Killarney, Edmonton - September 2026 Real Estate Report

Killarney Real Estate Check-In: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you own a home in Killarney and you haven't looked at your HonestDoor Price lately, here's the short version: the city's assessment is leaving real money on the table. The average assessed value sits at $374,329, but the average HonestDoor Price is $449,538. That's a $75,000 gap. That's a renovation budget. That's a down payment on a second property. That's not a rounding error.

The neighbourhood itself is steady. With 847 properties assessed and 67 transactions recorded in 2026, Killarney is an active, established pocket of Edmonton - not a ghost town, not a feeding frenzy. Think of it as a market that knows what it's worth.

Houses: Taking a Breather

Let's be straight with each other. The house market in Killarney is cooling off right now. The average sale price this month is $415,875, which is down 13.0% from last month. Listings are sitting at $434,925 on average, and homes are spending about 92 days on the market before selling. Buyers are paying 96.16% of list price, meaning sellers are giving a little ground to close the deal.

• Average sale price: $415,875 (down 13.0% from last month)
• Average list price: $434,925
• Price per square foot: $362
• Average days on market: 92 days
• Sale-to-list ratio: 96.16%
• Properties sold this month: 8

The predicted market value for houses is $455,999, which is nudging up slightly against the 3-month moving average of $454,889. So the longer-term trend isn't falling off a cliff - this month just has some softness in it. On the leaderboard, Killarney houses rank 150 out of 291 Edmonton neighbourhoods for growth - right in the middle of the pack. Days-on-market ranks 83 out of 112, which tells us homes here are sitting longer than most. Worth knowing before you price your listing.

The rental picture for houses is genuinely strong. Estimated rent comes in at $2,208 per month with a rental yield of 5.78%. If you're thinking about holding rather than selling, that number makes a solid case for patience.

Condos: A Different Story

Condo owners in Killarney, we need to have a real conversation. The HonestDoor Price for condos is $309,430, which is up a modest 0.28% from the previous period - a small positive sign. But the predicted market value of $308,574 is actually trending down against the 3-month moving average of $315,432, and recent value change sits at -4.81%. That's a number to watch, not ignore.

• Average HonestDoor Price: $309,430 (up 0.28%)
• Predicted market value: $308,574
• 3-month moving average: $315,432
• Recent value change: -4.81%
• Estimated monthly rent: $1,656
• Rental yield: 4.18%
• Airbnb estimate: $82 per night

On the neighbourhood leaderboard, Killarney condos rank 254 out of 302 Edmonton neighbourhoods for growth. That puts us near the bottom of the pack. The one bright spot - Killarney condos still edge out nearby Delton, where the predicted value sits at $303,923. Small comfort, but it's something.

The rental yield of 4.18% is moderate. Not a home run, but not a reason to panic either. If you're a condo owner here, the key question is whether you're holding for the long game or looking to move soon.

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

Here's the thing about Edmonton's official assessed values - they're a snapshot from months ago, built on a formula that doesn't know your renovated kitchen or your updated windows. The city's average assessment for Killarney houses is $374,329. The HonestDoor Price is $449,538. That's a 20.09% difference.

The HonestDoor Price pulls from real-time sales data, current market activity, and what buyers are actually paying right now in your neighbourhood. It's not a government formula running on last year's numbers. If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the number that reflects the real world.

Think of the assessed value as the city's best guess from a distance. The HonestDoor Price is what your neighbour's house actually sold for last month.

So What Does This Mean If You're Thinking About Selling This Summer?

For house sellers, the honest answer is: timing matters right now. The market is softer than it was a month ago. Homes are sitting for 92 days on average, and buyers have a little leverage. That doesn't mean you shouldn't sell - it means you need to price sharp from day one. A home sitting on the market for three months in summer is a red flag to buyers, and it's hard to recover from a stale listing.

The predicted value of $455,999 gives you a realistic ceiling to aim for. Price near that number with a clean presentation and you're in the conversation. Price above it hoping for a bidding war and you'll be doing a price reduction by August.

For condo sellers, move with more urgency. Values are drifting down, the growth rank is near the bottom of Edmonton's leaderboard, and the 3-month trend is pointing the wrong direction. If selling is on your radar for this year, sooner is better than later.

One more thing worth knowing - Killarney's total transaction rank in Edmonton is 34 out of all neighbourhoods. That means real buyers are active here. The demand exists. The question is just whether your price meets the market where it actually is, not where it was six months ago.

Check your HonestDoor Price at honestdoor.com. It takes two minutes and it's the most useful number you'll look at today.

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.