Mayfield, Edmonton - September 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, you are probably leaving money on the table. The city's assessment says the average house here is worth $349,097. The real world says otherwise.

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 interesting. We had 52 house transactions and 14 condo sales in 2026 so far, and the market is telling two different stories depending on what you own.

Houses - A Cooling Sellers' Market, But Still Holding Firm

Let's be straight: the house market here is taking a breather. The average sale price for houses is $364,880, which is down 4.3% from last month. That said, sellers are still getting 101.69% of their list price on average - meaning buyers are still paying above asking. That is not a collapsing market. That is a market finding its footing.

• Average sale price: $364,880 (down 4.3% from last month)
• Average list price this month: $374,450
• Price per square foot: $368
• Sale-to-list ratio: 101.69% - buyers paid above list price
• Average days on market: 26 days
• Properties sold this period: 2
• Predicted market value: $387,479
• 3-month moving average: $384,306 - values are trending up
• Estimated monthly rent: $2,020
• Rental yield: 5.85% - that is a strong return
• Recent value change: up 1.85%

Here is the leaderboard stat worth knowing: Mayfield houses rank 56 out of 291 Edmonton neighbourhoods for growth. That puts us in the top 20% citywide. For days on market, we rank 25 out of 112 - properties here move faster than most of the city. The tradeoff is price rank: we sit at 229 out of 285, meaning Mayfield is one of Edmonton's more affordable options. That is actually a selling point for buyers, which keeps demand steady.

Condos - Fast-Moving and Investor-Friendly

The condo story in Mayfield is different, and honestly, it is one of the more interesting ones in the city right now. Eight condos sold this period, buyers are moving fast - average 13 days on market - and the growth rank is 22 out of 302 Edmonton neighbourhoods. Top 10%. That is not a typo.

• Average sale price: $112,000
• Average list price this month: $119,000
• Price per square foot: $183
• Sale-to-list ratio: 92.44% - buyers have some negotiating room
• Average days on market: 13 days - very fast
• Properties sold this period: 8
• Predicted market value: $147,455
• 3-month moving average: $144,894 - trending upward
• HonestDoor Price: $148,065 (up 0.41% from last period)
• Estimated monthly rent: $776
• Rental yield: 4.32%
• Recent value change: up 3.00%

Condos here are among the most affordable in Edmonton - ranking 206 out of 216 on price - but they are appreciating faster than almost anywhere else in the city. For investors or first-time buyers, that combination is hard to find.

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

The city assessed the average Mayfield house at $349,097. The HonestDoor Price is $377,679. That is a $28,582 gap - and it is not a rounding error. It is 8.19% higher than the city's number.

Here is the problem with government assessments: they are backward-looking. They are calculated using data that can be months or even over a year old by the time it lands in your mailbox. The HonestDoor Price pulls from real-time market activity - actual sales, current listing trends, and live pricing signals. It is the number a buyer would actually use to make an offer today, not the number a city clerk calculated last fall.

Yes, the HonestDoor Price for houses has dipped 2.53% from the previous period. But it is still sitting well above the assessed value. If you are making any financial decision - refinancing, selling, even just understanding your net worth - use the number that reflects today's market, not yesterday's paperwork.

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

If you own a house in Mayfield and you are thinking about selling this summer, here is the honest read: the window is still open, but it is not as wide as it was a few months ago. Prices dipped 4.3% last month, but buyers are still paying over asking. That tells us demand is real - the pool of buyers has just gotten a little more selective.

The sweet spot right now is pricing sharp. Homes sitting at $374,450 on average are selling for $364,880. The sellers winning are the ones who price close to market value from day one, not the ones who test the ceiling and sit for 60 days.

With a predicted market value of $387,479 and a 3-month trend moving upward, the fundamentals are not broken. But if your plan was to wait until fall, know that the market is signaling a cooldown. Summer - with buyers still active and days on market at 26 - is likely your better bet.

For condo owners, the calculus is even clearer. Condos are moving in 13 days on average, values are up 3% recently, and you rank in the top 10% of Edmonton for growth. If you are thinking about selling, the market is listening right now.

Bottom line: check your HonestDoor Price before you do anything else. It is the real-world number - not the city's best guess from last year.

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.