Greenfield, Edmonton - September 2026 Real Estate Report

Greenfield, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

If you own a home in Greenfield and you're still going off your city assessment, you're leaving money on the table. Here's the real picture right now - and it's more interesting than the paperwork says.

The Vibe: What's Actually Happening in Our Neighbourhood

Let's split this into two stories, because houses and condos are telling very different ones right now.

Houses - A Breather, But Not a Bust

If you've been watching the "For Sale" signs in Greenfield lately, here's what's actually happening. The average sale price for houses sits at $588,500 this month - down 15.5% from last month. That sounds alarming, but context matters. We only had 5 sales this month, so one or two lower-priced deals can swing that number hard. Listings are averaging $719,000, and homes are selling at about 96.87% of asking price. Buyers are getting small discounts, but sellers aren't getting crushed.

The number that should grab your attention is days on market - an average of just 11 days. That earns Greenfield houses a days-on-market rank of 10 out of 112 neighbourhoods in Edmonton. That means we are in the top tier for how fast homes move. Slow market? Not here.

• Average sale price (houses): $588,500
• Average list price: $719,000
• Sale-to-list ratio: 96.87%
• Average days on market: 11
• Price per square foot: $387
• Properties sold this month: 5
• Predicted market value: $544,411
• 3-month moving average: $536,238 (values are trending up)
• Rental yield: 5.55%
• Estimated monthly rent: $2,711
• Growth rank: 98 out of 291 neighbourhoods - above average in Edmonton

That 5.55% rental yield is worth pausing on. For anyone holding a Greenfield house as an investment, that is a strong return by Edmonton standards. The predicted value of $544,411 is also climbing past the 3-month average of $536,238, which means the short-term direction is up, even while this month's sales cooled off.

Condos - A Different Conversation

Condos in Greenfield are taking more of a breather. The HonestDoor Price for condos averages $156,413 - and while that is up 6.38% from the previous period, the predicted value of $147,038 is actually dipping below the 3-month moving average of $149,136. Values have shifted -1.46% recently, and the growth rank sits at 174 out of 302 neighbourhoods - below average for Edmonton.

• Average HonestDoor Price (condos): $156,413 (up 6.38% from previous period)
• Predicted market value: $147,038
• 3-month moving average: $149,136 (values are dipping)
• Estimated monthly rent: $809
• Rental yield: 4.35%
• Recent value change: -1.46%
• Growth rank: 174 out of 302 neighbourhoods - below average

Nearby condo markets like Sweet Grass ($170,534 predicted) and Royal Gardens ($170,052 predicted) are both running higher than us right now. If you own a Greenfield condo, this is not a panic moment - but it is a "pay attention" moment.

The Secret Sauce: Your HonestDoor Price vs. That City Assessment

Here is why this matters for your wallet right now. The city's average assessed value for a Greenfield house is $517,741. The average HonestDoor Price is $534,275. That is a gap of roughly $16,500 - and the HonestDoor Price is the one that reflects what buyers are actually paying today, not what a government formula calculated months ago.

City assessments are a snapshot frozen in time. They do not update when the market moves. The HonestDoor Price pulls from real transaction data and adjusts in real time. With 52 property transactions recorded in Greenfield in 2026 across 1,352 assessed properties, there is enough real activity here to make that number meaningful - not just a guess.

The HonestDoor Price for Greenfield houses is also 3.19% higher than the Edmonton average assessed value. That tells us Greenfield is holding its own against the broader city, and then some.

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

Here is the straight talk for anyone considering listing this summer.

On the house side, the fundamentals are working in your favour. Homes are moving in 11 days on average. The predicted value is trending upward. A 5.55% rental yield means investors are watching this neighbourhood. The sale price dip this month looks more like a small-sample blip than a trend. If your house is priced right, you are not going to sit on the market.

The comparison to nearby neighbourhoods is also useful context. Sweet Grass is slightly pricier at an HonestDoor Price of $539,689. Aspen Gardens is in a completely different league at $811,858 - faster growth, much higher prices. Royal Gardens is cheaper at $489,926 but growing slightly faster at 0.08% versus our 0.05%. Greenfield sits comfortably in the middle - established, stable, and above the Edmonton average.

On the condo side, summer 2025 is a trickier call. Values are softening slightly, and nearby neighbourhoods are outpricing us. If you are a condo owner thinking about selling, watch the next 60 days closely. The 6.38% jump in the HonestDoor Price from the previous period is a positive signal, but the predicted value sliding below the moving average is a reason to move with intention rather than urgency.

• Neighbourhood growth rate: 0.05% year over year
• Total transactions in 2026: 52
• Properties assessed: 1,352
• Transaction volume rank in Edmonton: 48 - a busy, active neighbourhood
• Average assessed value rank: 116 out of Edmonton neighbourhoods
• House average rental estimate: $2,668 per month
• House Airbnb estimate: $133 per night

Bottom line - Greenfield is not a neighbourhood in trouble. It is a neighbourhood taking a breath. For house owners, the data says now is still a reasonable time to move. Check your HonestDoor Price before you do anything else. It is the number that actually reflects today's market - not last year's paperwork.

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.