Mayliewan, Edmonton - August 2026 Real Estate Report

Mayliewan, Edmonton: Your Neighbour's Assessment Is Already Out of Date

If you own a home in Mayliewan and the last number you checked was your city assessment, you are leaving real money on the table. Here is what is actually happening on our streets right now.

The Vibe: What the Market Is Doing in Mayliewan

The short version - Mayliewan is holding its own, and houses are the story to watch. Condos are a different conversation, so we will break both down.

Houses: Prices Are Moving Up

If you have been watching the "For Sale" signs in Mayliewan, here is what is actually happening. The average house sold for $565,375 this month - that is up 8.7% from last month. Listings are sitting at $591,175 on average, and price per square foot is around $335. Four houses sold this month, spending an average of 32 days on the market, which ranks us 30th out of 108 Edmonton neighbourhoods for speed. That is not slow.

• Average sale price (houses): $565,375 - up 8.7% month over month
• Average list price: $591,175
• Price per square foot: $335
• Sale-to-list ratio: 95.91% - buyers are negotiating, but not by much
• Average days on market: 32
• Properties sold this month: 4
• Rental yield: 5.56% - that is a strong return for landlords
• Estimated monthly rent: $2,687

The predicted market value for houses sits at $540,896, and that number is climbing - it is up from the 3-month moving average of $532,866. Our neighbourhood growth rate ranks 32nd out of 292 Edmonton neighbourhoods. That puts us in the top 11% of the city for growth. That is a leaderboard position worth knowing about.

One thing to flag - buyers are paying about 4% below list price on average. That means pricing your home right matters more than ever. Overpricing it will cost you time and leverage.

Condos: Fast Sales, But Watch the Trend

The condo picture is more nuanced. One condo sold this month at $352,000, and it moved in just 8 days - that ranks us 2nd out of 111 Edmonton neighbourhoods for condo speed. When a condo sells, it sells fast here. Buyers paid 105.07% of list price, meaning they went over asking. That is a sellers' market signal.

• Average condo sale price: $352,000
• Average list price: $335,000
• Sale-to-list ratio: 105.07% - buyers are competing
• Price per square foot: $312
• Average days on market: 8
• Estimated monthly rent: $1,857
• Rental yield: 4.11%
• HonestDoor Price (condos): $360,976 - up 2.87% from the previous period

The catch - the predicted condo value of $350,893 is actually down from the 3-month moving average of $362,916, and recent value change sits at -4.55%. Condo growth ranks 283rd out of 302 Edmonton neighbourhoods right now. So while individual sales are happening fast and above asking, the broader condo value trend in Mayliewan is taking a breather. If you own a condo and are thinking about selling, the timing conversation is worth having sooner rather than later.

On the bright side, Mayliewan condos are still among the most expensive in the city - price rank is 39th out of 218 neighbourhoods. And compared to nearby Belle Rive condos at $316,113, we are holding a premium.

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

Here is the thing about your city assessment - it is a snapshot from months ago, calculated using broad formulas across thousands of properties. It does not know what sold on your block last week. It does not adjust for the fact that house values in Mayliewan have moved up 8.7% in a single month.

The HonestDoor Price is updated in real time using actual transaction data. For houses in Mayliewan, that number is $541,040 - already 4.05% higher than the average city assessment. For condos, the HonestDoor Price is $360,976, up 2.87% from the last period.

That gap between the assessment and the HonestDoor Price is not just a number - it is the difference between what the city thinks your home is worth and what a buyer would actually pay today. If you are making any financial decision based on your assessment alone - whether that is refinancing, estate planning, or pricing a sale - you are working with old information.

With 1,230 properties assessed in Mayliewan this year and 38 total transactions in 2026, the HonestDoor Price has real local data to work with. Check yours at HonestDoor.com. It takes about 30 seconds and it is free.

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

If you own a house in Mayliewan, the case for listing this summer is real. Prices are up, we are in the top 11% of Edmonton neighbourhoods for growth, and buyers are still active. The neighbourhood growth rate of 0.07% year over year is modest, but our ranking tells the better story - 32nd out of 292 is a strong position.

Compare that to our neighbours - Ozerna is growing at 0.04%, Belle Rive at 0.05%, and even Schonsee at 0.05% despite higher prices. Mayliewan is outpacing all of them on growth. That is a selling point, literally.

For condo owners, the picture calls for a more honest conversation. Sales are happening fast and above asking when they do happen, but the 3-month trend is softening. If you have been sitting on the fence, waiting for the market to improve might not be the right call right now. Getting a current HonestDoor Price and talking to a local agent about timing is the smart first move.

• House sellers - market conditions are in your favour this summer
• Condo sellers - act sooner rather than later given the softening trend
• Landlords - a 5.56% rental yield on houses is genuinely strong; the numbers work
• Everyone - replace your city assessment with your HonestDoor Price before making any decision

Mayliewan is not the flashiest neighbourhood in Edmonton, but the data says we are one of the smarter ones to own in right now. Know your number, and make your move with real information.

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.