Macewan, Edmonton - October 2026 Real Estate Report
Macewan, Edmonton: What Your Neighbour Hasn't Told You About Home Prices Yet
The Vibe Right Now
If you've been watching the "For Sale" signs in Macewan, here's what's actually happening. The market is a bit of a split personality depending on whether you own a house or a condo. Let's break it down for us locals.
Houses - Holding Steady With Some Muscle
Houses in Macewan are doing reasonably well. The average sale price sits at $471,478, and that's up 3.2% from last month. That's not nothing. Buyers are paying 97.75% of list price on average, which means sellers are getting close to what they're asking - but not quite. If you're listing, pricing sharp matters right now.
- Average sale price: $471,478 (up 3.2% month over month)
- Average list price this month: $445,000
- Price per square foot: $385
- Average days on market: 34 days
- Properties sold this month: 9
- Sale-to-list ratio: 97.75%
- Predicted market value (HonestDoor): $480,715
- Rental yield: 5.67%
- Estimated monthly rent: $2,433
One thing worth watching - the predicted market value of $480,715 is sliding below the 3-month moving average of $489,764. Values have dipped 2.53% recently. The market isn't falling off a cliff, but it's taking a breather. On the neighbourhood leaderboard, Macewan houses rank 185 out of 285 for growth in Edmonton - that's below average, so we're not leading the pack right now.
Condos - A Bumpier Ride
Condos are where we need to pay closer attention. The average sale price dropped to $179,625 this month - down 25.1% from last month. That's a big swing, and with only 4 sales to base it on, one or two outlier deals can move that number hard. Don't panic, but don't ignore it either.
- Average sale price: $179,625 (down 25.1% month over month)
- Average list price this month: $197,800
- Price per square foot: $224
- Average days on market: 61 days
- Properties sold this month: 4 (up 33.3% from last month)
- Sale-to-list ratio: 96.66%
- Predicted market value (HonestDoor): $195,310
- Rental yield: 4.33%
- Estimated monthly rent: $1,067
The silver lining? Macewan condos are selling faster than nearby Rutherford (61 days vs. 70 days). So demand is there - buyers are just being picky. On the leaderboard, condo growth ranks 181 out of 297 in Edmonton. Below average, but not at the bottom. The market is cooling here, and sellers need to price accordingly.
How We Stack Up Against the Neighbours
Here's a quick reality check. Richford and Anthony Henday South are running at significantly higher price points for both houses and condos. Rutherford is close to us on houses but a step up on condos. Macewan sits in a more accessible price range, which actually works in our favour for attracting buyers who've been priced out of those pricier pockets.
- Anthony Henday South houses: HonestDoor Price $818,896 - much higher than Macewan
- Rutherford houses: HonestDoor Price $507,860 - slightly above us, growing at 0.05%
- Richford houses: HonestDoor Price $853,644 - much higher, growing at 0.07%
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing most Macewan homeowners don't realize. Your city assessment is a snapshot from months ago. It doesn't know what sold on your street last Tuesday. The HonestDoor Price is updated in real time using actual transaction data - it's the real-world check against a number the city calculated while sitting at a desk.
For houses, the average assessed value in Macewan is $472,872. The HonestDoor Price is $479,068 - that's 1.31% higher than the city's average assessed value across Edmonton. Your home could be worth more than the city thinks. For condos, it flips the other way. The average assessed value is $200,228, but the HonestDoor Price is $189,674 - 5.27% lower than the Edmonton average assessed value. If you're a condo owner banking on your assessment as a selling price guide, that gap is a problem you need to know about before you list.
Bottom line - look up your HonestDoor Price before you make any decisions. It's the number that reflects what buyers are actually paying today, not what a government formula calculated months ago.
The So What - Should You Sell in Macewan This Summer?
If you own a house in Macewan and you're thinking about selling this summer, the window is open but it's not wide open. Prices are up month over month, but the 3-month trend is softening. You have 57 total transactions in the neighbourhood this year and 1,291 assessed properties - that means most owners are sitting tight. Less competition on the listing side works in your favour right now.
Price it right from day one. With buyers landing at 97.75% of list price, overpricing by even 5% means you're sitting for 34-plus days and then cutting anyway. That's a worse outcome than pricing sharp and selling fast.
If you own a condo, be realistic. The HonestDoor Price of $189,674 is your anchor. The market is telling you that buyers aren't paying assessed value right now. A well-priced condo in Macewan can still move - we're selling faster than Rutherford - but the days of listing high and waiting are behind us for now.
Macewan is a solid, established neighbourhood with real rental demand ($2,427 a month for houses) and a price point that keeps attracting buyers. We're not the flashiest neighbourhood on the Edmonton leaderboard right now, but we're not falling apart either. Know your numbers, price with your eyes open, and you'll be fine.
macewan | 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.