King Edward Park, Edmonton - October 2026 Real Estate Report
King Edward Park, Edmonton: Real Talk for Your Home in 2026
Prices are holding steady, but the market is sending some mixed signals. Here is what is actually happening on our streets right now.
The Vibe: Houses vs. Condos in King Edward Park
If you have been watching the "For Sale" signs around King Edward Park lately, here is the honest breakdown for us locals.
Houses - Taking a Breather
The house market is cooling off. The average sale price sits at $439,286, down 4.6% from last month. Only 7 homes sold this period - down 12.5% - and they are sitting on the market for an average of 39 days before finding a buyer. Sellers are getting 99.25% of their list price, which sounds close, but buyers are negotiating below ask. That is a shift worth noticing.
- Average sale price: $439,286 (down 4.6% from last month)
- Average list price: $475,950
- Price per square foot: $353
- Homes sold: 7 (down 12.5%)
- Average days on market: 39
- Sale-to-list ratio: 99.25% - buyers are paying below list
- HonestDoor Price: $505,630
- Rental yield: 5.63% - that is strong
- Estimated rent: $2,497 per month
- Total transactions in 2026: 82
- Neighbourhood growth: 0.07% year over year
The predicted market value for houses is $506,242, but that number is sliding - it is down from the 3-month moving average of $515,010. Property values have dipped 2.36% recently. On the neighbourhood leaderboard, King Edward Park houses rank 171 out of 285 for growth in Edmonton. That puts us in below-average territory for appreciation right now. Days on market rank is a healthier 36 out of 116, meaning our houses still move faster than most.
Compared to neighbours, we are ahead of Avonmore on price ($439,286 vs. $365,000 average sold price), but Idylwylde and Mill Creek Ravine South are nudging slightly higher on HonestDoor Price. We are competitive, not dominant.
Condos - A Slower Story
The condo side is a different picture. Only 1 condo sold this period - down 50% from last month - and it sat on the market for 107 days. That is longer than nearby Avonmore at 97 days. Buyers are paying 94.29% of list price, which means real negotiating room exists if you are shopping.
- Average sale price: $534,000
- Average list price: $350,000
- Price per square foot: $593
- Condos sold: 1 (down 50%)
- Average days on market: 107
- Sale-to-list ratio: 94.29% - buyers have leverage
- HonestDoor Price: $198,426 (down 2.14%)
- Average assessed value: $223,225
- Rental yield: 4.30% - moderate
- Estimated rent: $1,099 per month
- Total transactions in 2026: 19
- Neighbourhood growth: 0.08% year over year
Here is a number that should get condo owners' attention: the HonestDoor Price of $198,426 is 11.11% lower than the average assessed value of $223,225. That gap matters - more on that below. On the neighbourhood leaderboard, King Edward Park condos rank 141 out of 297 for growth - above average for Edmonton. Price rank is 43 out of 218, meaning our condos are among the pricier options in the city. Days on market rank is 80 out of 113, which puts us on the slower end of the selling spectrum.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Your city assessment is a snapshot from the past. It gets updated once a year and does not care what happened to the market last month. The HonestDoor Price is a real-time read - it updates as actual sales data rolls in.
For house owners in King Edward Park, the HonestDoor Price of $505,630 is actually 0.15% higher than the average assessed value. That is good news - your real-world value is keeping pace. But for condo owners, the story flips hard. The HonestDoor Price of $198,426 is 11.11% below the assessed value of $223,225. If you are a condo owner banking on that assessment number for a sale price or refinance conversation, you could be working with a number that is out of step with where buyers are actually landing today.
Check your HonestDoor Price before you make any move. It is the real-world check that your tax notice simply cannot give you.
The "So What?" - Thinking About Selling This Summer?
If you own a house in King Edward Park and are thinking about listing this summer, here is the straight talk. The market is not crashing, but it is not on fire either. Prices are softer than three months ago, buyers are negotiating, and homes are taking about five and a half weeks to sell. That means your pricing strategy has to be sharp from day one. Overpricing right now will cost you time and money.
The rental yield of 5.63% on houses is genuinely strong. If selling feels uncertain, holding and renting is a real option worth running the numbers on - $2,497 per month in estimated rent is not nothing.
If you own a condo and are thinking about selling, patience is the word. One sale in a month and 107 days on market tells you this is a slow segment right now. Buyers know they have options and they are using them - that 94.29% sale-to-list ratio proves it. If you need to sell, price it to move. If you can wait, watch the next 60 to 90 days before committing.
Either way, the first step is the same: pull your HonestDoor Price at HonestDoor.com and get a current read on where your property actually stands. Do not walk into a summer sale using last January's numbers.
king edward park | 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.