Graydon Hill, Edmonton - September 2026 Real Estate Report

Graydon Hill Real Estate Update: The Market Is Taking a Breather - Here Is What That Means for Your Home

The Vibe Right Now

If you have been watching the "For Sale" signs in Graydon Hill lately, here is what is actually happening. The market has cooled off. Homes are sitting longer, prices are dipping, and buyers have a little more room to negotiate than they did a few months ago. That is not a disaster - it is just the market finding its footing. But it does mean the number on your last tax assessment is probably not the number you should be quoting at a dinner party.

Houses - The Honest Picture

We are seeing some real softness in the detached home market right now. The average sale price for houses in Graydon Hill sits at $611,500 this month - but that is down 16.6% from last month. Only 2 homes sold, and they averaged 50 days on the market before finding a buyer. For comparison, homes in nearby Paisley are moving in 26 days. That gap matters.

• Average sale price: $611,500 (down 16.6% from last month)
• Average list price this month: $631,633
• Price per square foot: $297
• Homes selling at 98.15% of list price - buyers are getting small discounts
• Average days on market: 50
• HonestDoor Price: $524,552 (down 2.82% from the previous period)
• Predicted market value: $539,776
• Rental yield: 5.56% - that is a strong number for landlords
• Estimated monthly rent: $2,657
• Growth rank: 219 out of 291 neighbourhoods in Edmonton
• Price rank: 53 out of 285 - we are still among the more expensive areas in the city

The rental story is actually a bright spot. A 5.56% yield on a house is solid. If you are not ready to sell, renting is a genuinely good option to consider while you wait for the market to settle.

Condos - Steady but Slow

The condo side of Graydon Hill is a different story - quieter, but more stable. One unit sold this month at $372,500, and listings are sitting around $375,000. Properties are selling at 99.33% of list price, which means almost no negotiating room. The catch? Condos are averaging 84 days on the market. That is a long time, and it tells us buyers are being selective.

• Average sale price: $372,500
• Average list price this month: $375,000
• Price per square foot: $65
• Condos selling at 99.33% of list price
• Average days on market: 84
• HonestDoor Price: $404,264 (up 0.22% from the previous period)
• Predicted market value: $403,372
• Estimated monthly rent: $2,102
• Rental yield: 4.02% - moderate but respectable
• Airbnb rank in Edmonton: 66 out of all neighbourhoods - a top-tier short-term rental spot
• Price rank: 28 out of 216 condos in Edmonton - one of the most expensive condo markets in the city
• Growth rank: 188 out of 302

One number worth flagging: the city's assessed value for condos here averages $438,822. The HonestDoor Price is $404,264. That is a gap of nearly $35,000. If you are making any financial decisions based on your assessment notice, you could be working with a number that is out of step with what buyers are actually paying today.

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

Here is the thing about city assessments - they are a snapshot from the past. The city looks at sale data from a prior period, runs its numbers, and mails you a piece of paper. By the time it lands in your mailbox, the market has already moved on.

The HonestDoor Price is updated in real time using current sales, listing activity, and market trends. Right now, for houses in Graydon Hill, the HonestDoor Price of $524,552 is 1.99% below the average assessed value. For condos, the gap is even wider - the HonestDoor Price of $404,264 sits 7.88% below the average assessment of $438,822.

That gap is not just a number. It is the difference between pricing your home right and sitting on the market for 50 to 84 days wondering why nobody is calling. Check your HonestDoor Price before you do anything else.

The Neighbourhood Leaderboard

Where does Graydon Hill stack up against the rest of Edmonton? Here is the honest scorecard:

• House price rank: 53 out of 285 - we are in the top 20% most expensive neighbourhoods in the city
• Condo price rank: 28 out of 216 - top 13% most expensive for condos
• House growth rank: 219 out of 291 - below average, the market here is not climbing fast right now
• Condo growth rank: 188 out of 302 - also below average
• Condo Airbnb rank: 66 in Edmonton - if short-term rental income is your goal, condos here punch well above their weight

Nearby, Hays Ridge Area is posting an HonestDoor Price of $1,056,654 for houses with 0.09% growth, and Paisley is cheaper at $479,991 but growing faster at 0.10%. Graydon Hill sits in a premium price tier - but right now, the growth engine is idling.

So What - Should You Sell This Summer?

If you are thinking about listing this summer, here is the straight talk. The market is not working in sellers' favour right now. Homes are taking longer to sell, prices have dipped, and buyers know they have options. That does not mean you should panic - it means you need to be sharp.

Price it right from day one. A house sitting for 50 days in a slow market starts to feel stale, and buyers will use that against you in negotiations. The sellers who win this summer will be the ones who list close to the real market value - not the assessed value, and not wishful thinking.

Use your HonestDoor Price as your starting point. It reflects what is actually happening in the market today, not what happened 12 months ago. If your HonestDoor Price and your assessment are far apart - and for condos here, they are - that is your signal to dig deeper before you commit to a number.

The rental yield on houses here is 5.56%. If selling feels like bad timing, holding and renting is a real alternative worth running the numbers on. Either way, knowing your actual market value right now is step one.

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.