Montrose, Edmonton - October 2026 Real Estate Report
Montrose, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks
If you own a home in Montrose and you're still looking at your city assessment to figure out what your place is worth, you're leaving money on the table. The average assessed value here sits at $308,703 - but the average HonestDoor Price is $323,943. That's nearly $15,000 more than what the city has on file. Real money. Real difference.
The Vibe: What's Actually Happening in Montrose Right Now
Let's be straight with each other. Montrose is taking a breather. The HonestDoor Price has dipped 1.31% from the previous period, and the month-to-month sale numbers back that up. But "cooling" doesn't mean "crashing." Here's how houses and condos are each telling their own story.
Houses - Fast Off the Shelf, But Prices Are Softening
If you've been watching the "For Sale" signs in Montrose, here's what's actually happening with houses. They're selling fast - we're talking an average of 19 days on market, which ranks 18th out of 116 Edmonton neighbourhoods. That's a top-tier speed stat. Buyers are showing up. The problem is the price they're willing to pay has come down.
- Average sale price this month: $237,500 - down 24.2% from last month
- Average list price this month: $284,667
- Homes are selling at 99.57% of list price - so almost full ask, but list prices themselves have dropped
- Price per square foot: $249
- Predicted market value: $328,237
- 3-month moving average: $330,239 - values are trending slightly down
- Days on market rank: 18 out of 116 - very fast-selling
- Price rank: 273 out of 285 - among the most affordable in Edmonton
- Growth rank: 76 out of 285 - above average on the neighbourhood leaderboard
The rental story for houses is genuinely strong. Estimated rent is $1,702 per month with a rental yield of 5.94%. For anyone thinking about holding rather than selling, that number is worth paying attention to. Montrose houses are punching above their weight as income properties.
Condos - Affordable Entry Point, But Patience Required
Condos in Montrose are a different animal. We've got a much smaller pool of transactions - only 3 sales in 2026 so far - and the days-on-market number tells the real story. Condos here are sitting for an average of 205 days. That ranks 104th out of 113 Edmonton neighbourhoods. If you're selling a condo, you need to go in with realistic expectations and a competitive price.
- Average HonestDoor Price: $159,318 - up 3.60% from the previous period
- Average sale price this month: $108,500 - down 17.5% from last month
- Average list price this month: $139,900
- Homes sold at 94% of list price - buyers are negotiating harder here
- Price per square foot: $159
- Predicted market value: $153,777
- Estimated rent: $834 per month, rental yield of 4.31%
- Days on market rank: 104 out of 113 - slow-moving
- Price rank: 202 out of 218 - among the most affordable in Edmonton
- Growth rank: 87 out of 297 - still above average on the leaderboard
The one bright spot for condo owners? The HonestDoor Price is actually up 3.60% this period. So while sales are slow and buyers are negotiating, the underlying value signal is moving in the right direction.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about city assessments - they're a snapshot from the past. The city assessed Montrose properties at an average of $308,703. The HonestDoor Price right now is $323,943. That's a 4.94% gap, and it reflects what the market is actually doing today, not what it was doing when the city last ran its numbers.
If you're making any decision - selling, refinancing, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is your real-world check. It updates in real time. The city assessment does not. For Montrose homeowners, that $15,000 difference isn't a rounding error. It's the difference between pricing your home right and leaving equity behind.
We also have 1,078 properties assessed in the neighbourhood this year, which gives the HonestDoor model a solid data foundation to work from. This isn't a guess - it's a calculation built on actual Montrose transactions.
The "So What?" - Thinking About Selling This Summer?
If you're a house owner in Montrose and you're thinking about listing this summer, the timing has some real advantages. Houses here are moving in under 3 weeks on average. Buyers are active. The catch is that prices have softened month-over-month, so the window to catch peak pricing may be narrowing. List sharp, price close to your HonestDoor Price, and you stand a strong chance of a quick sale.
For condo owners, summer selling requires a different game plan. With 205 average days on market, you need to get ahead of the curve. List early, price aggressively, and know that buyers in this segment are negotiating - the 94% sale-to-list ratio tells us that. The good news is your HonestDoor Price is trending up, so the asset itself is holding value even if the sales pace is slow.
Either way, Montrose sits in a solid spot on Edmonton's neighbourhood leaderboard. Houses rank 76th out of 285 for growth. Condos rank 87th out of 297. We're not at the top, but we're comfortably above average - and in a city with hundreds of neighbourhoods competing for buyer attention, that matters.
- Neighbourhood growth: 0.10% year over year
- Total transactions in 2026: 62 houses, 3 condos
- Average rental estimate (neighbourhood): $1,682 per month
- Average Airbnb estimate: $84 per night
- Nearby comparison - Bellevue house HonestDoor Price: $326,661 vs. Montrose $328,237 - we're holding our own
Bottom line: Montrose is affordable, fast-moving for houses, and sitting on more value than the city's paperwork suggests. Check your HonestDoor Price before you make any move this summer.
montrose | edmonton | october 2026This 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.