Rundle Heights, Edmonton - August 2026 Real Estate Report

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

If you have been watching the "For Sale" signs in Rundle Heights and wondering what is actually going on with prices, here is the straight answer. The neighbourhood is holding steady, houses are moving fast, and the city's assessment number on your property tax bill is almost certainly selling you short.

The Vibe: Houses vs. Condos

We are seeing two pretty different stories play out right now depending on what you own.

Houses are the clear winner this season. The average sale price sits at $399,500, and homes are flying off the market in an average of just 14 days. That days-on-market rank is 13 out of 108 Edmonton neighbourhoods - meaning we are in the top tier for speed. Sellers are getting 97.36% of their list price, which is strong. The predicted market value for a house here is $355,616, nudging up from the 3-month average of $353,147. Rental yield comes in at 5.91%, which is a solid return if you are thinking about keeping the property as an investment.

• Average house sale price: $399,500
• Average days on market: 14
• Price per square foot: $307
• Sale-to-list ratio: 97.36%
• Rental yield: 5.91%
• Estimated monthly rent: $1,769

Condos are taking a bit of a breather. The average sale price dipped slightly to $137,500, down 1.1% from last month, and units are sitting on the market for about 52 days. That is slower than houses, but condos here still rank 43 out of 111 Edmonton neighbourhoods for days on market - so "slower" is relative. Buyers are paying 99.03% of list price, which means there is almost no room to lowball. Rental yield is 4.20%, which is moderate but still beats a lot of savings accounts.

• Average condo sale price: $137,500
• Average days on market: 52
• Price per square foot: $130
• Sale-to-list ratio: 99.03%
• Rental yield: 4.20%
• Estimated monthly rent: $1,195

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here is the thing most Rundle Heights homeowners do not realize. The city assessed the average house here at $338,217. The HonestDoor Price for that same house is $357,329. That is a $19,112 gap - and it matters.

City assessments are a snapshot from the past. They do not update in real time, and they do not reflect what a buyer would actually put on the table today. The HonestDoor Price is a live, real-world check on what your property is worth right now - not what it was worth when the city last ran its numbers. For houses, that HonestDoor Price is already up 0.59% from the previous period.

The condo story is even more dramatic. The average city assessment for a condo in Rundle Heights is $138,534. The HonestDoor Price is $324,894 - that is 134.52% higher than the assessed value. If a condo owner here is making any financial decision based on that assessment number, they are working with completely wrong information.

• House - City assessment: $338,217 vs. HonestDoor Price: $357,329
• Condo - City assessment: $138,534 vs. HonestDoor Price: $324,894
• House HonestDoor Price growth: up 0.59%
• Condo HonestDoor Price growth: up 1.55%

On the neighbourhood leaderboard, Rundle Heights house growth ranks 162 out of 292 Edmonton neighbourhoods. Not at the top, but solidly in the game. Condo growth ranks 192 out of 302. Both are below average for growth speed, but the price appreciation that has already happened here - especially for condos - is the real story.

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

If you own a house in Rundle Heights and you are thinking about listing this summer, the timing is not bad. Houses here are selling in two weeks on average. That is fast. Buyers are competitive, and with only 2 sales recorded recently, inventory is tight - which works in a seller's favour.

The honest advice? Do not price based on your tax assessment. Price based on your HonestDoor Price and what comparable homes are actually closing at. The gap between the city's number and the real market number is too big to ignore.

For condo owners, the picture is a little more patient. Prices dipped slightly last month and days on market are longer. That does not mean do not sell - it means price it right from day one. At $137,500 average and a 99.03% sale-to-list ratio, buyers are not negotiating much, but they are also not rushing.

Compared to nearby neighbourhoods, Rundle Heights sits in a reasonable spot. Beverly Heights houses average $394,086 on the HonestDoor scale and are growing at the same 0.09% pace. Abbottsfield is slightly higher at $398,272. We are the more affordable entry point in this pocket of Edmonton - and for buyers priced out of those neighbours, that makes Rundle Heights a logical next look.

• 32 house and condo transactions recorded in 2026 so far
• 628 properties assessed this year
• Neighbourhood growth: 0.09% year over year
• Total transaction rank in Edmonton: 55 - meaning we are an active market

Bottom line - Rundle Heights is not the flashiest market in Edmonton right now, but it is a real, active neighbourhood where houses move fast and the true value of your home is almost certainly higher than what the city is telling you. Check your HonestDoor Price before you make any move.

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.