Falconer Heights, Edmonton - September 2026 Real Estate Report

Falconer Heights Real Estate Update: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you own a home in Falconer Heights, here is the short version: the city's assessment says one thing, the real market says another - and the gap is in your favour. The average HonestDoor Price for a house here sits at $659,671, which is 4.37% above the average city-assessed value. That difference is not a rounding error. For a lot of homeowners, that is real money sitting on the table.

Houses - What Is Actually Happening

The house market in Falconer Heights is showing some interesting signals right now. Only 2 homes sold recently, but the average sale price hit $860,000 - up 34.6% from last month. Before you get too excited, that jump is largely a reflection of which specific homes sold, not a sudden neighbourhood-wide surge. The more reliable number to watch is the HonestDoor predicted market value of $669,103, which is nudging up against the 3-month average of $668,810. Slow and steady.

• Average HonestDoor Price: $659,671 (down 1.41% from last period)
• Predicted market value: $669,103
• Average sale price this period: $860,000
• Average listing price: $654,350
• Price per square foot: $450
• Homes sold for 97.72% of list price on average - buyers are negotiating
• Average days on market: 46 days
• Estimated monthly rent: $3,183 with a rental yield of 5.31%
• Airbnb income estimate: $158 per month

That 97.72% sale-to-list ratio tells us buyers have a bit of leverage right now. Homes are not flying off the shelf in bidding wars. At 46 days on market, sellers need to price sharp from day one. The days-on-market rank of 44 out of 112 Edmonton neighbourhoods means we are actually moving homes faster than most - that is a quiet win for Falconer Heights.

On the growth leaderboard, houses here rank 223 out of 291 Edmonton neighbourhoods. That puts us in the below-average tier for price growth right now. The market is taking a breather. But the price rank of 50 out of 285 tells a different story - we are still among the most expensive neighbourhoods in the city. High value, slower growth. That is a stable, established market, not a struggling one.

Condos - A Smaller Slice, But Worth Watching

The condo data here comes with a flag. The average HonestDoor Price for condos is listed at $3,365,260 - a number that is 841% above the average city assessment of $357,519. That gap is almost certainly being driven by a very small sample size (only 3 transactions in 2026 and 1 recent sale), which can skew averages significantly. Treat that headline number with caution. The actual recent sale price of $508,000 and the listing average of $520,000 are the more grounded reference points for everyday condo owners here.

• Average assessed value: $357,519
• Average sale price: $508,000
• Average listing price: $520,000
• Price per square foot: $345
• Sold for 97.69% of list price - buyers are also negotiating here
• Average days on market: 35 days
• Estimated monthly rent: $6,978 with a rental yield of 2.79%
• Airbnb income estimate: $347 per month

Condos are moving faster than houses at 35 days on market, and the growth rank of 92 out of 302 puts condos in the above-average tier for Edmonton. The price rank of 9 out of 216 is striking - Falconer Heights condos are among the priciest in the city. If you own one, that is worth knowing.

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

Here is the thing about your city assessment: it is calculated once a year using data that is already months old by the time it lands in your mailbox. It is a backward-looking snapshot. The HonestDoor Price is updated in real time using actual market activity, comparable sales, and current demand signals. For Falconer Heights house owners, that means the HonestDoor Price is already running 4.37% ahead of what the city has on file. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number that reflects today, not last year.

We have 474 properties assessed in this neighbourhood. Most of those homeowners are probably looking at a city number that undersells what they actually own. Check your HonestDoor Price. It takes two minutes and it is free.

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

If you are a house owner in Falconer Heights and you are thinking about listing this summer, here is the honest picture. You are in a high-value neighbourhood - top 50 in Edmonton for price. That is a strong foundation. But the market is not in a frenzy right now. Buyers are paying about 97.7% of list price, homes are sitting for 46 days on average, and growth is ranked in the lower half of Edmonton neighbourhoods. That means one thing above all else: pricing matters.

List too high and you will sit. Price it right from day one and you will sell. The sweet spot for houses is right around that $659,000 to $669,000 range based on HonestDoor and predicted market value data - not the $860,000 outlier from a single high-end sale.

Your neighbours in Henderson Estates are sitting at an average HonestDoor Price of $876,549. Carter Crest is at $696,564. Rhatigan Ridge is at $758,012. Falconer Heights is priced below all three nearby neighbourhoods, which means buyers who get priced out of those areas often look our way. That is a real advantage heading into summer.

Bottom line: this is not a "list it and watch the offers roll in" market right now. But it is absolutely a market where a well-priced, well-presented home sells. Know your real number. Start with your HonestDoor Price.

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.