Lymburn, Edmonton - September 2026 Real Estate Report

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

If you have been glancing at your property tax notice and wondering if the numbers add up, here is the real talk. The city's assessment and what your home would actually sell for in today's market are two very different things - and in Lymburn, that gap is massive.

The Vibe: What Is Actually Happening on Our Streets

Lymburn is a steady, established west Edmonton neighbourhood. We are not the flashiest name on the block, but the numbers tell a solid story. Here is how houses and condos are each playing out right now.

Houses: Affordable Entry, Real Equity

If you have been watching the "For Sale" signs in Lymburn, here is what is actually happening. Houses are moving, just not at a frantic pace. Six sales this month, with homes sitting on the market an average of 74 days. That sounds slow, but here is the thing - we are actually selling faster than Ormsby Place next door, where homes average 83 days. Demand is real, it is just measured.

• Average sale price: $320,883 - up 2.3% from last month
• Average listing price: $467,967
• Price per square foot: $247
• Homes selling at 96.70% of list price - buyers have a little room to negotiate
• Predicted market value: $627,943
• 3-month moving average: $624,612 - values are trending up
• Estimated rent: $2,462 per month
• Rental yield: 5.71% - that is a strong return
• 54 total transactions recorded in 2026
• Neighbourhood growth rank: 125 out of 291 - solidly above average on Edmonton's leaderboard
• Price rank: 263 out of 285 - among the most affordable houses in the city

Callingwood North right beside us is averaging over $1.1 million for houses. Lymburn at $627,943 predicted value looks like a bargain by comparison - and that gap is not going unnoticed by buyers.

Condos: Fast Sales, Steady Ground

The condo side of Lymburn is a different story. Only one sale this month, but that unit moved in 14 days. For context, that ranks 9th out of 112 Edmonton neighbourhoods for speed. When a condo hits the market here, it does not sit around.

• Average sale price: $258,000 - essentially unchanged
• Average listing price: $265,000
• Price per square foot: $232
• Homes selling at 97.36% of list price - very close to asking
• Predicted market value: $212,389
• Estimated rent: $1,161 per month
• Rental yield: 4.32% - moderate but consistent
• 20 total transactions in 2026
• Days-on-market rank: 9 out of 112 - one of the fastest-selling condo markets in Edmonton
• Growth rank: 128 out of 302 - above average on the city leaderboard
• Price rank: 85 out of 216 - above average in price compared to Edmonton condos

Compared to nearby Aldergrove ($182,171) and Callingwood North ($163,499), our condos are priced higher - and they are still selling fast. That tells you buyers see the value here.

The Secret Sauce: Your HonestDoor Price vs. That Tax Assessment

Here is where it gets interesting for Lymburn homeowners. The city assessed the average house here at $378,159. The average HonestDoor Price is $621,300. That is a 64.30% difference. The city's number is a static snapshot, calculated months in the past using a formula that does not account for what buyers are actually paying on your street right now.

The HonestDoor Price is updated in real time, pulling from actual sales data, market trends, and comparable properties. Think of the assessed value as a yearbook photo from last year. The HonestDoor Price is what you look like today.

For condos, the picture flips slightly. The city assessed condos at an average of $209,947, while the HonestDoor Price sits at $205,835 - about 1.96% below the assessed value. That means condo owners could actually be paying property taxes on a slightly inflated number. Worth knowing.

Yes, the HonestDoor Price for houses has dipped 1.06% from the previous period, and condos are down 3.09%. The market is taking a breather. But the gap between assessed value and real-world value for houses is still enormous - and that equity is sitting in your home right now.

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

If you are a Lymburn homeowner eyeing a summer sale, here is the honest breakdown.

For house sellers, the timing is reasonable but not urgent. Prices ticked up 2.3% last month and the predicted value of $627,943 is climbing past the 3-month average of $624,612. Buyers are still paying close to asking - 96.70% of list price. You have leverage, just not unlimited leverage. Price it right and you will move it. Overprice it and you will be staring at a 74-day clock.

For condo sellers, the speed is on your side. A 14-day average days-on-market is genuinely fast. The catch is that values have dipped slightly - down 0.28% recently - so do not wait around hoping for a big jump. A well-priced condo in Lymburn right now finds a buyer quickly.

Either way, the first thing to do is check your HonestDoor Price before you call an agent or set a number. Listing based on your tax assessment alone could mean leaving tens of thousands of dollars on the table - especially if you own a house here.

• Lymburn house owners: your real-world equity is likely far higher than your assessment suggests
• Condo owners: values are stable, sales are fast - a good window if you are ready to move
• Neighbourhood growth ranks above average in Edmonton for both property types
• Nearby Callingwood North shows where Lymburn prices could head as the area matures

Bottom line - Lymburn is not the loudest neighbourhood in Edmonton, but it is doing quiet, consistent work. Check your HonestDoor Price, know what you actually own, and make decisions based on today's market - not last year's paperwork.

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.