Quesnell Heights, Edmonton - October 2026 Real Estate Report
Quesnell Heights Real Talk: Your Home Is Worth More Than the City Thinks - But the Market Is Cooling Off
The Vibe Right Now
If you've been watching the "For Sale" signs in Quesnell Heights, here's what's actually happening. We're sitting in one of Edmonton's most expensive pockets - top 42 out of 285 neighbourhoods for price - but the market is taking a breather. The average sale price for houses is sitting at $775,000, and buyers are paying about 98.93% of list price. That means if you list at $800,000, expect offers closer to $791,000. Not a disaster, but not a bidding war either.
The good news for us? Homes are moving fast. Days-on-market ranks 18th out of 116 neighbourhoods in Edmonton. That means when a well-priced house hits the market here, it doesn't sit. The average is 19 days - which in a high-end neighbourhood is genuinely quick.
- Average sale price (Houses): $775,000
- Price per square foot: $532
- Sale-to-list ratio: 98.93% - buyers are paying just below asking
- Average days on market: 19 days
- Properties sold in 2026 so far: 8 total transactions
- Properties assessed this year: 122
The Secret Sauce - Your HonestDoor Price vs. What the City Says
Here's the number that matters most right now. The city's average assessed value for Quesnell Heights is $1,119,549. That sounds solid until you check the HonestDoor Price, which puts the average at $1,222,844. That's a $103,295 gap - and it's not a rounding error.
Government assessments are snapshots frozen in time. They don't react to what sold last month or what buyers are doing right now. The HonestDoor Price is a real-world check - updated continuously using actual market activity. For Quesnell Heights, it's running 9.23% higher than the city's number. If you're making any financial decision based on your tax assessment alone, you're working with old information.
One thing to flag honestly: the HonestDoor Price has dipped 0.50% from the previous period, and the predicted market value of $1,238,779 is trending down from the 3-month moving average of $1,255,993. Values have shifted -4.23% recently. The market here isn't crashing - but it's not climbing either. Knowing your real number right now matters more than ever.
- City assessed value (average): $1,119,549
- HonestDoor Price (average): $1,222,844
- Gap in your favour: approximately $103,295
- HonestDoor Price change: -0.50% from last period
- 3-month moving average: $1,255,993 - current value is trending below this
- Recent value change: -4.23%
The Neighbourhood Leaderboard
Let's be straight about growth. Quesnell Heights ranks 249 out of 285 Edmonton neighbourhoods for price growth. Year-over-year growth is 0.03%. That puts us near the bottom of the leaderboard for appreciation right now. Compare that to neighbours like Rio Terrace (0.06% growth) and Laurier Heights (0.04% growth) - both cheaper and growing faster.
What does that mean practically? Quesnell Heights is a prestige address - ranked 4th in Edmonton for average assessed value. But right now, buyers looking for growth momentum have other options nearby at lower price points. River Valley Laurier averages a HonestDoor Price of $674,780. Rio Terrace sits at $775,279. Laurier Heights comes in at $943,064. All three are cheaper than us, and two of them are outpacing us on growth.
- Quesnell Heights growth rank: 249 out of 285 - bottom tier for appreciation
- Assessed value rank in Edmonton: 4th - one of the priciest addresses in the city
- River Valley Laurier - HonestDoor Price $674,780 - rental estimate $3,064
- Rio Terrace - HonestDoor Price $775,279 - rental estimate $3,408 - growing at 0.06%
- Laurier Heights - HonestDoor Price $943,064 - rental estimate $3,961 - growing at 0.04%
The So What - Should You Sell This Summer?
If you're thinking about listing this summer, here's the honest read. You're in a high-value neighbourhood with fast-moving inventory - 19 days on market is a real advantage. Buyers who want Quesnell Heights want it specifically, and there aren't many homes to choose from. Only 8 transactions in 2026 so far. Low supply with motivated buyers is still a decent hand to play.
But price it right from day one. Buyers are landing at 98.93% of list price - they're not panicking and overbidding. If you come in too high hoping to negotiate down, you'll sit. And in a market where values have already moved -4.23% recently, sitting costs you money.
The rental picture is strong if you're not ready to sell. Average rental estimate is $4,698 per month with a yield of 4.52%. Airbnb potential runs around $233-234 per night, and Quesnell Heights ranks 18th in Edmonton for Airbnb income. Holding the asset while the market finds its footing is a legitimate strategy here.
Bottom line - check your HonestDoor Price before you do anything. The city's assessment is not your selling price. Your real number is likely higher than you think, but it's also moving. Get the current figure, price with confidence, and move while buyers are still active this summer.
quesnell heights | 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.