Pembina, Edmonton - October 2026 Real Estate Report
Pembina, Edmonton: Your Home Is Probably Worth More Than the City Thinks - But the Market Is Telling a Story
The Vibe Right Now
If you own a home or condo in Pembina and you have not checked your HonestDoor Price lately, now is the time. The city's assessment and what buyers are actually paying are two different numbers - and the gap matters for your wallet.
Houses in Pembina - Steady, But Watch the Clock
The house market in Pembina is holding its ground, but it is not setting any speed records. Here is what the numbers are actually saying:
- Average HonestDoor Price: $317,308 - up 2.18% from the previous period
- Average sale price: $340,000
- Current listings averaging: $348,000
- Price per square foot: $268
- Homes are selling at 97.70% of list price - buyers are negotiating, and winning small
- Average days on market: 42 days
- Rental yield: 5.94% - that is a strong return if you are thinking landlord
- Estimated monthly rent: $1,629
- Growth rank: 166 out of 285 Edmonton neighbourhoods - below average on the leaderboard
Forty-two days to sell is not a crisis, but it is not a frenzy either. Hudson is moving houses in 26 days, which tells you buyers have options right now. Wellington is sitting at 60 days, so Pembina is holding a middle position. The market is taking a breather - not falling apart, just breathing slower.
The predicted market value sits at $310,545, which is slightly below the 3-month moving average of $313,377. Values have dipped 2.29% recently. That is worth knowing before you price your home this summer.
Condos in Pembina - More Activity, More Patience Required
The condo side of Pembina is where things get interesting. There is more transaction volume - 20 sales recorded in 2026 compared to just 1 for houses - but condos are sitting longer before they sell.
- Average HonestDoor Price: $216,210 - down 0.40% from the previous period
- Average assessed value: $229,718
- HonestDoor Price is 5.88% below the city's assessed value - a real gap
- Average sale price: $203,000
- Current listings averaging: $214,400
- Price per square foot: $246
- Condos selling at 97.94% of list price - again, buyers have a little leverage
- Average days on market: 90 days - that is a long haul
- Estimated monthly rent: $1,183 with a 4.30% rental yield
- 455 condos assessed this year - this is an active, established condo market
- Growth rank: 169 out of 297 Edmonton neighbourhoods - sitting below average on the leaderboard
Ninety days on market is the number that stands out. Wellington condos are moving in 60 days, which means buyers shopping Pembina condos are comparing notes with other neighbourhoods and taking their time. If you are a condo seller, pricing sharp from day one matters more than it did a year ago.
One bright spot - Pembina condos are priced above average for Edmonton, ranking 94 out of 218 comparable neighbourhoods. You are not in the bargain bin. Nearby Hudson and Cumberland condos are actually cheaper, which means Pembina holds a real price position in this pocket of the city.
The Secret Sauce - Why Your HonestDoor Price Is the Number That Actually Matters
Here is the thing about city assessments: they are a snapshot from the past. The city looks at sale data from months ago, runs it through a formula, and mails you a number. That number drives your tax bill, but it does not reflect what a buyer would hand you a cheque for today.
For Pembina condo owners, this gap is already showing up in the data. The city's average assessed value is $229,718. The HonestDoor Price - which updates in real time using current sales and market signals - is $216,210. That is a $13,500 difference. If you are pricing your condo based on the assessment, you may be starting the conversation in the wrong place.
For house owners, the HonestDoor Price of $317,308 is your real-world check against whatever the city last told you. With values shifting 2.29% recently, a stale assessment is not doing you any favours - whether you are selling, refinancing, or just keeping score on your net worth.
Check your HonestDoor Price at HonestDoor.com. It is free, it is current, and it is the number your neighbour is already looking at.
The So What - Thinking About Selling This Summer?
If you are a Pembina homeowner eyeing a summer sale, here is the straight talk:
- Houses are selling, but 42 days on market means you need a sharp price on day one - not a test-the-market number
- The sale-to-list ratio of 97.70% means buyers are shaving about $8,000 off a $340,000 ask - build that into your expectations
- Condo sellers need even more patience - or a more aggressive opening price - with 90-day average market times
- The rental yield on houses is 5.94%, which means if your sale falls through, holding and renting is a genuinely decent backup plan
- Pembina sits in the affordable tier for Edmonton houses (ranked 250 out of 285 for price), which is actually a selling point for buyers being priced out of Hudson or Wellington
Summer is not a bad time to list in Pembina - buyers are active and the neighbourhood holds its own against pricier options nearby. But this is not a market where you can overprice and wait. Know your real number, price it right, and move with confidence. That is the Pembina playbook right now.
pembina | edmonton | october 2026This 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.