Ottewell, Edmonton - September 2026 Real Estate Report

Ottewell Real Estate Update: Houses Are Flying Off the Market, But Condos Are a Different Story

If you live in Ottewell and you haven't checked your home's value lately, now is the time. The house market here is genuinely hot right now - and the numbers back it up. Condos, though? That's a separate conversation, and we'll get into it.

The Vibe: Houses vs. Condos in Ottewell

Let's start with houses, because the story there is a good one for sellers. The average sale price for a house in Ottewell hit $557,300 this month - up 30.2% from last month. Listings are sitting at $562,900 on average, and homes are selling for 100.78% of list price. That means buyers are paying over asking. Properties are moving in an average of 16 days, which ranks us 15th out of 112 Edmonton neighbourhoods for speed. That is fast. If you own a house here, the market is working in your favour right now.

• Average house sale price: $557,300 (up 30.2% from last month)
• Average list price: $562,900
• Sale-to-list ratio: 100.78% - buyers are paying above asking
• Average days on market: 16
• Price per square foot: $461
• Properties sold this month: 8
• Days-on-market rank: 15 out of 112 in Edmonton - very fast-selling

Condos are a different picture. Only 1 condo sold this month, sitting on the market for 164 days before it moved. The sale came in at $150,000, which was 94.34% of list price - meaning the buyer negotiated down. For context, nearby Terrace Heights condos are selling in 82 days. Ottewell condos are taking twice as long. That is a cooling market, and we should call it what it is.

• Average condo sale price: $150,000
• Average list price: $159,000
• Sale-to-list ratio: 94.34% - buyers are getting discounts
• Average days on market: 164
• Price per square foot: $175
• Properties sold this month: 1
• Days-on-market rank: 99 out of 112 in Edmonton - very slow-selling

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is the thing about your city assessment - it is a snapshot from the past. It does not update in real time, and it does not reflect what a buyer would actually pay for your home today. That gap matters.

For houses in Ottewell, the average city assessment sits at $462,153. The average HonestDoor Price is $482,427. That is a $20,274 difference - and it is the more current, real-world number. If you are making any financial decision based on your old assessment, you are working with stale data.

For condos, the gap actually flips. The average assessed value is $87,858, but the HonestDoor Price is $77,492 - about 11.8% lower. That is a significant gap in the other direction, and it matters if you are thinking about pricing, refinancing, or selling.

The HonestDoor Price is updated regularly. Your tax assessment is not. That is the difference between a GPS and a paper map from three years ago.

The Neighbourhood Leaderboard

Where does Ottewell rank among Edmonton neighbourhoods? Here is the honest scorecard:

• Total transactions rank: 9th in Edmonton - we are one of the busiest neighbourhoods for sales
• House days-on-market rank: 15 out of 112 - properties move fast here
• House price rank: 115 out of 285 - above average pricing in Edmonton
• House growth rank: 174 out of 291 - below average on growth, something to watch
• Condo growth rank: 215 out of 302 - below average
• Condo days-on-market rank: 99 out of 112 - near the bottom for speed

For comparison, our neighbours are moving faster. Terrace Heights and Holyrood are both posting 0.10% year-over-year growth. Ottewell houses are at -0.31% recently. The transaction volume here is strong, but the growth trajectory is something to keep an eye on.

The So What: Should You Sell in Ottewell This Summer?

If you own a house in Ottewell, the honest answer is: the conditions are about as good as they get right now. Homes are selling above list price, moving in 16 days, and buyers are competing. That is a seller's window. Summer inventory typically rises, which means more competition for your listing. Getting in front of that wave makes sense.

If you own a condo in Ottewell, the calculus is different. With 164 average days on market and buyers negotiating below asking, patience is required - or pricing needs to be sharp from day one. The HonestDoor Price for condos here is $77,492, which is already below the city assessment. Pricing above market in this segment will cost you time, not gain you money.

Either way, the first step is knowing your actual number. Check your HonestDoor Price before you do anything else. It is the real-world check that your tax assessment simply cannot give you right now.

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.