Jasper Park, Edmonton - August 2026 Real Estate Report

Jasper Park Real Estate: Your House Is Worth More Than the City Thinks

If you own a home in Jasper Park and you've been going off your city assessment, you're leaving money on the table. The average assessed value here sits at $424,644 - but the average HonestDoor Price is $453,938. That's nearly $30,000 more. For condos, the story flips in a way owners need to know about. Let's break it all down.

The Vibe: Houses vs. Condos in Jasper Park

For houses, we're in a solid spot. Homes are selling in an average of 11 days - that's a days-on-market rank of 10 out of 108 neighbourhoods in Edmonton. That puts us near the very top of the city for speed. When we look at recent sales, houses are closing at 100.85% of list price. Buyers are paying over asking. That's not a fluke - that's a sellers' market doing its thing.

• Average house sale price: $402,975
• Average listing price this month: $404,950
• Price per square foot: $449
• Average days on market: 11
• Sale-to-list ratio: 100.85% - buyers are paying above asking
• 4 properties sold in the most recent period
• Estimated rental income: $2,278 per month
• Rental yield: 5.73% - that's a strong return

For condos, we need to be straight with each other. This segment is taking a breather - and then some. One condo sold recently, sitting on the market for an average of 204 days. Compare that to nearby Sherwood at 104 days and you get the picture. Buyers paid only 92.50% of list price, which means sellers are negotiating down. The condo market here is a buyers' game right now.

• Average condo sale price: $74,000
• Average condo listing price: $80,000
• Price per square foot: $109
• Average days on market: 204 - very slow by Edmonton standards
• Sale-to-list ratio: 92.50% - buyers have the leverage
• 1 property sold in the most recent period
• Estimated rental income: $790 per month
• Rental yield: 4.32% - moderate, not a standout

The Neighbourhood Leaderboard: Where Does Jasper Park Rank?

Here's how we stack up against the rest of Edmonton right now. Houses rank 10 out of 108 for days on market - that's elite speed. On price growth, houses rank 194 out of 292, which puts us in the below-average tier for appreciation. Condos rank 141 out of 302 for growth - actually above average - but the days-on-market rank of 102 out of 111 tells you they're among the slowest-selling units in the city.

Our closest neighbours give us useful context. Sherwood houses are averaging an HonestDoor Price of $503,686 with 0.17% growth. Lynnwood is at $489,545 with 0.12% growth. Both are pricier and growing faster than Jasper Park right now. Meadowlark Park is cheaper at $442,389 but still outpacing us at 0.09% growth. On the neighbourhood leaderboard, Jasper Park houses sit at 194 out of 292 for growth - middle of the pack, trending toward the lower half.

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

The city's assessed value for houses in Jasper Park is $424,644. The HonestDoor Price is $453,938. That's a 6.90% gap - and it's not a rounding error. City assessments are snapshots frozen in time. They don't react to what buyers actually paid last month or what listings are doing right now. The HonestDoor Price pulls from real transaction data and updates continuously, so it reflects the market you're actually selling into - not the one from a year ago.

For condo owners, this cuts the other way and it's worth knowing. The average assessed value for condos here is $169,712. The HonestDoor Price is $139,670 - that's 17.70% lower than the city's number. If you're a condo owner banking on your assessment as a guide to what you'd get in a sale, the real-world data says the market disagrees significantly. The HonestDoor Price is the reality check.

The 'So What?': Thinking About Selling This Summer?

If you own a house in Jasper Park, this summer is a reasonable window to move. Homes are selling fast - 11 days on average - and buyers are paying over list price. The HonestDoor Price at $453,938 gives you a credible, data-backed starting point for a conversation with your agent. You're not guessing. You're going in informed.

Neighbourhood growth at 0.06% year over year is modest. Jasper Park isn't the hottest appreciating market in Edmonton right now - Sherwood and Lynnwood are both pulling ahead. If you've been waiting for values to climb significantly before selling, the data suggests the bigger gains may be happening elsewhere. Selling now, while buyer demand is clearly active and days on market are low, is a stronger play than waiting on growth that's been slow to materialize.

If you own a condo here, patience is the word. With 204 average days on market and buyers negotiating to 92.50% of list, rushing a listing this summer means competing in a slow lane. Price it sharp from day one - the gap between your $80,000 average list and the $74,000 average sale price shows that overpricing is costing sellers real money. Check your HonestDoor Price, price it honestly, and be ready to negotiate.

• House sellers: market conditions favour you - move with confidence
• Condo sellers: price tight from the start, expect a longer timeline
• Both: use your HonestDoor Price as your real-world anchor, not your tax assessment
• Investors: a 5.73% rental yield on houses is genuinely strong for Edmonton
• 29 house transactions and 27 condo transactions recorded in Jasper Park in 2026 so far

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.