Michaels Park, Edmonton - October 2026 Real Estate Report
Michaels Park, Edmonton: Your Home Is Worth More Than the City Thinks
If you have been glancing at your latest city assessment and wondering if that number is actually what your place is worth - it is not. The average assessed value in Michaels Park sits at $376,740 for houses and $193,637 for condos. But the real-world numbers tell a different story, and that gap matters for your wallet.
The Vibe: What Is Actually Happening on Our Streets
Let us break it down by property type, because houses and condos are telling two very different stories right now.
Houses - Steady, But Taking a Breather
The house market in Michaels Park is stable. That is the honest read. Here is the snapshot:
- Average sale price: $620,000 - essentially flat from last month
- Active listings averaging: $625,000
- Price per square foot: $490
- Homes are selling at 99.20% of list price - buyers are getting a small discount, but sellers are not giving much away
- Average days on market: 23 days
- Properties sold in 2026 so far: 32 transactions across 626 assessed properties
- Estimated rent: $2,019 per month with a rental yield of 5.81% - that is a strong return
- Neighbourhood growth: 0.07% year over year
Twenty-three days on market is fast. We rank 22nd out of 116 Edmonton neighbourhoods for speed of sale - that puts us in very fast-selling territory. The catch is that our growth rate ranks 174th out of 285 comparable neighbourhoods. We are not leading the pack on appreciation right now. The predicted house value of $400,514 is also dipping slightly below the 3-month moving average of $405,005, and recent values have shifted -2.40%. The market is not falling - it is just catching its breath.
For context, our neighbours in Lee Ridge are moving homes in 13 days on average. That gap is worth watching if you are thinking about listing.
Condos - The Quiet Outperformer
Here is the part of the Michaels Park story that does not get enough attention. Our condos are actually growing. Check the numbers:
- Average sale price: $129,900 - stable
- Active listings averaging: $129,999
- Price per square foot: $145
- Properties sold at 99.92% of list price - almost full ask
- Average days on market: 159 days - condos are sitting longer, so patience is required
- Transactions in 2026: 11 sales across 204 assessed condos
- Estimated rent: $1,168 per month with a rental yield of 4.27%
- Neighbourhood growth: 0.14% year over year
That 159-day average is the honest challenge for condo sellers right now. We rank 95th out of 113 Edmonton neighbourhoods for condo selling speed - near the bottom. But here is the flip side: condo values have grown 2.82% recently, and our growth rank is 47th out of 297 neighbourhoods. That puts Michaels Park condos among the top performers in Edmonton for appreciation. The predicted condo value of $207,406 is also trending up past the 3-month moving average of $206,367. Slow to sell, but gaining in value - that is a different kind of win.
The Secret Sauce: Why You Should Check Your HonestDoor Price Today
Your city assessment is a snapshot from the past. It does not update in real time, and it does not reflect what a buyer would actually pay for your home today. That gap between the assessed value and the HonestDoor Price is real money.
For houses in Michaels Park, the average HonestDoor Price is $397,551 - that is 5.52% higher than the city's average assessed value. For condos, the HonestDoor Price of $217,782 runs 12.47% above the assessed figure of $193,637. The condo HonestDoor Price has also jumped 5.00% from the previous period.
Think of the HonestDoor Price as your real-world check. It pulls in current sales data, market movement, and comparable properties to give you a live estimate - not a number that was calculated months ago and mailed to you in an envelope. If you are making any financial decision tied to your home's value, start with the HonestDoor Price, not the assessment.
The "So What?" - Should You Sell This Summer?
Here is the straight talk for anyone thinking about listing in Michaels Park this summer.
If you own a house, the conditions are reasonable but not electric. Homes are moving in 23 days, buyers are paying close to full ask, and the rental yield of 5.81% means holding the property as an investment is genuinely attractive too. The slight dip in predicted values (-2.40% recently) is worth noting - if you are planning to sell, sooner is probably better than waiting to see if that trend continues. Price it right from day one. At 99.20% of list price, there is not much room for an aggressive opening number.
If you own a condo, the story is about patience and positioning. Values are growing and the HonestDoor Price is up 5.00%. But 159 days on market is a real commitment. If you need a quick sale, price aggressively. If you can wait, the growth trend is working in your favour. Nearby Lee Ridge condos are sitting at $216,714 in predicted value - slightly above our $207,406 - so knowing how we compare helps you price competitively.
Either way, the first move is simple: pull up your HonestDoor Price at honestdoor.com and see where your specific property actually stands today. The city's number is a starting point. The HonestDoor Price is the real conversation.
michaels park | 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.