Oakmont, St. Albert - September 2026 Real Estate Report

Oakmont, St. Albert: Your Neighbour Just Got a Better Price Than You Think

If you live in Oakmont and you're still going off your city assessment to figure out what your home is worth, you're probably working with the wrong number. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos

We're seeing two pretty different stories play out in Oakmont depending on what you own.

Houses: The average sale price came in at $658,917 this period, which is down 11.1% from last month. That sounds alarming, but here's the context - only 6 homes sold, up 20% from the month before, and they averaged just 14 days on the market. Buyers are still paying above asking, at 101.47% of list price on average. So the pool of buyers is competitive, but the prices being asked are adjusting. The market is taking a breather, not falling apart.

• Average sale price: $658,917 (down 11.1% from last month)
• Average list price: $832,960
• Price per square foot: $378
• Homes sold: 6 (up 20% from last month)
• Average days on market: 14
• Sale-to-list ratio: 101.47%

Condos: Our condo segment is a different story. One unit sold at $395,000 - up 23.4% from last month - and it sold at essentially full asking price (100.03%). It moved in 12 days. Compared to condos in nearby Erin Ridge ($380,700) and Erin Ridge North ($372,500), Oakmont condos are holding a price premium. Low volume, but the signal is strong.

• Average sale price: $395,000 (up 23.4% from last month)
• Average list price: $394,900
• Price per square foot: $291
• Units sold: 1
• Average days on market: 12
• Sale-to-list ratio: 100.03%

The Neighbourhood Leaderboard

Here's where Oakmont earns some real bragging rights. On the St. Albert growth leaderboard, our houses rank 2nd out of 23 neighbourhoods. That is a top-10% finish. For days on market, houses also rank 2nd out of 19 - meaning we are one of the fastest-moving markets in the city. Condos rank 2nd out of 14 for speed as well. Buyers are not sitting on their hands when something hits the market here.

• House growth rank: 2 out of 23 in St. Albert
• House days-on-market rank: 2 out of 19 in St. Albert
• House price rank: 6 out of 21 in St. Albert
• Condo growth rank: 7 out of 23 in St. Albert
• Condo days-on-market rank: 2 out of 14 in St. Albert

The Secret Sauce: Your HonestDoor Price vs. That Old Assessment

Your city assessment is a snapshot from months ago, built on broad formulas. It does not know what sold on your street last week. The HonestDoor Price does.

Right now, the average HonestDoor Price for an Oakmont house is $700,710. For condos, it is $492,017 - and that number is actually up 1.08% recently. These are real-time estimates built from actual transaction data, not a bureaucratic formula that gets updated once a year.

If you are a house owner, your HonestDoor Price of $700,710 is your real-world check. The 3-month predicted value sits at $715,808, and the current estimate has dipped slightly to $710,058. That gap tells you the market is softening a touch - but you are still sitting on a strong asset. For rental investors, a 5.23% yield on houses is genuinely solid. Condos come in at 3.86%, which is moderate but still positive cash flow territory at $2,443 per month in estimated rent.

• House HonestDoor Price: $700,710 (down 1.32% from previous period)
• House predicted market value: $710,058
• House rental estimate: $3,266 per month
• House rental yield: 5.23%
• Condo HonestDoor Price: $492,017 (up 1.08% from previous period)
• Condo rental estimate: $2,490 per month
• Condo rental yield: 3.86%

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

Here is the straight talk for anyone considering listing in Oakmont this summer.

For house sellers - the buyers are still there and they are still paying over asking. But the sale prices are adjusting downward, which means your list price strategy matters more than ever. Price it right and you will likely sell in two weeks. Price it based on wishful thinking and you will sit. The window is open, but it is not as wide as it was a few months ago.

For condo sellers - the sample size is small, but the signal is good. One unit sold at full price in 12 days. If you have been waiting, this is worth a serious look. Oakmont condos are priced above comparable units in Erin Ridge and Erin Ridge North, and buyers are still paying for that premium.

Bottom line - Oakmont is still one of the faster, stronger-performing pockets in St. Albert. Check your HonestDoor Price before you call an agent, before you set a list price, and definitely before you assume your city assessment tells the whole story. It does not.

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.