Macewan, Edmonton - September 2026 Real Estate Report

Macewan, Edmonton: What's Actually Happening With Home Prices Right Now

If you've been watching the "For Sale" signs on your street and wondering whether the market is heating up or cooling down, here's the straight answer: it depends on what you own. Macewan is telling two different stories right now - one for houses, one for condos - and knowing which story is yours could be worth real money this summer.

The Vibe: Houses vs. Condos in Macewan

Houses - Taking a Breather

Let's be honest with each other. The house market in Macewan is cooling off. The average sale price sits at $456,800, down 2.7% from last month. Only 5 houses sold, which is 16.7% fewer than the month before. Homes are sitting on the market for an average of 34 days, and buyers are paying about 97.75 cents on the dollar - meaning sellers are giving ground on price to get deals done.

• Average sale price: $456,800 (down 2.7% from last month)
• Average list price right now: $445,000
• Price per square foot: $506
• Average days on market: 34
• Sale-to-list ratio: 97.75% - buyers are winning negotiations
• Properties sold this period: 5
• HonestDoor predicted value: $493,185
• Estimated monthly rent: $2,486 - rental yield of 5.65%

That 5.65% rental yield is genuinely strong. If selling feels like bad timing, renting your Macewan house out is a real option worth running the numbers on. The predicted market value of $493,185 is also sitting above current sale prices, which tells us the market dip may be short-term noise rather than a structural shift.

On the neighbourhood leaderboard, Macewan houses rank 187 out of 291 Edmonton neighbourhoods for growth - below average, but not at the bottom. Days on market ranks a solid 33 out of 112, meaning we're still moving properties faster than most of the city.

Condos - A Different Story

Condo owners in Macewan have something to feel good about. The average sale price jumped to $239,667, up 5.6% from last month. Even better, our condos are selling faster than nearby Rutherford - 38 days here versus 55 days there. That gap matters. It means buyers are choosing Macewan condos over the competition.

• Average sale price: $239,667 (up 5.6% from last month)
• Average list price right now: $194,950
• Price per square foot: $241
• Average days on market: 38 - faster than Rutherford at 55 days
• Sale-to-list ratio: 97.47%
• Properties sold this period: 3
• HonestDoor predicted value: $197,449
• Estimated monthly rent: $1,078 - rental yield of 4.32%

The condo growth rank is 109 out of 302 Edmonton neighbourhoods - above average. That's a meaningful stat. It puts Macewan condos in the top third of the city for growth momentum right now.

One thing to watch: the HonestDoor Price for condos ($195,310) is running below the city's assessed value ($200,228). We'll explain exactly why that gap matters in the next section.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's something most Macewan homeowners don't realize. The city's assessed value is a snapshot frozen in time - it's based on data that can be months or even over a year old by the time it lands in your mailbox. A lot can change in that window, and right now, it has.

For houses, the HonestDoor Price is $480,372 - sitting 1.59% above the average city assessment of $472,872. That's a real-world gap of roughly $7,500. If you're making any financial decision based on your assessment alone - refinancing, listing, or just benchmarking your net worth - you're working with a number that's already behind the curve.

For condos, the story flips. The HonestDoor Price of $195,310 is actually 2.46% below the city's assessed value of $200,228. That's not a small rounding error - it's a signal that the assessment may be overstating what your condo would actually fetch on the open market today. If you're a condo owner, that's worth knowing before you price anything.

The HonestDoor Price updates in real time using actual transaction data. It's the number that reflects what a buyer would pay today - not what the city calculated last year.

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

If you own a house in Macewan and you're thinking about listing this summer, the honest advice is this: price it sharp from day one. With buyers paying 97.75% of list price and only 5 sales last month, overpricing will cost you weeks on market and likely a price cut anyway. The good news is that the predicted value of $493,185 gives you a ceiling to aim for - but you'll need to earn it with the right presentation and the right number on the sign.

If you own a condo, your timing is actually decent. Prices are up 5.6% month-over-month, you're selling faster than nearby neighbourhoods, and the growth rank puts you in the top third of Edmonton. The window might not stay open forever - 3 sales is still a thin market - but the momentum is on your side right now.

For anyone on the fence, here's the simplest way to think about it. Check your HonestDoor Price first. It takes 30 seconds and gives you a current, data-backed number to anchor your thinking - before you call an agent, before you renovate, and definitely before you assume your city assessment tells the whole story.

• Macewan house HonestDoor Price: $480,372 (down 2.53% recently)
• Macewan condo HonestDoor Price: $195,310 (down 1.08% recently)
• Neighbourhood overall growth: 0.04% year over year for houses, 0.10% for condos
• Total house transactions in 2026: 52 - ranked 48th in Edmonton
• Total condo transactions in 2026: 42 - ranked 17th in Edmonton
• Nearby comparison: Richford averages $856,930 for houses - Macewan is still a relative value play

Macewan is not the flashiest neighbourhood on the Edmonton leaderboard right now, but it is a stable, active market with real rental income potential and a condo segment that is quietly outperforming. That's not nothing - especially in a city where a lot of neighbourhoods are sitting still.

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.