Kensington, Edmonton - October 2026 Real Estate Report
Kensington, Edmonton: Your Neighbour's Assessment Is Probably Wrong - Here's the Real Number
If you own a home in Kensington and you're still looking at your city assessment to figure out what your place is worth, you're working with old information. The market has moved. Here's what's actually happening on the ground right now.
The Vibe: Houses vs. Condos in Kensington
The two sides of our market are telling very different stories this month, and it's worth knowing which one applies to you.
Houses - Taking a Breather
Let's be straight: the house market in Kensington is cooling off. The average sale price sits at $346,900, which is down 22.1% from last month. That's a big single-month swing. Only 5 houses sold, and they sat on the market for an average of 54 days before finding a buyer. Sellers are also getting 97.27% of their list price - meaning buyers are successfully negotiating down.
- Average sale price: $346,900 (down 22.1% from last month)
- Average list price: $282,450
- Price per square foot: $340
- Average days on market: 54
- Sale-to-list ratio: 97.27%
- Properties sold this month: 5 (up 25.0% from last month)
- HonestDoor predicted value: $379,642
- 3-month moving average: $383,757
- Recent value change: -2.20%
- Rental yield: 5.86%
- Estimated monthly rent: $1,981
The predicted value of $379,642 is already slipping below the 3-month moving average of $383,757. That gap is small right now, but it's moving in one direction. On the neighbourhood leaderboard, Kensington houses rank 158 out of 285 for growth - squarely below average for Edmonton. Days-on-market rank is 50 out of 116, which means we're not the slowest market in the city, but we're not the hottest either.
Condos - Fast Sales, But Prices Are Sliding
The condo picture is a bit of a mixed bag. On one hand, the 1 condo that sold this month moved in just 21 days - that earns Kensington condos a days-on-market rank of 14 out of 113 in Edmonton. That's genuinely fast. On the other hand, only 1 unit sold, buyers paid just 92.92% of list price, and the predicted value of $769,832 is trending down from a 3-month moving average of $790,349.
- Average sale price: $275,000
- Average list price: $139,900
- Price per square foot: $272
- Average days on market: 21
- Sale-to-list ratio: 92.92%
- Properties sold this month: 1
- HonestDoor predicted value: $769,832
- 3-month moving average: $790,349
- Recent value change: -2.80%
- Rental yield: 3.78%
- Estimated monthly rent: $2,830
- HonestDoor Price (neighbourhood average): $734,424
On the neighbourhood leaderboard, Kensington condos rank 247 out of 297 for growth. That puts us near the bottom of Edmonton's condo market for appreciation right now. The price rank is 111 out of 218 - below average. The one bright spot: if you're a condo investor, that $2,830 monthly rent estimate is real money, even if the yield of 3.78% is moderate.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing about your city assessment: it's a snapshot from the past. The city looks at sale data from a specific window and applies it broadly. It does not know what happened in your neighbourhood last month. It does not adjust for the fact that Kensington house values have shifted -2.20% recently.
Your HonestDoor Price is updated in real time. For houses in Kensington, the average assessed value is $366,958. The average HonestDoor Price is $378,767 - that's 3.22% higher than what the city says your home is worth. For condos, the gap is even more dramatic: the average assessed value is $236,550, while the average HonestDoor Price is $734,424. That is not a rounding error. That is a completely different number.
If you are making any financial decision - refinancing, selling, even just understanding your net worth - using the city's static assessment instead of a live HonestDoor Price means you are working with the wrong data. Check your HonestDoor Price now, not at your next tax notice.
The So What - Thinking About Selling This Summer?
If you are a house owner in Kensington and you are thinking about listing this summer, the honest advice is: do not wait for conditions to improve on their own. Prices are down month-over-month, the predicted value is slipping below its 3-month average, and buyers are negotiating. That does not mean you cannot sell - 5 houses did sell this month, and sales volume is actually up 25% from last month. It means you need to price it right from day one. Overpriced listings in this market are sitting for 54 days or longer.
For condo owners, the story is slightly different. Your unit can sell fast - the days-on-market rank of 14 out of 113 proves that. But buyers are getting 7% below list price on average, and values are trending down -2.80% recently. If your plan is to hold, the $2,830 monthly rental estimate gives you a real option to generate income while you wait for the market to find its footing again.
Either way, the first step is knowing your actual number. Not the city's number from last year. Your HonestDoor Price - the real-world check on what your Kensington property is worth today.
kensington | 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.