Empire Park, Edmonton - August 2026 Real Estate Report

Empire Park, Edmonton: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Empire Park and you're still looking at your city assessment to figure out what your place is worth, you're leaving serious money on the table. The numbers are in, and the gap between what the city thinks your home is worth and what the market actually says is massive. Here's the real picture.

The Vibe: What's Happening With Houses and Condos Right Now

Houses - Steady, But Taking a Breather

If you've been watching the "For Sale" signs in Empire Park, here's what's actually happening. The house market is holding its ground, but it's not sprinting. We're seeing an average sale price of $393,250 with listings sitting at $359,000 this month. Buyers are paying about 96.66% of list price, so if you're selling, expect a small negotiation. That's normal in a stable buyers' market.

• Average sale price: $393,250
• Current average list price: $359,000
• Price per square foot: $404
• Average days on market: 55 days
• Properties sold at: 96.66% of list price
• Transactions in 2026: 5

The 55-day average to sell is worth noting. Our neighbours in Pleasantview are moving houses in 35 days. That gap tells us Empire Park houses are taking a breather right now. Not a crash - just a slower pace. Buyers have a bit more breathing room here than they do one neighbourhood over.

On the growth leaderboard, Empire Park houses rank 173 out of 292 Edmonton neighbourhoods. That's below the midpoint. Not the bottom, but not a leader either. The price rank sits at 213 out of 285 - so we're in the more affordable tier of Edmonton, which actually works in your favour if you're trying to attract buyers priced out of Pleasantview.

Condos - Small, Fast, and Quietly Holding Up

The condo story in Empire Park is a different one. We're seeing condos sell fast - an average of 27 days on market. That's quicker than Pleasantview's 35-day average, and it ranks us 21st out of 111 Edmonton neighbourhoods for speed. When condos are moving that quickly, it tells you demand is real.

• Average sale price: $215,000
• Current average list price: $219,900
• Price per square foot: $179
• Average days on market: 27 days
• Properties sold at: 97.77% of list price
• Transactions in 2026: 6
• Average assessed value: $187,110

Condos are selling above the assessed value and beating nearby Rideau Park's average condo sale price of $186,500. The predicted market value sits at $202,222, though that's slightly down from the 3-month moving average of $204,611 - a small dip worth watching. The growth rank for condos is 226 out of 302, so the value climb is modest. But the rental yield of 4.31% and the speed of sales make Empire Park condos a quiet, practical play for investors.

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

Here's the thing about your city assessment. It's a snapshot taken in the past, updated once a year, and it doesn't care what happened in the market last month. The HonestDoor Price is a real-time estimate that moves with the market. And right now, that difference is enormous for Empire Park homeowners.

For houses, the average city assessment is $372,686. The average HonestDoor Price is $610,024. That's a gap of 63.68%. If you're making any financial decision - refinancing, selling, even just understanding your net worth - and you're using the city number, you're working with data that undersells your property by nearly two-thirds of its real-world value.

For condos, the gap is smaller but still real. The average assessed value is $187,110. The HonestDoor Price is $205,716 - up 1.73% from the previous period. The city's number is lagging behind a market that's actually ticking upward for condos.

Think of the HonestDoor Price as the number your real estate agent would whisper to you before you listed - not the number the city mailed you in January.

The "So What?" - If You're Thinking About Selling This Summer

Selling a house in Empire Park this summer? Here's the honest take. You have a real asset - the HonestDoor Price of $610,024 for houses is strong, and the predicted market value of $617,030 is trending up from the 3-month average of $613,482. That's a positive signal heading into summer.

But price it right from day one. With 55 days on market and buyers paying just under list, overpricing will cost you time. Pleasantview is pulling buyers who want faster-moving streets. Your edge is value - Empire Park offers more house for the money compared to neighbours like Pleasantview ($627,275 HonestDoor Price) and you're still well above Calgary Trail North ($496,590).

For condo owners, the window looks good right now. Condos are moving in 27 days, the HonestDoor Price is up 1.73%, and your rental yield of 4.31% makes this an attractive buy for investors. If you're thinking of listing, the fast-moving market is on your side - but the predicted value of $202,222 is slightly below the 3-month average, so don't wait too long hoping for a big run-up.

• House HonestDoor Price: $610,024 (up from assessed value of $372,686)
• Condo HonestDoor Price: $205,716 (up 1.73% from previous period)
• House rental estimate: $2,788 per month
• Condo rental estimate: $1,122 per month
• House rental yield: 5.52% - strong returns for landlords
• Neighbourhood growth: 0.08% year over year for houses, 0.15% for condos

Bottom line - Empire Park is not a flashy, headline-grabbing market right now. It's a solid, real neighbourhood where the actual values are significantly stronger than the city's paperwork suggests. Check your HonestDoor Price, know what you actually own, and make your move with the right number 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.