Rundle Heights, Edmonton - July 2026 Real Estate Report

Rundle Heights, Edmonton: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs in Rundle Heights, here's what's actually happening. The neighbourhood is holding steady, with 628 assessed properties and 29 house transactions recorded in 2026 so far. That transaction count ranks 54th across all of Edmonton - meaning we're one of the more active neighbourhoods in the city. Prices are moving, the rental numbers are solid, and the gap between what the city says your home is worth and what buyers will actually pay is significant. More on that in a second.

Houses: Affordable, Active, and Quietly Climbing

Let's talk houses first. The average sale price sits at $281,000, up 1.2% from last month. Price per square foot is around $259. Two homes sold recently, and they averaged 32 days on market - which Edmonton-wide ranks 30th out of 103 neighbourhoods for speed. That's a faster-than-average pace. Buyers are paying about 95.91% of list price, so there's a little room to negotiate, but not a lot.

• Average sale price: $281,000 (up 1.2% from last month)
• Price per square foot: $259
• Average days on market: 32
• Sale-to-list ratio: 95.91%
• Predicted market value (HonestDoor): $353,515
• 3-month moving average: $348,820
• Estimated monthly rent: $1,764
• Rental yield: 5.92%
• Growth rank: 100 out of 302 Edmonton neighbourhoods - above average
• Price rank: 273 out of 285 - one of the most affordable in Edmonton

That rental yield of 5.92% is genuinely strong. If you own a house here and you're thinking about renting it out instead of selling, the numbers support that conversation. And with the predicted market value at $353,515 - trending up from the 3-month average of $348,820 - the direction of travel is positive.

Condos: A Sleeper Hit for Growth

Here's where it gets interesting for condo owners. The average condo sale price jumped to $139,000 last month - up 39% from the month before. Yes, that's a big swing, and it's based on a small sample of 2 sales, so take it with some context. But the HonestDoor predicted value for condos sits at $322,631, up from a 3-month average of $322,631 - and the recent value change of 2.24% ranks 42nd out of 296 Edmonton neighbourhoods. That puts Rundle Heights condos among the top performers in the city right now.

• Average sale price: $139,000 (up 39% from last month)
• Average listing price: $144,000
• Price per square foot: $162
• Average days on market: 62
• Sale-to-list ratio: 95.35%
• Predicted market value (HonestDoor): $322,631
• Estimated monthly rent: $1,200
• Rental yield: 4.20%
• Growth rank: 42 out of 296 Edmonton neighbourhoods - top performer
• Price rank: 200 out of 220 - among the most affordable in Edmonton

Condos here are taking a little longer to sell - 62 days on average - but the growth trajectory is real. If you own a condo in Rundle Heights, you're sitting in a neighbourhood that's outpacing most of Edmonton on value growth, even if the absolute prices are still on the affordable end.

The Secret Sauce: Your HonestDoor Price vs. the City's Assessment

Here's the number that should get your attention. The city's average assessed value for a house in Rundle Heights is $338,217. The average HonestDoor Price is $355,222. That's a gap of over $17,000 - and the HonestDoor Price is already 5.03% higher than the Edmonton average assessed value. For condos, the gap is even more dramatic. The city's average assessed value is $138,534. The HonestDoor Price is $319,943. That's 130.95% higher than the assessed value.

Why does this matter? The city's assessment is a snapshot taken months ago, using broad formulas. It doesn't know about your renovated kitchen, the new fence, or what buyers are actually paying on your street right now. The HonestDoor Price pulls from real transaction data and updates in real time. It's the difference between what a government spreadsheet says and what a buyer will write a cheque for. If you're making any financial decision based on your home's value - refinancing, selling, even just knowing your net worth - the HonestDoor Price is the number to use.

The Neighbourhood Leaderboard

Want to know where Rundle Heights stands against the competition? Here's a quick look at nearby neighbourhoods and how we stack up.

• River Valley Rundle - HonestDoor Price $234,162, rental estimate $1,240. Cheaper than us, but growth data is unavailable.
• Beverly Heights - HonestDoor Price $392,679, rental estimate $2,023, growing at 0.09% year over year. Slightly more expensive, and growing at the same pace as us.
• Abbottsfield - HonestDoor Price $389,641, rental estimate $1,749. Slightly more expensive, growth data unavailable.

Rundle Heights sits in a sweet spot. We're more affordable than Beverly Heights and Abbottsfield, our rental returns are competitive, and our growth rank for condos (42nd out of 296) puts us ahead of most of the city. For buyers who got priced out of Beverly Heights, Rundle Heights is the logical next look.

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

Straight talk: this is not a market where you can overprice and wait. Buyers are paying around 95-96% of list price, and houses are sitting for about 32 days. That means pricing it right from day one matters more than ever. The good news is that the HonestDoor Price for houses - $355,222 - gives you a real-world anchor that's well above what the city assessed you at.

If you're a house owner, the predicted value of $353,515 is trending upward. Listing this summer, before the fall slowdown, puts you in front of buyers who are still active and motivated. With a rental yield of 5.92%, investors are watching this neighbourhood too - and that's a second pool of buyers working in your favour.

If you own a condo, the 62-day average time on market means you need to plan ahead. List in late June or early July to catch the summer window. The growth momentum is real - ranking 42nd in Edmonton is a genuine selling point - but the price point is still affordable enough that you need to market it to the right buyer, whether that's a first-timer or an investor eyeing that 4.20% rental yield.

Bottom line: Rundle Heights is a neighbourhood where the real value is ahead of what the city's paperwork says. Check your HonestDoor Price, price it honestly, and move before the leaves turn.

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.