Macewan, Edmonton - July 2026 Real Estate Report

Macewan, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs on your street, here's what's actually happening in Macewan. The neighbourhood is steady - not flashy, not falling. It's the kind of market where knowing your real numbers matters more than ever. And right now, those numbers tell two pretty different stories depending on whether you own a house or a condo.

Houses: Prices Are Moving

We're seeing real momentum on the house side. The average sale price hit $466,750 this month - that's up 9.1% from last month. Listings are sitting at $470,598 on average, and homes are moving in about 23 days. That's not lightning fast, but it's not collecting dust either. Edmonton-wide, our days-on-market ranks 22nd out of 103 neighbourhoods. We're in the faster half of the city.

• Average sale price: $466,750 (up 9.1% from last month)
• Average list price: $470,598
• Price per square foot: $367
• Sale-to-list ratio: 97.60% - buyers are paying just under asking
• Average days on market: 23
• Properties sold this month: 10
• Predicted market value: $489,328
• Estimated monthly rent: $2,470
• Rental yield: 5.66%

That 5.66% rental yield is worth pausing on. For anyone holding a house in Macewan as an investment, that's a strong return. The predicted market value of $489,328 is also nudging upward against its 3-month average of $489,235 - a small but positive signal.

Condos: A Bit More Cautious

The condo side is a different story. Sales are up in price - $226,875 on average, a 13.4% jump from last month - but volume dropped 20%. Only 4 units sold, and they sat on the market for 33 days on average. The HonestDoor Price for condos is actually sitting below the city's assessed value right now, which is a signal worth paying attention to.

• Average sale price: $226,875 (up 13.4% from last month)
• Average list price: $208,267
• Price per square foot: $226
• Sale-to-list ratio: 97.22%
• Average days on market: 33
• Properties sold this month: 4 (down 20% from last month)
• Predicted market value: $200,952
• Estimated monthly rent: $1,097
• Rental yield: 4.32%

Condo growth ranks 130th out of 296 Edmonton neighbourhoods - that puts us in the above-average bucket, which is a decent spot to be. But the price rank sits at 145th out of 220. We're not the cheapest option in the city, but we're not commanding a premium either. Nearby, Rutherford condos are selling at $236,929 on average - slightly ahead of us.

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

Here's the thing about your city assessment - it's a snapshot from months ago, calculated using broad formulas across thousands of properties. It doesn't know your renovated kitchen. It doesn't know what sold two streets over last Tuesday.

For Macewan houses, the average HonestDoor Price is $495,041. The city's average assessed value is $472,872. That's a $22,169 gap - and the HonestDoor Price is 4.69% higher. If you're making any financial decision based on the city's number alone, you're potentially leaving money on the table.

For condos, the flip side is true. The HonestDoor Price of $197,220 is actually 1.50% below the city's assessed value of $200,228. That matters if you're a buyer doing your homework, or a seller setting expectations.

The HonestDoor Price updates in real time using actual transaction data. It's the real-world check against a static government number that gets refreshed once a year.

The Neighbourhood Leaderboard

Where does Macewan actually stand in Edmonton's rankings? Here's the honest scorecard:

• House growth rank: 173rd out of 302 neighbourhoods - below average, but the market is still moving
• House price rank: 166th out of 285 - mid-pack pricing, which means room to grow
• Condo growth rank: 130th out of 296 - above average
• Condo price rank: 145th out of 220 - below average pricing
• Total transaction rank: 42nd in Edmonton for houses - solid activity

For context, neighbours like Richford are sitting at an average HonestDoor Price of $859,360 for houses and growing faster. Rutherford houses are at $525,699 with slightly faster growth too. Macewan is the more accessible entry point in this pocket of south Edmonton - and that's not a bad thing if you're buying or holding.

So What? - If You're Thinking About Selling This Summer

Straight talk: this summer is not a bad time to list a house in Macewan. Prices are up month-over-month, homes are selling in under 25 days on average, and your HonestDoor Price is running nearly $23,000 ahead of what the city thinks your home is worth. That gap is your leverage.

Buyers are paying 97.60% of list price on houses right now. That means if you price it right, you're not giving much away. The market isn't red-hot, but it's not taking a breather either - it's working.

For condo owners, the picture is a bit more patient. Fewer sales, longer days on market, and a HonestDoor Price that's dipped 1.86% from the previous period. If you're not in a rush, holding a little longer while watching the trend makes sense. If you do list, price sharp - buyers here are paying just under asking.

Either way, start with your HonestDoor Price. It's the most current number you have - and in a market like this, current beats everything.

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.