Granville, Edmonton - September 2026 Real Estate Report

Granville, Edmonton: Your Neighbour Just Listed. Here Is What You Actually Need to Know.

If you have been watching the "For Sale" signs pop up in Granville this season, you are not imagining things. The market here is shifting, and the numbers tell a pretty clear story. Here is the straight talk on what is happening with houses and condos in our corner of Edmonton right now.

The Vibe: Houses vs. Condos in Granville

Houses - Taking a Breather

Let us be honest - the house market in Granville is cooling off. The average sale price sits at $687,325, but that is down 5.5% from last month. Listings are coming in at $649,555 on average, and buyers are paying about 96.91% of list price. Translation: if you list at $700,000, expect offers closer to $678,000. Homes are sitting for about 25 days before selling, which is actually pretty competitive for Edmonton - we rank 24th out of 112 neighbourhoods for speed of sale.

• Average sale price: $687,325 (down 5.5% from last month)
• Average list price: $649,555
• Price per square foot: $379
• Average days on market: 25
• Properties sold this month: 4
• Sale-to-list ratio: 96.91%
• Predicted market value: $629,143
• Estimated monthly rent: $3,016
• Rental yield: 5.38%

On the neighbourhood leaderboard, Granville houses rank 161 out of 291 for growth - squarely below average. That is not a disaster, but it does mean we are not leading the pack right now. On price though, we rank 59 out of 285, which puts us solidly above average for Edmonton. We are a premium address - the market is just catching its breath.

Compare us to the neighbours: Glastonbury, Breckenridge Greens, and Potter Greens are all cheaper and growing slower. Granville is still the more expensive option in this pocket of the city, and that gap is holding.

Condos - Small Sample, Fast Movers

The condo side of Granville is a different story. Only 1 condo sold this month, so we are working with a thin slice of data - but that one sale moved fast. Average days on market for condos here is just 10 days, ranking us 5th out of 112 Edmonton neighbourhoods for speed. When a condo hits the market in Granville, someone is ready to buy it.

• Average sale price: $286,500
• Average list price: $295,000
• Price per square foot: $340
• Average days on market: 10
• Sale-to-list ratio: 97.12%
• Predicted market value: $369,553
• Estimated monthly rent: $1,934
• Rental yield: 4.07%

On the condo leaderboard, Granville ranks 135 out of 302 for growth - above average. Price rank is 65 out of 216, also above average. And our condos are beating nearby Glastonbury on sale price ($286,500 vs. $252,660), which tells you Granville still carries a premium even in the condo segment.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here is the thing about your city assessment - it is a snapshot from months ago, based on data that is even older than that. It does not know what happened to sale prices last month. It does not know buyers are negotiating harder. It is basically a photograph of a market that has already moved on.

The HonestDoor Price updates in real time. For houses in Granville, the average HonestDoor Price is $619,284 - and it is already 1.53% below the average assessed value. That gap matters. If you are pricing a listing, making an offer, or just figuring out your net worth on paper, using a stale assessment could cost you real money.

For condos, the picture flips. The average HonestDoor Price for condos is $367,251 - that is 17.51% higher than the average assessed value of $312,531. If you own a condo in Granville and you are still thinking about it in terms of your tax assessment, you are likely underselling yourself.

• House HonestDoor Price: $619,284 (down 1.57% recently, 1.53% below assessed value)
• House average assessed value: $628,888
• Condo HonestDoor Price: $367,251 (down 0.62% recently, 17.51% above assessed value)
• Condo average assessed value: $312,531

Think of the HonestDoor Price as your real-world check. It is what the market is actually saying your home is worth today - not what a government office calculated last year.

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

If you own a house in Granville and you are thinking about listing this summer, the window is open but it is not wide. Prices are dipping, buyers are negotiating below list, and the market is taking a breather. That does not mean you should panic - Granville still commands a premium over nearby neighbourhoods, and homes are moving in about 25 days. But pricing sharp matters right now. Overpricing by even 3-4% means sitting on the market and chasing the price down later, which always feels worse than pricing right from day one.

If you own a condo, the story is more encouraging. Condos here are selling fast - top 5 in all of Edmonton for days on market. If you list a well-priced condo, you are likely looking at a quick sale. The rental yield of 4.07% also means investors are paying attention, which keeps demand healthy.

For anyone on the fence, here is the simple version: check your HonestDoor Price before you do anything else. With 815 houses and 176 condos assessed in Granville this year, there is enough data to give you a real picture of where your property stands today - not where it stood 12 months ago.

Granville is still one of the stronger addresses in this part of Edmonton. The market is just reminding us that even good neighbourhoods have to play by the same rules as everyone else right now.

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.