Northmount, Edmonton - October 2026 Real Estate Report
Northmount, Edmonton: What Your Neighbour Hasn't Told You Yet
If you own a home in Northmount and you're still looking at your city assessment to figure out what your place is worth, you're working with old news. Here's the real picture, right now.
The Vibe: Houses vs. Condos in Northmount
Houses
Our house market is taking a breather. The average sale price sits at $344,000 this month, down 16.6% from last month, and homes are listing around $199,000. That gap between list and sale tells you sellers are adjusting expectations fast. Buyers are landing deals at about 96.5% of list price, which means if you're listing, you're not getting full ask right now.
- Average sale price: $344,000 (down 16.6% month over month)
- Average list price: $199,000
- Price per square foot: $285
- Days on market: 84 days (faster than Evansdale at 86 days)
- Properties sold this month: 3
- Sale-to-list ratio: 96.48%
- Predicted market value: $389,340
- Rental yield: 5.84%
- Estimated monthly rent: $2,029
One bright spot - we're moving homes faster than Evansdale next door, and a 5.84% rental yield is genuinely strong. If you're not selling, holding and renting is a real option worth running the numbers on.
On the neighbourhood leaderboard, our house growth ranks 176 out of 285 Edmonton neighbourhoods. Below average, yes - but not the bottom. Days on market ranks 74 out of 116, meaning we're in the slower half for selling speed. Price ranks 265 out of 285, which puts us among the most affordable in the city. That's a double-edged sword - great for buyers getting in, tougher for sellers expecting top dollar.
Condos
The condo numbers here need a straight-up flag. The HonestDoor Price for condos is showing $1,972,196 - a figure that is dramatically higher than the assessed value of $186,538 and the actual average sale price of $195,250. With only 2 sales this month and 7 total transactions in 2026, the sample size is tiny. Thin data can swing averages hard. Take the condo HonestDoor Price as a signal to dig deeper, not as a final answer.
- Average sale price: $195,250 (down 2.1% month over month)
- Average list price: $205,999
- Price per square foot: $185
- Days on market: 70 days (faster than Evansdale at 86 days)
- Properties sold this month: 2
- Sale-to-list ratio: 94.66%
- Estimated monthly rent: $6,374
- Rental yield: 2.89%
- Airbnb rank in Edmonton: 12th
What stands out is that Airbnb rank of 12th in all of Edmonton. That is not a typo. If short-term rental is on your radar, Northmount condos are punching well above their weight on that front. Condo growth ranks 179 out of 297 neighbourhoods - below average, but condos here are selling faster than most of the city, sitting at rank 50 out of 113 for days on market.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here is the thing about your city assessment - it is a snapshot from months ago, built on formulas, not on what buyers are actually doing in Northmount right now. The average assessed value for houses here is $371,036. The HonestDoor Price is $386,574. That is a $15,538 difference sitting on the table.
That 4.19% gap between the assessment and the HonestDoor Price is real money. If you are making any decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - using the city's number means you are already behind. The HonestDoor Price pulls from actual recent transactions and live market signals. It is the real-world check your assessment will never be.
Yes, the HonestDoor Price has dipped 0.71% from last period. The market is honest about that. But knowing your number is moving, and by how much, is exactly the kind of intel that helps you time a decision right.
The "So What?" - Thinking About Selling This Summer?
Here is the honest take for anyone eyeing a summer sale in Northmount.
The house market is soft right now. Prices are down, days on market are creeping up, and buyers are negotiating below list. That does not mean you should panic - it means you should price sharp from day one. Overpricing in this market is the fastest way to sit on the market for 84-plus days and end up cutting anyway.
With 955 properties assessed and only 53 transactions in 2026 so far, competition among sellers is real. You are not the only one watching the market. The neighbours in Kildare and Glengarry are cheaper and growing faster - buyers who are comparison shopping will notice that.
The upside - if you are not in a rush to sell, the rental story is strong. A 5.84% yield on houses is the kind of number that makes holding the property worth a serious conversation with your accountant.
Bottom line: check your HonestDoor Price before you do anything else. It takes two minutes and it will tell you more about where you actually stand than any assessment notice in your mailbox ever will.
northmount | 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.