Empire Park, Edmonton - September 2026 Real Estate Report

Empire Park, Edmonton: Your Neighbour Just Got a Surprise - And It's Not Small

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, stop. That number is not telling you the full story - and the gap between what the city thinks your home is worth and what the market actually says is one of the biggest in Edmonton right now.

The Vibe: What's Actually Happening on Our Streets

Houses - Taking a Breather, But Still Standing Strong

We saw 3 house sales go through in Empire Park recently - up 50% from the month before. That sounds exciting, but let's be straight: prices have pulled back. The average sale price came in at $304,000, down 22.7% from last month, and homes are sitting on the market for an average of 76 days. Buyers are paying about 98 cents on the dollar of list price, so there's a little room to negotiate if you're shopping.

Here's the thing though - our 76 days on market is actually faster than nearby Rideau Park, where homes are sitting for 98 days. So while the market is cooling, Empire Park houses are still moving quicker than some of our neighbours.

• Average sale price: $304,000 (down 22.7% from last month)
• Average listing price: $287,450
• Price per square foot: $303
• Sale-to-list ratio: 97.95%
• Average days on market: 76
• Transactions in 2026: 7
• Rental yield: 5.52%
• Estimated monthly rent: $2,788

On the leaderboard, houses in Empire Park rank 233 out of 291 neighbourhoods for growth - that puts us in the bottom tier for price appreciation right now. Not a panic moment, but worth knowing if you're planning a move in the next year.

Condos - Slow to Sell, But Quietly Climbing

Our condo market tells a different story. Only 1 condo sold recently, and it took 263 days to get there - that's a rank of 111 out of 112 neighbourhoods for days on market. In plain terms, condos here are among the slowest-selling in the city. If you're a condo owner thinking about listing, patience is not optional - it's the whole strategy.

But here's the flip side: condo values are actually trending up. The predicted market value of $205,716 is sitting above the 3-month moving average of $204,491, and recent value change is up 1.73%. That puts Empire Park condos at rank 46 out of 302 neighbourhoods for growth - solidly in the top performers in Edmonton. The market is slow, but it's moving in the right direction.

• Average sale price: $187,000 (down 13.0% from last month)
• Average listing price: $195,000
• Price per square foot: $194
• Sale-to-list ratio: 95.90%
• Average days on market: 263
• Transactions in 2026: 7
• Rental yield: 4.32%
• Estimated monthly rent: $1,122

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

Here is the number that should make every house owner in Empire Park sit up straight. The city's average assessed value for a house here is $372,686. The average HonestDoor Price is $594,395. That is a gap of nearly $222,000 - or 59.49% higher than what the city has on file.

Your tax assessment is a snapshot from the past. It does not update in real time, and it does not reflect what a buyer would actually hand you a cheque for today. The HonestDoor Price pulls from current market activity and gives you a real-world number - not a bureaucratic one.

Yes, the HonestDoor Price for houses has dipped 2.56% from the previous period. That is the market taking a breather. But even with that dip, the gap between assessed value and real-world value is enormous. If you are making any financial decision - refinancing, selling, even just knowing your net worth - use the HonestDoor Price as your starting point.

For condo owners, the gap is smaller but still real. The city assessment sits at $187,110, while the HonestDoor Price is $203,845 - about 8.94% higher. And unlike houses, the condo HonestDoor Price is actually ticking upward.

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

If you own a house in Empire Park and you're thinking about listing this summer, here is the honest take. The market is softer than it was - prices are down, and buyers know they have a bit of leverage right now. But demand is real. Homes here are selling faster than in Rideau Park, and a 5.52% rental yield means investors are watching this neighbourhood closely.

Pricing sharp matters right now. Buyers are paying just under list price, so coming in too high will cost you time, not just money. With homes averaging 76 days on market, a well-priced listing can still move before the summer is over.

For condo owners, summer 2025 is a waiting game. The growth trend is positive - top 20% in Edmonton - but 263 average days on market means you need a long runway. If you are not in a rush, the trajectory is working in your favour. If you need to sell quickly, price aggressively from day one.

Bottom line: Empire Park is not the flashiest neighbourhood on Edmonton's leaderboard right now, but it is far from down and out. The HonestDoor Price tells us there is real value here that the city's numbers are not capturing. Know your real number before you make any move.

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.