Graydon Hill, Edmonton - October 2026 Real Estate Report
Graydon Hill Real Estate Check-In: Your Neighbour's Assessment Is Lying To You
If you own a home in Graydon Hill and you've been glancing at your city assessment thinking "not bad," here's the real talk: the market has moved, and not in the direction that number suggests. Let's break down what's actually happening on the ground right now.
The Vibe: Houses vs. Condos in Graydon Hill
For those of us in houses, the market is taking a breather. The average sale price sits at $474,400 this month, which is down 22.4% from last month. That sounds alarming, but context matters - only 2 houses sold, so one deal can swing that number hard. What's more telling is that homes are sitting for an average of 50 days before selling. Compare that to Paisley next door, where houses are moving in 26 days, and you can see we're in slower territory right now. Buyers are paying about 98.15% of list price, so they're getting small discounts but not stealing anything.
On the condo side, the story is similar. One condo sold at $290,000, which is down 22.1% from last month and notably below what buyers are paying in Paisley ($348,000). Condos are sitting even longer - 84 days on average. With only 1 transaction to go on, it's a thin data set, but the direction is clear: condo buyers in Graydon Hill have the upper hand right now.
- Houses - Average sale price: $474,400 | Days on market: 50 | Sales volume: 2
- Houses - Price per square foot: $331 | Sale-to-list ratio: 98.15%
- Condos - Average sale price: $290,000 | Days on market: 84 | Sales volume: 1
- Condos - Price per square foot: $244 | Sale-to-list ratio: 99.33%
- Neighbourhood growth rank for houses: 204 out of 285 Edmonton neighbourhoods
- Condo growth rank: 121 out of 297 - above average on the Edmonton leaderboard
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about your city assessment: it's a snapshot from months ago, built on a formula that doesn't know your street, your finishes, or what sold three blocks over last Tuesday. The HonestDoor Price updates in real time, and right now it's telling a very different story than the city's numbers.
For houses, the city's average assessed value is $535,196. The HonestDoor Price is $522,278 - that's 2.41% lower, and it has dropped another 0.43% recently. The predicted market value for houses is $524,552, which is already pulling back from the 3-month moving average of $536,343. Property values have shifted -2.82% recently. If you're making any financial decision based on that city assessment, you're working with a number that's already out of date.
For condos, the gap is even wider. The city assessed condos at an average of $438,822. The HonestDoor Price is $379,947 - that's 13.42% lower, and it has dropped 6.02% from the previous period. The predicted market value sits at $404,264. That is a significant gap between what the city says your condo is worth and what the real world is saying right now.
- Houses - City assessment: $535,196 | HonestDoor Price: $522,278 | Gap: -2.41%
- Houses - HonestDoor Price change: -0.43% | Recent value change: -2.82%
- Condos - City assessment: $438,822 | HonestDoor Price: $379,947 | Gap: -13.42%
- Condos - HonestDoor Price change: -6.02%
The So What: Thinking About Selling This Summer?
If you're a house owner eyeing a summer sale, price it sharp from day one. Homes priced at or near market are still selling at 98% of list, but the ones sitting for 50-plus days are the ones that got greedy early. Buyers know the market is softening. They're patient. Your best move is to get your HonestDoor Price, compare it honestly to what's listed right now, and come out swinging with a number that makes buyers act fast.
The rental angle is worth noting too. If selling feels uncertain, houses here are pulling an estimated $2,595 per month in rent with a 5.59% rental yield. That's a solid return if you want to hold and wait for the market to find its footing again.
For condo owners, the math is tougher. Your HonestDoor Price has dropped 6% recently, condos are sitting on the market for 84 days, and nearby neighbourhoods like Paisley, Heritage Valley, and Hays Ridge are all priced lower in the condo segment. If you need to sell this summer, get ahead of it now - waiting is unlikely to help. The predicted market value of $404,264 is already slipping below the 3-month average of $406,338.
Bottom line for Graydon Hill: houses still rank 81 out of 285 Edmonton neighbourhoods on price - meaning we're in the upper tier for value. That's a real selling point. Use it, price it right, and don't let a stale city assessment give you false confidence heading into summer.
graydon hill | 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.