Lymburn, Edmonton - October 2026 Real Estate Report
Lymburn Real Talk: Your House Is Worth Way More Than the City Thinks
If you have not looked at your property value since your last tax assessment arrived, you are leaving serious money on the table. The city says the average home in Lymburn is worth $378,159. The HonestDoor Price says $617,340. That is a $239,181 gap - and that gap matters every time you make a financial decision tied to your home.
The Vibe: What Is Actually Happening in Our Neighbourhood
Lymburn is a tale of two property types right now, and they are moving in very different directions. Here is the honest breakdown.
Houses - Quietly Picking Up Steam
If you have been watching the "For Sale" signs on the house side of Lymburn, here is what is actually happening. Sales jumped 33% last month - 8 houses sold, up from 6. The average sale price hit $343,288, which is 7% higher than the month before. That kind of month-over-month jump is not nothing.
- Average sale price: $343,288 (up 7.0% from last month)
- Average list price this month: $437,425
- Price per square foot: $316
- Homes selling at 97.73% of list price - buyers are negotiating, but not by much
- Average days on market: 58 days
- HonestDoor predicted value: $621,300
- Estimated monthly rent: $2,428 with a 5.73% rental yield
- Growth rank: 82 out of 285 Edmonton neighbourhoods - solidly above average
The 58-day average on market tells us buyers are being selective, but the 7% price jump tells us demand is real. The HonestDoor predicted value of $621,300 is sitting just slightly above the 3-month moving average of $624,957, which means values are taking a small breather - but nothing alarming. For context, our house prices rank 262 out of 285 neighbourhoods in Edmonton, meaning we are one of the more affordable options in the city. That is actually a selling point for attracting buyers priced out of pricier areas.
Condos - Fast Sales, But Watch the Trend
The condo story in Lymburn is more nuanced. Only 1 condo sold last month, but here is the interesting part - it sold in just 14 days. That is fast. Condos are ranking 9th out of 113 Edmonton neighbourhoods for speed of sale, which means when a condo hits the market here, buyers are paying attention.
- Average sale price: $258,000
- Average list price this month: $265,000
- Price per square foot: $232
- Condos selling at 97.36% of list price
- Average days on market: 14 days
- HonestDoor predicted value: $205,835
- Estimated monthly rent: $1,126 with a 4.32% rental yield
- Growth rank: 251 out of 297 Edmonton neighbourhoods
We will be straight with you on condos. The growth rank of 251 out of 297 puts our condos in the bottom tier for appreciation right now. The predicted value has dipped 3.09% recently and is sitting below the 3-month moving average of $210,401. That said, condo values here are still above nearby Ormsby Place ($199,068) and Aldergrove ($182,171), so we are not the cheapest option in the area. The 4.32% rental yield is moderate - decent for an investor, but not a home run.
The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters
Here is the thing about your city assessment. It is calculated once a year using data that is already months old by the time it lands in your mailbox. It is a snapshot of the past, not a picture of today.
The HonestDoor Price updates in real time using actual sales data, market trends, and neighbourhood comparisons. For Lymburn houses, that difference is staggering. The city's average assessed value is $378,159. The HonestDoor Price is $617,340. That is 63.25% higher. If you are making decisions about refinancing, selling, or even just understanding your net worth, using the city's number is like navigating with a map from three years ago.
For condos, the gap is much smaller - the assessed value is $209,947 and the HonestDoor Price is $210,358 - but the HonestDoor Price is trending upward at 2.20%, which is a more current signal than any static assessment can give you.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Lymburn and you are thinking about listing this summer, the timing conversation is worth having now. Here is why.
Values are slightly off their 3-month peak, but the 7% month-over-month sales price jump shows buyers are active. You are sitting in a neighbourhood that ranks above average in Edmonton for growth - 82nd out of 285. Callingwood North next door has an average HonestDoor Price of $1,105,794, which means buyers who cannot afford that market are looking at us as the logical next step. That is a real pipeline of demand.
With 65 house transactions already recorded in 2026 and Lymburn ranking 39th in Edmonton for total transaction volume, this is not a sleepy market. Buyers are here.
For condo owners, the picture calls for a bit more patience. The growth rank is not working in your favour right now, but the speed of sale - 14 days on average - means a well-priced condo will not sit. If you need to move, price it sharp and it will go. If you can wait, watch the trend over the next quarter.
Bottom line - check your HonestDoor Price before you do anything else. It is the real-world number, not the government's best guess from last year.
lymburn | 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.