Greenfield, Edmonton - August 2026 Real Estate Report

Greenfield, Edmonton: Your House Is Worth More Than the City Thinks

If you own a home in Greenfield and you have not checked your HonestDoor Price lately, you are probably leaving money on the table. The city's assessment says your home is worth one thing. The real world says something different - and the gap is significant.

The Vibe: What Is Actually Happening in Greenfield Right Now

Let's split this into two honest conversations - one for house owners, one for condo owners - because the stories are very different.

Houses: Fast, Competitive, and Climbing

If you have been watching the "For Sale" signs in Greenfield, here is what is actually happening. Houses are moving fast - we are talking an average of 11 days on market. That is not a slow market taking a breather. That is buyers making decisions quickly.

• Average sale price this month: $696,500 - up 39.5% from last month
• Average list price: $719,000
• Price per square foot: $405
• Homes are selling at 96.87% of list price - buyers are getting a slight discount, but not much of one
• Predicted market value: $540,554 - up from the 3-month average of $530,441
• Rental yield: 5.56% - that is a strong return if you are thinking about holding the property
• Properties sold this month: 1

On the neighbourhood leaderboard, Greenfield houses rank 19 out of 292 Edmonton neighbourhoods for growth rate. That puts us in the top 7% of the city. Days-on-market rank is 10 out of 108 - meaning we are one of the fastest-selling pockets in Edmonton. Price rank sits at 86 out of 285, which is solidly above average. These are not vanity stats. They mean real buyer demand is here, right now.

Condos: Taking a Breather

We will be straight with you on condos. The numbers are softer. The HonestDoor Price for condos in Greenfield sits at $147,038 - and it has dipped 1.46% from the previous period. The predicted value of $149,213 is also trending slightly down from the 3-month average of $150,221.

• HonestDoor Price: $147,038 (down 1.46%)
• Predicted market value: $149,213
• 3-month moving average: $150,221
• Estimated rent: $821 per month
• Rental yield: 4.35% - moderate, not a standout
• Recent value change: -1.29%
• Growth rank: 217 out of 302 Edmonton neighbourhoods

Every nearby condo market - Sweet Grass, Royal Gardens, Aspen Gardens - is priced higher than Greenfield condos right now. If you own a condo here and were thinking about selling, the timing deserves a hard look. This is not a panic situation, but the momentum is not in your favour at the moment.

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

Here is the thing about your city assessment. It is a snapshot taken months ago, based on data that is already old by the time it lands in your mailbox. It does not know what sold on your street last Tuesday. It does not adjust for the fact that buyer demand in Greenfield has been pushing prices up.

The average assessed value for a Greenfield house is $517,741. The average HonestDoor Price is $544,411. That is a gap of roughly $26,670 - and the HonestDoor Price is already 5.15% higher than the Edmonton average assessed value. The HonestDoor Price updates in real time using actual transaction data. It is the number a buyer's agent is looking at. It should be the number you are looking at too.

For houses, that number is moving up - a 0.71% increase from the previous period. For condos, it has slipped 1.46%. Knowing which direction your specific property is heading is the difference between pricing confidently and guessing.

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

For house owners, the case for selling this summer is real. Demand is strong, days on market are low, and your HonestDoor Price is outpacing the city's own assessment by a meaningful margin. With 45 transactions recorded in 2026 across 1,352 assessed properties, this is an active market - not a sleepy one. Greenfield also sits in solid company geographically. Aspen Gardens next door averages an HonestDoor Price of $838,188, which tells you the ceiling in this part of the city is high. Sweet Grass is just slightly ahead of us at $556,557. We are not the cheapest option on the block, and that is a good thing for sellers.

For condo owners, the honest advice is to watch the next 60 to 90 days closely. Values are drifting down slightly, and nearby condos are holding higher prices. If you need to sell, price it sharp. If you can wait, keep an eye on whether that 3-month moving average stabilizes.

Either way - house or condo - the first move is the same. Pull your HonestDoor Price today. Do not let a government assessment from six months ago be the number you base a six-figure decision on.

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.