Mc Leod, Edmonton - July 2026 Real Estate Report

Mc Leod, Edmonton: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your city tax assessment and assuming that's the number that matters, it's time for a reality check. The average assessed value in Mc Leod sits at $405,755 - but the average HonestDoor Price is $425,718. That's nearly $20,000 more sitting on the table that the city's paperwork isn't telling you about. And with 872 properties assessed this year and 32 transactions already recorded in 2026, there's enough real activity here to read the room clearly.

The Vibe: What's Happening With Houses and Condos Right Now

Houses - Taking a Breather

Let's be straight with each other. The house market in Mc Leod is cooling off. The average sale price for houses is $397,750, and that's down 10.1% from last month. Only 2 homes sold, which is a 33.3% drop in volume. Homes are sitting on the market for about 14 days - not terrible, but slower than nearby Casselman and York, where houses are moving in 9 days. Buyers are paying 98.54% of list price on average, meaning sellers are giving a little ground to get deals done.

• Average house sale price: $397,750 (down 10.1% from last month)
• Current average list price: $539,900
• Price per square foot: $359
• Average days on market: 14
• Properties sold at: 98.54% of list price
• HonestDoor predicted value for houses: $413,962
• Estimated monthly rent: $2,149
• Rental yield: 5.80%
• Growth rank: 227 out of 302 neighbourhoods in Edmonton
• Days-on-market rank: 13 out of 103 (very fast-selling by Edmonton standards)

Here's the interesting wrinkle. Even though prices are dipping, the days-on-market rank is 13 out of 103 comparable neighbourhoods. That means when a well-priced house hits the market in Mc Leod, it moves fast. The issue isn't demand - it's pricing expectations. The gap between average list prices ($539,900) and average sale prices ($397,750) tells us some sellers are still dreaming 2022 dreams. Price it right and we're still in business.

Condos - Steady but Sliding

Condos in Mc Leod are a different story - quieter, but not without opportunity. The HonestDoor Price for condos averages $202,600, which is down a modest 0.39% from the previous period. The predicted market value sits at $203,400, just slightly above the 3-month moving average of $203,467. Values have shifted by -1.45% recently, ranking 182 out of 296 Edmonton neighbourhoods for growth - below average, but not in freefall.

• Average HonestDoor Price for condos: $202,600 (down 0.39%)
• Predicted market value: $203,400
• Estimated monthly rent: $1,110
• Rental yield: 4.36%
• Airbnb estimate: $55 per night
• Growth rank: 182 out of 296 Edmonton neighbourhoods

What's worth noting is that Mc Leod condos are priced higher than every nearby neighbourhood we track. Casselman condos average $188,411, York sits at $163,632, and Kilkenny comes in at $115,914. So if you own a condo here, you're already sitting above the local competition. The rental yield of 4.36% is moderate - not a home run, but a solid hold for investors who aren't in a rush.

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

Your city assessment is a snapshot taken months ago using broad formulas. It doesn't know what sold on your street last Tuesday. The HonestDoor Price for Mc Leod houses is $413,962 - updated in real time, based on actual market activity. That's the number a buyer's agent is looking at. That's the number a lender cares about. The city's static assessment is useful for calculating your tax bill. It's not useful for figuring out what your home is worth today.

For houses, the HonestDoor Price is running 4.92% above the average city assessment across Edmonton. In a market where prices shifted 2.84% in a single period, waiting for next year's assessment means you're always driving while looking in the rearview mirror. Check your HonestDoor Price now - not in six months.

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

Here's the honest take for anyone considering listing in Mc Leod this summer.

• The market is softer than it was - prices are down and volume is lower. That's just the reality right now.
• But well-priced homes are still moving in about 14 days, and the days-on-market rank of 13 out of 103 means buyer interest hasn't disappeared.
• The biggest risk is overpricing. The gap between list prices and sale prices is real. Sellers who price close to the HonestDoor predicted value of $413,962 are going to have a much better summer than those anchoring to wishful numbers.
• If you're a condo owner, the moderate rental yield of 4.36% means holding and renting is a reasonable alternative to selling into a slow market.
• Neighbourhood growth is 0.10% year over year - Mc Leod is stable, not surging. Nearby York and Casselman are growing slower, so we're not falling behind the pack.

Bottom line - Mc Leod is a solid, mid-range neighbourhood in Edmonton. It's not the flashiest market right now, but it's not broken either. If you're selling, price it sharp and move with confidence. If you're holding, the rental numbers on houses - a 5.80% yield - make this a neighbourhood worth keeping in your portfolio. Pull your HonestDoor Price today and know exactly where you stand before you make any moves.

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.