Pembina, Edmonton - July 2026 Real Estate Report

Pembina, Edmonton: Your Home Is Probably Worth More Than the City Thinks - Here's the Proof

The Vibe Right Now

If you've been watching the "For Sale" signs in Pembina, here's what's actually happening. The market is taking a breather. Prices are holding steady, buyers are active, and the numbers tell two pretty different stories depending on whether you own a house or a condo. Let's break it down for us locals.

Houses in Pembina

The average sale price for a house sits at $340,000, and listings are coming in around $348,000. That gap matters. Buyers are paying about 97.7% of list price, which means if you price your home right, you're leaving very little money on the table. The HonestDoor Price for houses is $311,709 - down about 1.07% from last period - and the predicted market value is $315,073.

• Average sale price: $340,000
• Average list price this month: $348,000
• Price per square foot: $268
• Sale-to-list ratio: 97.70%
• Average days on market: 42 days
• Estimated monthly rent: $1,636 - $1,652
• Rental yield: 5.93%
• Growth rank: 170 out of 302 neighbourhoods in Edmonton

Forty-two days on market sounds slow, but here's the context - nearby Wellington is sitting at 60 days. Pembina houses are moving faster than some of the pricier neighbours around us. That's a quiet advantage sellers should not ignore. The rental yield of 5.93% is also genuinely strong, which means investors are paying attention to this pocket of Edmonton.

Condos in Pembina

Condos are a different story, and honestly a more interesting one. The city's assessed value on condos averages $229,934. The HonestDoor Price says $219,253 - that's 4.65% lower than the city's average assessed value. For condo owners, that gap could mean you're being taxed on a number that doesn't reflect what buyers are actually paying today.

• Average assessed value: $229,934
• HonestDoor Price: $219,253 (down 0.93%)
• Predicted market value: $221,306
• Average sale price: $335,000
• Price per square foot: $234
• Sale-to-list ratio: 99.00%
• Average days on market: 22 days
• Estimated monthly rent: $1,193 - $1,204
• Rental yield: 4.30%
• Growth rank: 120 out of 296 neighbourhoods in Edmonton
• Days-on-market rank: 15 out of 108 (very fast-selling)
• Price rank: 55 out of 220 (above average in Edmonton)

Condos here are selling in 22 days on average. That's a days-on-market rank of 15 out of 108 neighbourhoods - we're near the top of the leaderboard for speed. Buyers are not hesitating. The predicted value of $221,306 is already trending up from the 3-month moving average of $218,095, which is a small but real sign of momentum. And compared to nearby Hudson condos at $187,408, Pembina condos are holding a clear price premium.

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

Here's the thing about your city assessment: it's a snapshot from months ago, built on broad formulas. It doesn't know your renovated kitchen. It doesn't know that your street sold three homes in a hot week last fall. The HonestDoor Price is updated in real time using actual transaction data, so it reflects what buyers are doing with their wallets right now - not what a government formula estimated last year.

For Pembina condo owners specifically, the HonestDoor Price is already 4.65% below the city's assessed value. That's the kind of gap that should make you ask questions before you assume your assessment is accurate. For house owners, the HonestDoor Price of $311,709 versus an actual average sale price of $340,000 tells you the market is still rewarding well-priced listings above the baseline estimate. Check your HonestDoor Price first. Then decide what to do next.

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

Pembina is not a neighbourhood that makes headlines. It's not the flashiest on the Edmonton leaderboard. But that's actually the point. Here's what the data says for anyone thinking about listing this summer:

• Houses are selling at 97.7% of list price - price it right and you're not negotiating much away
• Condos are moving in 22 days on average - that's fast, and summer foot traffic will only help
• Pembina condos rank 55 out of 220 neighbourhoods on price - you're in above-average territory
• A rental yield of 5.93% on houses means investor buyers are in the pool alongside regular buyers - more competition for your listing
• Nearby Wellington takes 60 days to sell a house - buyers who can't afford Wellington are looking at us

The market here is stable, not stalled. Buyers are showing up. If you've been sitting on the fence, summer 2026 is a reasonable window to move - especially on the condo side where demand is clearly outpacing supply. Pull your HonestDoor Price, compare it to your assessment, and have an honest conversation about what your place is actually worth today. That's the move.

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.