Meyokumin, Edmonton - September 2026 Real Estate Report

Meyokumin Real Talk: Your City Assessment Is Leaving Money on the Table

If you own a house in Meyokumin and you're still looking at your city assessment to figure out what your place is worth, stop. That number is not telling you the full story - and the gap between what the city thinks your home is worth and what buyers are actually paying is significant.

The Vibe: What's Happening Right Now in Meyokumin

Houses - Steady Demand, Solid Prices

We're seeing houses hold their ground here. The average sale price is sitting at $388,900, up 3.2% from last month. Six homes sold this month, and they moved in an average of 57 days - which is actually faster than nearby Mill Woods Town Centre at 60 days. That tells us buyers are choosing Meyokumin over some of its neighbours when they're shopping this part of the city.

• Average sale price: $388,900 (up 3.2% from last month)
• Average list price this month: $384,950
• Price per square foot: $342
• Homes sold for 95.88% of list price on average
• Average days on market: 57
• Properties sold this month: 6
• Estimated monthly rent: $2,686
• Rental yield: 5.64%

The predicted market value for houses here is $624,504. That is a strong number. It has dipped slightly from the 3-month moving average of $626,603, so the market is taking a small breather - but nothing alarming. A 5.64% rental yield is genuinely solid for Edmonton, meaning if you are holding a house here as an investment, it is pulling its weight.

Condos - Fast Movers, But Watch the Price Trend

The condo story is a bit more nuanced. Only one condo sold this month - down 50% from last month - and the average sale price came in at $201,000, which is down 5.9% from the previous month. Buyers paid just 91.41% of list price on average, which means there is room to negotiate if you are buying. If you are selling, pricing sharp matters right now.

• Average sale price: $201,000 (down 5.9% from last month)
• Average list price this month: $219,900
• Price per square foot: $161
• Condos sold for 91.41% of list price on average
• Average days on market: 20
• Properties sold this month: 1
• Estimated monthly rent: $1,147
• Rental yield: 4.31%

Here is the bright spot for condo owners though. The predicted market value is $209,856, and that number is actually climbing - it is up from the 3-month moving average of $207,661. Condo growth here ranks 55 out of 302 Edmonton neighbourhoods. That puts Meyokumin condos in the top performers category on the neighbourhood leaderboard. And condos are selling in just 20 days, which ranks 15th out of 112 comparable areas. That is very fast. When a condo is priced right here, it does not sit.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about your city assessment. It is calculated once a year using data that can be 12 to 18 months old by the time it lands in your mailbox. It is a tax tool, not a market tool. For houses in Meyokumin, the average city assessment is $389,419. The average HonestDoor Price is $614,019. That is a difference of 57.68%. If you are making any financial decision - refinancing, selling, even just understanding your net worth - using the city number means you are working with an incomplete picture.

For condos, the gap actually flips. The average city assessment is $216,528, but the HonestDoor Price is $209,624 - about 3.19% lower. That matters too. It means the city may be slightly overvaluing condos here relative to what the real-world market is showing. The HonestDoor Price updates in real time using actual transaction data, so it reflects what is happening on the ground today, not what was happening last year.

The 'So What?': Thinking About Selling This Summer?

For house sellers, the timing is reasonable. Demand is outpacing some nearby neighbourhoods, prices ticked up last month, and your real-world value is dramatically higher than what your assessment suggests. With 28 total property transactions recorded in Meyokumin in 2026 and 735 properties assessed, there is a healthy pool of comparable sales to support a strong listing price. Meyokumin ranks 71st in Edmonton for total transaction volume - that is meaningful activity for a neighbourhood this size.

For condo sellers, the picture is more nuanced. The predicted value is trending up, and condos here sell fast when priced correctly - 20 days on market is a real advantage. But with only one sale this month and prices dipping, you need to be precise with your list price. Overpricing right now will cost you time and negotiating leverage.

Bottom line for both: do not walk into a listing conversation armed only with your city assessment. Pull your HonestDoor Price first. It is the real-world check that shows you where the market actually sits today - not where it was when the city last looked.

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.