Lymburn, Edmonton - August 2026 Real Estate Report

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

If you have not looked at your property value lately, here is the short version - the city says your home is worth one thing, and the real world says something very different. For houses in Lymburn, that gap is not small. It is massive.

The Vibe: What Is Actually Happening in Lymburn Right Now

Houses - Strong Value, Cooling Sales Pace

If you have been watching the "For Sale" signs in Lymburn, here is what is actually happening. We are sitting in a market that is taking a breather. The average sale price for houses came in at $313,700 this month, down 1.4% from last month, and homes are selling at about 98.34% of list price. That means buyers are getting a small discount, but sellers are not giving the place away.

• Average sale price: $313,700 (down 1.4% from last month)
• Average list price: $319,500
• Price per square foot: $334
• Average days on market: 27 days
• Properties sold this month: 2
• Sale-to-list ratio: 98.34%

One thing worth noting - our houses are selling faster than nearby Ormsby Place, where homes sit for 36 days on average. At 27 days, Lymburn is moving. That is a real signal of underlying demand even when prices dip slightly.

On the growth leaderboard, Lymburn houses rank 145 out of 292 comparable Edmonton neighbourhoods. That puts us in above-average territory. Not leading the pack, but solidly in the upper half. For price, we rank 262 out of 285 - meaning we are among the most affordable house markets in the city. For buyers, that is opportunity. For sellers, it means pricing strategy matters.

Condos - Fast-Moving and Holding Steady

The condo story in Lymburn is a bit different. We had one sale this month at $258,000, which is essentially flat. Buyers paid 97.36% of list price, so there is a small negotiating window. The bigger headline here is speed - condos are moving in just 14 days on average.

• Average sale price: $258,000 (stable)
• Average list price: $265,000
• Price per square foot: $232
• Average days on market: 14 days
• Properties sold this month: 1
• Sale-to-list ratio: 97.36%

Our condos rank 8 out of 111 Edmonton neighbourhoods for days-on-market speed. That is top 10. When a condo hits the market in Lymburn, it does not sit around. Compare that to nearby Aldergrove where condos sell in 9 days - we are right in that same fast lane. On price, Lymburn condos rank 91 out of 218, putting us above average for the city. We are also outpricing nearby Aldergrove ($240,000 average sale) and Ormsby Place on the condo side.

The one flag to watch - the predicted condo value of $212,981 is trending slightly below the 3-month moving average of $213,582, and the recent value change sits at -1.18%. The condo market here is not in freefall, but it is worth keeping an eye on.

The Secret Sauce: Your HonestDoor Price vs. What the City Assessed

Here is the number that should make every Lymburn homeowner stop scrolling. The city assessed the average house in this neighbourhood at $378,159. The HonestDoor Price for that same house is $627,943. That is a gap of over $249,000 - or 66% higher than what the city has on file.

Why does this matter? Because the city's assessed value is a snapshot from the past. It does not update in real time. It does not account for what buyers are actually willing to pay right now. The HonestDoor Price pulls from current market activity and gives you a live read on what your property is worth today - not what a government formula calculated months ago.

For condos, the gap is smaller but still real. The city assessed the average Lymburn condo at $209,947. The HonestDoor Price is $212,389. That is a tighter spread, but the HonestDoor number is still the one that reflects current market conditions, not last year's data.

• House assessed value (city): $378,159
• House HonestDoor Price: $627,943 - up 0.37% from last period
• Gap: 66.05% higher than the city's number
• Condo assessed value (city): $209,947
• Condo HonestDoor Price: $212,389
• 1,744 house properties assessed in Lymburn this year
• 311 condo properties assessed in Lymburn this year

If you are making any financial decision based on your home - refinancing, selling, even just understanding your net worth - use the HonestDoor Price as your real-world check. The assessed value is a starting point for your tax bill. It is not what your home is worth.

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

If you own a house in Lymburn and you have been sitting on the fence about selling, here is the honest take. The market is cooling slightly - prices dipped 1.4% last month and buyers are negotiating small discounts. But your HonestDoor Price is still sitting near $628,000, up from the previous period, and homes are selling in 27 days. That is not a broken market. That is a market asking you to price smart.

Compared to neighbours, Ormsby Place is slightly pricier at $629,554 and selling slower. Aldergrove is cheaper at $606,219 but growing a touch faster at 0.08% versus our 0.06%. Callingwood North is in a different league at $1,094,326 - that is a different buyer pool entirely. Lymburn sits in a competitive sweet spot for buyers who want a real neighbourhood at a real price.

For condo owners, the picture is more nuanced. Values have dipped 1.18% recently and the growth rank of 213 out of 302 puts us in below-average territory for appreciation. But condos are still selling fast - top 10 in the city for speed - and our prices beat nearby competition. If you are thinking about selling a condo this summer, the window is open but do not wait for prices to climb back up on their own.

Bottom line - Lymburn is affordable, active, and undervalued on paper. The gap between what the city thinks your home is worth and what a buyer will actually pay is the biggest story on our block right now. Check your HonestDoor Price, know your number, and make your move with real information.

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.