Grovenor, Edmonton - August 2026 Real Estate Report

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

If you have been glancing at your latest city assessment and wondering if that number is actually what your place is worth - it is not. Not even close. The average assessed value in Grovenor sits at $550,965 for houses, but the average HonestDoor Price is $586,879. That is a gap of over $35,000. For condos, the city says $343,871, but the HonestDoor Price says $375,029. The city's number is a snapshot from the past. Your HonestDoor Price is what is happening right now.

The Vibe: What Is Actually Going On in Our Neighbourhood

Grovenor is a tale of two property types right now, and if you own here, it pays to know the difference.

Houses - Solid, But Taking a Breather

We are sitting in a stable buyers' market for houses. That is not a panic signal - it just means buyers have a bit more room to negotiate than they did a year ago. Here is the snapshot:

• Average sale price: $991,500
• Current average listing price: $871,233
• Price per square foot: $827
• Homes are selling at 97.60% of list price - buyers are getting a small discount
• Average days on market: 43 days
• Predicted market value (HonestDoor): $582,572
• Estimated monthly rent: $2,754 with a rental yield of 5.50%
• 51 property transactions recorded in 2026 across the neighbourhood

That 43-day average is worth paying attention to. Nearby Canora is moving homes in 22 days. When your neighbour's house sells faster, it usually means their price point is drawing more buyers in right now. Grovenor houses are priced at the premium end - ranked 29th out of 285 neighbourhoods in Edmonton for price - so they take a little longer to find the right buyer. That is not a problem. It is just the reality of selling at the top of the market.

On the neighbourhood leaderboard, Grovenor houses rank 217 out of 292 for growth rate. That puts us in the below-average tier for appreciation speed right now. The flip side? We are already expensive, which means there is less room to run - but also less risk of a sharp drop.

Condos - A Small Dip to Watch

The condo side of Grovenor is a smaller market - only 1 sale recorded recently and 2 transactions in 2026 so far - so every data point carries more weight. Here is where we stand:

• Average sale price: $390,000 - up 16.3% from last month (small sample, but notable)
• Current average listing price: $399,900
• Price per square foot: $325
• Properties selling at 97.52% of list price
• Average days on market: 51 days
• Predicted market value (HonestDoor): $386,000
• Estimated monthly rent: $1,984 with a rental yield of 4.03%
• HonestDoor Price has dipped 2.84% from the previous period

The HonestDoor Price for condos is trending slightly down against the 3-month moving average of $390,363. It is a small move, but worth watching. On the leaderboard, Grovenor condos rank 146 out of 302 for growth - that puts us in above-average territory compared to the rest of Edmonton. Price rank is 37th out of 218, meaning we are still among the pricier condo options in the city.

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

Here is the honest truth about city assessments. They are calculated once a year using sales data that can be 12 to 18 months old by the time it lands in your mailbox. A lot can change in that window. The HonestDoor Price pulls from real-time market signals - recent sales, current listing activity, price-per-square-foot trends - and updates continuously.

In Grovenor, the HonestDoor Price runs 6.52% higher than the city's assessed value for houses. For condos, that gap is 9.06%. If you are making any financial decision - refinancing, selling, even just figuring out if your property tax bill makes sense - you want the number that reflects today, not last year. That is exactly what the HonestDoor Price gives you.

With 947 house properties and 101 condo properties assessed in Grovenor this year, there is enough data here to give you a reliable read. Check yours at HonestDoor before you do anything else.

The So What - Thinking About Selling This Summer?

If you own a house in Grovenor and you are thinking about listing this summer, here is the straight talk. You are sitting on one of the more expensive properties in Edmonton - top 30 in the city by price rank. That is a real asset. But the market is moving at its own pace right now, with homes averaging 43 days to sell. Price it right from day one. Buyers in this range are informed and they are not overpaying. The 97.60% sale-to-list ratio tells you that sellers who price sharp are getting very close to their ask - but the ones who stretch the number are the ones sitting on the market.

If you own a condo, the 16.3% jump in average sale price last month sounds exciting - but with only 1 sale in the data, do not bank on that as a trend. The HonestDoor Price of $386,000 is your more reliable anchor. Rental yield at 4.03% is moderate, which means if selling conditions soften, holding and renting is a reasonable backup plan.

For both property types, the neighbourhood is growing at 0.08% year over year - steady, not spectacular. Compare that to nearby Canora at the same 0.08% growth but at a much lower price point ($438,420 for houses), or Crestwood next door at $1,170,913 for houses. Grovenor sits comfortably in the middle of that range - established, well-priced, and with a rental market ($2,770 average rent estimate) that keeps demand healthy.

Bottom line - if you are selling this summer, get your HonestDoor Price first. It is the number that actually reflects what a buyer will pay today, not what the city guessed last January.

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.