Queen Mary Park, Edmonton - September 2026 Real Estate Report

Queen Mary Park, Edmonton: Your Neighbour Just Got a Surprise on Their Assessment - Here's Why You Should Check Yours Too

The Vibe Right Now

If you've been watching the "For Sale" signs on your block, here's what's actually happening in Queen Mary Park. The story is different depending on whether you own a house or a condo - and the gap between the two is bigger than most people realize.

Houses: Prices Are Up, But the Market Is Catching Its Breath

The average house sale price hit $483,750 this month - that's a 23.4% jump from last month. Before you get too excited, context matters. We're working with 2 sales this month, so one strong deal can move that number fast. Still, that's a real signal worth watching.

• Average sale price: $483,750 (up 23.4% from last month)
• Average list price: $474,900
• Price per square foot: $390
• Sold-to-list ratio: 98.44% - buyers are paying just under asking
• Average days on market: 61 days
• HonestDoor predicted value: $600,418
• Estimated monthly rent: $2,721 - rental yield of 5.52%

Here's the thing about 61 days on market - that's actually faster than Central McDougall, where houses are sitting for 83 days. So while we're not in a frenzy, Queen Mary Park houses are moving quicker than some of our neighbours. The predicted value of $600,418 is dipping slightly from the 3-month average of $605,596, which tells us the market is taking a breather. Not falling - just pausing.

On the neighbourhood leaderboard, houses here rank 241 out of 291 for growth. That's bottom-tier territory for price appreciation. Worth knowing before you price your home based on wishful thinking.

Condos: A Different Story Entirely

The condo side of Queen Mary Park is where things get interesting - and a little complicated. The average condo sale price dropped to $167,043 this month, down 26.7% from last month. That's a significant dip. Properties are sitting for 88 days on average, which is longer than Central McDougall's 83 days. The sold-to-list ratio is 94.59%, meaning buyers are negotiating real discounts off asking price.

• Average sale price: $167,043 (down 26.7% from last month)
• Average list price: $175,871
• Price per square foot: $194
• Sold-to-list ratio: 94.59%
• Average days on market: 88 days
• HonestDoor predicted value: $417,985
• Estimated monthly rent: $1,607 - rental yield of 4.09%

But here's where it gets wild. The average assessed value for condos here is $167,349 - and the HonestDoor Price is $424,084. That's 153% higher than the city's assessment. If you own a condo in Queen Mary Park and you're relying on your tax assessment to understand what your unit is actually worth, you're working with a number that's completely out of step with reality.

On the growth leaderboard, condos rank 72 out of 302 neighbourhoods in Edmonton. That puts us in the top quarter for growth - a bright spot in an otherwise cooling picture. Transaction volume tells the same story: 67 condo sales in 2026 ranks 6th in all of Edmonton. People are buying here.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

The city's assessed values in Queen Mary Park are frozen in time. For houses, the average assessment sits at $498,271. The HonestDoor Price is $591,172. That's an $92,901 gap - and it's the difference between what the city thinks your home is worth and what the real world is actually paying.

For condo owners, that gap is even more dramatic. A $167,349 assessment versus a $424,084 HonestDoor Price isn't a rounding error - it's a completely different financial picture. If you're making decisions about refinancing, selling, or even just understanding your net worth, using the city's number is like navigating with a map from five years ago.

The HonestDoor Price updates in real time using actual transaction data. It's the real-world check that your annual tax notice simply cannot provide. Check yours at HonestDoor before you make any move.

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

Here's the straight talk for Queen Mary Park homeowners weighing a summer sale.

If you own a house - you have a window, but it's not wide open. The predicted value of $600,418 is trending slightly down from recent months, and the growth rank of 241 out of 291 means appreciation isn't doing the heavy lifting for you. The good news is you're selling faster than Central McDougall, and your HonestDoor Price is sitting nearly $93,000 above the city's assessment. Price it right and you can move it. Price it on ego and you'll be sitting for 61-plus days watching buyers negotiate you down.

If you own a condo - the market is cooling on price, but the transaction volume here is exceptional. Ranking 6th in all of Edmonton for condo sales means buyers are active in this neighbourhood. The catch is that 88 days on market and a 94.59% sold-to-list ratio tell you buyers have options and they know it. If you're selling, come in sharp on price. The HonestDoor Price of $417,985 is your anchor - not the $175,871 average list price currently sitting on the market.

Bottom line - Queen Mary Park is a neighbourhood where the numbers on paper and the numbers in real life are telling two very different stories. The homeowners who know the difference are the ones who come out ahead.

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.