Granville, Edmonton - October 2026 Real Estate Report
Granville, Edmonton: Your Neighbour Just Sold - Here Is What You Need To Know
If you have been watching the "For Sale" signs in Granville lately, here is the straight story. The market is taking a breather, but this neighbourhood is still holding its own against everything around it. Houses are selling fast, condos are moving faster, and your city assessment is probably lying to you - in both directions.
The Vibe: Houses vs. Condos in Granville
Houses
We saw 5 house sales this month - up 25% from last month, which is a real sign of life. But the average sale price came in at $592,300, down 13.8% from the previous month. That sounds alarming until you look at the full picture. Homes are still selling at 98.75% of list price, meaning buyers are not lowballing us. They are paying close to what sellers are asking. The gap is not a collapse - it is a negotiation.
The number that should grab your attention: houses in Granville are sitting on the market for an average of just 13 days. That earns us a days-on-market rank of 12 out of 116 Edmonton neighbourhoods. That is elite territory. When a house goes up, it goes fast.
- Average sale price: $592,300
- Average list price: $464,500
- Price per square foot: $346
- Sale-to-list ratio: 98.75%
- Average days on market: 13
- Properties sold this month: 5 (up 25%)
- Estimated monthly rent: $2,976
- Rental yield: 5.40%
On the leaderboard, Granville houses rank 58 out of 285 Edmonton neighbourhoods for price - solidly above average. Growth ranks 111 out of 285, which puts us in the above-average tier. Not the fastest-growing block in the city, but we are ahead of more than half the competition.
Condos
The condo side of Granville is a smaller market - only 1 sale recorded in 2026 so far - so take the trend lines with some context. That one sale came in at $286,500, with a list price of $295,000 and a sale-to-list ratio of 97.12%. Buyers paid slightly below ask, and the unit moved in 10 days. That days-on-market rank of 5 out of 113 Edmonton condo neighbourhoods is genuinely impressive.
The condo growth rank sits at 159 out of 297 - below average for Edmonton. Values have dipped 0.62% recently, and the 3-month moving average of $369,272 is trending slightly down. This is not a crisis, but it is worth watching if you own a condo here.
- Average sale price: $286,500
- Average list price: $295,000
- Price per square foot: $340
- Sale-to-list ratio: 97.12%
- Average days on market: 10
- Estimated monthly rent: $1,925
- Rental yield: 4.08%
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here is the thing about your city assessment - it is a snapshot from months ago, built on formulas that do not account for what buyers are actually doing on the ground today. The HonestDoor Price is a real-world check updated in real time.
For houses in Granville, the average city assessment sits at $628,888. The HonestDoor Price is $614,841 - that is 2.23% lower than the assessed value. If you are a homeowner banking on that assessment number for a sale price conversation, you could be starting the negotiation on the wrong foot.
For condos, it flips the other way. The average city assessment is $312,531, but the HonestDoor Price is $357,375 - a full 14.35% higher. If you own a condo in Granville and you have only been looking at your assessment, you are likely undervaluing what you actually own.
Both the house and condo HonestDoor Prices have dipped slightly from the previous period - down 0.72% and 2.69% respectively. That is not a red flag, but it does mean right now is the time to check your number, not six months from now.
The So What: Should You Sell in Granville This Summer?
If you own a house in Granville and you have been sitting on the fence, the case for moving this summer is real. Homes are selling in under two weeks. Buyers are paying within 1.25% of list price. And compared to every neighbourhood around us - Glastonbury, Breckenridge Greens, Potter Greens - Granville houses command higher prices and are growing at the same pace or faster.
The predicted market value for a Granville house sits at $619,284, which is slightly below the 3-month moving average of $626,145. That tells us values are easing, not crashing. If selling is on your radar, sooner beats later in a softening trend.
For condo owners, the picture is more nuanced. Values are above what the city thinks your unit is worth, which is good news. But with only 1 transaction in the neighbourhood this year, the market is thin. Pricing it right from day one matters more here than anywhere else - a stale listing in a low-volume market is hard to recover from.
Bottom line: pull your HonestDoor Price before you call an agent. It is the most current number you have, and in this market, starting with the right number is everything.
granville | 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.