Mayfield, Edmonton - October 2026 Real Estate Report
Mayfield, Edmonton: Your Neighbour Just Got More For Their House Than You Think
If you own a home in Mayfield and you're still looking at your city assessment to figure out what your place is worth, you're leaving real money on the table. The numbers right now tell an interesting story - and it's one worth paying attention to before summer hits.
The Vibe: What's Actually Happening on Our Streets
Houses - A Sellers' Market With Momentum
Houses in Mayfield are moving. The average sale price hit $401,500 this period - up 10% from last month. That's not a typo. And here's the part that really matters: homes are selling for 101.69% of list price on average. Buyers are going over asking. That tells us demand is outpacing supply right now, and sellers are holding the cards.
- Average sale price: $401,500 (up 10% from last month)
- Average list price: $374,450
- Sale-to-list ratio: 101.69% - buyers are paying above asking
- Price per square foot: $380
- Average days on market: 26 days
- Properties sold this period: 3 (up 50% from last month)
- Predicted market value: $377,679
- Rental yield: 5.86%
The one thing to watch: the predicted market value of $377,679 is sitting slightly below the 3-month moving average of $381,861, and recent property value change is down 2.53%. So the market is strong right now, but it's worth watching. If you're thinking about selling, sooner beats later.
On the neighbourhood leaderboard, Mayfield houses rank 185 out of 285 Edmonton neighbourhoods for growth - below average. But the days-on-market rank tells a different story: 25 out of 116, meaning our houses sell faster than most. Buyers are showing up. They're just not paying a premium price-tier yet - price rank sits at 227 out of 285, which actually works in a seller's favour when buyers see value.
Condos - Affordable, Fast-Moving, and Flying Under the Radar
Condos in Mayfield are a different animal. The average sale price is $112,000, and buyers are negotiating - the sale-to-list ratio is 92.44%, meaning sellers are taking some discount to close. That puts us in buyers' market territory for condos. But here's the flip side: condos are selling in an average of just 13 days. That's a very fast-moving segment.
- Average sale price: $112,000
- Average list price: $119,000
- Sale-to-list ratio: 92.44% - buyers have some negotiating room
- Price per square foot: $183
- Average days on market: 13 days
- Properties sold this period: 8
- Predicted market value: $148,065
- Rental yield: 4.32%
On the leaderboard, Mayfield condos rank 111 out of 297 Edmonton neighbourhoods for growth - above average. Days-on-market rank is 8 out of 113, meaning our condos are among the fastest-selling in the city. Price rank is 208 out of 218, making them some of the most affordable condos in Edmonton. For investors, that combination of fast sales and low entry price is worth a second look.
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, built on formulas, not on what buyers are actually doing in Mayfield right now. The HonestDoor Price updates in real time using live market data. And the gap between the two? It's not small.
The average assessed value for a Mayfield house is $349,097. The average HonestDoor Price is $379,897 - that's 8.82% higher. On a single property, that gap can mean tens of thousands of dollars. If you're pricing a home based on your assessment, you could be starting the conversation too low before you even list.
The HonestDoor Price for houses has nudged up 0.59% from the previous period. It's not a dramatic spike, but it's moving in the right direction. Think of it as the real-world check - the number that reflects what a buyer would actually pay today, not what a government formula calculated last year.
The 'So What?': Thinking About Selling This Summer?
If selling is on your radar, here's the honest take on where Mayfield sits right now.
For house owners, the conditions are about as good as they get in this price range. Buyers are paying over asking, homes are moving in under a month, and your HonestDoor Price is running well ahead of your assessment. The predicted value is slightly off its 3-month peak, so if you're waiting for the perfect moment, you may already be in it.
For condo owners, the market is stable but buyers have leverage. The good news is that condos are selling fast - 13 days on average - so a well-priced unit won't sit. The key word is well-priced. With a sale-to-list ratio under 93%, overpricing will cost you time and negotiating position. Check your HonestDoor Price, price it sharp, and you'll find a buyer quickly.
Either way, the first step is knowing your real number. Not the assessment. Not a guess. Check your HonestDoor Price at HonestDoor.com and go into any conversation with a buyer - or an agent - knowing exactly where you stand.
- 781 properties assessed in Mayfield this year
- 52 house transactions and 14 condo transactions recorded in 2026
- Neighbourhood growth: 0.07% year over year
- Average rental estimate (house): $1,985 per month
- Average rental estimate (condo): $778 per month
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.