Kernohan, Edmonton - October 2026 Real Estate Report
Kernohan, Edmonton: What Your Neighbour's House Is Actually Worth Right Now
If you've been watching the "For Sale" signs in Kernohan and wondering what's really going on, here's the straight story. The market is taking a breather - but that doesn't mean your equity has disappeared. It means you need better numbers than what the city sent you in the mail.
The Vibe: Houses vs. Condos in Kernohan
We're seeing two pretty different stories play out on our streets right now, depending on what you own.
Houses: Only 1 house sold this month - down 50% from last month - and the average sale price came in at $315,000. That's an 18.7% drop from the month before, which sounds alarming, but with one sale, a single outlier can move that number a lot. Homes are sitting on the market for an average of 70 days, and sellers are getting exactly what they're asking (100% of list price). The honest read? It's slow, but sellers who price right are still closing. The predicted market value for houses sits at $384,487, which is noticeably higher than what's actually trading hands right now. That gap is worth paying attention to.
Condos: A bit more action here - 2 condos sold this month, with an average sale price of $287,250. Buyers are negotiating, landing deals at about 97.5% of list price. Condos are taking even longer to move, averaging 102 days on market. The current listings are averaging $299,900, so there's still a gap between what sellers want and what buyers are paying. On the upside, our condos rank 68th out of 218 neighbourhoods for price in Edmonton - that puts Kernohan condos solidly above average in value compared to the rest of the city.
- House average sale price: $315,000 (100% of list price)
- House days on market: 70 days
- House price per sq ft: $216
- Condo average sale price: $287,250 (97.5% of list price)
- Condo days on market: 102 days
- Condo price per sq ft: $206
The Neighbourhood Leaderboard
Here's where Kernohan stands against the rest of Edmonton. For houses, we rank 152 out of 285 neighbourhoods for growth - below average, but solidly in the middle of the pack. For condos, we actually rank 108 out of 297 for growth, which puts us above average. That's a meaningful difference if you're deciding which property type to hold or sell.
Compared to the neighbours right next door, Kernohan holds its own. Belmont and Bannerman are both cheaper across the board. River Valley Hermitage commands higher house prices ($409,500 HonestDoor Price vs. our $381,940), but for condos, we're actually the most expensive of the four - and growing faster than all three nearby neighbourhoods on the condo side.
- House growth rank: 152 out of 285 (below average)
- Condo growth rank: 108 out of 297 (above average)
- House price rank: 239 out of 285 (one of the most affordable in Edmonton)
- Condo price rank: 68 out of 218 (above average in Edmonton)
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or the new park down the street. It's a tax tool, not a selling tool.
The HonestDoor Price updates in real time using actual market data. Right now, for houses in Kernohan, the average assessed value is $370,646 - but the average HonestDoor Price is $381,940. That's a $11,294 difference sitting on the table that the city's number doesn't capture. For condos, the assessed value averages $240,566 while the HonestDoor Price comes in at $242,683 - a smaller gap, but still more current and more accurate.
If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - the HonestDoor Price is the real-world check. The assessment is last year's news.
- House HonestDoor Price: $381,940 (3.05% above Edmonton average assessed value)
- House assessed value: $370,646
- Condo HonestDoor Price: $242,683 (0.88% above Edmonton average assessed value)
- Condo assessed value: $240,566
The "So What?" - Thinking About Selling This Summer?
If you own a house in Kernohan and you're thinking about listing this summer, the market is telling you to be strategic. Prices have dipped recently and only one home traded hands last month. That's not a reason to panic - it's a reason to price sharp from day one. Homes that are priced right are still selling at full list. Homes that aren't are sitting for 70-plus days. In a slow market, the first price is the most important price.
If you own a condo, the story is a bit more encouraging. Kernohan condos rank above average in Edmonton for both price and growth. Rental yield sits at 4.28% - moderate but real. If selling isn't urgent, holding and renting at an estimated $1,317 per month is a legitimate play. If you do sell, expect buyers to negotiate - they're currently landing about 2.5% below list.
Either way, before you call an agent or set a price, pull your HonestDoor Price. It's the most current number you have, and in a market like this one, current beats everything.
- House rental estimate: $1,965 per month
- House rental yield: 5.86% (strong)
- Condo rental estimate: $1,317 per month
- Condo rental yield: 4.28% (moderate)
- Total house transactions in 2026: 38
- Total condo transactions in 2026: 21
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.