Kensington, Edmonton - September 2026 Real Estate Report

Kensington Real Estate Right Now: Prices Are Up, But the Market Is Sending Mixed Signals

If you own a home in Kensington and you haven't checked your HonestDoor Price lately, this is your nudge. The city's assessment on your property is already out of date - and the gap between what the government thinks your place is worth and what buyers are actually paying is wider than you'd expect.

The Vibe: What's Happening With Houses vs. Condos

Let's break it down, because houses and condos are telling two very different stories in our neighbourhood right now.

Houses - Moving Fast, Prices Climbing

If you've been watching the "For Sale" signs on the house side of Kensington, here's what's actually happening. The average sale price for houses hit $445,500 this month - that's up 6.5% from last month. That's not a small jump. Homes are sitting on the market for an average of just 11 days, which puts us at a days-on-market rank of 10 out of 112 Edmonton neighbourhoods. That means we're in the top tier for speed. Buyers are not sleeping on Kensington houses.

• Average sale price: $445,500 (up 6.5% from last month)
• Average list price this month: $502,400
• Price per square foot: $390
• Homes selling at 97.73% of list price
• Average days on market: 11
• 4 properties sold (down 20% from last month)
• HonestDoor Price for houses: $379,353
• Predicted market value: $388,186
• Estimated rent: $2,021 per month
• Rental yield: 5.85%

One thing worth noting - only 4 houses sold, which is down 20% from last month. Low volume can make averages swing hard, so take the price number as a directional signal, not gospel. The HonestDoor Price of $379,353 is a steadier read on where house values actually sit right now, and it's already 3.38% above the city's average assessed value. On the neighbourhood leaderboard, Kensington houses rank 71 out of 291 Edmonton neighbourhoods for growth - solidly above average.

Condos - A Different Story

The condo market in Kensington is taking a breather. Only 1 condo sold recently, the average sale price came in at $130,000, and properties are selling at 92.92% of list price. That gap between asking and selling price is a buyer's market signal - plain and simple. Condos are also sitting on the market for 21 days on average, slightly longer than nearby Carlisle at 20 days.

• Average sale price: $130,000
• Average list price this month: $139,900
• Price per square foot: $210
• Condos selling at 92.92% of list price
• Average days on market: 21
• 1 property sold
• HonestDoor Price for condos: $769,832 (down 2.80% from previous period)
• Predicted market value: $791,983
• Estimated rent: $2,896 per month
• Rental yield: 3.76%
• Airbnb rank in Edmonton: 37 out of all neighbourhoods

The HonestDoor Price for condos is $769,832, which is well above the city's average assessed value for condos in the area. The condo growth rate ranks 200 out of 302 Edmonton neighbourhoods - below average. Values have dipped 2.13% recently. If you own a condo here, the rental angle is still worth considering - $2,896 per month in estimated rent is strong, and that Airbnb rank of 37 in all of Edmonton means short-term rental demand for this area is genuinely competitive.

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 months ago, calculated using a formula that doesn't know what happened on your street last Tuesday. It's a blunt instrument. The HonestDoor Price is updated in real time using actual transaction data, market shifts, and comparable sales. It's the number that reflects what a buyer would actually write a cheque for today.

For houses in Kensington, the HonestDoor Price of $379,353 is already 3.38% higher than the average assessed value in Edmonton. That difference isn't just a rounding error - on a property worth nearly $380,000, that gap is real money. And with 1,146 properties assessed in the neighbourhood this year, there's plenty of data feeding into that number.

For condo owners, the spread is even more dramatic. The average city assessed value sits at $236,550, while the HonestDoor Price is $769,832. Before you make any decision - selling, refinancing, even just understanding your net worth - you want the number that reflects today's market, not last year's paperwork.

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

If you own a house in Kensington and you're thinking about listing this summer, the timing is genuinely interesting. Prices are up, homes are moving in under two weeks, and we rank in the top 10 in Edmonton for how fast properties sell. That's a strong position to be in as a seller. The catch is that buyers are still negotiating - homes are selling just under list price - so pricing it right from day one matters more than ever. Overpricing and chasing the market down is a trap.

If you own a condo, be honest with yourself about the current conditions. One sale, a 21-day average, and values trending down slightly - that's not a crisis, but it's not a seller's sprint either. If you need to sell, price it sharp and lean into the rental income story for any investor buyers. A 3.76% yield and a top-40 Airbnb ranking in Edmonton are real selling points.

For both property types, the first move is the same - check your HonestDoor Price before you call an agent, before you set a number in your head, and before you compare yourself to what your neighbour got two years ago. The market has moved. Your HonestDoor Price moves with it.

• Kensington neighbourhood growth: 0.08% year over year
• Total transactions in 2026: 64 houses, 19 condos
• Transaction volume rank in Edmonton: 37 - one of the more active neighbourhoods
• Average rental estimate (houses): $1,981 per month
• Nearby comparison: Calder houses at $351,336 HD Price and growing faster at 0.15%; Carlisle houses at $830,436 and growing slower

Bottom line - Kensington is an active, above-average neighbourhood in Edmonton's market. Houses are the stronger play right now. Condos need a sharper strategy. And in both cases, your HonestDoor Price is the real-world check you need before making any move.

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.