Kensington, Edmonton - July 2026 Real Estate Report

Kensington Real Estate Update: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you own a home in Kensington, Edmonton, here is the short version: the city's assessment is already behind. The average assessed value for a house sits at $366,958, but the average HonestDoor Price is $383,153. That is a $16,000 gap - and it is growing. On the condo side, the story is even more dramatic. We will get to that in a second.

Houses - A Sellers' Market, Full Stop

If you have been watching the "For Sale" signs on your block, here is what is actually happening. Houses in Kensington are moving fast - and selling for more than asking.

• Average sale price: $418,480 - up 12.0% from last month
• Average list price: $409,900
• Sale-to-list ratio: 100.60% - buyers are paying over asking
• Average days on market: 6 days
• Price per square foot: $382
• Properties sold in 2026: 54 transactions across 1,146 assessed properties
• Days-on-market rank: 5 out of 103 neighbourhoods - one of the fastest-selling in all of Edmonton

Six days on market. That is not a slow Sunday afternoon browse - that is buyers making decisions fast. When homes are selling above list price in under a week, we are firmly in sellers' territory. The predicted market value for houses sits at $379,741, which is ticking upward from the 3-month moving average of $378,676. Momentum is on our side.

On the rental front, estimated rent comes in at $1,985 per month with a rental yield of 5.86%. For anyone holding a house as an investment, that is a strong return. Airbnb potential adds another layer at roughly $99 per night, though Kensington ranks 318th in Edmonton for Airbnb - so long-term rental is the stronger play here.

Condos - High Value, Slower Pace

The condo picture in Kensington is a different story - not bad, just different. Only 1 condo sold this period, down 50% from last month, and properties are sitting for an average of 42 days. Compare that to nearby Carlisle at 25 days, and you can see the condo market here is taking a breather.

• Average condo sale price: $323,000 - up 3.3% from last month
• Average list price: $309,900
• Sale-to-list ratio: 97.61% - buyers have a little room to negotiate
• Average days on market: 42 days
• Price per square foot: $336
• Condo transactions in 2026: 14 sales across 191 assessed properties
• Growth rank: 17 out of 296 neighbourhoods - top tier in Edmonton

Here is the number that jumps out. The average assessed value for a condo is $236,550. The average HonestDoor Price is $809,232. That is a 242% difference. Whatever the city has on file for your condo, it is not telling the real story. The predicted market value sits at $788,687, up from a 3-month moving average of $767,077 - so the trend is pointing higher. Kensington condos rank 44th out of 220 neighbourhoods for price, putting us among the most expensive condo markets in the city.

Rental income for condos is estimated at $2,950 per month with a yield of 3.75% - moderate, but the Airbnb rank of 36th in Edmonton is genuinely strong. At $147 per night, short-term rental is worth a serious look for condo owners here.

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

Here is the thing about your city assessment: it is a snapshot from months ago, built on a formula that does not know your renovated kitchen or the fact that your street just got three competing offers on the corner house. It is not wrong - it is just slow.

The HonestDoor Price updates in real time using actual transaction data. For houses in Kensington, it is already running $16,195 ahead of the assessed value. For condos, the gap is not even close - we are talking hundreds of thousands of dollars. If you are making any financial decision based on your tax assessment alone - refinancing, selling, even just knowing your net worth - you are working with old information.

The HonestDoor Price for houses has increased 0.98% from the previous period. Condos are up 2.60%. These are not huge jumps, but they are moving in the right direction while the city's numbers sit still.

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

For house sellers, the timing looks good right now. Homes are selling in 6 days, buyers are paying over asking, and prices are up 12% from last month. That kind of momentum does not last forever. If you have been sitting on the fence, this summer is worth a serious conversation with your agent. The neighbourhood leaderboard stat that matters most here: days-on-market rank of 5 out of 103. We are near the top of that list, which means demand is real and active.

For condo sellers, the picture calls for a bit more patience. The market is not broken - prices are still rising and the growth rank of 17 out of 296 is genuinely impressive. But with 42 days on market and buyers negotiating slightly below list, you want to price sharp from day one. Overpricing a condo right now means sitting, and sitting costs you leverage.

For anyone staying put, knowing your real number still matters. Check your HonestDoor Price before your next renewal, before you pull equity, and before you assume the city's assessment reflects what your home would actually sell for today. In Kensington right now, those two numbers are not the same - and the difference is in your favour.

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.