Mill Creek Ravine South, Edmonton - September 2026 Real Estate Report

Mill Creek Ravine South, Edmonton: Prices Are Dipping - Here Is What Your Home Is Actually Worth Right Now

The Vibe: What Is Happening on Our Streets

If you have been watching the "For Sale" signs in Mill Creek Ravine South lately, here is the honest picture. The market is taking a breather. Values are down, but this neighbourhood still has real income potential - and that matters a lot depending on what you are planning to do next.

The short version: houses are holding more value than condos, rental demand looks solid, and your city assessment is almost certainly not telling you the full story.

Houses: The Numbers

The average HonestDoor Price for a house in Mill Creek Ravine South sits at $518,193. That is down 4.91% from the previous period. The predicted market value is $544,950, which is also edging down from a 3-month moving average of $545,138. So the trend is clear - we are in a soft patch, not a freefall.

On the neighbourhood leaderboard, houses here rank 228 out of 291 in Edmonton for growth. That puts us in the below-average tier right now. It is not a crisis, but it is not a bragging stat either.

Here is the good news for landlords or anyone thinking about renting: estimated rent comes in at $2,629 per month with a rental yield of 5.52%. That is a strong return. If you are not selling, holding and renting is a genuinely decent play in this market.

• Average HonestDoor Price: $518,193
• Recent price change: -4.91%
• Predicted market value: $544,950
• Estimated monthly rent: $2,629
• Rental yield: 5.52% - strong
• Airbnb estimate: $126 per night
• Growth rank: 228 out of 291 in Edmonton

How do we compare to the neighbours? Avonmore houses are priced around $497,774 - cheaper than us. Argyll sits at $537,708 and Hazeldean at $561,815 - both a step above. We are right in the middle of the pack on price.

Condos: A Tougher Story

Condos in Mill Creek Ravine South are a different conversation. The average HonestDoor Price is $176,546, down 1.21% recently. The predicted market value is $178,716, slipping from a 3-month average of $180,493. The direction is the same as houses - downward - but the drop is smaller.

On the leaderboard, condos rank 162 out of 302 in Edmonton for growth. Below average, but not at the bottom. The rental yield here is 4.35% - moderate, not spectacular. Estimated rent is $982 per month.

• Average HonestDoor Price: $176,546
• Recent price change: -1.21%
• Predicted market value: $178,716
• Estimated monthly rent: $982
• Rental yield: 4.35% - moderate
• Airbnb estimate: $49 per night
• Growth rank: 162 out of 302 in Edmonton

One thing worth noting: nearby condos in Avonmore ($354,618), Argyll ($318,500), and Hazeldean ($276,437) are all priced significantly higher. If you own a condo here and are wondering why the gap exists, that is a conversation worth having with a local agent - and a good reason to check your HonestDoor Price today.

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

Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know that prices in Mill Creek Ravine South have shifted by nearly 5% on the house side. It does not update in real time. It is essentially a rearview mirror.

The HonestDoor Price is a live estimate. It pulls current market signals and gives you a real-world check on what your property is worth today - not what it was worth when the city last looked at it. If you are making any financial decision - refinancing, selling, even just curious - the HonestDoor Price is the number to start with, not the assessment notice sitting in your kitchen drawer.

With house values sitting around $518,193 to $544,950 depending on the model, there is already a meaningful range to understand. Knowing where you land in that range is the difference between pricing your home right and leaving money on the table - or sitting unsold for weeks.

The "So What?" - Thinking About Selling This Summer?

If you are a house owner in Mill Creek Ravine South and thinking about listing this summer, here is the straight talk: the market is softer than it was. A nearly 5% dip is real. Buyers know it too.

That does not mean do not sell. It means price it sharp from day one. Overpriced listings in a cooling market sit. Sitting listings get lowball offers. The sellers who win this summer will be the ones who come in priced at what the market actually says - not what they hoped it would say.

The 5.52% rental yield on houses is a genuine alternative worth considering. If your timeline is flexible, holding and renting while the market finds its footing is not a bad move.

For condo owners, the gap between your value and nearby neighbourhoods is worth understanding before you list. Check your HonestDoor Price, compare it to Avonmore and Argyll, and talk to someone who knows this pocket of Edmonton well.

Bottom line: do not guess what your home is worth right now. Check your HonestDoor Price at HonestDoor.com - it is free, it is current, and it is the most honest number you will find before you make your next move.

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.