Pembina, Edmonton - August 2026 Real Estate Report

Pembina, Edmonton: Affordable, Fast-Moving, and Worth a Closer Look Right Now

The Vibe in Pembina

If you live in Pembina and you have been quietly wondering what your place is actually worth, you are not alone. This neighbourhood sits at an interesting spot in the Edmonton market - prices are modest, condos are moving fast, and the numbers tell a story that your city assessment definitely is not telling you.

Houses: Steady, Affordable, and Selling Below Ask

Let us start with houses. The average HonestDoor Price for a house in Pembina is $317,740, up 1.93% from the previous period. That is a real-world number, not a government guess from last year. The average sale price is sitting at $340,000, with listings averaging $348,000 this month. Price per square foot is around $268.

Here is the honest part: buyers are paying about 97.70% of list price. That means if you list at $348,000, expect offers closer to $340,000. This is a stable buyers market - not a fire sale, but sellers are not calling all the shots either.

• Average HonestDoor Price: $317,740 (up 1.93%)
• Average sale price: $340,000
• Average listing price: $348,000
• Price per square foot: $268
• Average days on market: 42 days
• Sale-to-list ratio: 97.70%
• Estimated monthly rent: $1,636 with a rental yield of 5.93%
• Growth rank: 228 out of 292 Edmonton neighbourhoods
• Price rank: 255 out of 285 - among the most affordable in the city

That 42-day average sounds slow, but compare it to nearby Wellington where houses sit for 60 days. Pembina houses are actually moving faster than some of its higher-priced neighbours. The rental yield of 5.93% is strong - if you are an investor, that number is worth paying attention to.

The neighbourhood leaderboard stat to know: Pembina houses rank 228 out of 292 for growth in Edmonton. Below average, yes - but the affordability ranking (255 out of 285) tells you this is one of the most accessible entry points in the city. For buyers, that is a feature, not a flaw.

Condos: Fast Off the Shelf and Priced Above the Neighbours

Condos in Pembina are a different story. The average HonestDoor Price is $219,208, which is actually 4.66% lower than the average city assessment of $229,934. That gap matters - it means the city thinks your condo is worth more than the real market does right now. If you are making financial decisions based on that assessment number, you could be working with stale data.

The condo market here is genuinely active. Properties are averaging just 22 days on market, which ranks 16th out of 111 comparable Edmonton neighbourhoods for speed. That is very fast. Buyers are paying 99% of list price - almost full ask.

• Average HonestDoor Price: $219,208 (down 0.02%)
• Average assessed value: $229,934
• HonestDoor Price is 4.66% below the city assessment
• Average sale price: $335,000
• Average listing price: $239,900
• Price per square foot: $234
• Average days on market: 22 days
• Sale-to-list ratio: 99.00%
• Estimated monthly rent: $1,193 with a rental yield of 4.30%
• 14 transactions in 2026 so far
• Growth rank: 198 out of 302 Edmonton neighbourhoods
• Days-on-market rank: 16 out of 111 - very fast-selling
• Price rank: 46 out of 218 - above average in price for Edmonton condos

One thing worth noting: nearby condo markets like Hudson ($186,812), Wellington ($83,345), and Cumberland ($192,871) are all cheaper than Pembina. We are actually sitting above our neighbours on price here, which is not what most people expect from this part of the city.

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

Here is the thing about city assessments - they are snapshots from the past. They do not update in real time, and they do not know what happened on your street last month. For condo owners in Pembina, the city assessment is currently running $10,726 higher than what the HonestDoor Price shows. That is a meaningful gap if you are trying to price a listing, negotiate a sale, or even just understand your net worth on paper.

The HonestDoor Price pulls from current transaction data and adjusts continuously. It is the real-world check against a number that was set months ago and has not moved since. If you are a Pembina homeowner, checking your HonestDoor Price right now gives you a current read - not a historical one.

For house owners, the HonestDoor Price of $317,740 is actually below the recent average sale price of $340,000. That gap could mean there is upside being missed if you are only looking at one number.

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

If you are a house owner in Pembina and thinking about listing this summer, here is the straight talk. The market is stable but it leans toward buyers. Expect to price sharp - that 97.70% sale-to-list ratio means buyers will negotiate. At 42 days on market, you are not going to get a bidding war overnight, but you are also not going to sit forever. Price it right from day one and you will move it.

If you own a condo, the story is better. Twenty-two days on market is fast by any measure, and buyers are paying nearly full list. If you have been sitting on the fence, this summer is a reasonable window. Demand is there.

For both property types, the rental yield numbers are worth keeping in your back pocket. Houses at 5.93% and condos at 4.30% mean Pembina is a legitimate option for investors - and that investor demand helps support prices even when the broader market takes a breather.

Bottom line: Pembina is not the flashiest neighbourhood on the Edmonton leaderboard, but it is accessible, it has real rental income potential, and condos here are selling faster than almost anywhere else in the city. Check your HonestDoor Price before you do anything else - it is the most current number you have got.

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.