Killarney, Edmonton - October 2026 Real Estate Report
Killarney, Edmonton: Your Home Is Worth More Than The City Thinks
If you own a home in Killarney and the last number you checked was your city assessment, you are leaving real money on the table. Here is what is actually happening on our streets right now.
The Vibe: What the Market Is Doing in Killarney
Let us start with the big picture. The city says the average Killarney home is worth $374,448. The real world disagrees. The average HonestDoor Price for a house here is $444,695 - that is nearly $70,000 more than what the city has on file. For most of us, that gap is not a rounding error. That is a renovation, a down payment on a cabin, or a very comfortable retirement top-up.
The neighbourhood saw 73 property transactions in 2026 across 846 assessed properties. That is a solid level of activity. And on the Edmonton leaderboard, Killarney ranks 34th out of all neighbourhoods for total transactions - meaning we are one of the busier markets in the city. People are still moving here.
Houses: A Breather, Not a Crash
If you have been watching the "For Sale" signs in Killarney lately, here is what is actually happening. The house market is taking a breather. Average sale prices sit at $409,000, down 1.7% from last month. Homes are sitting on the market for 36 days on average, which is a bit longer than nearby Glengarry at 27 days. Only 4 houses sold recently - down 50% from the month before. Buyers are negotiating, paying about 96.5% of list price on average.
- Average sale price (houses): $409,000
- Average list price this month: $455,950
- Price per square foot: $359
- Average days on market: 36
- Sale-to-list ratio: 96.48% - buyers are getting small discounts
- HonestDoor predicted value: $449,671
- 3-month moving average: $453,887 - values are easing slightly
- Rental yield: 5.79% - strong if you are thinking about holding
- Estimated monthly rent: $2,177
The predicted value of $449,671 is nudging below the 3-month average of $453,887. That is a signal, not a siren. Growth ranks 99 out of 285 Edmonton neighbourhoods - solidly above average. We are not leading the pack, but we are not falling behind either.
Condos: A Different Story - And a Good One
Condo owners in Killarney, pay attention. While houses are cooling slightly, our condo HonestDoor Price is actually up 3.96% from the previous period, sitting at an average of $321,696. That is a meaningful move in the right direction. The predicted market value is $309,430, with a 3-month moving average of $314,060 - so there is a slight dip in the short-term trend, but the overall HonestDoor Price momentum is positive.
- Average HonestDoor Price (condos): $321,696 - up 3.96%
- Predicted market value: $309,430
- Estimated monthly rent: $1,656
- Rental yield: 4.18% - moderate but steady
- Airbnb estimate: $85 per night
- Growth rank: 118 out of 297 Edmonton neighbourhoods - above average
Compare that to condo prices in nearby Glengarry ($133,856) or Yellowhead Corridor East ($90,967) and Killarney condos are in a completely different league. Even Delton, our closest comparable, comes in at $300,496. We are the premium option in this pocket of the city.
The Secret Sauce: Why Your HonestDoor Price Matters Right Now
Here is the thing about city assessments - they are snapshots from the past. The city collects data, runs its process, and by the time that number lands in your mailbox, the market has already moved. The average Killarney assessment is $374,448. The average HonestDoor Price is $444,695. That is an 18.76% gap. For a real person trying to make a real decision - whether to sell, refinance, or just know where they stand - the HonestDoor Price is the live number, not the archived one.
Think of it this way: the city assessment is like checking yesterday's weather forecast. The HonestDoor Price is stepping outside and feeling the temperature yourself.
The "So What?" - Thinking About Selling This Summer?
If you are considering listing this summer, here is the honest read. The house market is softer than it was a few months ago. Buyers are taking their time - 36 days on market, small discounts off list price, fewer sales overall. That does not mean it is a bad time to sell. It means you need to price smart from day one.
Listings are averaging $455,950 right now, but homes are selling at $409,000. That gap tells you overpriced homes are sitting. If you come in sharp and close to the HonestDoor predicted value of $449,671, you are in the conversation. Come in too high and you will be watching your neighbours sell while your sign collects dust.
For condo owners, the timing looks a bit more favourable. Values are trending up and Killarney condos are priced well above nearby alternatives, which gives you a real selling story.
- Killarney house growth rank: 99 out of 285 Edmonton neighbourhoods - above average
- Days-on-market rank: 34 out of 116 - moderately fast compared to the city
- Transaction volume rank: 34 out of all Edmonton neighbourhoods - one of the busiest
- Condo growth rank: 118 out of 297 - above average
- Airbnb rank (condos): 111 in Edmonton - decent short-term rental potential
Bottom line - Killarney is not a neighbourhood in trouble. It is a neighbourhood catching its breath after a busy run. If you want to know your actual number before you make any move, check your HonestDoor Price. It is the most current read you are going to get without hiring an appraiser.
killarney | 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.