Ogilvie Ridge, Edmonton - October 2026 Real Estate Report

2026-10-16 00:00 · Your HonestDoor Team

Ogilvie Ridge, Edmonton: Your Home Is Worth More Than the City Thinks - But the Window Is Narrowing

The Vibe Right Now

If you've been watching the "For Sale" signs in Ogilvie Ridge, here's what's actually happening. The neighbourhood is taking a breather. Prices are easing, days on market are climbing, and buyers are negotiating hard. That doesn't mean panic - it means pay attention.

Ogilvie Ridge still sits among the most expensive neighbourhoods in Edmonton. The house price rank is 25 out of 285 neighbourhoods. That's a top-10% address. But the market is shifting, and the gap between what sellers want and what buyers will pay is getting real.

Houses: The Numbers You Need to Know

The average house sold for $917,500 this month - down 2.4% from last month. Listings are sitting at $849,000 on average, and homes are selling at about 95.4% of list price. Translation: buyers are knocking roughly $40,000 to $45,000 off the asking price before they sign. That's a negotiating market, not a bidding war market.

Average sale price: $917,500 (down 2.4% from last month)
Average list price: $849,000
Price per square foot: $352
Sale-to-list ratio: 95.41% - buyers are paying below asking
Average days on market: 112 days
Properties sold this month: 2
Predicted market value: $885,489
3-month moving average: $891,349 - and the trend is heading down
Estimated monthly rent: $3,862
Rental yield: 4.91%

One number that should get your attention: 112 days on market. Nearby Hodgson is moving homes in 85 days. We are sitting 27 days slower than our neighbours. That tells us buyers in this price range are being selective and patient. If your house isn't priced sharp, it will sit.

Condos: A Different Story, But Still Cautious

The condo side of Ogilvie Ridge is a smaller market - only 1 unit sold this month - so take the data with that context in mind. But what we do see is interesting. Condos here are actually selling faster than nearby Hodgson (72 days vs. 85 days), and the average sale price of $421,000 beats Hodgson's $341,250 by a solid margin.

Average sale price: $421,000
Average list price: $450,000
Price per square foot: $312
Sale-to-list ratio: 93.56% - buyers are negotiating here too
Average days on market: 72 days
Properties sold this month: 1
Predicted market value: $375,576
Estimated monthly rent: $1,971
Rental yield: 4.07%
HonestDoor Price: $353,490 (down 5.88% from last period)

That 5.88% drop in the condo HonestDoor Price is the sharpest move in this report. If you own a condo in Ogilvie Ridge and haven't checked your current value lately, now is the time. The predicted value of $375,576 is also running below nearby Carter Crest condos at $409,877, which tells us there's a ceiling on condo pricing here relative to the immediate area.

The Neighbourhood Leaderboard

Where does Ogilvie Ridge actually rank when you stack it against the rest of Edmonton? Here's the honest scorecard.

House price rank: 25 out of 285 - top tier, one of the most expensive addresses in the city
House growth rank: 92 out of 285 - above average, but not leading the pack
House days-on-market rank: 93 out of 116 - near the bottom, meaning homes here sell slowly compared to most of Edmonton
Condo price rank: 21 out of 218 - again, top tier pricing
Condo growth rank: 170 out of 297 - below average for Edmonton condos right now
Condo days-on-market rank: 52 out of 113 - middle of the pack, moderately fast
Overall neighbourhood growth: 0.09% year over year

The story here is clear. We live in an expensive, well-established neighbourhood. But expensive doesn't automatically mean fast-growing right now. Ogilvie Ridge is a place people want to be - it just takes longer to find the right buyer at the right price.

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

Here's something most homeowners in Ogilvie Ridge don't realize. The city's assessed value for houses here averages $836,532. The average HonestDoor Price is $874,605. That's a $38,073 gap - and the HonestDoor Price is the one that reflects what the market is actually doing today, not what a government office calculated months ago from old data.

Your tax assessment is a snapshot frozen in time. The HonestDoor Price updates in real time, pulling in actual sales, current listing activity, and neighbourhood trends. In a market that has moved 1.23% in the last period for houses and 5.88% for condos, that difference is not small. If you're making any decision - selling, refinancing, or just understanding your net worth - the HonestDoor Price is the number to start with.

With 308 properties assessed in Ogilvie Ridge this year and 13 total transactions recorded in 2026, the real-world sales data is limited. That makes an up-to-date automated estimate even more valuable, because there aren't enough local comps to rely on gut feel alone.

So What Does This Mean If You're Thinking About Selling This Summer?

Straight talk: this summer is not the same market as two years ago, and pricing like it is will cost you time and money. Here's the practical read for Ogilvie Ridge sellers.

Price it right from day one. With 112 average days on market for houses, overpriced listings are sitting. Buyers are watching, and a stale listing loses leverage fast.
Expect negotiation. The 95.4% sale-to-list ratio on houses means budget for buyers coming in below your number. That's not a disaster - it's just the current reality.
Check your HonestDoor Price before you call an agent. The gap between the city assessment ($836,532) and the HonestDoor Price ($874,605) shows the assessment is already running behind. Use the real-time number as your baseline.
Condos need sharper pricing. A 5.88% drop in the HonestDoor Price for condos and a growth rank of 170 out of 297 means the condo segment here is softer. If you're selling a condo, competitive pricing is not optional.
Your location still works in your favour. A top-25 price rank in Edmonton means buyers who want this neighbourhood know they're paying for it. The demand is there - it just moves at its own pace.

Ogilvie Ridge is not a neighbourhood in trouble. It's a premium address in a market that's recalibrating. Sellers who understand that and price accordingly will move their homes. Those who don't will be watching that days-on-market number climb past 112.

ogilvie ridge | edmonton | october 2026

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.