Queen Alexandra, Edmonton - September 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. Here's what's actually happening on the ground right now.

The HonestDoor Price vs. Your Tax Assessment

The city assessed the average Queen Alexandra house at $553,606. The average HonestDoor Price is $575,441. That's a $21,835 gap - and it matters. The HonestDoor Price updates in real time using actual market signals. Your city assessment is a snapshot from months ago. For houses, that real-world number sits about 3.94% above what the city has on file. For condos, the gap is even more dramatic: the city says $229,876, but the HonestDoor Price is $331,891 - a 44.38% difference. If you're making any financial decision based on your assessment alone, you're working with old information.

The Vibe: Houses vs. Condos - Two Very Different Stories

Houses

The house market in Queen Alexandra is holding steady, but it's taking a breather. Here's the quick picture for us homeowners on the house side:

• Average sale price: $515,000 - essentially flat right now
• Active listings averaging: $524,750
• Price per square foot: $395
• Homes are selling at 98.22% of list price - buyers are getting a small discount, but sellers aren't getting crushed
• Average days on market: 24 days - that's a moderately fast pace, ranking 23rd out of 112 Edmonton neighbourhoods
• 2 sales recorded this month
• Predicted market value: $583,368
• Rental yield: 5.49% - that's a strong return if you're thinking about holding and renting
• Estimated rent: $2,781 per month

The honest read here: houses are priced above average for Edmonton (ranking 142nd out of 285 neighbourhoods), they're moving at a decent clip, but the growth rank of 201st out of 291 tells us we're not in a hot-appreciation zone right now. Stable is the word. If you bought here for the long game, you're fine. If you're expecting a quick flip pop, this isn't that market at the moment.

Condos

The condo side is a more complicated picture, and we should be straight about it. Sales prices dropped 16.6% from last month, landing at an average of $207,375. Properties are sitting on the market for an average of 174 days - that's a slow burn, ranking 101st out of 112 Edmonton neighbourhoods for days on market. That number deserves attention.

• Average sale price: $207,375 - down 16.6% from last month
• Active listings averaging: $222,000
• Price per square foot: $233
• Condos selling at 95.83% of list price - buyers have real negotiating room here
• Average days on market: 174 days
• 4 sales recorded this month
• Predicted market value: $325,482
• Rental yield: 4.11% - moderate, but workable
• Estimated rent: $1,564 per month

The bright spot for condos: the HonestDoor Price growth rate ranks 56th out of 302 Edmonton neighbourhoods. That puts Queen Alexandra condos in the top performer tier on the neighbourhood leaderboard for appreciation momentum. The day-to-day sales market is slow, but the underlying value trend is pointing in the right direction. Those two things can coexist - and right now, they do.

The Neighbourhood Leaderboard - Where Does Queen Alexandra Stack Up?

Context matters. Here's how we sit compared to the neighbours:

• Garneau (just to the north): House HonestDoor Price of $676,083 - more expensive, but growing slower at 0.04% vs. our 0.08%
• Strathcona Junction: House HonestDoor Price of $451,501 - cheaper, and we don't have their growth data to compare
• Cpr Irvine: House HonestDoor Price of $459,035 - also cheaper, with our predicted house value of $583,368 sitting well above their $472,449

Queen Alexandra sits in a solid middle ground - not the cheapest option, not the priciest. For buyers who got priced out of Garneau, this neighbourhood is the logical next look.

So What Does This Mean If You're Thinking About Selling This Summer?

For house sellers: the window is reasonable but not wide open. Homes are moving in about 24 days, buyers are paying close to list price, and your HonestDoor Price likely sits above what the city has on file. Price it right from day one - the 98.22% sale-to-list ratio tells us overpriced homes don't get rescued by bidding wars here. Get your HonestDoor Price, use it as your anchor, and work with an agent who knows this specific pocket of Edmonton.

For condo sellers: be honest with yourself about the timeline. With 174 average days on market, a summer listing does not guarantee a summer sale. The good news is that the HonestDoor Price for condos here - $331,891 - is dramatically higher than the city's assessed value of $229,876. That gap means buyers using only assessment data to lowball you are working with the wrong number. Know your real value before you negotiate.

Bottom line: Queen Alexandra has 802 assessed properties, 42 total transactions in 2026, and a neighbourhood that's growing slowly but holding its value. It's not a market that rewards panic - in either direction. Check your HonestDoor Price, know where you actually stand, and make the move when it works for you.

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.