Queen Mary Park, Edmonton - July 2026 Real Estate Report

Queen Mary Park Real Estate Update: Your Assessment Is Lying To You

If you own a home in Queen Mary Park and you're still quoting your city assessment to people, stop. The gap between what the city thinks your place is worth and what buyers are actually paying is significant - and it matters for every decision you make this year.

The Vibe: What's Actually Happening On Our Streets

Queen Mary Park is a neighbourhood of two very different stories right now, depending on whether you own a house or a condo. Here's the honest breakdown.

Houses: Fast Off The Market, But Prices Are Softening

If you've been watching the "For Sale" signs in Queen Mary Park, here's what's actually happening with houses. The market is taking a breather. The average sale price sits at $396,000, which is down 12% from last month. Only 1 house sold recently - down 50% from the month before. That's a thin slice of data, so don't panic, but it's worth paying attention.

The silver lining? When houses do sell here, they move fast. Days-on-market ranks 9th out of 103 Edmonton neighbourhoods. That puts us near the very top of the city for speed. Buyers who want in are not sitting around.

• Average sale price: $396,000 (down 12% from last month)
• Average list price: $500,000
• Sale-to-list ratio: 100% - sellers are getting full ask
• Price per square foot: $419
• Average days on market: 10
• HonestDoor Price: $605,483
• Rental yield: 5.51% - that's strong
• Estimated monthly rent: $2,751
• Neighbourhood growth rank: 188 out of 302 Edmonton neighbourhoods

That growth rank puts us in the below-average tier on the Edmonton leaderboard right now. We're not leading the pack, but we're not at the bottom either. Think of it as mid-table - steady, not spectacular.

Condos: Slow To Sell, But Buyers Are Active

The condo picture in Queen Mary Park is a different animal. Six condos sold recently, which is consistent with the prior month - that's stable. But the average days on market is 188 days. That ranks 97th out of 108 Edmonton neighbourhoods for speed. In plain terms: condos here are sitting. If you're a condo seller, you need to price sharp and be patient.

Buyers are paying about 92.6% of list price on condos - meaning they're negotiating roughly $15,000 off on a typical deal. That's a buyers' market dynamic, even as sale prices nudged up 2.2% from last month to $154,500.

• Average sale price: $154,500 (up 2.2% from last month)
• Average list price: $202,967
• Sale-to-list ratio: 92.6% - buyers are winning negotiations
• Price per square foot: $191
• Average days on market: 188
• HonestDoor Price: $413,895
• Rental yield: 4.09% - moderate but workable
• Estimated monthly rent: $1,629
• Total transactions in 2026: 55 - ranks 8th in Edmonton for condo volume
• Neighbourhood growth rank: 145 out of 296 Edmonton neighbourhoods

That transaction rank of 8th in Edmonton is worth noting. A lot of condo deals are happening here relative to the rest of the city. The activity is real - it just takes longer to close.

The Secret Sauce: Why Your HonestDoor Price Is The Number That Actually Matters

Here's the thing about city assessments. They're calculated once a year using data that's already months old by the time it lands in your mailbox. The city has Queen Mary Park houses assessed at an average of $498,707. The HonestDoor Price for the same houses is $605,483. That's a $106,776 gap. For condos, the city assessment averages $167,349 - but the HonestDoor Price is $413,895. That's a 147% difference.

The HonestDoor Price pulls from real-time market signals - recent sales, current listing activity, and neighbourhood trends - not a snapshot from last year. If you're making any decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is your real-world check. The assessment is a tax document. Don't confuse the two.

For context, our HonestDoor Price is 21.41% higher than the Edmonton average assessed value. That tells you Queen Mary Park is punching above its assessed weight in the real market.

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, the timing has some nuance to it. Prices have softened recently, but the speed of sale is genuinely impressive - 10 days on market is fast by any Edmonton standard. The key is pricing it right from day one. Overpriced houses in a cooling market sit. Correctly priced houses here disappear.

For condo owners, summer is a reasonable window but you need to go in with realistic expectations. Buyers are negotiating, and 188 days on market is the current reality. Price it to move, not to test the market.

For both property types, check your HonestDoor Price before you have any conversation with an agent. It gives you an independent, up-to-date baseline so you're not walking into negotiations blind.

One more thing worth knowing - Oliver next door has houses trading at a HonestDoor Price of $733,969, and Central McDougall is at $667,735. Queen Mary Park houses at $605,483 are still a relative value play compared to our immediate neighbours. That's a real selling point for buyers who've been priced out of those areas.

Bottom line: Queen Mary Park is active, the data is mixed, and your city assessment is not telling you the full story. Know your real number before you make a move.

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.