Forest Heights, Edmonton - October 2026 Real Estate Report
Forest Heights, Edmonton: Your Neighbour Just Got a Surprise on Their Assessment
If you own a home in Forest Heights and you have not checked your HonestDoor Price lately, you are probably leaving money on the table - or at least walking around with the wrong number in your head. Here is what is actually going on in our neighbourhood right now.
The Vibe: Houses vs. Condos
Houses - Strong Prices, But the Market is Catching Its Breath
If you have been watching the "For Sale" signs on our streets, here is what is actually happening. House sale prices are averaging $774,571 this month - up 6.2% from last month. That is a real jump. But listings are sitting at $724,450 on average, and homes are taking about 44 days to sell. That gap tells us buyers are still active, but they are not panicking. They are negotiating.
Properties are selling at 98.78% of list price. Translation: buyers are getting a small discount, but sellers are still holding most of their ground. We are not in a fire-sale situation. We are in a market where pricing your home right from day one matters more than ever.
- Average house sale price: $774,571 (up 6.2% from last month)
- Average listing price: $724,450
- Price per square foot: $487
- Average days on market: 44
- Sale-to-list ratio: 98.78%
- Properties sold this month: 7
- Predicted market value: $570,402
- Estimated monthly rent: $2,762
- Rental yield: 5.51%
On the neighbourhood leaderboard, our house price growth ranks 93 out of 285 Edmonton neighbourhoods - putting us in the above-average tier. Our days-on-market rank is 40 out of 116, meaning homes here sell moderately fast compared to the rest of the city. And for price, we sit at rank 35 out of 285 - that puts Forest Heights houses among the most expensive in Edmonton. That is not nothing.
Condos - A Different Story Entirely
The condo side of Forest Heights is a much quieter market right now. Only 1 condo sold this month at $193,500, and listings are averaging $199,700. Buyers paid about 96.90% of list price, and units are sitting on the market for an average of 72 days. That said, we are actually moving condos faster than nearby Terrace Heights, where the average is 82 days - so demand here is comparatively solid.
The HonestDoor Price for condos tells a more interesting story, which we will get into below.
- Average condo sale price: $193,500
- Average listing price: $199,700
- Price per square foot: $211
- Average days on market: 72
- Sale-to-list ratio: 96.90%
- Properties sold this month: 1
- Predicted market value: $1,305,014
- Estimated monthly rent: $3,683
- Rental yield: 3.58%
Condo growth ranks 96 out of 297 Edmonton neighbourhoods - still above average. Price rank sits at 146 out of 218, which is below average for the city. If you own a condo here and are thinking about renting it out, that 3.58% yield is moderate - not a home run, but not a loss either.
The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters
Here is the thing about your city assessment. It is a snapshot from months ago, built on data that was already old when they mailed it to you. The city assessed the average Forest Heights property at $545,048. But the average HonestDoor Price right now is $566,313. That is a $21,265 difference - and that gap is your real-world check on what the market is actually doing today.
For condos, the contrast is even sharper. The HonestDoor Price for Forest Heights condos sits at $1,275,545. That number reflects real-time signals from the market, not a government formula that gets updated once a year.
The HonestDoor Price updates continuously. Your tax assessment does not. If you are making any financial decision based on your property - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to use. It is 3.90% higher than the average assessed value in Edmonton right now. That difference is not a rounding error. It is real equity that a static assessment might be hiding from you.
- Average city assessment (houses): $545,048
- Average HonestDoor Price (houses): $566,313 - that is $21,265 more
- HonestDoor Price vs. Edmonton average assessed value: 3.90% higher
- Average HonestDoor Price (condos): $1,275,545
The "So What?" - Thinking About Selling This Summer?
If you are a Forest Heights homeowner eyeing a summer sale, here is the straight talk.
House prices are up month-over-month and we rank in the top 35 most expensive neighbourhoods in Edmonton. That is a strong position to list from. But homes are sitting 44 days on average before selling, and buyers are negotiating small discounts off list price. This is not a bidding-war market right now. It is a price-it-right market. Come in too high and you will sit. Come in sharp and you will move.
Our neighbourhood growth is modest at 0.02% year over year, and the predicted house value of $570,402 is slightly below the 3-month moving average of $576,231. The market is taking a breather. That does not mean do not sell - it means do not overprice and then chase the market down with reductions.
For condo owners, the market is slower and more patient. One sale this month is a thin data set. If you are selling a condo here, expect a longer runway and price accordingly from the start.
The bottom line for anyone thinking about listing this summer: check your HonestDoor Price before you do anything else. It is the most current read on what a buyer would actually pay for your home today - not what the city thought it was worth last year. With 64 property transactions recorded in Forest Heights in 2026 across 1,387 assessed properties, this neighbourhood is active. Make sure you are working with the right number.
- Best move right now: Pull your HonestDoor Price and compare it to your assessment
- Rental option worth considering: $2,746 average monthly rent estimate for houses
- Airbnb potential: $137 per night average estimate
- Neighbourhood transaction rank in Edmonton: 40th - we are a busy market
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.