Meyonohk, Edmonton - October 2026 Real Estate Report
Meyonohk Real Talk: Your Home Is Worth More Than the City Thinks
If you own a home in Meyonohk and you have not checked your HonestDoor Price lately, now is the time. The city's assessment says one thing. The real world says another. And for houses here, that gap is worth real money.
The Vibe: What Is Actually Happening in Meyonohk Right Now
The market here is taking a breather. Sales volumes are down and prices have softened over the past month. But before you panic, here is the full picture split by property type.
Houses: Still Holding Value, But Buyers Have the Edge
If you have been watching the "For Sale" signs in Meyonohk, here is what is actually happening with houses right now.
- Average HonestDoor Price: $377,387
- Average assessed value: $359,829
- That gap - $17,558 - is money the city is not counting
- Average sale price this month: $299,600 (down 11.3% from last month)
- Homes are selling at 97.03% of list price - buyers are negotiating, and winning
- Average days on market: 25
- Only 2 sales this month, down 50% from last month
- Price per square foot: $273
- Estimated rent: $1,940 per month with a rental yield of 5.86%
- Growth rank: 139 out of 285 neighbourhoods in Edmonton - sitting above average on the leaderboard
- Days-on-market rank: 24 out of 116 - that means we sell faster than most of the city
Two sales in a month is a thin sample. Do not read too much into the price drop. The 3-month predicted value of $383,885 tells a more stable story than one slow month does. The rental yield of 5.86% is genuinely strong - if you are holding a house here as an investment, the numbers still work.
Condos: Affordable, Fast-Moving, But Softening
The condo side of Meyonohk is a different story. We are seeing prices dip below assessed value, which is unusual and worth paying attention to.
- Average HonestDoor Price: $190,636
- Average assessed value: $192,940
- HonestDoor Price is 1.19% below assessed value - a rare signal that the market has cooled
- Average sale price this month: $165,000 (down 19.5% from last month)
- Condos are selling at 97.06% of list price
- Average days on market: 28 - but our days-on-market rank is 21 out of 113, meaning we still move units faster than most Edmonton neighbourhoods
- Only 1 condo sold this month
- Price per square foot: $173
- Estimated rent: $1,050 per month with a rental yield of 4.33%
- Growth rank: 217 out of 297 - below average on the Edmonton leaderboard right now
One sale is not a trend. But the direction of travel - prices below assessment, a softening 3-month average of $193,233 - tells us condo sellers need to price sharp right now. The good news is that at $190,636, we are still priced above nearby Tipaskan condos at $152,173, which means Meyonohk holds a real quality edge in this corner of Edmonton.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Notice
Here is the thing about your city assessment. It is calculated once a year using data that is already months old by the time it lands in your mailbox. It does not know what sold on your street last week. It does not adjust for what buyers are actually paying right now.
The HonestDoor Price updates in real time. For Meyonohk house owners, that means your home is being valued at $377,387 on average - roughly $17,558 more than what the city has on file. If you are making any financial decision based on your tax assessment alone, you are working with an outdated number.
Yes, the HonestDoor Price has dipped 0.43% recently for houses and 0.69% for condos. That is the market being honest with you. But it is still a far more current read than a government document printed months ago.
The So What - Should You Sell in Meyonohk This Summer?
Here is the straight answer. If you own a house in Meyonohk and you are thinking about selling this summer, you are not in a bad spot - but you need to be realistic about pricing.
Buyers right now are negotiating. They are paying 97 cents on the dollar. Homes are sitting for about 25 days. That is not a crisis, but it is not a feeding frenzy either. Price your house at $377,000 and you are in the conversation. Price it at $420,000 hoping for a bidding war and you will be sitting on it.
For condo owners, the math is tighter. With only 1 sale last month and prices running below assessed value, this is a market where you need to be competitive from day one. Overpricing a condo in this environment means watching it go stale while buyers shop Satoo at $229,857 or Ekota at $205,399 instead.
The rental numbers offer a real alternative if selling does not feel right. A house renting at $1,940 per month with a 5.86% yield is a solid hold. A condo at $1,050 per month is moderate but steady. If you are not in a rush, holding and renting is a legitimate play while the market finds its footing.
- 828 houses assessed in Meyonohk this year
- 43 house transactions recorded in 2026
- 275 condos assessed this year
- 20 condo transactions recorded in 2026
- Neighbourhood growth: 0.11% year over year for houses, 0.13% for condos
- Nearby comparison - Satoo houses at $480,586 show what the ceiling looks like just next door
Bottom line - Meyonohk is a solid, affordable neighbourhood with faster-than-average days on market and real rental upside. The city's assessment is not lying to you, it is just behind. Check your HonestDoor Price, know your real number, and make your move with eyes open.
meyonohk | 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.