Montrose, Edmonton - September 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, the real market says something different - and the gap is worth knowing about.

The Vibe: What Is Actually Happening in Montrose Right Now

Montrose is a quiet, affordable corner of Edmonton that does not get a lot of headlines. But the numbers tell an interesting story for those of us who live here and own here. Let us break it down by property type.

Houses: Moving Fast and Gaining Ground

Houses in Montrose are selling quickly. We are talking an average of 16 days on market - that is a top-15 ranking out of 112 Edmonton neighbourhoods for speed. Buyers are not sitting on their hands here.

• Average sale price this month: $308,500 - up 9.0% from last month
• Average listing price: $252,500
• Price per square foot: $315
• Homes are selling at 99.50% of list price
• 7 properties sold this month
• Average days on market: 16
• HonestDoor predicted value: $331,318
• Estimated monthly rent: $1,718 with a rental yield of 5.94%
• 59 total transactions recorded in 2026

That 9.0% month-over-month jump in sale prices is the kind of number that gets your attention. Homes are also selling at nearly full list price, which tells us buyers are not lowballing - they are coming in serious. On the neighbourhood leaderboard, Montrose houses rank 151 out of 291 for growth, which puts us in the middle of the pack. Not leading the charge, but not falling behind either. For price, we rank 266 out of 285 - meaning Montrose is one of the most affordable options in the city. That is not a weakness. That is an entry point.

Compared to nearby neighbourhoods, we are holding our own. Newton sits at $370,257 and Bellevue at $334,270 for houses - both slightly above us. But our growth rate of 0.05% recently is keeping pace with Newton at 0.09% and beating Bellevue at 0.02%. We are not far behind, and we cost less to get into.

Condos: A Different Story - Proceed With Eyes Open

We will be straight with you here. The condo market in Montrose is taking a breather - and then some.

• Average sale price: $131,500
• Average listing price: $139,900
• Price per square foot: $193
• Properties sold at 94.00% of list price - buyers are negotiating
• 1 property sold this month
• Average days on market: 205
• HonestDoor predicted value: $152,405 - down from a 3-month average of $155,933
• Estimated monthly rent: $827 with a rental yield of 4.31%
• HonestDoor Price: $153,777 - up 0.90% from the previous period

Two hundred and five days on market is a long time. The days-on-market rank is 106 out of 112 in Edmonton - that puts Montrose condos near the very bottom for selling speed. Values have also dipped 3.77% recently, and the growth rank sits at 233 out of 302. One sale this month does not give us a huge sample to work with, but the trend is clear: condo buyers here have options and they know it. If you own a condo in Montrose and are thinking about selling, timing and pricing strategy matter a lot right now.

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

Here is the thing about your city assessment. It is calculated once a year, based on data that can be months old by the time it lands in your mailbox. The city assessed the average Montrose house at $308,703. The average HonestDoor Price right now is $328,237. That is a gap of over $19,000 - and it is 6.33% higher than the city's number.

That gap is not a rounding error. It is what the real market is actually doing. HonestDoor pulls live transaction data and updates continuously, so it reflects what buyers are paying today - not what they were paying when the city did its homework. With 1,078 properties assessed in Montrose this year, there is plenty of data to work with. Your HonestDoor Price is the real-world check on a static government number.

For condos, the HonestDoor Price of $153,777 is actually up 0.90% from the previous period - a small but real positive signal even while the broader condo trend cools. Worth watching.

The So What: Thinking About Selling This Summer?

If you own a house in Montrose and have been on the fence, this summer looks like a reasonable window. Homes are moving in 16 days on average. Sale prices are up sharply month over month. Buyers are paying close to full list. You are not leaving money on the table the way you might in a slower market.

The neighbourhood growth rate of 0.10% year over year is modest - Montrose is not a runaway appreciation story. But affordability is your competitive edge. Buyers priced out of Bellevue and Newton are looking at Montrose and seeing value. That demand is real and it is showing up in the transaction numbers.

For condo owners, patience is the word. With 205 average days on market and values sliding slightly, rushing a listing without a sharp price and strong presentation is a risk. Talk to an agent who knows this pocket of Edmonton before you plant that sign.

Bottom line: Montrose is not the flashiest neighbourhood on the Edmonton map, but for house owners right now, the fundamentals are working in your favour. Check your HonestDoor Price, know what the market is actually saying, and make your move with real numbers - not last year's assessment.

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.