Prince Rupert, Edmonton - September 2026 Real Estate Report

Prince Rupert, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

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 leaving money on the table. The numbers on the ground tell a different story - and it's a pretty good one for homeowners right now.

The Vibe: What's Actually Happening in Our Neighbourhood

Houses - We're Selling Fast and Above Ask

Here's the headline for houses in Prince Rupert: buyers are paying more than the list price. The average sale-to-list ratio is sitting at 101.96%, which means sellers are getting into bidding territory. That's not a fluke - that's a sellers' market doing its thing.

• Average sale price: $358,000
• Current average listing price: $469,800
• Price per square foot: $376
• Average days on market: 10 days
• Predicted market value (HonestDoor): $441,689
• 3-month moving average: $435,873 - and values are climbing past it
• Estimated monthly rent: $2,266 with a rental yield of 5.75%
• Recent value change: up 1.87%

Ten days on market is quick. For context, our neighbours in Spruce Avenue are averaging 11 days - we're moving faster. On the neighbourhood leaderboard, Prince Rupert houses rank 9 out of 112 Edmonton neighbourhoods for speed of sale. That's top 10. Days-on-market rank of 9 out of 112 means we're one of the fastest-selling pockets in the city.

On growth, we rank 55 out of 291 comparable Edmonton neighbourhoods. Top 20% city-wide. That's not nothing. And on affordability, we rank 247 out of 285 - meaning we're one of the more accessible entry points in Edmonton, which is exactly why demand stays strong here.

Condos - A Buyer's Game, But Values Are Climbing

The condo side of Prince Rupert is a different conversation. Buyers here have a bit more leverage - properties are selling at 91.05% of list price, which puts us in buyer's market territory. But don't mistake "buyer's market" for "bad investment."

• Average sale price: $173,000
• Current average listing price: $190,000
• Price per square foot: $158
• Average days on market: 24 days
• Predicted market value (HonestDoor): $136,727
• 3-month moving average: $131,200 - values are rising above it
• Estimated monthly rent: $744 with a rental yield of 4.33%
• Recent value change: up 4.31%

That 4.31% recent value change is the real story here. On the neighbourhood leaderboard, Prince Rupert condos rank 10 out of 302 Edmonton neighbourhoods for growth. Top 10 city-wide. If you own a condo here, your unit is quietly appreciating faster than almost anywhere else in Edmonton - even if the sale price still looks modest on paper.

Days-on-market rank for condos is 19 out of 112 - still very fast by Edmonton standards. These aren't sitting around collecting dust.

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

The city assessed the average Prince Rupert house at $415,574. The HonestDoor Price puts it at $426,848. That's a $11,274 gap - and that gap is real money if you're making any kind of financial decision based on what your home is worth.

City assessments are a snapshot from the past. They're based on data that can be 12 to 18 months old by the time it hits your mailbox. The HonestDoor Price pulls from real-time sales activity, current listing behaviour, and what buyers are actually paying in our neighbourhood right now. It's the difference between reading last year's weather report and actually looking out the window.

Yes, the HonestDoor Price for houses has dipped 3.36% from the previous period - the market is taking a breather after a strong run. But it's still sitting 2.71% above the city's assessed value. That means the city is still playing catch-up to where our neighbourhood actually is.

For condos, the HonestDoor Price is up 1.43% from the previous period. While the city hasn't published a comparable assessed value for condos here, the trajectory is clear - values are moving up, not down.

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

If you're a homeowner in Prince Rupert and you've been sitting on the fence about selling, here's the honest read on your timing.

For house sellers, the conditions are working in your favour right now. Buyers are paying over list price. Properties are gone in 10 days. We rank in the top 10 in Edmonton for how fast homes sell. If you price it right, you're not going to be hosting open houses all summer - you're going to be negotiating offers.

The predicted market value of $441,689 is climbing past the 3-month average of $435,873. That's momentum. Summer inventory tends to rise across Edmonton, which means more competition from other sellers. Getting ahead of that wave makes sense.

For condo owners, the picture is a bit more nuanced. Buyers have some negotiating room right now - that 91.05% sale-to-list ratio tells you that. But your condo's value is genuinely growing faster than almost anywhere in Edmonton (top 10 out of 302 neighbourhoods). If you need to sell, price it competitively and it will move - 24 days on market is still fast. If you can hold, the growth trend is on your side.

Either way, the first thing to do is pull your HonestDoor Price. Not your assessment notice. Not a guess based on what your neighbour sold for two years ago. The real-time number - because that's what a buyer in 2026 is going to be working from when they make you an offer.

• Neighbourhood growth rate (houses): 0.10% year over year
• Total house transactions in 2026 so far: 16
• Total condo transactions in 2026 so far: 8
• Properties assessed in Prince Rupert this year: 357
• Average Airbnb estimate (houses): $109 per night
• Average Airbnb estimate (condos): $37 per night

Prince Rupert isn't the flashiest name in Edmonton real estate. But the data says it's one of the smarter places to own right now - affordable entry, fast sales, and growth rankings that put us ahead of most of the city. That's the honest picture.

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.