Killarney, Edmonton - August 2026 Real Estate Report

Killarney, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home in Killarney and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment says one thing. The actual market says something very different.

The Vibe: What Is Actually Happening in Our Neighbourhood

Let's break it down by property type, because houses and condos are telling two different stories right now.

Houses in Killarney - Strong Demand, Fast Sales

If you have been watching the "For Sale" signs on our streets, here is what is actually happening. Houses are moving. The average sale price sits at $478,000, up 17.2% from last month. Listings are averaging $492,400. Buyers are paying 97.07% of list price, which means sellers are getting close to what they are asking.

• Average sale price: $478,000
• Average list price: $492,400
• Price per square foot: $275
• Average days on market: 18 days
• Sale-to-list ratio: 97.07%
• Properties sold this period: 2 (down 50% from last month)

Eighteen days on market is fast. For context, homes in nearby Glengarry are sitting for 27 days. We are beating them by more than a week. Our days-on-market rank is 17 out of 108 neighbourhoods tracked in Edmonton - that puts us in the top tier for speed. When a house hits the market here, buyers are paying attention.

The one thing worth watching: only 2 homes sold this period, down 50% from last month. Low volume can swing averages quickly, so treat the price numbers as a strong signal but not a guarantee. The HonestDoor predicted value for houses is $455,721, which is ticking upward from the 3-month moving average of $454,948. The trend is pointing the right direction.

Condos in Killarney - A Dip in Price, But Growth Is Picking Up

The condo picture is a bit more nuanced. The average HonestDoor Price for condos is $308,574, which has dipped 4.81% from the previous period. That sounds like a red flag, but here is the flip side: the predicted market value is $324,178, which is actually climbing above the 3-month moving average of $322,212. Short-term dip, medium-term recovery - that is the honest read.

• Average HonestDoor Price: $308,574
• Predicted market value: $324,178
• 3-month moving average: $322,212
• Recent value change: 3.39%
• Estimated monthly rent: $1,728
• Rental yield: 4.15%
• Airbnb estimate: $82 per night
• Condo growth rank: 52 out of 302 neighbourhoods in Edmonton

That growth rank is the number to focus on. Fifty-second out of 302 puts Killarney condos in the top 18% in the city for value growth. Nearby Glengarry condos are priced at $125,683 and Yellowhead Corridor East at $95,548 - both significantly cheaper, but neither is showing the same growth momentum we are seeing here. If you own a condo in Killarney, the trajectory is working in your favour.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about your city assessment. It is calculated once a year using data that is already months old by the time it lands in your mailbox. The average assessed value for a house in Killarney is $374,329. The average HonestDoor Price is $455,999. That is a gap of 21.82%. In dollar terms, that is roughly $81,670 that your assessment is not capturing.

The HonestDoor Price updates in real time using actual transaction data, current listing activity, and neighbourhood trends. It is not a guess - it is a live read on what buyers are actually paying right now. With 58 property transactions recorded in 2026 across 847 assessed properties in Killarney, there is enough real data to make that number meaningful.

Waiting for next year's assessment to understand what your home is worth is like checking last year's weather forecast to decide what to wear today. Check your HonestDoor Price instead.

The "So What?" - Should You Sell in Killarney This Summer?

If you are thinking about selling a house this summer, the conditions are about as good as they get in our corner of Edmonton. Homes are selling in 18 days. Buyers are paying close to asking price. The predicted value is rising. You are not going to find many neighbourhoods in the city where demand is this consistent.

For condo owners, the story is still positive but calls for a bit more patience. The short-term HonestDoor Price dip of 4.81% is real, but the predicted value is climbing and the growth rank of 52 out of 302 tells you this neighbourhood is not losing ground - it is building it. If you can hold a few more months, the numbers suggest you will be in a stronger position.

Either way, the rental market here is worth knowing about. Houses are generating an estimated $2,208 per month in rent with a yield of 5.78%. That is a strong return. If selling is not the move right now, renting is a legitimate option that actually pencils out in Killarney.

• House rental estimate: $2,208 per month
• House rental yield: 5.78%
• Condo rental estimate: $1,728 per month
• Condo rental yield: 4.15%
• Neighbourhood transaction rank in Edmonton: 30th - meaning we are one of the most active markets in the city

Bottom line: Killarney is not a neighbourhood that is sitting still. If you want to know exactly where you stand before making any move, start with your HonestDoor Price. It is the most current number you have got.

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.