Menisa, Edmonton - July 2026 Real Estate Report

Menisa, Edmonton: Your Neighbour Just Texted You This

If you own a home in Menisa and you're still looking at your city assessment to figure out what your place is worth, you're working with old news. Here's what's actually happening on the ground right now.

The Vibe: What the Market Is Doing

Menisa is a neighbourhood that doesn't make a lot of noise, but it's holding its own. With 810 properties assessed and 29 transactions recorded in 2026, there's real activity here. The year-over-year growth sits at 0.10%, which is steady - not explosive, but not falling apart either. On the Edmonton neighbourhood leaderboard, Menisa's growth ranks 110 out of 302 neighbourhoods. That puts us in above-average territory. Not the flashiest number, but it means we're outpacing more than half the city.

Houses: Taking a Breather

Let's be straight with each other. The house market in Menisa is cooling off a bit right now. The average sale price came in at $400,000 this month, down 6.0% from last month. Only 1 house sold, which is down 50% from the month before. Homes are sitting on the market for an average of 34 days, and buyers are paying about 96.60% of the asking price - meaning sellers are giving a little ground to get deals done.

• Average sale price: $400,000 (down 6.0% from last month)
• Average list price: $430,967
• Price per square foot: $304
• Average days on market: 34
• Sale-to-list ratio: 96.60%
• Predicted market value (HonestDoor): $448,185
• 3-month moving average: $445,935
• Rental yield: 5.74%
• Estimated monthly rent: $2,271

The good news? The predicted market value of $448,185 is actually trending up from the 3-month moving average of $445,935. So while the short-term sales data is soft, the underlying value picture is still pointing in the right direction. A 5.74% rental yield is also a genuinely strong number for investors keeping an eye on us.

Condos: Small Market, Moving Fast

The condo side of Menisa is a much smaller pool - just 2 transactions in 2026 - but there are some interesting signals here. The average sale price is $197,000, essentially flat, and the one condo that sold this month moved in just 11 days. That days-on-market rank of 4 out of 108 Edmonton neighbourhoods means condos here are among the fastest-selling in the city when they do come up. Buyers are not sleeping on them.

• Average sale price: $197,000
• Average list price: $185,000
• Price per square foot: $76
• Average days on market: 11
• Sale-to-list ratio: 98.65%
• HonestDoor Price: $174,933 (down 2.04% from previous period)
• Predicted market value: $178,582
• 3-month moving average: $176,967
• Rental yield: 4.35%
• Estimated monthly rent: $983

One thing to watch: the HonestDoor Price on condos has dipped 2.04% from the previous period. That's worth keeping an eye on if you're a condo owner thinking about timing a sale.

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. The HonestDoor Price is updated in real time using actual market activity, which means it's a much more honest reflection of what a buyer would pay for your home today.

For houses in Menisa, the average HonestDoor Price is $447,914. The average city assessment is $439,379. That's a gap of roughly $8,500 - and the HonestDoor Price runs 1.94% higher than the Edmonton average assessed value. If you're basing any financial decisions on that assessment number, you could be leaving money on the table or miscalculating your equity position entirely.

Think of the HonestDoor Price as the real-world check on a number the city updates once a year. It's the difference between knowing your home's value and guessing it.

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

If you're a house owner in Menisa with summer selling on your mind, here's the honest read. The market is taking a breather. Prices dipped last month, and buyers have a bit of leverage right now. That doesn't mean it's a bad time to sell - it means you need to price sharp from day one. Homes sitting at $430,000 in listings are selling closer to $400,000. The gap between hope and reality is about $30,000 right now. Price it right and you can still move it.

Compare that to what's happening next door. Satoo is running an average HonestDoor Price of $488,424 - about $40,000 more than Menisa houses. Sakaw is even further ahead at $647,763. Menisa is priced below average for Edmonton at rank 198 out of 285 neighbourhoods, which actually works in your favour as a seller if you're targeting buyers who've been priced out of Satoo or Sakaw. You're the affordable option in a solid pocket of the city.

For condo owners, the story is a bit more cautious. The HonestDoor Price has slipped slightly, and with only a handful of transactions in the neighbourhood, one slow month can skew the whole picture. If you're thinking of selling, watch the next 60 days closely before committing to a list date.

Bottom line - Menisa is not a neighbourhood in trouble. It's a neighbourhood catching its breath. Sellers who price with the current market, not last year's hope, are still getting deals done.

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.