Greenfield, Edmonton - July 2026 Real Estate Report

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

If you own a home in Greenfield and you have not looked at your HonestDoor Price lately, here is the short version - the city says your house is worth one thing, and the real market says something higher. That gap matters, especially if you are thinking about selling this summer.

The Vibe: What Is Actually Happening in Greenfield Right Now

Let us break it down by property type, because houses and condos are telling two very different stories right now.

Houses - A Market Taking a Breather

The average sale price for a house in Greenfield this month came in at $483,625 - down 12.9% from last month. That sounds alarming, but context matters. Only 4 houses sold this month, so one or two lower-priced sales can swing that average hard. The average listing price is sitting at $529,350, and homes are selling at 99.97% of list price. Buyers are not getting big discounts. They are paying almost exactly what sellers are asking.

• Average sale price: $483,625 (down 12.9% from last month)
• Average list price: $529,350
• Sale-to-list ratio: 99.97%
• Average days on market: 61 days
• Price per square foot: $368
• Properties sold this month: 4

Homes here are actually moving faster than in nearby Sweet Grass, where properties sit for 62 days on average. That is a small edge, but it tells us demand in Greenfield is holding up. The predicted market value for a Greenfield house sits at $523,748, which is just slightly off the 3-month moving average of $524,768. The market is not crashing - it is just catching its breath.

On the rental side, if you are holding a house here as an investment, a 5.59% rental yield is genuinely strong. Estimated rent comes in at $2,626 per month. That is real money working for you while you wait out any short-term price softness.

One honest note: Greenfield houses rank 204 out of 302 Edmonton neighbourhoods for growth rate right now. That puts us in the below-average tier on the leaderboard. We are not leading the pack, but we are not at the bottom either. Price rank is 121 out of 285 - solidly above average. We are a mid-to-upper price neighbourhood that is growing slowly. That is the honest picture.

Condos - A Quieter Story With a Bright Spot

Greenfield condos are a different animal. The average HonestDoor Price for a condo here is $149,213, which is down 1.29% from the previous period. Every nearby neighbourhood - Sweet Grass, Royal Gardens, and Aspen Gardens - is priced higher for condos. That makes Greenfield one of the more affordable condo options in this pocket of the city.

• Average HonestDoor Price (condo): $149,213 (down 1.29%)
• Predicted market value: $151,157
• 3-month moving average: $147,721
• Estimated rent: $831 per month
• Rental yield: 4.35%
• Recent value change: up 0.58%

Here is the bright spot: the predicted condo value of $151,157 is trending up compared to the 3-month moving average of $147,721. That is quiet momentum. And on the neighbourhood growth leaderboard, Greenfield condos rank 83 out of 296 Edmonton neighbourhoods. That puts us in the above-average tier - a genuinely good position. Condo owners here are in a better spot than most people realize.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is something worth knowing. The city assessed the average Greenfield house at $517,741. The average HonestDoor Price is $540,554. That is a $22,813 gap - and the HonestDoor Price is the one that reflects what buyers are actually paying in today's market, not what a government formula calculated months ago from older data.

The HonestDoor Price has increased 3.21% from the previous period and sits 4.41% above the average city assessment for Edmonton. Your city assessment is a snapshot frozen in time. The HonestDoor Price updates in real time using actual transaction data. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to start with.

There were 45 property transactions in Greenfield in 2026 across 1,352 assessed properties. That is real market activity, and it is what drives the HonestDoor Price calculation. Do not wait for next year's assessment letter to find out what your home is worth today.

The "So What?" - Should You Sell in Greenfield This Summer?

If you are a house owner thinking about listing this summer, here is the straight talk. Prices are softer than they were a month ago, but sellers are still getting nearly full asking price. The market is not broken - it is just slower. Sixty-one days on market means you need patience, not panic. Price your home right from day one and you will not be chasing the market down.

Your biggest advantage right now is that your HonestDoor Price - $540,554 on average - is meaningfully above the city assessment. Buyers doing their homework will see that. Use it as your anchor when you are setting expectations with your agent.

If you are a condo owner, the picture is actually more encouraging. Values are ticking up, the growth rank puts Greenfield condos in the top third of Edmonton neighbourhoods, and at $149,213, you are priced below every comparable nearby neighbourhood. That is a competitive position for a buyer looking for value in this area.

And if you are not selling but just keeping score - Greenfield is a stable, mid-to-upper price neighbourhood with a rental yield that rewards patient investors. The neighbourhood is growing slowly at 0.05% year over year, but it is not going backwards. Sometimes slow and steady is exactly what you want.

• Greenfield average HonestDoor Price (house): $540,554 - up 3.21%
• Greenfield average HonestDoor Price (condo): $149,213 - down 1.29%
• House rental yield: 5.59%
• Condo rental yield: 4.35%
• House growth rank: 204 out of 302 Edmonton neighbourhoods
• Condo growth rank: 83 out of 296 Edmonton neighbourhoods
• Nearest higher-priced neighbour: Aspen Gardens (house HD Price $842,225)

Bottom line - Greenfield is not the flashiest neighbourhood on the Edmonton leaderboard right now, but it is far from the worst place to own property. Check your HonestDoor Price, know what you actually have, and make decisions based on real numbers - not last year's tax notice.

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.