Rapperswill, Edmonton - September 2026 Real Estate Report

Rapperswill Real Talk: Your Home Is Worth More Than the City Thinks

If you own a home in Rapperswill and you have not checked your HonestDoor Price lately, now is the time. The city's average assessed value sits at $513,100 - but the average HonestDoor Price is already at $514,800. That gap is small, but the story behind it matters a lot for what you do next.

The Vibe: What Is Actually Happening in Our Neighbourhood

Let's be straight with each other. Rapperswill is not on fire right now, but it is not falling apart either. The market is taking a breather. Here is how houses and condos are each telling their own story.

Houses: Steady, But Watch the Trend

If you have been watching the "For Sale" signs on our streets, here is what is actually happening. Houses sold for an average of $512,600 this month - down 1.9% from last month. Listings are sitting at $523,000 on average. Buyers are paying 99.93% of list price, which means they are getting a very small discount, but a discount nonetheless. Prices dipping and buyers nudging below list price are two signs the house market is cooling.

The good news? Our houses are moving fast. The average days on market is 18 days, which beats nearby Canossa at 21 days. When it comes to speed of sale, we are near the top of the Edmonton leaderboard - ranked 17th out of 112 neighbourhoods tracked. That is a strong signal that buyers still want in.

• Average sale price: $512,600 (down 1.9% from last month)
• Average list price: $523,000
• Price per square foot: $447
• Sale-to-list ratio: 99.93%
• Average days on market: 18 days
• Properties sold this month: 5
• Predicted market value: $523,108
• Estimated monthly rent: $2,614
• Rental yield: 5.59%
• Growth rank: 195 out of 291 Edmonton neighbourhoods
• Days-on-market rank: 17 out of 112 (very fast)
• Price rank: 122 out of 285 (above average)

That 5.59% rental yield is worth pausing on. For anyone thinking about holding a house as a rental, that is a strong return by Edmonton standards. The Airbnb potential is modest at around $130 per month, so long-term tenants are the smarter play here.

Condos: A Quiet Outperformer

Here is something we do not talk about enough in Rapperswill - our condos are quietly doing well. The average HonestDoor Price for a condo is $520,000, and it is up 2.09% from the previous period. That is the opposite direction from houses right now, and it is worth noting.

The predicted market value for condos is $509,350, which is climbing above the 3-month moving average of $503,550. That upward momentum is a good sign. Growth ranks 141st out of 302 Edmonton neighbourhoods - placing condos in the above-average tier on the city leaderboard.

• Average HonestDoor Price: $520,000 (up 2.09%)
• Predicted market value: $509,350
• 3-month moving average: $503,550
• Estimated monthly rent: $2,570
• Rental yield: 3.81%
• Airbnb estimate: $130 per night
• Growth rank: 141 out of 302 Edmonton neighbourhoods (above average)

The rental yield on condos comes in at 3.81% - moderate, not spectacular. But with values trending up and the HonestDoor Price sitting well above nearby condo options in Canossa ($276,848), Albany ($258,019), and Dunluce ($164,671), Rapperswill condos are clearly in a different league on our side of the city.

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

Here is the thing about your city assessment. It is a snapshot taken months ago, processed through a formula, and mailed to you. It does not know what sold on your street last Tuesday. It does not adjust for the fact that buyers are moving fast in Rapperswill - 18 days on market fast.

The HonestDoor Price is updated in real time using actual transaction data. Right now, the average HonestDoor Price of $514,800 is already 0.33% above the city's average assessed value of $513,100. That might sound like a small number, but on a $500,000 home, that is real money sitting on the table - money you would not know about if you only looked at your assessment notice.

With 1,120 properties assessed in Rapperswill and 58 transactions recorded in 2026, there is enough real market activity here to make the HonestDoor Price a reliable, current read on what your home is actually worth today - not what the city guessed it was worth last year.

The So What: Should You Sell This Summer?

If you are thinking about listing this summer, here is the honest take. The house market is softening slightly - prices are down month over month and buyers are getting small discounts. But homes are still selling in 18 days, which means serious buyers are out there. You are not walking into a dead market.

The window to get top dollar is not wide open, but it is not closed either. Pricing sharp and close to the HonestDoor Price of $514,800 gives you the best shot at a fast sale without leaving money behind. Overpricing into the $523,000 listing average range right now, when buyers are already nudging below list, is a risk.

For condo owners, the picture is actually a bit brighter. Values are trending up, and you are sitting above average in Edmonton's neighbourhood growth rankings. If you have been on the fence, this summer could be a decent time to move.

• Neighbourhood overall growth: 0.04% year over year
• Total transaction rank in Edmonton: 42nd (solid activity)
• Average assessed value rank: 122nd in Edmonton
• Average rental estimate (neighbourhood): $2,579 per month
• Average Airbnb estimate (neighbourhood): $128 per night

Bottom line - Rapperswill is a stable, mid-to-upper tier Edmonton neighbourhood with fast-moving inventory and real rental income potential. Check your HonestDoor Price before you make any moves. It is the most current number you have got.

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.