Michaels Park, Edmonton - September 2026 Real Estate Report

Michaels Park, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a place in Michaels Park and you have not checked your HonestDoor Price lately, you are probably leaving money on the table. The city's assessment is one number. The real world is another. Right now, those two numbers are not the same - and the gap is in your favour.

The Vibe: What Is Actually Happening in Our Neighbourhood

Michaels Park is a steady, mid-range Edmonton neighbourhood with 626 assessed properties and 28 transactions logged in 2026. We are not the flashiest block on the map, but we are not standing still either. Growth sits at 0.07% year over year, and our house prices are punching above average on the Edmonton leaderboard. Here is how houses and condos are each telling a different story right now.

Houses: Prices Are Moving, But Volume Is Thin

If you have been watching the "For Sale" signs on the house side of Michaels Park, here is what is actually happening. One house sold recently at an average of $620,000 - that is up 26.5% from last month. Before you get too excited, one sale does not make a trend. But the direction is hard to ignore.

• Average sale price: $620,000 (up 26.5% from last month)
• Average list price: $625,000
• Price per square foot: $490
• Sale-to-list ratio: 99.20% - buyers paid just under asking
• Average days on market: 23 days
• HonestDoor predicted value: $410,372
• 3-month moving average: $405,627 - values are trending up
• Estimated rent: $2,070 per month
• Rental yield: 5.80% - that is a strong return
• Growth rank: 60 out of 291 Edmonton neighbourhoods - top tier
• Days-on-market rank: 22 out of 112 - houses here sell fast
• Price rank: 113 out of 285 - above average for Edmonton

Houses are sitting on the market for 23 days, which is on par with Tweddle Place but slower than Lee Ridge at 13 days. The market is not ice cold, but it is taking a breather compared to some neighbours. That 5.80% rental yield is the real headline for anyone thinking about holding rather than selling.

Condos: Affordable Entry Point, But Patience Required

The condo side of Michaels Park is a different conversation. We are talking about one of the most affordable condo options in Edmonton, and that cuts both ways.

• Average sale price: $129,900
• Average list price: $129,999
• Price per square foot: $145
• Sale-to-list ratio: 99.92% - almost exactly asking price
• Average days on market: 159 days - these take time to move
• HonestDoor predicted value: $201,714
• 3-month moving average: $207,824 - values are dipping slightly
• Estimated rent: $1,089 per month
• Rental yield: 4.28% - moderate, not spectacular
• Recent value change: -3.94%
• Growth rank: 235 out of 302 - below average right now
• Days-on-market rank: 98 out of 112 - slow movers in Edmonton
• Price rank: 196 out of 216 - among the most affordable in the city

Condos here are sitting for an average of 159 days. That is a long time. If you are a condo owner thinking about selling, you need to price sharp and be patient. The HonestDoor Price for condos is up 2.82% from the previous period though, which means the longer-term picture is not all bad.

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

Here is the thing about the city's assessed value - it is a snapshot from months ago, built on a formula that does not know what your renovated kitchen looks like or what sold two streets over last week. It is a static number in a moving market.

The HonestDoor Price updates in real time using actual transaction data. For houses in Michaels Park, the average HonestDoor Price is $400,514 - that is 6.31% higher than the average city assessment of $376,740. For condos, the HonestDoor Price of $207,406 sits 7.11% above the average assessed value of $193,637. That gap is not a rounding error. On a house, that is roughly a $23,774 difference. On a condo, it is about $13,769.

If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the real-world check. The assessment is what the city uses. The HonestDoor Price is what the market is actually saying.

The "So What?" - Should You Sell in Michaels Park This Summer?

If you own a house here, the timing argument is reasonable. Prices are trending up, the predicted value of $410,372 is climbing past the 3-month average, and we rank 60th out of 291 Edmonton neighbourhoods for growth. That is a top-tier leaderboard position. Houses are selling in 23 days on average, which means serious buyers are out there.

The catch is volume. One sale per month is thin. You need the right buyer, not just any buyer. Price it close to the HonestDoor Price, not the city assessment, and you are starting the conversation in the right place.

If you own a condo here, summer 2025 is a tougher sell. Values have dipped 3.94% recently, days on market are sitting at 159, and the growth rank of 235 out of 302 tells you this segment is cooling. That does not mean do not sell - it means go in with realistic expectations and a sharp price. The good news is that at $129,900, you are competing in a price range that first-time buyers and investors can actually afford, especially with rents at $1,089 per month.

Bottom line for Michaels Park: houses have momentum, condos need patience. Either way, check your HonestDoor Price before you do anything else. It is the number that actually reflects today's market - not last year's paperwork.

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.