Montrose, Edmonton - July 2026 Real Estate Report

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

If you own a home in Montrose and you have not checked your HonestDoor Price lately, you are probably leaving money on the table. The city's assessment says your house is worth around $308,951. The real world disagrees - by about $22,000.

The Vibe: What Is Actually Happening in Montrose Right Now

Let's break it down by property type, because houses and condos are telling two very different stories here.

Houses - A Breather, Not a Bust

The average sale price for a house in Montrose came in at $351,425 this month - down 7.7% from last month. That sounds alarming, but context matters. Eight homes sold, which is actually up 14.3% from the month before. More activity, slightly softer prices. That is a market taking a breather, not falling apart.

• Average sale price: $351,425 (down 7.7% month over month)
• Average list price this month: $307,700
• Price per square foot: $502
• Homes sold for 97.88% of list price on average - buyers are getting a small discount, but sellers are still close to asking
• Average days on market: 41 days
• Homes sold this period: 8 (up 14.3%)
• Predicted market value: $328,603
• Rental yield: 5.94% - that is a strong return if you are thinking about holding the property
• Estimated monthly rent: $1,709

Days-on-market rank is 39 out of 103 Edmonton neighbourhoods. That means we are in the faster half of the city when it comes to moving properties. Homes are not sitting forever here.

On the neighbourhood leaderboard, Montrose houses rank 230 out of 302 for growth. That puts us in the below-average tier for price appreciation right now. But here is the flip side - we also rank 245 out of 285 for price, meaning Montrose is one of the most affordable entry points in Edmonton. For buyers, that is the whole pitch.

Condos - Slow and Steady, With a Catch

The condo market in Montrose is a different animal. One unit sold this period at $131,500, which is 94% of the list price. The average listing is sitting at $139,900. That gap between asking and selling tells you buyers have the upper hand here.

• Average sale price: $131,500
• Average list price: $139,900
• Price per square foot: $193
• Sold for 94% of list price - buyers are negotiating real discounts
• Average days on market: 205 days - that is a long time
• Predicted market value: $157,011
• Estimated monthly rent: $852
• Rental yield: 4.31% - moderate, but not a home run

The days-on-market rank for condos is 100 out of 108 Edmonton neighbourhoods. That is near the bottom. Condos in Montrose are slow sellers right now, and anyone listing one needs to price it sharply from day one.

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 from months ago, built on a formula that does not know what your renovated kitchen looks like or what your neighbour's house just sold for last week.

The HonestDoor Price updates in real time. Right now, it is telling a better story for Montrose homeowners than the city is.

• Average city assessment for houses: $308,951
• Average HonestDoor Price for houses: $331,438 - that is 7.28% higher than the city's number
• HonestDoor Price has increased 0.86% from the previous period
• Average HonestDoor Price for condos: $158,382 - up 0.87% from the previous period

That $22,000 gap between the city's assessment and the HonestDoor Price for houses is not a rounding error. It is the difference between underpricing your home and walking away with what it is actually worth. If you are using your tax notice as a pricing anchor, you are starting from the wrong number.

The So What: Should You Sell in Montrose This Summer?

If you own a house in Montrose and you are thinking about selling, here is the honest read.

The market is softer than it was a month ago on price, but buyer activity is picking up. Eight sales in a period, homes moving in 41 days on average, and a sell-to-list ratio of nearly 98% - that is not a bad environment to list in. You are not going to get a bidding war frenzy, but you are also not going to be sitting on the market for six months.

The key is pricing right from the start. List too high and you drift toward that 41-day average. Price it sharp and you could beat it. Your HonestDoor Price of $331,438 is your real-world anchor - not the city's $308,951.

Compared to nearby neighbourhoods, Montrose is more affordable than Bellevue (HonestDoor Price $421,814) and Newton ($378,498). That affordability is your selling point to buyers who have been priced out of those areas. Lean into it.

If you own a condo, the honest advice is tougher. With 205 average days on market and buyers paying only 94 cents on the dollar, you need to be realistic about price and patient about timing. Summer foot traffic helps, but it is not going to fix an overpriced listing.

• Total transactions in Montrose in 2026: 51 - ranking 32nd in Edmonton for activity
• 1,079 properties assessed this year
• Neighbourhood growth: 0.10% year over year
• Airbnb potential for houses: $85 per night

Bottom line - Montrose is an affordable, active neighbourhood with a real estate market that is catching its breath. Check your HonestDoor Price, price your home honestly, and you have a real shot at a solid sale this summer.

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.