Keheewin, Edmonton - August 2026 Real Estate Report

Keheewin Real Estate Check-In: Solid Ground, But Your Assessment Is Lying to You

If you own a home in Keheewin and you have not looked at your HonestDoor Price lately, now is the time. The city's assessment number and what your property is actually worth in today's market are two very different things - and the gap is bigger than most people realize.

The Vibe: What Is Happening on Our Streets Right Now

Keheewin is holding steady. It is not setting the city on fire, but it is not cooling off either. We are sitting in a stable, buyer-friendly market where deals are getting done and properties are not sitting around collecting dust. Here is how houses and condos are stacking up:

Houses

• Average sale price: $472,433
• Current listings averaging: $483,267
• HonestDoor Price (predicted market value): $497,360
• Price per square foot: $328
• Homes are selling at 97.52% of list price - buyers are getting a small discount, but sellers are not giving the house away
• Average days on market: 23 days
• 3 houses sold recently - volume is steady
• Rental estimate: $2,495 per month with a 5.64% rental yield - that is strong
• Property value change recently: up 1.93%
• Growth rank: 68 out of 292 Edmonton neighbourhoods - that puts us in the top quarter of the city

The house market here is doing what a healthy neighbourhood does. Values are ticking up, homes are moving in under a month, and the rental yield is genuinely strong at 5.64%. If you are an investor or thinking about holding a property, that number matters.

Condos

• Average sale price: $169,625
• Current listings averaging: $139,750
• HonestDoor Price (predicted market value): $500,901
• Price per square foot: $162
• Condos are selling at 94.58% of list price - a bit more negotiating room for buyers
• Average days on market: 18 days - condos are moving fast
• 4 condos sold recently
• Rental estimate: $1,733 per month with a 4.13% rental yield
• Days-on-market rank: 12 out of 111 Edmonton neighbourhoods - that is very fast

Condos in Keheewin are selling quickly - ranking 12th in the city for speed. That is not a fluke. When something is priced right, buyers show up. The condo market is taking a slight breather on value growth, but the transaction pace tells a different story. These units are not sitting.

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

Here is the thing about your city assessment. It is a snapshot from the past. It does not update in real time, and it does not care what the market did last month. For houses in Keheewin, the average city assessment sits at $474,808. The average HonestDoor Price is $495,065. That is a gap of over $20,000 - and the HonestDoor number is the one that reflects what a buyer would actually pay you today.

For condos, the gap is even more dramatic. The average assessed value is $184,826. The HonestDoor Price is $496,763. That is a 168.77% difference. If you are a condo owner making any financial decision - refinancing, selling, even just understanding your net worth - using the assessment number alone is leaving you with a wildly inaccurate picture.

The HonestDoor Price is updated regularly using real market data. Think of it as the real-world check that the city's static assessment simply cannot provide.

The Neighbourhood Leaderboard

Where does Keheewin actually rank in Edmonton? Here is the honest scorecard:

• House growth rank: 68 out of 292 - above average, top quarter of the city
• House days-on-market rank: 22 out of 108 - properties are selling relatively quickly
• Condo days-on-market rank: 12 out of 111 - near the top of the city for speed
• 652 residential properties assessed this year
• 23 house transactions and 30 condo transactions in 2026 so far

For context, nearby Bearspaw is averaging $732,917 for houses and Ermineskin is at $747,309. Keheewin is priced below those neighbours, which means we offer real entry-point value in the south Edmonton market without sacrificing location.

The So What - Should You Sell This Summer?

If you are a house owner thinking about listing this summer, the timing is reasonable. Homes are selling in about 23 days, buyers are paying close to full price at 97.52%, and your HonestDoor Price of $497,360 is running above the city assessment. You have leverage - just do not overprice it and expect a bidding war. This is a stable market, not a frenzy.

If you own a condo, the speed of the market is your friend. Condos are moving in 18 days on average and Keheewin ranks 12th in the city for how fast they sell. The key is pricing it right from day one. Listings are currently averaging $139,750 but sales are closing at $169,625 - meaning well-priced units are getting attention.

Either way, the first step is checking your HonestDoor Price before you call an agent or set a number. It is free, it is current, and it is a much more honest starting point than whatever the city mailed you 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.