Menisa, Edmonton - October 2026 Real Estate Report
Menisa, Edmonton: Your Neighbour Just Sold Above Asking. Here's What's Really Going On.
If you own a home in Menisa and you haven't checked your HonestDoor Price lately, this is your sign. The city's assessment number is already old news - and in a market that's moving, old news can cost you real money.
The Vibe: What's Happening With Houses and Condos Right Now
Let's break it down for us locals, because houses and condos are telling two very different stories right now.
Houses in Menisa
Here's the headline for houses: the one home that sold this month went for 101.17% of list price. That means the buyer paid above asking. In a market where a lot of Edmonton neighbourhoods are seeing buyers push back, that's a real signal. It's a sellers' market here, even if it's a quiet one.
- Average sale price: $182,000
- Current average listing price: $179,888
- Price per square foot: $266
- Average days on market: 60 days
- Predicted market value (HonestDoor): $435,677
- 3-month moving average: $444,931 - values are taking a breather
- Estimated monthly rent: $2,216
- Rental yield: 5.76% - that's a strong return
- Recent value change: -3.44%
- Growth rank: 234 out of 285 Edmonton neighbourhoods
- Days-on-market rank: 56 out of 116 - moderately fast
- Price rank: 274 out of 285 - among the most affordable in the city
The honest take on houses? Values have dipped 3.44% recently and the predicted price is sliding below the 3-month average. But homes are still selling above list, which tells us there's real buyer demand here. The affordability angle is strong - ranking 274 out of 285 on price means Menisa houses are genuinely accessible compared to most of Edmonton.
Compare that to the neighbours: Ekota houses are selling around $200,000 and growing slightly faster at 0.14% year over year. Sakaw is a different league entirely at $623,734 average HonestDoor Price. Menisa sits in a sweet spot for buyers who want into the southeast without the Sakaw price tag.
Condos in Menisa
Condos are a different story. One sold this month, it moved in just 11 days - that's a very fast-selling property by Edmonton standards, ranking 6th out of 113 comparable neighbourhoods on days on market. But buyers paid 98.65% of list, meaning there was a small discount negotiated. It's a buyers' market for condos, but a brisk one.
- Average HonestDoor Price: $170,387 - down 2.82% from last period
- Average sale price: $197,000
- Current average listing price: $185,000
- Price per square foot: $76
- Average days on market: 11 days
- Predicted market value (HonestDoor): $175,324
- 3-month moving average: $176,716 - also softening slightly
- Estimated monthly rent: $963
- Rental yield: 4.34% - moderate returns
- Recent value change: -2.54%
- Growth rank: 239 out of 297 Edmonton neighbourhoods
- Days-on-market rank: 6 out of 113 - very fast selling
- Price rank: 142 out of 218 - below average price in Edmonton
Condo values are softening - down 2.54% recently and the HonestDoor Price has dropped 2.82% from last period. But those 11-day sales tell us buyers are ready to move when the price is right. Nearby, Satoo condos are averaging $229,857 and Ekota sits at $205,399. Menisa condos at $170,387 are the most affordable of the three - which is exactly why they're moving fast.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's something most Menisa homeowners don't realize. The city's assessed value for houses here averages $439,379. The HonestDoor Price is $441,583 - that's 0.50% higher than the city average assessment, and it's updated in real time. Your tax assessment is a snapshot from months ago. The HonestDoor Price is what's actually happening today.
For houses, that gap between the static assessment and the live HonestDoor Price is small right now - but the direction matters. Values shifted -3.44% recently. If you're relying on last year's assessment to know what your home is worth, you could be working with a number that no longer reflects reality. The HonestDoor Price is your real-world check - not what the city calculated in the past, but what the market is saying right now.
For condos, the HonestDoor Price of $170,387 is your clearest signal. With values down 2.82% from last period, waiting for the next annual assessment to catch up means you're always looking in the rearview mirror.
The So What - Should You Sell in Menisa This Summer?
If you own a house in Menisa and you're thinking about selling, here's the straight talk. You're sitting in one of Edmonton's most affordable neighbourhoods - price rank 274 out of 285. That's actually a selling point for a specific buyer: someone priced out of Sakaw or Satoo who wants into the southeast. Houses are selling above list right now, which means motivated buyers exist. But values are sliding - down 3.44% recently and the predicted price is below the 3-month average. Waiting is not obviously the right move.
For condo owners, the buyers' market dynamic means you'll likely need to price sharp to compete. The good news is that condos here are moving in 11 days when priced right. That's fast. Price it well and you won't be sitting on it.
The neighbourhood overall is growing at 0.10% year over year - steady but not setting any records. On the Edmonton leaderboard, Menisa houses rank 234 out of 285 for growth. That's a bottom-third finish. It's not a crisis, but it does mean this market rewards sellers who move with the current data, not against it.
Bottom line: check your HonestDoor Price today, price your home to the current market, and lean into what Menisa actually offers - genuine affordability in a city where that's getting harder to find.
menisa | 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.