Rundle Heights, Edmonton - September 2026 Real Estate Report

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

If you own a home in Rundle Heights and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment says one thing. The actual market says something else entirely. Here is what is really going on in our neighbourhood right now.

The Vibe: Houses vs. Condos in Rundle Heights

Houses - Steady, Not Sleepy

If you have been watching the "For Sale" signs on our streets, here is what is actually happening. Houses in Rundle Heights are selling at an average of $461,333, and listings are sitting at $467,966 right now. That gap is small, which tells us sellers are pricing close to reality. Buyers are paying about 98 cents on every listed dollar - so there is a little room to negotiate, but not much.

• Average sale price: $461,333
• Average list price: $467,966
• Price per square foot: $354
• Sale-to-list ratio: 97.96%
• Average days on market: 24
• Properties sold recently: 3
• Predicted market value: $357,726
• Rental yield: 5.91%
• Estimated monthly rent: $1,781

Twenty-four days on market is a decent clip. We are not in a frenzy, but houses are not sitting either. The rental yield of 5.91% is genuinely strong - if you are an investor eyeing Rundle Heights, that number is worth paying attention to. Our house growth rate ranks 109 out of 291 Edmonton neighbourhoods. That puts us in the above-average tier on the city leaderboard, which is a solid place to be.

Condos - Affordable Entry, Surprising Growth

Here is where things get interesting for condo owners. The average sale price is $137,500 and condos are spending about 52 days on market - a bit longer than houses, but the growth story is the real headline. Condo values in Rundle Heights have moved up 1.55% recently, and our growth rate ranks 52 out of 302 Edmonton neighbourhoods. That puts us in the top tier of the city leaderboard for condo growth. Not bad for a neighbourhood that does not always get the spotlight.

• Average sale price: $137,500
• Average list price: $137,950
• Price per square foot: $130
• Sale-to-list ratio: 99.03%
• Average days on market: 52
• Properties sold recently: 2
• Predicted market value: $324,894
• Rental yield: 4.20%
• Estimated monthly rent: $1,215

That sale-to-list ratio of 99.03% on condos is actually tighter than houses. Condo sellers here are pricing accurately and buyers are not pushing back hard. If you own a condo in Rundle Heights, the market is respecting your asking price.

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

This is the part we really want you to read. The city assessed the average Rundle Heights house at $338,217. The HonestDoor Price for that same house is $354,202. That is a $15,985 gap - and the HonestDoor Price is the one that reflects what buyers are actually paying in today's market, not what a government formula calculated months ago.

For condos, the gap is even more dramatic. The average city assessment sits at $138,534. The HonestDoor Price is $327,186. That is 136% higher than the assessed value. If a condo owner in Rundle Heights is making any financial decision based on their tax assessment alone - whether that is refinancing, selling, or just understanding their net worth - they are working with a number that is wildly out of date.

The HonestDoor Price updates in real time using actual transaction data. The city assessment is a snapshot from the past. One of these numbers helps you make a smart decision today. The other one just determines your tax bill.

• House assessed value: $338,217 - HonestDoor Price: $354,202 (4.73% higher than Edmonton average)
• Condo assessed value: $138,534 - HonestDoor Price: $327,186 (136.18% higher than Edmonton average)
• House HonestDoor Price change: -0.88% from last period (taking a small breather)
• Condo HonestDoor Price change: +0.71% from last period (moving up)

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

Here is the straight answer. If you own a house in Rundle Heights and you are thinking about listing this summer, the conditions are workable. Buyers are active enough that 24-day sales are happening. You are not going to get a bidding war frenzy, but you are also not going to sit on the market for months. Price it right and it moves.

The neighbourhood growth rate of 0.09% year over year is modest - this market is not running hot, but it is not sliding either. With 34 house transactions already recorded in 2026 and 628 properties assessed, there is real activity here. Rundle Heights ranks 66th in Edmonton for total transactions, which means we have a functioning, liquid market. Buyers can find us.

For condo owners, the story is actually more compelling right now. That 1.55% recent value change and a top-tier growth rank of 52 out of 302 neighbourhoods means momentum is on your side. If you have been waiting for a signal, this is a reasonable one.

One more thing worth knowing - Beverly Heights next door has an average HonestDoor Price of $385,233 for houses and is growing at the same 0.09% pace as us. Abbottsfield is sitting at $398,847. Rundle Heights is priced below both neighbours, which means buyers who get priced out of those areas look at us next. That is not a bad position to be in heading into summer.

Bottom line: check your HonestDoor Price before you do anything else. It takes two minutes and it gives you the real number - not the one the city mailed you.

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.