Lynnwood, Edmonton - July 2026 Real Estate Report

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

If you own a home in Lynnwood and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment says your house is worth $464,515 on average. The HonestDoor Price says $490,311. That is a $25,796 gap - and that gap matters when you are pricing a listing or negotiating a sale.

The Vibe: What Is Actually Happening in Lynnwood Right Now

Let us break it down by property type, because houses and condos are telling two very different stories right now.

Houses - Fast Sales, But Watch the Price Trend

Here is the honest picture for Lynnwood houses. Things are moving quickly - properties are sitting on the market for an average of just 6 days. That is a days-on-market rank of 5 out of 103 neighbourhoods in Edmonton. Translation: when a house lists in Lynnwood, it sells fast.

• Average sale price this month: $462,500
• Average list price this month: $492,000
• Price per square foot: $403
• Sold-to-list ratio: 101.63% - buyers are paying above asking
• HonestDoor predicted market value: $492,602
• 3-month moving average: $487,169 - values are trending up
• Properties sold this month: 3
• Estimated monthly rent: $2,495
• Rental yield: 5.65%

The one thing to watch: the average sale price is down 33.9% from last month. That sounds alarming, but with only 3 sales this month, one or two lower-priced transactions can swing the average hard. The HonestDoor predicted value is actually climbing past the 3-month average, which is the more reliable signal here. The market is taking a breather, but it is not falling apart.

On the neighbourhood leaderboard, Lynnwood houses rank 122 out of 302 for growth - solidly above average in Edmonton. Price rank sits at 117 out of 285. We are not the cheapest street on the block, and we are not the flashiest either. We are the steady, reliable middle - which is exactly what a lot of buyers are looking for right now.

Condos - A Tougher Story

We will be straight with you on condos. The numbers are softer. The average HonestDoor Price for a Lynnwood condo is $140,191 - and it has actually ticked up 1.51% from the previous period, which is a small positive sign. But the predicted market value of $138,112 is sitting below the 3-month moving average of $138,691, meaning values are drifting slightly downward in the short term.

• Average HonestDoor Price: $140,191 (up 1.51%)
• Predicted market value: $138,112
• Estimated monthly rent: $760
• Rental yield: 4.35%
• Recent value change: -4.25%
• Growth rank: 252 out of 296 neighbourhoods in Edmonton

That growth rank of 252 out of 296 puts Lynnwood condos near the bottom of the Edmonton leaderboard right now. Nearby, Jasper Park condos are averaging $144,685 - slightly ahead of us. If you own a Lynnwood condo and are thinking about selling, timing and pricing precision matter more than ever. This is not the moment to guess at your number.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

The city's assessed value is a snapshot taken months ago using broad formulas. It does not know what sold on your street last week. It does not account for your renovated kitchen or the new roof you put on in 2024. The HonestDoor Price is updated in real time using actual transaction data - and right now, it is running 5.55% higher than the average city assessment in Edmonton.

For a Lynnwood homeowner, that 5.55% gap is not just a statistic. On a home assessed at $464,515, that difference is roughly $25,796. If you are using your assessment to decide whether to sell, refinance, or even just understand your net worth, you are working with a number that is already out of date. Your HonestDoor Price is the real-world check.

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

Here is what the data is telling us for anyone considering listing in Lynnwood this summer.

• Houses are selling in 6 days on average - demand is real and buyers are active
• Buyers are paying 101.63% of list price - meaning a well-priced house gets a bidding response
• The HonestDoor predicted value of $492,602 is your best starting point for a pricing conversation with your agent - not the city's $464,515
• With 776 properties assessed and only 21 transactions recorded in 2026 so far, inventory is tight - that works in a seller's favour
• Neighbourhood growth of 0.12% year over year is modest but positive - Lynnwood is not losing ground

The short version: if you own a house in Lynnwood, this summer is a reasonable window to sell. Demand is there, days on market are low, and your real value is higher than your tax notice suggests. If you own a condo, go in with clear eyes - price it sharp and do not anchor to last year's numbers.

Check your HonestDoor Price before you do anything else. It takes 30 seconds and it is the most current number you will find.

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.