Ottewell, Edmonton - July 2026 Real Estate Report

Ottewell Real Estate Right Now: Your House Is Worth More Than the City Thinks

If you own a home in Ottewell and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment says one thing. The actual market is saying something else entirely - and the gap is significant.

The Vibe: What's Happening on Our Streets

Ottewell is a neighbourhood that does not make a lot of noise, but the numbers are turning heads. With 102 property transactions in 2026 and 2,149 properties assessed, there is real activity here. Our total transaction volume ranks 9th across all of Edmonton. That is not a typo. Ninth. This neighbourhood moves.

Houses: The Market Is Hot and Moving Fast

If you have been watching the "For Sale" signs in Ottewell, here is what is actually happening with houses right now.

• Average sale price: $611,862 - up 12.7% from last month
• Average list price this month: $591,100
• Price per square foot: $503
• Homes are selling at 99.79% of list price - buyers are paying almost exactly what sellers are asking
• Average days on market: 16 days
• 10 properties sold this period
• Predicted market value: $488,335 - up from the 3-month average of $482,162
• Estimated monthly rent: $2,471 with a rental yield of 5.66%

Sixteen days on market is fast. Really fast. Edmonton-wide, our days-on-market ranks 15th out of 103 comparable neighbourhoods. That means if you list a house in Ottewell, it is not sitting around collecting dust. Buyers are ready. Our house growth rate ranks 55th out of 302 neighbourhoods - that puts us firmly in the top 20% of Edmonton for price momentum. And our price rank sits at 101st out of 285, meaning we are above average in value compared to most of the city.

Condos: Taking a Breather

We will be straight with you - the condo picture in Ottewell is a different story right now.

• Average sale price: $150,000
• Average list price: $159,000
• Properties sold for 94.34% of list price - buyers are negotiating discounts
• Average days on market: 164 days
• 1 property sold this period
• Predicted market value: $84,282 - down from the 3-month average of $86,568
• Recent value change: -4.40%
• Estimated monthly rent: $464 with a rental yield of 4.36%

The condo segment is taking a breather. With only one sale, 164 days on market, and a growth rank of 254th out of 296 neighbourhoods, this is a buyer's market for condos right now. If you own a condo here and are thinking about selling, timing and pricing strategy matter a lot more than they do for houses.

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

Here is the thing about your city assessment - it is a snapshot from the past. It does not update in real time. It does not know what sold on your street last Tuesday. For houses in Ottewell, the average assessed value sits at $462,153. The average HonestDoor Price is $492,893. That is a gap of roughly $30,740 - and it is 6.65% higher than what the city has on file.

That gap is not a rounding error. That is the difference between what a bureaucratic formula calculated months ago and what a real buyer would actually pay for your home today. The HonestDoor Price pulls from current market activity and updates regularly. It is the real-world check that your tax assessment simply cannot provide.

For condos, the story flips. The average assessed value is $87,858 but the HonestDoor Price has come in at $82,695 - down 1.88% from the previous period and sitting 5.88% below the Edmonton average assessed value. If you are a condo owner, that is worth knowing before you make any decisions.

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

If you own a house in Ottewell and you are thinking about listing this summer, the conditions are about as good as they get. Prices are up 12.7% month over month. Homes are selling in 16 days. Buyers are paying within a fraction of list price. You are sitting in a neighbourhood that ranks 9th in Edmonton for transaction volume - meaning demand is real and consistent, not a fluke.

Compare us to the neighbours. Kenilworth houses are averaging $467,342 - cheaper than us. Terrace Heights is at $543,617 and Holyrood is at $634,009, both growing slightly faster, but we are competitive on value and we move faster. For a buyer, Ottewell is the sweet spot. For a seller, that is exactly where you want to be.

The practical move right now is simple. Pull your HonestDoor Price before you call an agent, before you set a list price, and before you assume your city assessment tells you anything useful. The market has moved. Your HonestDoor Price reflects that. Your assessment probably does not.

• Neighbourhood growth rate: 0.04% year over year
• House growth rank: 55th out of 302 Edmonton neighbourhoods - top 20%
• Transaction volume rank: 9th in Edmonton
• Average rental estimate: $2,490 per month
• Average Airbnb estimate: $124 per night

Bottom line - if you own a house here, summer 2026 is your window. Check your HonestDoor Price, know your number, and move with confidence.

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.