Queen Mary Park, Edmonton - June 2026 Real Estate Report

Queen Mary Park, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home in Queen Mary Park and you have not checked your HonestDoor Price lately, you are probably sitting on more equity than you realize. The city's assessment tells one story. The real market tells another - and the gap is significant.

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 is the honest breakdown.

Houses - Fast-Moving, But Watch the Price Shift

Houses in Queen Mary Park are selling quickly. We are talking an average of 10 days on market - that ranks us 10th out of 103 Edmonton neighbourhoods for speed. That is genuinely fast. When a house hits the market here, buyers are paying attention.

• Average sale price this month: $400,000 (down 14.0% from last month)
• Average listing price: $500,000
• Price per square foot: $412
• Sale-to-list ratio: 100% - sellers are getting full asking price
• Properties sold this month: 1
• HonestDoor predicted market value: $610,862
• 3-month moving average: $602,006 - values are trending up
• Estimated monthly rent: $2,763
• Rental yield: 5.50%
• Growth rank: 51 out of 305 Edmonton neighbourhoods

The month-over-month price dip looks alarming at first glance, but context matters. With only 1 sale this month, a single transaction can swing the average hard. The 3-month moving average is actually climbing, and our growth rank of 51st out of 305 puts us in the top 17% of Edmonton neighbourhoods. That is a leaderboard position worth paying attention to.

The market is taking a breather on price, but the fundamentals - speed of sale, full asking price, rising predicted values - are still solid.

Condos - A Buyer's Window That Won't Stay Open Forever

The condo side of Queen Mary Park is clearly in a buyer's market right now. Prices are down, days on market are longer, and buyers are negotiating below list. If you are thinking about getting into the neighbourhood, this is your moment.

• Average sale price this month: $126,000 (down 27.2% from last month)
• Price per square foot: $157
• Sale-to-list ratio: 96% - buyers are getting small discounts
• Properties sold this month: 4
• Average days on market: 44 days
• HonestDoor predicted market value: $426,216
• 3-month moving average: $419,001 - values are still trending up
• Estimated monthly rent: $1,638
• Rental yield: 4.09%
• Growth rank: 63 out of 295 Edmonton neighbourhoods

Condos are sitting longer than nearby Prince Rupert (44 days here vs. 24 days there), and that tells us buyers have options and they know it. But here is the thing - the HonestDoor predicted value is still climbing above the 3-month average, and a growth rank of 63rd out of 295 puts us in the top 21% of the city. The short-term softness does not erase the longer trend.

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

Here is the number that should make every Queen Mary Park homeowner stop scrolling.

The city's average assessed value for a house here is $498,707. The average HonestDoor Price is $607,521. That is a gap of nearly $109,000 - or 21.82% higher than what the city has on file. For condos, the gap is even more dramatic. The average assessed value is $167,349, while the HonestDoor Price sits at $423,071. That is 152.81% higher than the city's number.

Government assessments are snapshots frozen in time. They are based on past data and broad formulas. The HonestDoor Price pulls from real-time market activity, actual comparable sales, and current demand signals. It is the difference between what a bureaucrat calculated last year and what a buyer would actually pay today.

If you are making any financial decision - refinancing, selling, even just understanding your net worth - the assessed value is the wrong number to use. The HonestDoor Price is your real-world check.

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

If you own a house in Queen Mary Park and you are thinking about listing this summer, here is the straight talk.

The market is moving fast - 10 days on average. Sellers who priced right got 100% of their asking price. The predicted value of $610,862 is above the 3-month average, which means momentum is on your side heading into summer. A growth rank of 51st out of 305 neighbourhoods is a real selling point - you are in a top-tier growth area, not a middle-of-the-pack one.

The month-over-month price drop looks like a red flag, but with only 1 transaction driving that number, it is more of a blip than a trend. Watch the 3-month average - that is the honest signal, and it is pointing up.

For condo owners, the picture is more honest. It is a buyer's market right now. If you do not need to sell this summer, waiting for the current softness to pass is a reasonable call. If you do need to sell, price sharp from day one - the 96% sale-to-list ratio tells you buyers are negotiating, so do not give them extra room to work with.

Either way, start by knowing your actual number. Pull your HonestDoor Price before you call an agent, set a list price, or make any move. The city's assessment is not your friend here - the gap between what Edmonton thinks your home is worth and what the market will actually pay is too big to ignore.

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.