Empire Park, Edmonton - October 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 working with old news. Here's what's actually happening on the ground right now.
The Vibe: Houses vs. Condos in Empire Park
Empire Park is a split story right now, and we think it's worth knowing which side of that story you're on.
Houses - Fast Off the Market, But Prices Are Easing
If you've been watching the "For Sale" signs in Empire Park, here's what's actually happening with houses. They're moving quickly - 19 days on market on average, which is faster than nearby Pleasantview at 26 days. That's a real signal that buyers are still showing up. Our days-on-market rank sits at 18 out of 116 neighbourhoods in Edmonton. That puts us near the very top for speed.
- Average sale price: $479,000
- Current average list price: $485,000
- Price per square foot: $520
- Homes are selling at 98.76% of list price - buyers are getting a small discount
- 1 transaction recorded this month
- Predicted market value: $594,395
- 3-month moving average: $607,150 - values are dipping slightly
- Rental yield: 5.54% - strong for landlords
- Estimated rent: $2,726 per month
- Recent value change: -2.56%
- Growth rank: 188 out of 285 Edmonton neighbourhoods
The honest read here? Houses are selling fast, but the price trend is taking a breather. The predicted market value of $594,395 is already slipping below the 3-month average of $607,150. It's not a freefall - it's a soft patch. Buyers know it, which is why they're getting homes for just under list price. If you're a seller, speed is your friend right now. Sitting on the market longer will cost you.
Condos - Prices Jumped, But the Gap Tells a Story
Our condo market is doing something interesting. The average sale price hit $232,000 this month - up 24.1% from last month. That sounds exciting, but pump the brakes for a second. Listings are averaging $249,000, and properties are selling at 93.17% of list price. That gap between what sellers want and what buyers pay is worth watching.
- Average sale price: $232,000 (up 24.1% month over month)
- Current average list price: $249,000
- Price per square foot: $233
- Properties selling at 93.17% of list price
- 1 transaction recorded this month
- Average days on market: 22 days - still faster than Pleasantview at 26 days
- Predicted market value: $203,845
- 3-month moving average: $203,928 - essentially flat
- Rental yield: 4.32% - moderate but workable
- Estimated rent: $1,112 per month
- Recent value change: -0.91%
- Growth rank: 171 out of 297 Edmonton neighbourhoods
Condos here are below average on the Edmonton price leaderboard - ranked 126 out of 218 neighbourhoods. But they're moving faster than most. If you own a condo in Empire Park and you're thinking about renting it out, a 4.32% yield is a reasonable return in this market.
The Secret Sauce: Your HonestDoor Price vs. That City Assessment
Here's the number that should get your attention. The city's average assessed value for a house in Empire Park is $372,686. The average HonestDoor Price is $589,290. That's a difference of 58.12%. Your tax assessment is not your home's value. It's a snapshot from the past, built on data that's already out of date by the time it lands in your mailbox.
The HonestDoor Price is updated in real time using actual sales, current listing activity, and neighbourhood trends. It's the number a serious buyer or their agent is going to use when they sit down at the table. If you're making any decision about your home - selling, refinancing, even just understanding your net worth - the HonestDoor Price is the real-world check you need.
For condos, the assessed value averages $187,110 while the HonestDoor Price sits at $202,274. A smaller gap, but still an 8.10% difference. Every dollar of that gap matters when you're negotiating.
The 'So What?': Thinking About Selling This Summer?
Here's the straight talk for Empire Park homeowners eyeing a summer sale.
For house sellers - you have a window right now. Homes are moving in 19 days, which is genuinely fast. But the predicted value is trending down from its 3-month average, and buyers are already negotiating small discounts off list price. Pricing sharp and getting in front of buyers before the market softens further is the play. Waiting for values to bounce back is a gamble when the trend line is pointing the other way.
For condo sellers - the 93.17% sale-to-list ratio means buyers have leverage. Price it right from day one. An overpriced condo in a buyers' market sits, and a condo that sits loses value in a buyer's eyes. The good news is that condos here are still moving faster than Pleasantview, so demand isn't gone - it just has limits.
Either way, check your HonestDoor Price before you do anything else. It's free, it's current, and it's the number that actually reflects what Empire Park buyers are paying today - not what the city thought your home was worth a year ago.
- Empire Park house HonestDoor Price: $589,290 - down 0.86% from last period
- Empire Park condo HonestDoor Price: $202,274 - down 0.77% from last period
- Neighbourhood growth (houses): -2.56% recently, ranked 188 out of 285 in Edmonton
- Neighbourhood growth (condos): -0.91% recently, ranked 171 out of 297 in Edmonton
- Closest competition: Pleasantview houses at $614,028 HonestDoor Price and growing slightly faster at 0.10%
Empire Park is a solid neighbourhood with real demand. But right now, the market is rewarding sellers who are honest about pricing and move with urgency. That's the real talk.
empire park | 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.