Prince Rupert, Edmonton - October 2026 Real Estate Report
Prince Rupert, Edmonton: What Your Neighbour Hasn't Told You Yet
If you own a home in Prince Rupert and you're still looking at your city assessment to figure out what your place is worth, you're working with old news. Here's the real picture right now.
The HonestDoor Price vs. Your Assessment
The city's average assessed value for a Prince Rupert house sits at $415,574. But the average HonestDoor Price is $429,335 - that's $13,761 more than what the city says your home is worth. That gap matters. If you're making a decision about selling, refinancing, or even just knowing your net worth, the HonestDoor Price is the number that reflects what buyers are actually paying right now, not what an assessor estimated months ago.
For condos, the average HonestDoor Price is $136,246. That one has dipped 1.76% from the previous period, so condo owners especially should keep a close eye on where things are heading.
The Vibe: Houses vs. Condos
Houses - A Sellers' Market, Full Stop
We don't see this every day. Houses in Prince Rupert are selling at 101.96% of list price. That means buyers are going over asking. The average sale price is $358,000, and homes are moving in an average of 10 days. For context, our neighbours in Spruce Avenue are sitting at 11 days - we're selling faster.
- Average sale price: $358,000
- Average list price this month: $469,800
- Price per square foot: $376
- Average days on market: 10
- Sale-to-list ratio: 101.96% - buyers are paying above asking
- Predicted market value: $426,848
- Rental yield: 5.77%
- Estimated monthly rent: $2,200
One thing to watch: the predicted market value of $426,848 is running below the 3-month moving average of $434,044, and recent values have shifted by -3.36%. The demand is real, but the price trend deserves a second look before you set your list price.
On the neighbourhood leaderboard, Prince Rupert houses rank 231 out of 285 for growth - that puts us in the bottom tier for appreciation. But flip to days-on-market and we rank 9 out of 116. Translation: we're one of the fastest-selling neighbourhoods in the city, even if we're not the fastest-growing.
Condos - A Buyer's Game Right Now
The condo story is different. Buyers here are negotiating, with sales closing at 91.05% of list price. The average sale price is $173,000 against an average list of $190,000. Properties are sitting for about 24 days before selling.
- Average sale price: $173,000
- Average list price this month: $190,000
- Price per square foot: $158
- Average days on market: 24
- Sale-to-list ratio: 91.05% - buyers have room to negotiate
- Predicted market value: $138,686
- Rental yield: 4.32%
- Estimated monthly rent: $755
The silver lining for condo owners: the predicted value of $138,686 is actually climbing above the 3-month moving average of $135,497, and recent growth ranks 71 out of 297 neighbourhoods. That puts condos in the above-average tier for growth in Edmonton. The market is soft right now, but the direction is quietly improving.
The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters
Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price updates in real time, pulling from actual transactions and current market signals.
For Prince Rupert houses, the HonestDoor Price is 3.31% higher than the average city assessment. That's not a rounding error - that's real money. If you're a homeowner who hasn't checked your HonestDoor Price lately, you could be underestimating your own equity. And if you're thinking about selling, listing based on an outdated assessment could mean leaving cash on the table.
With 357 properties assessed in the neighbourhood and 16 total transactions recorded in 2026, there's enough data here to give you a solid read on where things stand. Don't wait for next year's assessment to find out.
The So What - Thinking About Selling This Summer?
For house sellers, the timing is genuinely interesting. Buyers are paying over asking, homes are moving in 10 days, and your HonestDoor Price is running above the city's number. The catch is that the 3-month trend is softening slightly, down from $434,044 to $426,848. If you're going to move, sooner is likely better than later this season.
Compare us to nearby neighbourhoods and the picture gets clearer. Spruce Avenue's HonestDoor Price sits at $452,548 and it's growing at 0.13% year over year versus our 0.10%. Queen Mary Park is at $594,869 - much pricier, but growing slower at 0.08%. Prince Rupert is the affordable entry point in this pocket of the city, and buyers know it. That's why they're moving fast.
For condo sellers, patience is the play. The market is buyer-friendly right now, meaning you'll likely need to price sharp to compete. The good news is that the predicted value trend is moving up, so if you can hold a few more months, the data suggests conditions could improve.
Bottom line: check your HonestDoor Price before you do anything else. It takes two minutes and it's the most accurate number you'll find without hiring an appraiser. In a market moving this fast, that's the edge you want.
prince rupert | 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.