Elmwood Park, Edmonton - September 2026 Real Estate Report

Elmwood Park, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs on your street, here's what's actually happening in Elmwood Park. The market is taking a breather - but it's not falling apart. Houses and condos are telling two different stories, and knowing which one applies to your property could be worth real money this summer.

Houses - Cooling, But Still Standing

The average house sale price sits at $380,667 this month, down 2.9% from last month. That sounds alarming until you realize buyers are still paying 97.33% of list price - so sellers aren't getting crushed, they're just getting a little less wiggle room. The bigger flag is days on market. Houses are sitting for an average of 79 days right now. That's not a sprint, that's a slow walk. If you're pricing like it's last year, you'll feel that number.

• Average house sale price: $380,667 (down 2.9% from last month)
• Average list price this month: $300,000
• Price per square foot: $375
• Sale-to-list ratio: 97.33% - buyers are paying below ask
• Average days on market: 79 days
• Properties sold this month: 3
• Predicted market value: $371,196
• Estimated monthly rent: $1,942 - rental yield of 5.87%
• Neighbourhood growth rank: 192 out of 291 in Edmonton

That 5.87% rental yield is genuinely solid. If selling feels uncertain right now, holding and renting is a real option worth running the numbers on.

Condos - Affordable, But Moving Slowly

Condos in Elmwood Park are a different animal. The average sale price is $83,500 - up a modest 0.6% from last month, which is a green shoot. But buyers paid only 93.82% of list price, and the average condo sat on the market for 92 days. One condo sold this month. That's a thin market. If you own a condo here and are thinking about selling, pricing sharp from day one is not optional - it's the strategy.

• Average condo sale price: $83,500 (up 0.6% from last month)
• Average list price this month: $89,000
• Price per square foot: $92
• Sale-to-list ratio: 93.82% - buyers have leverage
• Average days on market: 92 days
• Properties sold this month: 1
• Predicted market value: $72,297
• Estimated monthly rent: $397 - rental yield of 4.35%
• HonestDoor Price: $71,083 (down 1.68% from previous period)

Condos here rank 214 out of 216 on price in Edmonton - meaning they are among the most affordable in the city. That cuts both ways. Entry-level buyers can get in cheap, but appreciation is slow and the competition from nearby neighbourhoods like Eastwood (HonestDoor Price $145,800) is real.

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

Here's the thing about your city assessment. It's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or the new roof you put on last fall. The HonestDoor Price updates in real time using actual sales data - it's the real-world check your assessment will never be.

For Elmwood Park houses, the average HonestDoor Price is $365,604. The average city assessed value is $355,122. That's a $10,482 gap - and the HonestDoor Price is 2.95% higher than the Edmonton average assessed value. If you're basing any financial decision on your tax notice alone, you're working with old information.

Yes, the HonestDoor Price for houses has dipped 1.51% from the previous period. That's worth knowing. It means the market is adjusting, and waiting six months hoping for a big bounce may not be the play right now.

• Average assessed value (houses): $355,122
• Average HonestDoor Price (houses): $365,604 - 2.95% above Edmonton average assessed value
• HonestDoor Price change: down 1.51% from previous period
• Total properties assessed in Elmwood Park: 319
• Neighbourhood year-over-year growth: 0.14%

The Neighbourhood Leaderboard

Where does Elmwood Park actually stand against the rest of Edmonton? Here's the honest scorecard for houses.

• Growth rate rank: 192 out of 291 - below average, sitting in the bottom half of Edmonton neighbourhoods
• Days-on-market rank: 72 out of 112 - properties here sell slower than most
• Price rank: 239 out of 285 - one of the more affordable options in the city
• Total transaction rank: 80 out of all Edmonton neighbourhoods - decent sales volume

Compared to neighbours, Elmwood Park holds its own. Eastwood (HonestDoor Price $345,631, growth 0.11%) and Balwin (HonestDoor Price $361,920, growth 0.10%) are both cheaper and growing slower. Elmwood Park is outpacing them - quietly, but consistently.

So What - Should You Sell This Summer?

If you own a house in Elmwood Park and have been sitting on the fence, here is the straight answer. The window is open, but it is not wide. Prices are drifting down, days on market are climbing, and buyers know they have options. Sellers who price accurately from the start - using a current HonestDoor Price, not last year's assessment - are the ones closing deals. Sellers who overprice are the ones staring at 79-plus days on market and eventually cutting anyway.

If you own a condo, the math is harder. With only one sale this month and buyers paying 93.82% of ask, you need a compelling price to even get showings. The rental yield of 4.35% is moderate - not a slam dunk for holding, but not a reason to panic-sell either.

The bottom line for Elmwood Park homeowners - check your HonestDoor Price today. Not your assessment notice from the city. The market is moving, and the number that matters is the one that reflects what buyers are actually paying 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.