Ramsay Heights, Edmonton - September 2026 Real Estate Report

Ramsay Heights Real Estate Update: Your Neighbour's Assessment Is Already Out of Date

The Vibe Right Now

If you own a home in Ramsay Heights and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment says your house is worth $636,046. The real world says something different - and the gap is worth knowing about.

Houses: What's Actually Happening

The house market here is showing some interesting signals. The average sale price hit $444,000 last month, up 17.8% from the month before. That sounds exciting, but keep it in context - only 1 house sold, down 50% from the previous month, and it sat on the market for 43 days before finding a buyer. We're not in a frenzy. We're in a market where the right house, priced right, still moves.

• Average sale price: $444,000 (up 17.8% from last month)
• Average list price this month: $458,266
• Price per square foot: $246
• Sold-to-list ratio: 97.51% - buyers are negotiating, and getting results
• Average days on market: 43
• HonestDoor predicted market value: $702,597
• 3-month moving average: $695,071 - values are trending up
• Estimated monthly rent: $3,261
• Rental yield: 5.25%

On the neighbourhood leaderboard, Ramsay Heights houses rank 130 out of 291 Edmonton neighbourhoods for growth - solidly above average. Days on market ranks 42 out of 112, meaning homes here sell moderately fast compared to the rest of the city. Price rank sits at 221 out of 285, which tells us we're more affordable than most - and that's actually a selling point right now when buyers are stretched thin.

How do we stack up against the neighbours? Our average sale price of $444,000 beats Rhatigan Ridge ($398,250) but trails Bulyea Heights ($474,000). We're in good company, sitting right in the middle of a competitive pocket of southwest Edmonton.

Condos: A Different Story

The condo side of Ramsay Heights is where things get a little complicated. The city's average assessed value for condos here is $249,286. But the HonestDoor Price tells a very different story at $185,421 - that's 25.62% below the assessed value. If you own a condo here and you're making financial decisions based on your tax assessment, you may be working with inflated numbers.

• Average condo sale price: $144,000
• Price per square foot: $144
• Sold-to-list ratio: 99.07% - condos are selling very close to asking
• Average days on market: 21
• HonestDoor predicted market value: $187,346
• 3-month moving average: $185,758 - values are creeping up
• Estimated monthly rent: $1,015
• Rental yield: 4.30%
• Year-over-year neighbourhood growth: 0.16%

On the condo leaderboard, Ramsay Heights ranks 74 out of 302 Edmonton neighbourhoods for growth - that's a strong position. The days-on-market rank is even better: 16 out of 112, meaning condos here move fast. Price rank is 91 out of 216, putting us above average in the city for condo pricing. Compared to nearby Bulyea Heights condos (average HonestDoor Price $468,028), we're in much more affordable territory - which is exactly what entry-level buyers are hunting for right now.

One flag worth noting: condos here are taking 21 days to sell versus 16 days in nearby Bulyea Heights. The market is still moving, but it's taking a small breather compared to some neighbours.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Notice

Here's the thing about Edmonton's assessed values - they're calculated once a year using data that's already months old by the time it lands in your mailbox. The city assessed the average Ramsay Heights house at $636,046. The HonestDoor Price right now is $675,824. That's a $39,778 difference - and it's the number that actually reflects what buyers are doing in today's market, not last year's.

For condos, the gap runs the other direction. The city says $249,286. HonestDoor says $185,421. If you're a condo owner thinking about refinancing, selling, or even just understanding your net worth, the assessed value could be giving you a false sense of security.

The HonestDoor Price updates in real time using actual transaction data. Your tax assessment does not. That's the difference between a snapshot and a live feed.

So What? What This Means If You're Thinking About Selling This Summer

For house owners, the picture is cautiously optimistic. Values are trending up - the predicted market value of $702,597 is climbing past the 3-month average of $695,071. The rental yield of 5.25% means investors are paying attention to this neighbourhood. But with only 1 sale last month and 43 days on market, you need to price sharp. Buyers here are negotiating - that 97.51% sold-to-list ratio proves it. Come in too high and you'll sit.

For condo owners, the fast days-on-market (21 days, ranked 16th in the city) is your friend. Condos that are priced realistically - meaning closer to the HonestDoor Price of $185,421 than the assessed value of $249,286 - are moving. The ones that chase the assessment number are the ones collecting dust.

Bottom line for anyone in Ramsay Heights thinking about a summer sale: check your HonestDoor Price first. It's the number that reflects what a buyer will actually put on the table - not what the city calculated from data that's already a year old.

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.