Keheewin, Edmonton - October 2026 Real Estate Report
Keheewin, Edmonton: Your Neighbour Just Got a Better Number Than the City Gave Them
If you own a home in Keheewin and the last number you checked was your city assessment, you might be leaving money on the table. Here is what is actually happening on our streets right now.
The Vibe: What the Market Is Doing in Keheewin
Let us break it down by property type, because houses and condos are telling two very different stories right now.
Houses - Taking a Breather, But Still Moving
If you have been watching the "For Sale" signs in Keheewin, here is what is actually happening. Houses are selling, just not at a sprint. We saw 3 house sales recently - up 50% from the month before - with an average sale price of $520,333 and a price per square foot around $361. That is a real number worth knowing.
- Average sale price: $520,333
- Price per square foot: $361
- Average days on market: 44 days
- Sale-to-list price ratio: 97.40% - buyers are negotiating, and winning
- Predicted market value: $477,143
- 3-month moving average: $490,079 - values are dipping slightly
- Rental yield: 5.68% - strong if you are thinking about holding
- Estimated monthly rent: $2,408
- Recent value change: -3.75%
- Growth rank: 242 out of 285 neighbourhoods - bottom tier on the Edmonton leaderboard right now
The honest read here? This is a buyers' market for houses. Homes are sitting for 44 days on average, and buyers are paying about 2.6% below asking. That said, we are actually selling faster than nearby Bearspaw, where homes sit for 56 days. So demand exists - it just is not frantic.
Condos - Fast Off the Shelf, But Prices Are Soft
Condos in Keheewin are a different story. They are moving fast - ranking 12th out of 113 Edmonton neighbourhoods for days on market. That means if a condo hits the listing page, it is not sitting around. Four sold recently, and they averaged just 18 days on market.
- Average sale price: $169,625
- Current average listing price: $139,750
- Price per square foot: $162
- Sale-to-list price ratio: 94.58% - buyers are getting deals
- Predicted market value: $493,339
- 3-month moving average: $497,001 - a slight downward drift
- Rental yield: 4.14% - moderate but steady
- Estimated monthly rent: $1,720
- Recent value change: -0.69%
- Growth rank: 163 out of 297 neighbourhoods - below average on the Edmonton leaderboard
Condos here are priced below the Edmonton average, but they are selling quickly. If you own one and are thinking about listing, the speed of the market is working in your favour even if the price trajectory is not screaming upward.
The Secret Sauce: Your HonestDoor Price vs. That City Assessment
Here is the thing about your city assessment. It is a snapshot from months ago, built on data that was already old when it landed in your mailbox. The market does not wait for the city to catch up.
For houses in Keheewin, the average city assessment sits at $474,808. The average HonestDoor Price is $482,251 - that is 1.57% higher than what the city is telling you your home is worth. It has also moved up 1.21% from the previous period. That gap is real money.
For condos, the gap is even more striking. The average city assessment is $184,826. The average HonestDoor Price is $468,524. That is not a rounding error - that is a 153% difference. The city assessment for condos here is dramatically out of step with real-world market activity.
The HonestDoor Price pulls from actual transaction data, current listing behaviour, and real-time market signals. It is the number a buyer or seller would actually negotiate around today - not six months ago.
The "So What?" - Thinking About Selling This Summer?
Here is the straight talk for anyone in Keheewin weighing a summer sale.
For house owners - the market is not on fire, but it is not frozen either. You are in a buyers' market, which means pricing sharp from day one matters more than ever. With homes sitting 44 days on average and buyers negotiating about 2.6% off asking, an overpriced listing will just collect dust. The HonestDoor Price of $482,251 is your reality check before you pick a number with your agent.
For condo owners - your advantage is speed. Condos are moving fast in Keheewin, ranking near the top of Edmonton for quick sales. The trade-off is that prices are soft and buyers know it - the 94.58% sale-to-list ratio tells you they are coming in with offers below ask. Price it right and you could be done in under three weeks.
For anyone thinking about holding and renting - a 5.68% rental yield on houses is genuinely solid. With an estimated rent of $2,408 per month, the numbers work if you are a patient landlord.
Bottom line: Keheewin is a steady, established neighbourhood with 652 assessed properties and 27 total transactions in 2026 so far. It is not the fastest-growing corner of Edmonton right now - sitting near the bottom of the city leaderboard for growth - but it is a real community with real demand. Know your actual number before you make any move. That is what the HonestDoor Price is for.
keheewin | edmonton | october 2026This 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.