Montrose, Edmonton - August 2026 Real Estate Report

Montrose, Edmonton: Your Home Is Worth More Than The City Thinks

If you own a place in Montrose and you have not looked at your HonestDoor Price lately, here is the short version - the city says your home is worth one thing, and the real market says something different. Spoiler: the market is higher.

The Vibe: What Is Actually Happening in Montrose Right Now

Montrose is a neighbourhood that does not make a lot of noise, but the numbers are worth paying attention to. We have 1,078 properties assessed here, 55 house transactions recorded in 2026, and a market that is holding its own against some pricier neighbours. Here is the breakdown by property type.

Houses - Taking a Breather, But Not Broken

The average sale price for houses this month came in at $283,000, which is down 19.5% from last month. That sounds alarming, but keep this in mind - we are talking about a market where only 1 house sold this month. One sale can swing a monthly average hard. The listing average is sitting at $290,000, and homes are selling at 97.59% of list price, meaning buyers are getting a small discount but sellers are not giving the house away.

• Average sale price: $283,000
• Average list price: $290,000
• Sale-to-list ratio: 97.59%
• Price per square foot: $213
• Average days on market: 35
• HonestDoor predicted value: $331,161
• 3-month moving average: $330,472 (values are climbing)
• Estimated monthly rent: $1,721
• Rental yield: 5.94%
• Growth rank: 146 out of 292 Edmonton neighbourhoods
• Days-on-market rank: 33 out of 108 (moderately fast-selling)
• Price rank: 256 out of 285 (one of Edmonton's most affordable)

That 5.94% rental yield is the number landlords should be circling. For a house generating $1,721 a month in rent, that is a strong return in today's market. And the predicted value of $331,161 is trending up from the 3-month average of $330,472 - slow and steady, but moving in the right direction.

Condos - Affordable Entry Point, But Patience Required

The condo side of Montrose is a different story. We had 1 condo sell this year, at $131,500, which was 94% of the list price of $139,900. The big flag here is days on market - 205 days. That is a long time, and it ranks 103 out of 111 Edmonton neighbourhoods for condo selling speed. If you own a condo here and need to move it, price it sharp from day one.

• Average sale price: $131,500
• Average list price: $139,900
• Sale-to-list ratio: 94.00%
• Price per square foot: $193
• Average days on market: 205
• HonestDoor predicted value: $158,382
• 3-month moving average: $158,162 (values edging up)
• Estimated monthly rent: $856
• Rental yield: 4.30%
• Growth rank: 121 out of 302 Edmonton neighbourhoods
• Days-on-market rank: 103 out of 111 (very slow-selling)
• Price rank: 189 out of 218 (among Edmonton's most affordable)

The HonestDoor Price of $158,382 is notably higher than the recent sale at $131,500. That gap is worth watching. It either means the market has room to recover, or that one sale was an outlier. Either way, the 3-month predicted value is inching up, which is a decent sign.

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

Here is the thing about your city assessment. It is a snapshot taken months ago, using data that is even older than that. It does not know what sold on your street last week. It does not adjust for the renovation you did, or the fact that buyer demand shifted since the assessment was locked in.

The average assessed value in Montrose is $308,703. The average HonestDoor Price is $331,318. That is a $22,615 gap - and the HonestDoor Price is 7.33% higher than the Edmonton average assessed value. For houses specifically, the HonestDoor predicted value sits at $331,161, up from the 3-month moving average of $330,472. That is a real-time number, not a government filing from last year.

If you are making any financial decision tied to your home - refinancing, selling, even just knowing your net worth - the HonestDoor Price is the number that reflects what is actually happening in the market right now.

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

For house owners, here is the honest read. Montrose ranks 256 out of 285 Edmonton neighbourhoods on price, which puts us firmly in the affordable camp. That is actually a selling point right now - buyers who have been priced out of Bellevue ($349,230 predicted for houses) and Newton ($379,682 HonestDoor Price) are looking at neighbourhoods exactly like ours.

Nearby, Bellevue is growing at 0.02% and Newton at 0.09%. Montrose is at 0.10% year over year, which means we are outpacing both of those neighbours on growth. On the neighbourhood leaderboard, that puts us at rank 146 out of 292 - above average in Edmonton. Not the fastest horse in the race, but not standing still either.

If you are a house seller thinking about this summer, the 35-day average days on market tells you buyers are out there - just not in a frenzy. Price it right, and you move it in about a month. Price it high hoping for a bidding war, and you are waiting. The 97.59% sale-to-list ratio says buyers will negotiate, so leave a little room but do not overshoot.

For condo owners, be realistic. The 205-day average is the market telling you something. A sharp list price from day one beats a price cut after 90 days of silence every single time.

Bottom line - Montrose is not the flashiest neighbourhood in Edmonton, but it is holding value, beating its neighbours on growth, and offering some of the best rental yields in the city for houses. Check your HonestDoor Price before you make any moves. It is the most current number you have got.

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.