Mill Woods Town Centre, Edmonton - July 2026 Real Estate Report

Mill Woods Town Centre, Edmonton: What's Actually Happening With Home Prices Right Now

If you've been watching the "For Sale" signs around Mill Woods Town Centre and wondering whether your home is worth more or less than last year, here's the straight answer - it depends on what you own. Houses and condos are telling two very different stories right now.

The Vibe: Houses vs. Condos

Let's start with houses. We're in a solid spot. The average HonestDoor Price for a house in Mill Woods Town Centre sits at $320,603, and while that's down a tiny 0.14% from last period, the bigger picture looks better. The predicted market value is $321,045, and that number is climbing - it's up from the 3-month moving average of $318,068. That's the market quietly building momentum.

The growth rank is where it gets interesting for us. Houses here rank 35 out of 302 comparable Edmonton neighbourhoods for growth. That puts Mill Woods Town Centre houses in the top 12% of the city. Not bad for a neighbourhood that doesn't always get the headlines.

• Average HonestDoor Price (Houses): $320,603
• Predicted Market Value: $321,045
• 3-Month Moving Average: $318,068
• Recent Value Change: up 3.15%
• Growth Rank: 35 out of 302 Edmonton neighbourhoods
• Rental Estimate: $1,682 per month
• Rental Yield: 5.94%

Condos are a different conversation. The average HonestDoor Price is $181,596, which is actually 6.77% higher than the average city assessment - meaning the city's number is already behind the curve. That said, the predicted value of $181,931 is slightly dipping below the 3-month moving average of $182,380, and the recent value change sits at -1.34%. The condo market here is taking a breather.

The silver lining? Condos are selling fast. We're talking an average of 17 days on market, which ranks 10 out of 108 Edmonton neighbourhoods. That's a top 10% speed stat. Buyers are still showing up - they're just being a little more careful about price.

• Average HonestDoor Price (Condos): $181,596
• Average Assessed Value (Condos): $170,077
• HonestDoor Price vs. Assessment: 6.77% higher
• Average Sale Price: $142,500
• Average Listing Price: $162,500
• Price Per Square Foot: $192
• Sale-to-List Ratio: 98.46%
• Days on Market: 17 (ranks 10 out of 108 in Edmonton)
• Rental Estimate: $998 per month
• Rental Yield: 4.34%
• Neighbourhood Growth: 0.08% year over year
• Growth Rank: 178 out of 296 Edmonton neighbourhoods

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

Here's the thing most homeowners don't realize. Your city assessment is a snapshot from months ago, built on old sales data and a one-size-fits-all formula. It doesn't know what sold on your street last Tuesday. The HonestDoor Price is updated in real time, pulling from actual current market activity.

For condo owners, this gap is already showing up. The average city assessment is $170,077, but the HonestDoor Price is $181,596. That's a $11,519 difference. If you're making any financial decision - refinancing, selling, even just figuring out your net worth - using the city's number means you're working with stale data.

For house owners, the HonestDoor Price is tracking upward while the assessment cycle hasn't caught up. The real-world check here is that your home is likely worth more than the city says on paper.

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

If you own a house in Mill Woods Town Centre and you're thinking about listing this summer, the timing is not bad. Values are trending up, the 3-month average is rising, and a top-35 growth rank in Edmonton means buyers looking at the data will take this neighbourhood seriously. Nearby areas like Meyokumin and Tawa are priced significantly higher, which means Mill Woods Town Centre still looks like relative value to a buyer doing their homework.

If you own a condo, be realistic about price. The sale-to-list ratio of 98.46% tells us buyers are negotiating, and the average sale price of $142,500 is coming in below the average listing price of $162,500. The good news is that condos are moving in 17 days, so if you price it right from day one, you won't be sitting on the market. Price it too high and you'll be chasing the market down.

Bottom line - check your HonestDoor Price before you do anything else. It's the number that reflects what a buyer would actually pay today, not what a government formula guessed six months ago. That's the number worth knowing.

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.