Hodgson, Edmonton - August 2026 Real Estate Report

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

If you own a home in Hodgson and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The city's assessment is one number. The real world is another. Right now, those two numbers are not the same - and the gap is in your favour.

The Vibe: What's Actually Happening in Our Neighbourhood

Hodgson is a quiet, established corner of southwest Edmonton. We're not making headlines, but we're holding our value in a market where a lot of neighbourhoods aren't. Here's the honest breakdown by property type.

Houses: Solid Ground, But Take a Breath

Our house market is taking a breather right now. One sale this month, an average sale price of $708,000, and 54 days to find a buyer. Prices are down 27.5% from last month - but before you panic, remember that one sale can swing a monthly average wildly. The bigger picture is more reassuring.

• Average HonestDoor Price: $790,794
• Predicted market value: $791,483 - up from the 3-month average of $783,983
• Price per square foot: $284
• Average days on market: 54 - faster than Ogilvie Ridge at 72 days
• Homes selling at 96.99% of list price
• Rental estimate: $3,534 per month
• Rental yield: 5.10% - that's strong
• Growth rank: 49 out of 292 Edmonton neighbourhoods
• Price rank: 45 out of 285 - we're among the priciest in the city

Buyers are negotiating, but they're not running. Selling faster than Ogilvie Ridge tells us demand is real. The predicted value trending upward is the number to watch - it means the floor is holding.

Condos: A Surprise Bounce, But Patience Required

Our condo segment is a different story. Two sales this month, average sale price of $368,500 - up 25.3% from last month. That's a genuine jump. But condos are sitting on the market for an average of 174 days, which is slow by any measure. If you own a condo in Hodgson, pricing it right from day one is everything.

• Average HonestDoor Price: $296,494 - up 0.89% from last period
• Predicted market value: $293,868 - rising from 3-month average of $292,654
• Price per square foot: $265
• Average days on market: 174
• Condos selling at 96.03% of list price
• Rental estimate: $1,586 per month
• Rental yield: 4.20% - moderate but steady
• Growth rank: 111 out of 302 Edmonton neighbourhoods - above average
• Price rank: 61 out of 218 - above average in Edmonton

Our condo prices sit above Blue Quill Estates and below Ogilvie Ridge and Magrath Heights. We're in the middle of the pack on price, but that 25% monthly jump in sale price is a signal worth watching. The HonestDoor Price is also running 3.99% above the city's assessed value - meaning the city is undervaluing our condos more than our houses.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here's the thing about your city assessment. It's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or your quiet cul-de-sac. It's a tax tool, not a selling tool.

The HonestDoor Price is updated in real time. It pulls from actual transactions, current market movement, and what buyers are genuinely paying right now. For Hodgson houses, that gap between the city's number ($772,053) and the HonestDoor Price ($790,794) is nearly $19,000. For condos, the city says $285,106. HonestDoor says $296,494. That's over $11,000 the city is leaving out of the conversation.

On the neighbourhood leaderboard, Hodgson houses rank 49th out of 292 Edmonton neighbourhoods for growth. That puts us in the top 17% of the city. That's not a number to ignore when you're deciding whether to sell, refinance, or just figure out where you actually stand.

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

If you're a homeowner in Hodgson eyeing a summer sale, here's the straight talk.

For houses, the fundamentals are working for you. Values are trending up, we're selling faster than some of our pricier neighbours, and the HonestDoor Price is sitting above $790,000. The monthly dip in average sale price is noise from a thin sample - one sale. Don't let it spook you. Price it based on the predicted value, not last month's single data point.

For condos, you need to be realistic about time. At 174 average days on market, a summer listing means you might be closing in the fall. That's not a dealbreaker - but it means your pricing strategy has to be sharp from the start. The recent sale price jump to $368,500 is encouraging, but buyers are still negotiating below list. Come in priced right and you'll move it. Come in high and you'll sit.

Either way, the first step is knowing your real number. Check your HonestDoor Price before you call an agent, before you set a list price, and before you assume the city's assessment tells the whole story. In Hodgson right now, it doesn't.

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.