Falconer Heights, Edmonton - October 2026 Real Estate Report
Falconer Heights Real Talk: Your Home Is Worth More Than the City Thinks
If you own a home in Falconer Heights and you have not checked your numbers lately, now is the time. The city's assessment is one thing. What your property is actually worth in today's market is another conversation entirely.
The Vibe Right Now
Let's be straight with each other. The market in Falconer Heights is taking a breather. Both houses and condos are seeing softer sale prices and fewer transactions than last month. That does not mean panic - it means you need to be smart about timing and pricing.
Houses: What's Happening on the Ground
If you have been watching the "For Sale" signs in Falconer Heights, here is what is actually happening with houses right now.
- Average sale price: $624,500 - down 27.4% from last month
- Current average list price: $654,350
- Price per square foot: around $350
- Homes are selling at 97.72% of list price - buyers are negotiating, and winning
- Average days on market: 46 days
- Only 1 house sold this period - down 50% from last month
- HonestDoor predicted market value: $659,671
- 3-month moving average: $668,152 - values are drifting down slightly
- Estimated monthly rent: $3,148 with a rental yield of 5.33%
That 5.33% rental yield is genuinely strong. If selling feels uncertain right now, holding and renting is a real option worth running the numbers on.
On the neighbourhood leaderboard, Falconer Heights houses rank 99 out of 285 Edmonton neighbourhoods for growth - that puts us solidly in the above-average tier. For price, we sit at rank 51 out of 285, meaning we are among the more expensive addresses in the city. Days on market ranks 42 out of 116, so when priced right, homes here do not sit forever.
Condos: A Different Story
The condo picture in Falconer Heights is a bit more nuanced, and we should talk about it honestly.
- Average sale price: $419,000 - down 17.5% from last month
- Current average list price: $439,000
- Price per square foot: around $333
- Condos are selling at 95.44% of list price - buyers have room to negotiate
- Average days on market: 42 days
- 1 condo sold this period
- HonestDoor predicted market value: $3,365,260
- 3-month moving average: $3,343,781 - this figure is actually trending up
- Estimated monthly rent: $6,969 with a rental yield of 2.80%
On the condo leaderboard, Falconer Heights ranks 94 out of 297 Edmonton neighbourhoods for growth - above average. The price rank is 12 out of 218, putting us near the very top tier for condo values in Edmonton. Days on market ranks 30 out of 113, which means condos here move relatively quickly when they are priced well.
The Secret Sauce: Your HonestDoor Price vs. the City's Assessment
Here is the thing about your city assessment. It is calculated once a year using data that can be many months old by the time it lands in your mailbox. The market does not wait for paperwork.
For houses in Falconer Heights, the average city assessment sits at $632,023. The average HonestDoor Price is $651,049. That is a gap of roughly $19,000 - and the HonestDoor Price updates in real time using actual market activity, not last year's snapshot.
The HonestDoor Price is already 3.01% higher than the average assessed value across Edmonton. That gap matters when you are deciding whether to list, refinance, or just figure out where you actually stand.
Think of the HonestDoor Price as the real-world check on a number the city handed you months ago. It reflects what buyers are actually paying right now, not what they were paying when the assessment was locked in.
The 'So What?' - Thinking About Selling This Summer?
Here is the honest take for anyone considering a sale in Falconer Heights this summer.
The market is softer than it was a few months ago. Buyers are paying below list price, homes are sitting for about 46 days on average, and transaction volume is thin. That tells us supply and demand are not exactly racing each other right now.
But here is what works in your favour. Falconer Heights is still one of the pricier addresses in Edmonton - top 20% for house prices, top 5% for condo prices. Neighbours like Henderson Estates are priced significantly higher, and Carter Crest and Rhatigan Ridge are both coming in above us too. That context matters. Buyers looking at this part of the city are serious buyers with real budgets.
If you are selling a house this summer, price it sharp from day one. The days of listing high and waiting are not working right now - homes priced at or near market value are the ones moving. A home sitting 46 days is a home that starts getting lowball offers.
If you own a condo here, the rental yield of 2.80% is moderate, but the predicted value trend is actually moving up. Holding a little longer while the market finds its footing could make sense depending on your situation.
Either way, start with your HonestDoor Price. It is the most current number you have - and in a market that is shifting week to week, current is everything.
falconer heights | 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.