King Edward Park, Edmonton - September 2026 Real Estate Report

King Edward Park, Edmonton: What Your Home Is Actually Worth Right Now

If you live in King Edward Park and you haven't checked your HonestDoor Price lately, this is your nudge. The city's assessment and what buyers will actually pay are two different conversations - and right now, the gap between them tells an interesting story depending on whether you own a house or a condo.

The Vibe: Houses vs. Condos - Two Very Different Markets

Let's be straight with each other. Houses and condos in our neighbourhood are not moving the same way right now.

Houses: If you've been watching the "For Sale" signs on the residential streets, here's what's actually happening. The average sale price for houses sits at $452,664, which is up 28.6% from last month. That's a big jump. Current listings are averaging $461,300, and homes are selling at 99.32% of list price - meaning buyers are getting in just under asking, but not by much. The catch? Homes are sitting on the market for an average of 40 days, and the predicted market value of $518,568 is actually ticking down slightly from the 3-month moving average of $520,079. So prices popped, but the momentum is softening. We're ranked 178 out of 291 Edmonton neighbourhoods for growth - that's below average on the leaderboard, which is worth knowing.

• Average house sale price: $452,664 (up 28.6% from last month)
• Average list price this month: $461,300
• Price per square foot: $445
• Sale-to-list ratio: 99.32%
• Average days on market: 40
• Properties sold this month: 7
• Predicted market value: $518,568
• Estimated monthly rent: $2,550
• Rental yield: 5.60%
• Growth rank: 178 out of 291 Edmonton neighbourhoods

Condos: This side of the market is taking a breather. Only 2 condos sold this month, the average sale price dropped 2.0% to $220,500, and properties are sitting for 107 days on average - longer than nearby Avonmore at 97 days. Buyers are paying 94.29% of list price, which means real negotiating room exists. That said, condo growth ranks 102 out of 302 Edmonton neighbourhoods - above average on the leaderboard - so the fundamentals aren't broken, the market is just slow right now.

• Average condo sale price: $220,500 (down 2.0% from last month)
• Price per square foot: $214
• Sale-to-list ratio: 94.29%
• Average days on market: 107
• Properties sold this month: 2
• Predicted market value: $203,433
• Estimated monthly rent: $1,102
• Rental yield: 4.30%
• Growth rank: 102 out of 302 Edmonton neighbourhoods

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what sold on your street last Tuesday. The HonestDoor Price is updated in real time using actual transaction data, which makes it a real-world check against a number the city calculated months ago.

For house owners in King Edward Park, the average HonestDoor Price is $506,322 - sitting 0.28% above the average assessed value of $504,930. Those two numbers are close, which actually signals the assessment is reasonably calibrated right now. But the HonestDoor Price has dipped 2.36% from the previous period, so if you're planning a move, you want the current number, not last year's.

For condo owners, the gap is bigger and it matters more. The average assessed value is $223,611, but the average HonestDoor Price is $202,875 - that's 9.27% lower than what the city has on the books. If you're pricing your condo based on your assessment, you may be setting expectations that the market won't meet. That's a tough conversation to have after 107 days on the market.

King Edward Park had 1,441 house properties and 479 condo properties assessed this year, with 73 house transactions and 20 condo transactions recorded in 2026. That's real data, not guesswork.

The "So What?" - Thinking About Selling This Summer?

If you own a house and you're thinking about listing, the timing has some logic to it. Prices jumped hard last month, activity is there, and buyers are paying close to asking. But the predicted value is drifting down from its 3-month average, so waiting to see if prices climb further may not pay off. Listing while the sale-to-list ratio is still near 99% is a stronger position than listing after it slips.

Compare that to neighbours in Avonmore, where houses are selling at $365,000 on average. King Edward Park house sellers are sitting in a better price position. That's a real advantage worth using.

If you own a condo, be honest with yourself about the current conditions. A 107-day average days-on-market and a 94.29% sale-to-list ratio means buyers have leverage. Pricing sharp from day one - using your HonestDoor Price as the anchor, not your assessed value - is the move that avoids a long, frustrating listing period. A condo priced at $223,000 based on the city assessment, when the market says $202,875, is going to sit.

Bottom line for King Edward Park this summer: house sellers have a window, condo sellers need a realistic price. Either way, start with your HonestDoor Price - not the number on your tax notice.

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.