Mc Kernan, Edmonton - October 2026 Real Estate Report
Mc Kernan Real Talk: Strong Prices, But the Market Is Catching Its Breath
If you own a home in Mc Kernan and you haven't checked your property value lately, now is the time to pay attention. Things are moving - just not in a straight line.
The Vibe: What's Actually Happening in Our Neighbourhood
Let's split this into two stories, because houses and condos are telling very different ones right now.
Houses - Expensive, But Slowing Down
We are sitting in a premium spot on Edmonton's price leaderboard. The average house sale price in Mc Kernan is $793,200, which puts us at rank 43 out of 285 neighbourhoods - meaning we are among the most expensive in the city. That's the good news.
Here's the honest part: prices are down 11.7% from last month, and the predicted market value of $715,551 is sliding below the 3-month moving average of $733,384. Homes are sitting on the market for an average of 96 days - longer than nearby Garneau at 87 days. Buyers are also paying about 94 cents on the dollar, so list prices are not sticking the way sellers would like.
- Average sale price: $793,200 (down 11.7% from last month)
- Average listing price: $774,900
- Price per square foot: $848
- Average days on market: 96 days
- Sales-to-list ratio: 94.21%
- Properties sold in 2026: 5 (up 25% from last month)
- Rental yield: 5.25% - that's a strong return for investors
- Estimated monthly rent: $3,269
- Growth rank: 241 out of 285 - bottom tier for Edmonton right now
The rental story is actually one of the brightest spots here. A 5.25% yield is genuinely solid. If you are not selling, holding and renting is a real option worth running the numbers on.
Condos - A Small, Pricey, and Quiet Corner of the Market
The condo side of Mc Kernan is a different animal. We are talking about a very small sample - only 1 condo sold recently and 3 transactions in 2026 total - so take these numbers as directional, not definitive.
That said, the HonestDoor Price for condos here is $1,314,295, which is dramatically higher than anything you'll find in Belgravia ($370,221), Garneau ($315,253), or Parkallen ($226,592). These are not your typical Edmonton condos. The predicted market value sits even higher at $1,400,420, and the 3-month moving average is $1,405,085, so values are essentially flat with a very slight dip.
- Average condo sale price: $572,000
- Price per square foot: $715
- HonestDoor Price: $1,314,295 (down 6.15% from previous period)
- Estimated monthly rent: $5,051
- Rental yield: 3.06% - moderate, not a slam dunk for investors
- Airbnb rank in Edmonton: 17 out of all neighbourhoods - top tier short-term rental potential
- Growth rank: 109 out of 297 - above average for Edmonton
That Airbnb rank of 17 in all of Edmonton is worth noting. If you own a condo here and have thought about short-term rentals, the demand signal is real.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's something most homeowners don't realize. The city's assessed value is a snapshot from the past - it doesn't react to what happened last month or even last quarter. The average assessed value for a house in Mc Kernan is $708,468. The HonestDoor Price is $713,010. That's a 0.64% gap right now, which sounds small, but in a market where prices dropped 11.7% in a single month, the gap between what the city thinks your home is worth and what a buyer will actually pay can grow fast.
The HonestDoor Price updates in real time using actual transaction data. It's the difference between knowing what your home is worth today versus what a government spreadsheet said it was worth last January. With 916 properties assessed in Mc Kernan this year, there's plenty of data feeding that number - and right now it's telling us the market is taking a breather.
Check your HonestDoor Price at honestdoor.com. It takes 30 seconds and it's free.
The 'So What?': Thinking About Selling This Summer?
If you are planning to list this summer, here is the straight talk.
Mc Kernan is still a premium address. A price rank of 43 out of 285 Edmonton neighbourhoods means buyers know this area and they will pay for it. But the current data is telling you to be sharp with your pricing strategy. Homes sitting 96 days and selling at 94% of list price means overpriced listings are getting punished right now.
The growth rank of 241 out of 285 is the number to watch. We are not leading the city in appreciation at the moment. Parkallen next door is growing faster. Garneau is growing faster. That doesn't mean Mc Kernan is a bad bet - it means the window to sell at peak pricing may be tighter than it was six months ago.
- Price competitively from day one - buyers are negotiating and they know it
- 96 days is a long time to carry a property - factor in your holding costs
- Your HonestDoor Price of $713,010 is your real-world anchor, not the assessed value
- Neighbourhood growth is 0.06% year over year - modest, not alarming, but not a rocket ship
- 60 total transactions in 2026 means this is not a high-volume market - every listing competes hard
Bottom line: Mc Kernan is still one of Edmonton's better addresses, and the rental numbers prove there is real demand here. But if you are selling, go in with eyes open. Price it right, know your real number, and don't let a stale tax assessment give you false confidence heading into summer.
mc kernan | edmonton | october 2026This 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.