Meyokumin, Edmonton - October 2026 Real Estate Report
Meyokumin Real Talk: Your Home 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? $605,934. That is a gap of over 55%. For condos, the story flips slightly - the city actually overestimates there - but we will get into that. Either way, if you are making any real estate decision based on your assessment alone, you are working with the wrong map.
The Vibe: What Is Actually Happening on Our Streets
Houses - Strong Demand, But Take a Breath
If you have been watching the "For Sale" signs in Meyokumin lately, here is what is actually happening with houses. The average sale price jumped to $431,385 - up 10.9% from last month. That is a real number, and it turns heads. But before we get too excited, only 5 homes sold this period, which is down 16.7% from the month before. Fewer sales with higher prices usually means the pool of buyers is getting more selective, not that demand is exploding.
- Average sale price: $431,385 (up 10.9% month over month)
- Homes sold: 5
- Average days on market: 57 days
- Price per square foot: $373
- Sold-to-list ratio: 95.88% - buyers are negotiating below asking
- HonestDoor predicted value: $614,019
- Estimated monthly rent: $2,645 with a rental yield of 5.66%
That 57-day average is worth noting. Homes are not flying off the shelf here. Buyers have room to negotiate, and the data backs that up - properties are closing at about 4% below list price on average. The predicted market value of $614,019 is also dipping slightly against the 3-month moving average of $621,789, so we are taking a small breather on the growth side. On the neighbourhood leaderboard, Meyokumin houses rank 121 out of 285 Edmonton neighbourhoods for growth - solidly above average, just not leading the pack.
Condos - Fast Movers, But Watch the Price Trend
The condo side of Meyokumin tells a different story. Only 1 condo sold this period, so we are working with a thin slice of data - keep that in mind. But what stands out is speed: condos here are averaging just 20 days on market. That beats nearby Sakaw (25 days) and Mill Woods Town Centre (25 days). When something sells that fast, it usually means buyers are ready to move.
- Average sale price: $190,000 (down 5.5% from last month)
- Average days on market: 20 days
- Price per square foot: $175
- Sold-to-list ratio: 91.41% - buyers are getting meaningful discounts
- HonestDoor predicted value: $209,624
- Estimated monthly rent: $1,145 with a rental yield of 4.31%
The sale price came in at $190,000, which is below the current average listing of $219,900 and below the HonestDoor predicted value of $209,624. That gap between what sellers are asking and what buyers are paying is something to watch. On the leaderboard, condo growth ranks 134 out of 297 Edmonton neighbourhoods - above average. And for days-on-market speed, we rank 13 out of 113. That is genuinely fast. Condos here move quicker than almost anywhere else in the city.
The Secret Sauce: Why Your HonestDoor Price Matters Right Now
Here is the thing about your city assessment - it is a snapshot taken months ago, processed through a formula that does not know your renovated kitchen or your finished basement. It is a bureaucratic estimate, not a market price. The HonestDoor Price updates in real time using actual transaction data, current listings, and neighbourhood trends.
For Meyokumin house owners, that difference is not small. The city says your home averages $389,419. HonestDoor says $605,934. That is over $216,000 in value the assessment is not capturing. If you are thinking about refinancing, selling, or even just understanding your net worth, using the assessment number is like navigating with an old paper map when GPS exists.
For condo owners, the situation is actually reversed - the city's average assessment of $216,528 is running higher than the HonestDoor Price of $204,860. That means the city may be overvaluing your unit, which could affect your tax bill. Either way, knowing the real number puts you in control.
The So What: Thinking About Selling This Summer?
If selling is on your mind, here is the honest breakdown for Meyokumin right now.
For house sellers, the conditions are mixed but workable. Prices are up month over month, and your HonestDoor predicted value of $614,019 gives you a strong anchor for pricing conversations with your agent. The catch is that buyers are taking their time - 57 days on market is not a panic-buy environment. Price it right from day one. Homes that sit too long start to feel stale, and that 95.88% sold-to-list ratio tells us buyers are already pushing back on anything that feels overpriced.
For condo sellers, the speed is on your side - 20-day average sales are genuinely impressive. But the gap between list prices and sale prices (91.41% ratio) means buyers are negotiating hard. Coming in with a sharp, realistic price rather than testing the ceiling will likely get you a faster, cleaner deal.
Either way, do not walk into a listing conversation armed only with your tax assessment. Pull your HonestDoor Price first. It is the real-world check that tells you what the market actually thinks your home is worth today - not what a government formula calculated last year.
- Meyokumin houses - neighbourhood growth rank: 121 out of 285 in Edmonton (above average)
- Meyokumin condos - days-on-market rank: 13 out of 113 in Edmonton (near the top)
- Total house transactions in 2026: 32
- Total condo transactions in 2026: 11
- Properties assessed this year: 735 houses, 198 condos
Meyokumin is not the flashiest neighbourhood on the Edmonton leaderboard, but it is steady, it is above average, and for the right buyer or seller, the numbers make a real case. Know your real price before you make your next move.
meyokumin | 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.