Graydon Hill, Edmonton - August 2026 Real Estate Report

Graydon Hill Real Estate Update: Solid Ground, But the Market Is Telling You Something

If you own a home in Graydon Hill and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment number and what buyers are actually paying are two different stories right now - and the gap matters for your wallet.

The Vibe: What's Happening With Houses and Condos Right Now

Houses

If you've been watching the "For Sale" signs in Graydon Hill, here's what's actually happening. Houses are sitting on the market for an average of 50 days. Compare that to Paisley next door at 26 days, and it's clear our market is taking a breather. That said, when homes do sell, they're closing at 98.15% of list price - so buyers aren't lowballing, they're just taking their time.

• Average sale price: $733,000
• Average listing price this month: $631,633
• Price per square foot: $997
• Average days on market: 50
• Sale-to-list ratio: 98.15%
• Predicted market value (HonestDoor): $544,703
• 3-month moving average: $539,783 - values are trending up
• Estimated monthly rent: $2,678
• Rental yield: 5.55% - that's a strong return

On the neighbourhood leaderboard, Graydon Hill houses rank 87 out of 292 Edmonton neighbourhoods for growth. That puts us in the top 30% city-wide. Price rank is 46 out of 285 - meaning we're among the more expensive addresses in Edmonton. That's not a bad place to be.

Condos

The condo picture is a bit more nuanced. The HonestDoor Price for condos sits at $403,372 - and here's the kicker - that's actually 8.08% below the city's average assessed value. So if you're a condo owner relying on your assessment to understand what your unit is worth, you could be overestimating it. Condos are also taking longer to move, averaging 84 days on market.

• Average sale price: $372,500
• Average listing price this month: $375,000
• Price per square foot: $65
• Average days on market: 84
• Sale-to-list ratio: 99.33%
• Predicted market value (HonestDoor): $411,377
• 3-month moving average: $404,774 - values are creeping up
• Estimated monthly rent: $2,139
• Rental yield: 4.00% - moderate but respectable

On the condo leaderboard, we rank 90 out of 302 Edmonton neighbourhoods for growth - still above average. Price rank is 30 out of 218, which means Graydon Hill condos are among the priciest in the city. Compared to nearby Paisley, Heritage Valley Area, and Hays Ridge Area, our condos are commanding a significant premium.

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

Here's the straight talk. The city's assessed value is a snapshot frozen in time. It doesn't know what sold on your street last month. It doesn't adjust for what buyers are actually offering today.

The HonestDoor Price is updated in real time using actual transaction data. For Graydon Hill houses, the HonestDoor Price of $539,776 sits 0.86% above the average city assessment - a small but meaningful difference. For condos, the gap is even more important: the HonestDoor Price of $403,372 is 8.08% below the assessed value. That means condo owners who are pricing based on their tax notice could be setting expectations that the market won't meet.

Both property types have seen slight dips recently - houses down 0.90% and condos down 1.95% from the previous period. That's not a crash. That's the market recalibrating. Knowing your real number now means you can plan ahead instead of being surprised later.

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

If you're a house owner in Graydon Hill and you're thinking about listing this summer, the data says you have a real asset. Prices are strong, rental demand is solid at $2,678 per month, and you're sitting in the top tier of Edmonton neighbourhoods by price. The catch is patience - buyers are taking about 50 days to commit, so price it right from day one. Coming in too high and chasing the market down is the one move you want to avoid.

If you own a condo, be honest with yourself about pricing. The market is telling you that $403,372 is closer to reality than your assessment suggests. The good news is values are trending upward from the 3-month average, so the direction is positive - just don't let an inflated assessment number anchor your strategy.

Either way, the first step is the same. Check your HonestDoor Price before you call an agent, set a list price, or make any decisions. It's the real-world number - not the government's best guess from months ago.

• Total properties assessed in Graydon Hill: 502 (401 houses, 101 condos)
• Total transactions in 2026 so far: 8
• Neighbourhood growth rate: 0.05% year over year (houses), 0.14% year over year (condos)
• Airbnb potential: $132 per night for houses, $104 per night for condos
• Edmonton Airbnb rank for condos: 59 out of all neighbourhoods - that's a top-tier short-term rental position

Bottom line - Graydon Hill is holding its value and sitting near the top of Edmonton's price rankings. The market isn't on fire, but it isn't soft either. Know your number, price with confidence, and you'll be in a strong spot this summer.

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.