Ellerslie, Edmonton - September 2026 Real Estate Report

Ellerslie Real Estate Check-In: What Your Neighbour Hasn't Told You Yet

The Vibe Right Now

If you've been watching the "For Sale" signs in Ellerslie, here's what's actually happening. The market is taking a breather. Both houses and condos are selling below list price, days on market are stretching out, and sale prices dipped from last month. That doesn't mean panic - it means you need to know your numbers before you make a move.

Houses: The Honest Picture

We saw 4 house sales this month, down 20% from last month, with an average sale price of $414,624. That's a notable drop from the prior period. Homes are sitting on the market for an average of 36 days, and buyers are paying about 99% of list price - so they're not overpaying, but they're not getting steep discounts either. The good news? The predicted market value for a house here sits at $503,942, which is nudging upward against the 3-month average of $501,751. That's a small but real signal that underlying value is holding.

• Average sale price: $414,624
• Average list price: $469,999
• Price per square foot: $369
• Sale-to-list ratio: 99.05%
• Average days on market: 36
• Predicted market value: $503,942
• Estimated monthly rent: $2,479
• Rental yield: 5.65%

On the neighbourhood leaderboard, Ellerslie houses rank 75 out of 285 for price in Edmonton - that puts us in the top third. For how fast homes sell, we rank 35 out of 112, which is a solid spot. Growth rate ranks 155 out of 291, landing us in the below-average tier for appreciation right now. Nearby, Summerside houses are running at an HonestDoor Price of $604,116 - about $100,000 more than us. Satoo and Menisa are both cheaper and growing faster, which is worth knowing if you're comparing options.

Condos: A Different Story

Our condo market is a bit softer. Eight condos sold this month, with an average sale price of $199,850 - down 9.5% from last month. Buyers are paying 94.67% of list price, which means there's real negotiating room. Condos are sitting on the market for 56 days on average, so if you're a seller, pricing sharp from day one matters more than ever right now.

• Average sale price: $199,850
• Average list price: $184,260
• Price per square foot: $240
• Sale-to-list ratio: 94.67%
• Average days on market: 56
• Predicted market value: $214,132
• Estimated monthly rent: $1,166
• Rental yield: 4.30%

On the condo leaderboard, we rank 125 out of 302 for growth - that puts Ellerslie condos in the above-average tier for Edmonton, which is a better position than it might feel right now. Price rank is 126 out of 216, placing us in the below-average range for condo pricing across the city. Compared to nearby Menisa, our condos are still fetching slightly more - $199,850 versus $197,000 in sales, and our predicted value of $214,132 beats Menisa's $179,891. Summerside condos, at an HonestDoor Price of $298,950, are in a different league.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing most Ellerslie homeowners don't realize. The city's assessed value for your house is $478,729. That number was calculated using data that's already months old by the time it lands in your mailbox. The HonestDoor Price for houses here is $492,921 - that's $14,192 higher than what the city thinks your home is worth, and it updates in real time.

For condos, it flips the other way. The city's average assessed value is $219,208, but the HonestDoor Price is $215,268. If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - using a static government number is like navigating with last year's map. The HonestDoor Price is the real-world check that reflects what buyers are actually doing right now.

With 1,346 houses and 725 condos assessed in Ellerslie this year, and 59 house transactions plus 35 condo transactions recorded in 2026, there's enough real activity here to make that live pricing data genuinely useful - not just a guess.

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

If you're a house owner thinking about listing this summer, the window is real but it requires a sharp strategy. Buyers are paying close to list price on houses - 99% - but the number of sales is thin and prices slipped last month. That means your list price has to be right from the start. Overpricing in this market means sitting for 36-plus days and then cutting anyway.

If you own a condo and want to sell, be honest with yourself about the timeline. Fifty-six days on market is the current average, and buyers are getting about 5% off list. Price it to move, not to negotiate down from a wishful number.

For anyone holding either property type as a rental, the numbers still work. A 5.65% rental yield on a house and 4.30% on a condo are both respectable in this rate environment. With average house rents at $2,479 and condo rents at $1,166 per month, Ellerslie is still a place where the math on holding makes sense.

Bottom line - Ellerslie is not a market to panic about, but it's also not one to sleepwalk through. Check your HonestDoor Price, know where you stand against the neighbourhood leaderboard, and make your move with real numbers in hand.

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.