Queen Mary Park, Edmonton - August 2026 Real Estate Report

Queen Mary Park, Edmonton: Your Home Is Worth More Than The City Thinks - Here's The Proof

If you've been glancing at your city assessment and wondering if that number is actually what your place is worth, the short answer is no. Not even close. The real numbers tell a more interesting story - and depending on whether you own a house or a condo here, the gap is either surprising or jaw-dropping.

The Vibe: Houses vs. Condos in Queen Mary Park

Let's break down what's actually happening on our streets right now, because houses and condos are telling two very different stories.

Houses - Taking a Breather

Our houses are in a cooling phase, and the numbers back that up. The average sale price sits at $392,000, down 1.0% from last month. Listings are averaging $409,000, and buyers are landing deals at about 95.84% of list price - meaning they're negotiating real money off the asking price. That's not panic, but it's not a seller's paradise either.

• Average sale price: $392,000 (down 1.0% from last month)
• Average list price: $409,000
• Price per square foot: $308
• Sale-to-list ratio: 95.84% - buyers are winning negotiations
• Average days on market: 120 days
• HonestDoor predicted value: $608,002
• Estimated monthly rent: $2,739
• Rental yield: 5.51%

That 120-day average is the number we need to talk about. Homes in nearby Central McDougall are moving in 83 days. Ours are sitting significantly longer. If you're a seller, that's the market telling you something about pricing strategy. If you're a buyer, that's leverage sitting right in your hands.

On the neighbourhood leaderboard, our houses rank 189 out of 292 for growth - below average for Edmonton. Days-on-market rank is 94 out of 108, which puts us near the bottom for selling speed. Price rank is 208 out of 285. We're not leading the pack right now, but that also means there's room to move.

Condos - A Different Animal Entirely

Our condo market is doing something wild. The average sale price jumped to $228,000 - up 47.6% from last month. Before you get too excited, that's based on 1 sale, so treat it as a data point, not a trend. But the underlying numbers are still worth paying attention to.

• Average sale price: $228,000 (up 47.6% from last month)
• Average list price: $239,900
• Price per square foot: $216
• Sale-to-list ratio: 95.04% - still below list price
• Average days on market: 37 days
• HonestDoor predicted value: $413,895
• Estimated monthly rent: $1,601
• Rental yield: 4.09%

Condos are moving faster than houses - 37 days versus 120. That's a real difference. Compared to Prince Rupert nearby at 24 days, we're a bit slower, but we're not stalled. On the leaderboard, condos rank 247 out of 302 for growth - bottom tier for Edmonton. Price rank is 158 out of 218. The market here is moderate, not hot.

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

Here's where things get genuinely interesting for Queen Mary Park homeowners. The city's assessed value for a house here averages $498,271. The HonestDoor Price for that same house? $599,584. That's a $101,313 gap - 20.33% higher than what the city has on file.

For condos, the gap is almost hard to believe. The average city assessment is $167,349. The average HonestDoor Price is $417,985. That's 149.77% higher than the assessed value. The city's number and the real-world number are not even in the same conversation.

Why does this matter? Because the city assessment is a snapshot taken months ago using broad formulas. The HonestDoor Price pulls from actual recent sales, current market signals, and real-time data. If you're making any financial decision - refinancing, selling, even just understanding your net worth - using the city's number is like navigating with an old map. The HonestDoor Price is the real-world check that tells you where you actually stand today.

The condo HonestDoor Price has also ticked up 0.99% from the previous period, while the house price is down a slight 0.97%. Small moves, but they point in opposite directions - and that matters if you're timing a decision.

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

If you own a house in Queen Mary Park and you're thinking about listing this summer, here's the honest take: the market is taking a breather. Prices are dipping, homes are sitting for 120 days on average, and buyers are negotiating below list price. That doesn't mean don't sell - it means price it right from day one. Overpricing in this market is the fastest way to become a stale listing.

The good news? Your HonestDoor Price of around $608,000 is significantly above what most buyers might expect based on assessed values. That's a real story to tell - you just need to tell it with the right number upfront.

For condo owners, the picture is a bit more nuanced. Values have slipped 2.17% recently and the 3-month moving average is trending down from $421,061 to $413,895. If you've been sitting on the fence, waiting isn't obviously working in your favour right now. A rental yield of 4.09% means holding as an investment is decent but not exceptional.

One more thing worth noting: Queen Mary Park had 59 condo transactions in 2026 so far, ranking 7th in all of Edmonton for total condo transaction volume. That means buyers are active here. The demand exists. It's about meeting the market where it is, not where we wish it was.

• Thinking of selling a house? Price sharp, move fast, and lean on your HonestDoor Price as your anchor.
• Thinking of selling a condo? The window is open but values are drifting down - sooner is likely better than later.
• Thinking of renting instead? A house here pulls an estimated $2,721 per month. That's a real number worth running against your carrying costs.
• Curious what your place is actually worth right now? Check your HonestDoor Price before you do anything else.

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.