Mayfield, Edmonton - July 2026 Real Estate Report

Mayfield, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home in Mayfield and you have not checked your HonestDoor Price lately, here is the short version - the city says your house is worth one thing, and the real market says something quite different. That gap is worth real money.

The Vibe: What Is Actually Happening in Mayfield Right Now

Mayfield is a neighbourhood that does not make a lot of noise, but the numbers are quietly telling a good story. We have got two very different markets running side by side here - houses and condos - and they are behaving in completely different ways.

Houses: Steady, Solid, and Moving

If you have been watching the "For Sale" signs on the house side of Mayfield, here is what is actually happening. Nine houses sold this month at an average sale price of $422,467 - that is up 3.4% from last month. Listings are sitting at $427,500 on average, and sellers are getting 98.17% of their asking price. That means buyers are paying close to full price, which tells us demand is real.

• Average sale price: $422,467 (up 3.4% month over month)
• Average list price: $427,500
• Price per square foot: $393
• Sale-to-list ratio: 98.17%
• Average days on market: 26
• Properties sold this month: 9
• Predicted market value: $385,015
• Estimated monthly rent: $2,009
• Rental yield: 5.85%

Twenty-six days on market is not lightning fast, but it is not sitting either. The days-on-market rank of 25 out of 103 comparable neighbourhoods puts us in moderately fast-selling territory for Edmonton. On the neighbourhood growth leaderboard, Mayfield houses rank 103 out of 302 - that puts us in the above-average tier. Not the top of the podium, but solidly ahead of the pack.

Condos: The Quiet Overachiever

Here is where things get interesting. The condo market in Mayfield is punching well above its weight class. Eight condos sold this month, and they moved fast - an average of just 13 days on market. That is a days-on-market rank of 6 out of 108 neighbourhoods in Edmonton. Six. That means condos here are selling faster than almost everywhere else in the city.

• Average sale price: $112,000
• Average list price: $119,000
• Price per square foot: $183
• Sale-to-list ratio: 92.44%
• Average days on market: 13
• Properties sold this month: 8
• Predicted market value: $144,068
• 3-month moving average: $131,999 (values are climbing)
• Estimated monthly rent: $759
• Rental yield: 4.33%

On the growth leaderboard, Mayfield condos rank 19 out of 296 neighbourhoods. That is top 7% in all of Edmonton. And the price rank of 6 out of 220 means we are among the most expensive condo markets in the city - which, given the entry price point, is a signal that demand here is genuinely strong.

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

Here is the thing about your city assessment - it is a snapshot taken months ago, using data that is even older than that. It does not know what sold on your street last Tuesday. The HonestDoor Price does.

For Mayfield houses, the average city assessment sits at $349,097. The average HonestDoor Price is $380,424. That is a gap of roughly $31,000 - and that gap represents 8.97% more value than the city is giving you credit for. If you are making any financial decision based on your assessment alone - whether that is refinancing, selling, or just knowing what you own - you are working with an outdated number.

Yes, the HonestDoor Price for houses has dipped 1.19% from the previous period, and condos are down a slight 0.63%. The market is taking a small breather. But the predicted market value for houses is $385,015, which is trending above the 3-month moving average of $379,958. The direction is still up.

The HonestDoor Price is your real-world check. It updates in real time. Your tax assessment does not.

The "So What?" - Should You Sell in Mayfield This Summer?

If you are a homeowner thinking about listing this summer, here is the honest take.

On the house side, you are entering a market where buyers are paying 98 cents on every dollar of asking price and values are climbing month over month. With only 9 sales this month and 781 assessed properties in the neighbourhood, inventory is tight. Tight inventory plus rising prices is generally a good combination for sellers. The 48 total transactions in 2026 give Mayfield a transaction rank of 35 in Edmonton - meaning this is an active market, not a sleepy one.

On the condo side, if you own one and have been on the fence, the data is hard to ignore. Values have jumped 4.47% recently, the predicted value of $144,068 is well above the 3-month average of $131,999, and condos are selling in under two weeks. That is a seller's window worth paying attention to.

The rental numbers also give landlords something to think about. A 5.85% rental yield on houses is strong. If selling is not the plan, holding and renting is a legitimate strategy here.

Bottom line - Mayfield is not the flashiest neighbourhood in Edmonton, but right now it is working. Check your HonestDoor Price, know what you actually own, and make your move with real numbers in hand.

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.