Queen Mary Park, Edmonton - October 2026 Real Estate Report
Queen Mary Park, Edmonton: Your Home Is Worth More Than The City Thinks
If you own a place in Queen Mary Park and you have not checked your HonestDoor Price lately, you are probably sitting on a number that would surprise you. The city's assessment and what your home is actually worth in today's market are two very different conversations right now.
The Vibe: What's Happening With Houses and Condos
Let's break it down for us locals, because houses and condos are telling two different stories on our streets right now.
Houses - Taking a Breather
If you have been watching the "For Sale" signs in Queen Mary Park, here is what is actually happening with houses. The average sale price came in at $391,250 this period - that is down 19.1% from last month. Only 2 homes sold, and listings are sitting at an average ask of $320,000. Buyers are paying about 94.53% of list price, so there is room to negotiate if you are buying.
- Average sale price: $391,250
- Average list price: $320,000
- Price per square foot: $368
- Average days on market: 14 days
- Sale-to-list ratio: 94.53%
- Properties sold: 2
The good news? Houses here are selling fast. Our days-on-market rank is 13 out of 116 neighbourhoods in Edmonton - that puts us near the very top for speed. Homes are not sitting. They are moving. The price dip looks like a short-term cooling, not a collapse. The HonestDoor predicted value for houses sits at $592,201, which is actually higher than what recent sales reflect. That gap is worth paying attention to.
On the neighbourhood leaderboard, Queen Mary Park houses rank 98 out of 285 Edmonton neighbourhoods for growth. That is solidly above average - not the flashiest number on the board, but well ahead of the pack.
Condos - A Slower Burn
The condo side of Queen Mary Park is a different picture. Four condos sold this period, down 42.9% from last month, and they averaged $149,212 - down 10.7%. Properties are sitting on the market for an average of 124 days, which is a long time. Buyers are paying 97.37% of list, so there is less wiggle room on price, but the slow pace means sellers need to be patient or sharp on their pricing strategy.
- Average sale price: $149,212
- Average list price: $178,000
- Price per square foot: $171
- Average days on market: 124 days
- Sale-to-list ratio: 97.37%
- Properties sold: 4
Here is the interesting part for condo owners though. The HonestDoor predicted value for condos is $424,084, and that number is actually trending up against the 3-month moving average of $418,654. So while sales activity is slow, the underlying value signal is moving in the right direction. On the growth leaderboard, Queen Mary Park condos rank 69 out of 297 Edmonton neighbourhoods. That is a strong position.
One more thing worth noting - we had 70 condo transactions in 2026 total, and our total transaction rank is 6 out of all Edmonton neighbourhoods. Queen Mary Park condos trade hands a lot. That kind of liquidity matters when you are thinking about your exit.
The Secret Sauce: Your HonestDoor Price vs. The City's Assessment
Here is the thing about your city assessment. It is a snapshot taken months ago, based on data that is even older. It does not know what happened on your street last week. The HonestDoor Price is updated in real time, and right now it is telling a very different story than the city's numbers.
For houses in Queen Mary Park, the average assessed value is $498,411. The average HonestDoor Price is $594,869. That is a gap of nearly $100,000 - or 19.35% higher than what the city says your home is worth. If you are making any financial decision based on your tax assessment alone, you are working with an outdated number.
For condos, the gap is even more striking. The average assessed value is $167,349. The average HonestDoor Price is $403,215. That is 140.94% higher than the city's figure. The assessment and the real world are barely having the same conversation.
The HonestDoor Price is the real-world check. Use it.
The "So What?" - Thinking About Selling This Summer?
If you are a house owner in Queen Mary Park and you are thinking about listing this summer, the market is not broken - it is just recalibrating. Homes are still selling fast (14 days on average), and your HonestDoor Price of $594,869 gives you a strong anchor for what the market actually supports. Price it right and you will not be waiting long.
If you own a condo and are thinking about selling, you need to go in with realistic expectations. The 124-day average market time means you should list early and price competitively. The good news is that the HonestDoor predicted value is trending up, and Queen Mary Park condos rank in the top quarter of Edmonton for growth. The fundamentals are not bad - the market just needs more time to move right now.
For both property types, the rental numbers are worth keeping in your back pocket. Houses are pulling an estimated $2,686 per month in rent with a 5.53% rental yield. Condos are at $1,623 per month with a 4.09% yield. If selling this summer does not feel right, holding and renting is a legitimate play with real returns behind it.
Bottom line - Queen Mary Park is not the cheapest neighbourhood in Edmonton, but it is not trying to be. It sits in a solid middle ground, moves faster than most, and the gap between assessed value and real market value means a lot of owners here are wealthier on paper than they realize. Check your HonestDoor Price. Know your number before anyone else does.
queen mary park | 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.