Meyokumin, Edmonton - July 2026 Real Estate Report

Meyokumin Real Talk: Your House Is Worth Way More Than the City Thinks

If you have been glancing at your property tax notice and wondering if the numbers add up, here is the short answer: they do not. The city's assessment on houses in Meyokumin is sitting at an average of $389,419. The average HonestDoor Price? $626,843. That is a gap of nearly 61%. For condos, the story flips a little - but it is still worth paying attention. Let's break it all down.

The Vibe: Houses vs. Condos in Meyokumin Right Now

Houses - We Are in Sellers' Territory

If you own a house here, the market is working in your favour right now. The average sale price hit $470,037 this month, up 3.9% from last month. Buyers are not just meeting the asking price - they are beating it. Properties are selling at 102.27% of list price on average. That means homes are going for more than what sellers are asking. That is not a typo.

• Average sale price: $470,037 (up 3.9% month over month)
• Average list price this month: $440,000
• Price per square foot: $378
• Average days on market: 19 days
• Properties sold this month: 3 (up 50% from last month)
• Sale-to-list ratio: 102.27% - buyers are paying above asking
• HonestDoor predicted value: $628,462
• Estimated monthly rent: $2,692
• Rental yield: 5.64%

Days on market rank is 18 out of 103 neighbourhoods in Edmonton. That puts us near the very top of the fast-selling leaderboard. Houses here move. The 19-day average is slightly longer than nearby Mill Woods Town Centre at 17 days, so the market is not quite as frenzied as it was - but with buyers still paying over asking, we are not complaining.

On the neighbourhood leaderboard, house growth ranks 196 out of 302 Edmonton neighbourhoods. Below average for growth, yes - but the sale-to-list ratio and rising prices tell a more interesting story than that ranking suggests. Price rank sits at 181 out of 285, which is also below average, meaning there is still room to run compared to pricier pockets of the city.

Condos - Taking a Breather

The condo side of Meyokumin is a different conversation. The average sale price came in at $213,500 this month, down 9.1% from last month. Buyers paid only 91.41% of list price on average - meaning sellers are accepting discounts. Two condos sold this month, and they sat on the market for 20 days on average.

• Average sale price: $213,500 (down 9.1% month over month)
• Average list price this month: $219,900
• Price per square foot: $171
• Average days on market: 20 days
• Sale-to-list ratio: 91.41% - buyers are getting discounts
• HonestDoor predicted value: $206,322
• Estimated monthly rent: $1,128
• Rental yield: 4.32%
• Average assessed value: $216,528

Here is an interesting wrinkle for condo owners: the city's assessed value of $216,528 is actually higher than the HonestDoor Price of $206,807. That is a rare situation where the assessment may be overstating what the market will actually pay right now. Worth knowing if you are thinking about challenging your assessment.

The silver lining? On the neighbourhood leaderboard, condo growth ranks 82 out of 296 Edmonton neighbourhoods. That puts Meyokumin condos in the above-average tier for growth. And our condos are priced higher than nearby Mill Woods Town Centre ($181,931 predicted) and Sakaw ($191,905 predicted), which signals we hold our value well against the competition.

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

Here is the thing about city assessments - they are a snapshot from the past. The city looks at sale data from a specific reference date, runs it through a formula, and mails you a number. By the time it lands in your mailbox, the market has already moved on.

The HonestDoor Price updates in real time. For houses in Meyokumin, the average HonestDoor Price is $626,843 - that is 60.97% higher than the average city assessment of $389,419. If you are making any financial decision based on that tax notice alone - whether it is refinancing, selling, or just understanding your net worth - you are working with an outdated number.

For condo owners, the HonestDoor Price of $206,807 is actually 4.49% below the city's assessed value of $216,528. That is useful information too. It means the city may be valuing your unit higher than what buyers are currently willing to pay. That is a data point worth having in your back pocket.

Think of the HonestDoor Price as the real-world check - what your property is actually worth in today's market, not last year's.

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

If you own a house in Meyokumin and you have been sitting on the fence about selling, the conditions right now are about as good as it gets. Buyers are paying over asking. Prices are up month over month. The HonestDoor predicted value of $628,462 is ticking higher than the 3-month moving average of $626,363. The trend is pointing up, not down.

There were 20 house transactions in Meyokumin in 2026 across 735 assessed properties. That is a relatively tight pool of sales, which means when a well-priced home hits the market, it gets attention fast. Nineteen days to sell is not a long wait.

For condo owners, summer 2025 calls for a bit more patience. The market is softer right now - prices dipped, and buyers are negotiating. That said, the growth rank of 82 out of 296 suggests the fundamentals are solid. If you do not need to sell immediately, waiting for the market to find its footing could make sense. If you do need to move, pricing sharp from day one is the play - the 91.41% sale-to-list ratio tells you that overpriced listings are sitting.

Either way, the first step is knowing what your property is actually worth today. Check your HonestDoor Price before you do anything else. It is free, it is current, and it is a much better starting point than whatever number the city sent you in the mail.

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.