Queen Alexandra, Edmonton - August 2026 Real Estate Report

Queen Alexandra, Edmonton: Your Neighbour Just Got a Better Price Than the City Thinks

If you own a home in Queen Alexandra 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 real numbers tell a more interesting story - and some of it is very good news.

The Vibe: What's Actually Happening on Our Streets

Houses - Strong Demand, Fast Moves

If you've been watching the "For Sale" signs in Queen Alexandra, here's what's actually happening with houses right now. Sale prices are averaging $515,000 - up 11.4% from last month. That's not a typo. Listings are sitting at $524,750, and homes are selling for 98.22% of asking price. Buyers are close to full price, and properties are moving in an average of 24 days. That's a fast market.

• Average sale price: $515,000 (up 11.4% from last month)
• Average listing price: $524,750
• Price per square foot: $395
• Average days on market: 24 days
• Sale-to-list ratio: 98.22%
• Properties sold in 2026: 41 transactions across the neighbourhood

The predicted market value for houses sits at $586,895 - up from the 3-month moving average of $580,129. That upward trend matters if you're thinking about timing a sale. The rental picture is also solid: estimated rent of $2,793 per month with a 5.49% rental yield. For investors, that's a number worth paying attention to.

On the neighbourhood leaderboard, Queen Alexandra houses rank 102 out of 285 for price in Edmonton - above average. Days-on-market rank is 23 out of 108, meaning we sell faster than most. Growth rank is 147 out of 292, which puts us in the middle of the pack. Not leading the charge, but not falling behind either.

Condos - Taking a Breather

The condo side of Queen Alexandra is a different conversation. We sold 2 condos this period - down 33.3% from last month - and they're sitting on the market for an average of 41 days. The average sale price is $248,574, up 9.7% from last month, but the predicted market value of $321,075 is actually dipping below the 3-month moving average of $328,625. That's the market taking a breather.

• Average sale price: $248,574 (up 9.7% from last month)
• Average listing price: $257,500
• Price per square foot: $282
• Average days on market: 41 days
• Sale-to-list ratio: 96.16%
• Rental yield: 4.12% - moderate returns

On the leaderboard, condo growth ranks 271 out of 302 in Edmonton. That puts Queen Alexandra condos near the bottom for growth right now. Price rank is 126 out of 218 - below average. Days-on-market rank is 33 out of 111, so they're still selling at a moderate pace. If you own a condo here and are thinking about selling, sooner is probably smarter than later while prices are still up month-over-month.

The Secret Sauce: Your HonestDoor Price vs. That City Assessment

Here's why Queen Alexandra homeowners should pull up their HonestDoor Price right now. The city's assessed value for houses averages $553,606. The HonestDoor Price? $583,368. That's a gap of over $29,000 - and the HonestDoor Price is 5.38% higher than the city average assessment across Edmonton. Your tax assessment is a snapshot from months ago. The HonestDoor Price is updated in real time, pulling in actual sales data from your street and streets like it.

For condos, the gap is even more dramatic. The average city assessment sits at $229,876. The HonestDoor Price is $325,482 - a difference of nearly $96,000, and 41.59% higher than the Edmonton average assessed value. If you're a condo owner and you're basing any financial decision on your assessment, you're working with a number that doesn't reflect reality. The HonestDoor Price is the real-world check your assessment was never designed to be.

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

For house owners, the timing looks good. Prices are climbing, buyers are paying close to asking, and your HonestDoor Price is running well ahead of what the city has on file. With 802 assessed properties in the neighbourhood and only 41 transactions in 2026, inventory is tight. Less competition means more leverage for sellers. If you're thinking about listing this summer, you're entering a market that's working in your favour.

For condo owners, the picture is more nuanced. Month-over-month prices are up, but the trend line over three months is pointing down. Condo growth ranks near the bottom of Edmonton neighbourhoods right now. If selling is on your radar, waiting for the market to turn around is a gamble. The smarter move is to check your HonestDoor Price today - because at $325,482 average, you're likely sitting on more value than your city assessment suggests, and this window may not stay open.

Bottom line: Queen Alexandra is a neighbourhood where the houses are moving fast and the real values are higher than the city's paperwork shows. Don't make a six-figure decision based on a number that's already out of date.

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.