Mc Queen, Edmonton - August 2026 Real Estate Report

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

If you own a home in Mc Queen and you're still going off your city assessment, you're leaving real money on the table. Here's the straight story on what's actually happening in our neighbourhood right now.

The Vibe: What the Market Is Doing

Let's split this into two stories, because houses and condos are telling very different tales right now.

Houses in Mc Queen

The house market is taking a breather. The average sale price sits at $352,500 this month, which is down 14.4% from last month. That's a notable dip. Active listings are averaging $375,000, and homes are selling at about 94% of list price - meaning buyers are successfully negotiating below the asking price. That's the market telling us sellers need to price sharp right now.

The good news? When a house does get listed here, it moves fast. Days on market average just 13 days, which ranks us 12th out of 108 Edmonton neighbourhoods for speed. That means serious buyers are still out there - they're just pickier on price.

• Average sale price: $352,500 (down 14.4% from last month)
• Average list price: $375,000
• Price per square foot: $399
• Sold-to-list ratio: 94% - buyers are winning negotiations
• Average days on market: 13 - one of the fastest in Edmonton
• Properties sold this month: 1
• Predicted market value (HonestDoor): $491,752
• Rental yield: 5.68% - that's a strong return for investors
• Estimated monthly rent: $2,410

We're ranked 240 out of 285 Edmonton neighbourhoods on price, which puts us firmly in the affordable camp. Compared to nearby High Park, where houses sold at an average of $296,000, Mc Queen is still commanding a premium. North Glenora and Grovenor are pricier at around $586,000 in HonestDoor Price, but their growth is slower than ours.

Condos in Mc Queen

This is where things get interesting. The condo picture here is a completely different animal. The average HonestDoor Price for condos is $2,297,946 - and the predicted market value is trending up to $2,332,676, which is above the 3-month moving average of $2,255,936. Values have moved up 3.08% recently, ranking Mc Queen condos 66th out of 302 Edmonton neighbourhoods for growth. That puts us solidly above average on the condo leaderboard.

• Average HonestDoor Price (condos): $2,297,946
• Predicted market value: $2,332,676 - trending up
• 3-month moving average: $2,255,936
• Recent value change: +3.08%
• Growth rank: 66 out of 302 Edmonton neighbourhoods - above average
• Estimated monthly rent: $5,660
• Rental yield: 3.05%
• Airbnb estimate: $280 per night - ranked 15th in all of Edmonton

That Airbnb rank of 15th in Edmonton is worth paying attention to. If you own a condo in Mc Queen and you're not at least running the numbers on short-term rental income, you're missing a conversation worth having.

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

Here's the thing about your city assessment. It's calculated once a year using data that's already months old by the time it lands in your mailbox. The average assessed value for a Mc Queen house is $459,564. The average HonestDoor Price is $487,274. That's a $27,710 gap - and it reflects what the market is actually doing right now, not what it was doing when the city ran its numbers.

The HonestDoor Price updates in real time using current sales data, market trends, and neighbourhood-level signals. Think of your city assessment as a snapshot from last winter. The HonestDoor Price is what's happening on the street today. For Mc Queen, that real-world check puts us 6.03% above the average assessed value in Edmonton. That gap is your neighbourhood's edge - and most homeowners here don't even know it exists.

With 428 properties assessed in Mc Queen this year and 19 transactions recorded in 2026, there's enough real sales activity to make these numbers meaningful. This isn't a guess - it's a live read on our market.

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

If you're weighing a sale this summer, here's the honest take.

The house market is cooling but not collapsing. Homes are still selling fast - 13 days on average - but buyers are negotiating harder, and prices have pulled back from recent highs. If you're selling a house, pricing it right from day one is everything. Overpricing right now means sitting on the market and eventually cutting anyway. A sharp list price gets you in front of the buyers who are clearly still active and moving quickly.

Our neighbourhood growth rate ranks 240 out of 292 comparable neighbourhoods. That's a bottom-tier ranking, and it's worth being honest about. Mc Queen isn't leading the city in appreciation right now. But the speed of sales and the rental yield of 5.68% tell a different story for investors - this is a neighbourhood where tenants want to live.

For condo owners, the picture is brighter. Values are trending up, growth is above average for Edmonton, and the short-term rental potential is among the best in the city. If you're a condo owner here, this summer could be a strong window.

Bottom line - check your HonestDoor Price before you do anything else. It's the most current read on what your property is actually worth, and in a market that's shifting month to month, that real-time number is the one that matters.

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.