Ellerslie, Edmonton - October 2026 Real Estate Report
Ellerslie Real Estate Check-In: Solid Ground, But Read the Fine Print
If you live in Ellerslie and you haven't looked at your home's actual market value lately, now is the time. Your city assessment is one number. What a buyer would actually pay today is another. And right now, those two numbers are telling very different stories depending on whether you own a house or a condo.
The Vibe: Houses vs. Condos in Ellerslie
Let's break it down for us locals, because these two property types are living in completely different markets right now.
Houses - Strong Prices, Slower Pace
If you've been watching the "For Sale" signs in Ellerslie, here's what's actually happening with houses. The average sale price sits at $454,000, which is up 9.5% from last month. That sounds great on paper. But dig a little deeper and the picture gets more nuanced.
- Average sale price: $454,000 (up 9.5% from last month)
- Average list price this month: $409,900
- Price per square foot: $260
- Homes selling at 98.32% of list price - buyers are getting a small discount
- Average days on market: 26 days
- Properties sold this month: 2 (down 50% from last month)
- HonestDoor predicted value: $492,921
- 3-month moving average: $500,393 - values are drifting down slightly
- Rental yield: 5.67% - that's a strong return for investors
- Estimated monthly rent: $2,431
Houses are still selling above the $400s, but they're sitting on the market longer than in nearby Summerside, where homes move in 14 days compared to our 26. That gap matters. It means buyers have a bit more breathing room to negotiate here than they do a few blocks over. The predicted value is also trending down from the 3-month average, so we're not in freefall, but the market is taking a breather. On the neighbourhood leaderboard, Ellerslie houses rank 157 out of 285 for growth in Edmonton - right in the middle of the pack.
Condos - A Market Worth Watching Carefully
The condo story in Ellerslie is the one we need to talk about honestly. The average sale price dropped to $162,750 this month, down 18.6% from last month. Only 2 condos sold, and they sat on the market for an average of 107 days. That is a long time.
- Average sale price: $162,750 (down 18.6% from last month)
- Average list price this month: $165,900
- Price per square foot: $198
- Condos selling at 96.44% of list price - buyers are negotiating harder
- Average days on market: 107 days
- HonestDoor predicted value: $215,268
- 3-month moving average: $214,651 - values are nudging up slightly
- Rental yield: 4.30% - moderate, but workable for investors
- Estimated monthly rent: $1,171
Here's the interesting wrinkle. The HonestDoor predicted value of $215,268 is actually higher than the 3-month average and higher than nearby Menisa condos at $175,324. So while the recent sale prices look soft, the underlying predicted value is holding steadier. On the neighbourhood leaderboard, Ellerslie condos rank 105 out of 297 for growth - that puts us in above-average territory for Edmonton condos, which is a better story than the recent sale prices suggest.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing about your city assessment. It was calculated using data that is already months old by the time it lands in your mailbox. It doesn't know what happened on your street last week. It doesn't adjust for the fact that house values in Ellerslie are running 2.81% higher than the average assessed value in Edmonton right now.
For house owners, the average HonestDoor Price is $492,159. The average assessed value is $478,729. That's a $13,430 gap - real money that your assessment is leaving on the table.
For condo owners, the story flips. The average HonestDoor Price is $205,200, which is 6.39% lower than the average assessed value of $219,208. If you're a condo owner and you're making financial decisions based on that assessment number, you may be overestimating what your unit is actually worth in today's market. The HonestDoor Price is the real-world check. Use it.
The 'So What?': Thinking About Selling This Summer?
If you own a house in Ellerslie and you're thinking about listing this summer, the conditions are still in your favour - but the window isn't wide open forever. Prices are up year-over-year, the rental yield is strong at 5.67% which keeps investor interest alive, and 63 house transactions happened in 2026 already. The market is active. That said, your home will likely sit for a few weeks, so price it right from day one. Buyers here are paying 98.32% of list - they're not panicking, but they're not overpaying either.
If you own a condo and you're thinking about selling, be realistic. The recent sale prices are soft, days on market are long, and buyers have options. The HonestDoor predicted value of $215,268 gives you a better anchor than the city assessment, but you'll want to price competitively to avoid sitting for 100-plus days. The good news is that Ellerslie condos are growing faster than most Edmonton neighbourhoods - rank 105 out of 297 - so this isn't a neighbourhood in trouble. It's a segment that needs the right price to move.
Bottom line - Ellerslie is a neighbourhood with real fundamentals. Good rental yields, active transaction volume, and a location that keeps it competitive against Summerside, Menisa, and Satoo. Check your HonestDoor Price before you make any moves. It's the number that actually reflects today's market, not last year's spreadsheet.
ellerslie | edmonton | october 2026This 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.