Queen Alexandra, Edmonton - October 2026 Real Estate Report
Queen Alexandra, Edmonton: Your Neighbour Just Got More Than They Expected
If you own a home in Queen Alexandra and you have not checked your HonestDoor Price lately, you are probably leaving money on the table. The city's assessment is one number. What your property is actually worth right now is another - and in this neighbourhood, the gap is real.
The Vibe: What Is Happening on Our Streets Right Now
Queen Alexandra is not making headlines, but it is quietly doing the work. With 802 assessed properties and 46 transactions already recorded in 2026, there is steady activity here. The neighbourhood is growing at 0.08% year over year - not explosive, but consistent. Think of it as a slow burn rather than a flash in the pan.
Here is the split on what we are seeing across property types:
Houses in Queen Alexandra
- Average sale price: $566,167 - up 9.9% from last month
- Average listing price this month: $524,750
- Price per square foot: $409
- Properties sold at 98.22% of list price - buyers are close to full ask
- Only 3 sales last month, but that is up 50% from the month before
- Average days on market: 24 - that is a fast-moving property
- Days-on-market rank: 23 out of 116 neighbourhoods in Edmonton - we are near the top of the speed chart
- Predicted market value: $575,441
- Rental yield: 5.51% with an estimated $2,747 per month in rent
- Growth rank: 94 out of 285 Edmonton neighbourhoods - solidly above average
Houses here are moving fast and selling close to asking. The 24-day average is not a fluke - Queen Alexandra ranks 23rd out of 116 Edmonton neighbourhoods for speed of sale. If your house is priced right, it is not sitting around.
Condos in Queen Alexandra
- Average sale price: $234,667 - up 13.2% from last month
- Average listing price this month: $224,702
- Price per square foot: $287
- Properties sold at 95.24% of list price
- 3 sales last month, down 25% from the month before
- Average days on market: 40
- Predicted market value: $331,891 - trending up against the 3-month average of $326,149
- Rental yield: 4.10% with an estimated $1,583 per month in rent
- Growth rank: 59 out of 297 Edmonton neighbourhoods - that puts condos here in the top performers category
The condo story is interesting. Sales volume dipped slightly, but prices jumped 13.2% in a single month and the predicted value is climbing above the 3-month trend. The growth rank of 59 out of 297 puts Queen Alexandra condos in genuinely strong company across the city. Fewer sales does not mean less demand - it can mean less supply.
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here is the thing about your city assessment - it is a snapshot from months ago, built on a formula, not on what buyers are actually paying right now. In Queen Alexandra, the gap between those two numbers is significant.
- Houses: Average assessed value is $553,606. The HonestDoor Price is $577,216 - that is $23,610 more, or 4.26% above the assessed value
- Condos: Average assessed value is $229,876. The HonestDoor Price is $323,550 - that is a $93,674 difference, or 40.75% above the assessed value
That condo gap is not a typo. If you own a condo in Queen Alexandra and you are using your tax assessment as a mental anchor for what it is worth, you could be undervaluing your own asset by tens of thousands of dollars. The HonestDoor Price updates in real time using actual transaction data. The city assessment does not work that way.
For houses, the HonestDoor Price is up 0.31% from the previous period. For condos, it has pulled back 2.51% - worth watching, but the predicted value is still trending upward on the 3-month view. That short-term dip does not erase the long-term picture.
The "So What?" - Should You Sell This Summer?
If you are a house owner thinking about listing this summer, the timing is not bad. Houses are selling in 24 days on average, buyers are paying 98 cents on the dollar, and prices are up nearly 10% month over month. That kind of momentum does not last forever. Getting your property in front of buyers while the pace is this quick is worth serious consideration.
For condo owners, the picture is a bit more nuanced. Prices are rising and the growth rank is strong, but sales volume dipped and buyers are landing at 95% of list price. You can still sell well - just price it sharp from day one rather than testing the ceiling and waiting.
Either way, do not walk into a listing conversation armed only with your city assessment. The HonestDoor Price is your real-world check - the number that reflects what is actually happening in Queen Alexandra right now, not what a government formula calculated months ago.
Compared to nearby neighbourhoods, Garneau runs higher at an average HonestDoor Price of $682,674 for houses. Strathcona Junction and Cpr Irvine come in cheaper. Queen Alexandra sits in a solid middle ground - accessible enough to attract buyers, established enough to hold value. That is a good place to be when you are thinking about selling.
queen alexandra | 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.