Mc Leod, Edmonton - September 2026 Real Estate Report

Mc Leod, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

The Vibe Right Now

If you own a home in Mc Leod and you haven't checked your actual market value lately, you're probably leaving money on the table. The city's assessment says the average house is worth $405,755. The HonestDoor Price says $415,150. That's nearly $10,000 more - and that gap matters when you're making real decisions about selling, refinancing, or just knowing where you stand.

The neighbourhood isn't setting Edmonton on fire with growth - 0.10% year over year keeps us in steady-as-she-goes territory. But steady isn't bad. It means Mc Leod isn't a boom-and-bust story. It's a place where people buy and stay.

Houses: The Numbers Are Moving

Here's what caught our eye this month. The average house sale price hit $477,083 - up 19.9% from last month. That's a big jump. Three sales drove that number, so take it with some context, but the direction is clear. Prices are climbing.

• Average sale price: $477,083 (up 19.9% month over month)
• Average list price: $509,950
• Sale-to-list ratio: 99.12% - buyers are paying just under asking
• Average days on market: 40 days
• Price per square foot: $316
• Predicted market value: $426,661
• 3-month moving average: $422,114 - and rising
• Estimated monthly rent: $2,205
• Rental yield: 5.78%

Forty days on market sounds slow, but we're moving at the same pace as Casselman next door. That's a stable market, not a stalled one. And a 5.78% rental yield is genuinely strong - if you're holding a house in Mc Leod as an investment, the math is working for you right now.

On the neighbourhood leaderboard, Mc Leod houses rank 136 out of 291 for growth in Edmonton - solidly above average. Days-on-market rank sits at 39 out of 112, meaning we're selling faster than most. Price rank is 204 out of 285, so we're not the most expensive street in the city, but that's also exactly why buyers are still showing up here.

Condos: A Quiet Outperformer

This is the part of the Mc Leod story that doesn't get enough attention. Our condos are punching above their weight.

• Average HonestDoor Price: $202,800
• Predicted market value: $210,200
• 3-month moving average: $205,400 - and rising
• Recent value change: 3.75%
• Estimated monthly rent: $1,150
• Rental yield: 4.32%
• Growth rank: 15 out of 302 neighbourhoods in Edmonton

That growth rank is the headline. Top 15 in the entire city for condo value growth. Meanwhile, every nearby neighbourhood - Casselman, York, Kilkenny - has cheaper condos than us. We're not the bargain bin anymore. Mc Leod condos are outpricing the competition and still climbing.

The HonestDoor Price did dip 3.52% from the previous period, so it's not a straight line up. But the predicted value at $210,200 is sitting above the moving average, which tells us the momentum is pointing in the right direction.

The Secret Sauce: Why Your HonestDoor Price Beats Waiting for the City

Here's the honest truth about government assessments. They're snapshots from the past. The city looks at sale data from months ago, runs it through a formula, and mails you a number. By the time it lands in your mailbox, the market has already moved.

The HonestDoor Price is updated in real time. Right now, it's showing Mc Leod houses at $415,150 - that's 2.32% higher than the city's average assessed value for Edmonton. If you're relying on your tax assessment to understand what your home is worth today, you're working with old information.

That difference isn't just a number on a screen. It affects how you price a listing, how you negotiate a sale, and whether you're walking away from a deal with money left on the table. Check your HonestDoor Price before you make any move.

So What? - If You're Thinking About Selling This Summer

The window is interesting right now. Here's the straight version of what the data is telling us.

• House prices are rising month over month - sellers who move now are catching an upswing
• Buyers are paying 99.12% of list price - you're not going to get lowballed if you price it right
• 37 transactions happened in Mc Leod in 2026 across 872 assessed properties - this is an active market, not a ghost town
• Condo owners are sitting on a top-15 growth story in Edmonton - that's a strong selling point
• Compared to York ($815,685) and Casselman ($611,919), Mc Leod houses at $415,150 still look like value to buyers coming from pricier neighbourhoods

If you're a house owner thinking about listing this summer, the conditions are about as good as they've been. Prices are up, buyers are active, and you're not getting crushed on the sale-to-list ratio. The 40-day average means you're not going to sell overnight, so price it sharp from day one and don't wait for a better offer that might not come.

If you own a condo, the growth rank alone is worth talking about. Top 15 in Edmonton is a real selling point - use it.

Either way, start with your HonestDoor Price. It's the real-world number, not the city's best guess from six months ago.

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.