of where you stand before you call an agent or make any moves.

Ellerslie isn't the flashiest neighbourhood on the Edmonton leaderboard right now, but it's holding its ground, moving properties faster than several nearby areas, and sitting on a real gap between assessed and market value. That gap is your information advantage. Use it.

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.