Pembina, Edmonton - September 2026 Real Estate Report

Pembina, Edmonton: Your Neighbour Just Asked If Now Is a Good Time to Sell. Here Is the Real Answer.

The Vibe Right Now

If you have been watching the "For Sale" signs on your street, here is what is actually happening in Pembina. The market is not crashing. It is not on fire either. It is taking a breather - and depending on whether you own a house or a condo, that breather feels very different.

Houses: Affordable, Steady, and Quietly Climbing

Let us start with the good news for house owners. The average sale price for a house in Pembina is sitting at $340,000, and the predicted market value has nudged up to $317,740 - above the 3-month moving average of $314,841. That is a slow but real upward tick. Property values have moved up 1.93% recently, and that growth ranks 54 out of 291 comparable neighbourhoods in Edmonton. That puts us in the top 20% of the city for growth. That is a leaderboard stat worth knowing.

• Average HonestDoor Price: $310,498
• Average sale price: $340,000
• Current listings averaging: $348,000
• Price per square foot: $268
• Homes selling at 97.70% of list price - buyers are negotiating, but not by much
• Average days on market: 42
• Estimated monthly rent: $1,662 with a rental yield of 5.92%
• Growth rank: 54 out of 291 neighbourhoods in Edmonton

The 42-day average to sell is slower than nearby Hudson at 26 days, so do not expect a bidding war. But you are moving faster than Wellington at 60 days. Price-wise, Pembina houses rank 257 out of 285 neighbourhoods - meaning we are one of the most affordable options in the city. For buyers, that is a draw. For sellers, it means pricing sharp matters.

Condos: More Transactions, But Watch the Trend

The condo side of Pembina tells a more cautious story. The average sale price dropped to $203,000 this month - down 39.4% from last month. That is a big swing, but with only 3 sales recorded, one outlier transaction can move that number dramatically. Do not panic over a single month. The predicted market value is $219,208, which is actually a touch higher than nearby Hudson condos at $186,812, so Pembina condos are holding relative value in the neighbourhood comparison.

• Average HonestDoor Price: $217,260 (down 0.89% from previous period)
• Average assessed value: $229,934 - the HonestDoor Price is 5.51% lower
• Average sale price this month: $203,000
• Current listings averaging: $214,400
• Price per square foot: $246
• Properties selling at 97.94% of list price
• Average days on market: 90 days
• Estimated monthly rent: $1,193 with a rental yield of 4.30%
• 18 condo transactions recorded in 2026 so far
• Growth rank: 115 out of 302 neighbourhoods - above average in Edmonton

Ninety days on market is the number to pay attention to. Condos are sitting longer here than in Wellington at 60 days. If you are a condo owner thinking about selling, that timeline needs to be part of your plan.

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

Here is something most Pembina homeowners do not realize. The city's assessed value on your property tax notice 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 condos in Pembina, the city's average assessed value is $229,934. The HonestDoor Price for the same condos is $217,260. That is a gap of over $12,000. If you are pricing your condo based on what the city says it is worth, you may be starting the conversation in the wrong place entirely.

The HonestDoor Price pulls in current transaction data, recent sales, and real-time market signals. It is the real-world check against a number that was calculated months ago using data that is even older. Before you list, before you refinance, before you even have a casual chat with a realtor - look at your HonestDoor Price first.

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

If you own a house in Pembina and are thinking about selling this summer, the window is reasonable but not wide open. You are in a buyers' market where people are paying about 97.7% of list price. That means if you list at $348,000, expect offers closer to $340,000. Price it right from day one. Homes that sit past 42 days start to look stale, and buyers will use that against you.

The growth rank of 54 out of 291 is a genuine selling point. Pembina is outperforming most of Edmonton on value growth. Lead with that in your listing conversation.

If you own a condo, be honest with yourself about the timeline. Ninety days on market is the current reality. Summer may bring more buyers into the pool, but you need to price competitively against the $214,400 average listing price - and know that the HonestDoor Price of $217,260 is likely closer to what a serious buyer will anchor to than the city's $229,934 assessment.

Bottom line - Pembina is not a neighbourhood to sleep on. Houses are quietly climbing in a city where affordability still matters. Condos need a sharper strategy. Either way, check your HonestDoor Price before you make any moves. It is the number that reflects today, not last year.

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.