Sakaw, Edmonton - October 2026 Real Estate Report
Sakaw, Edmonton: Your House Is Worth More Than the City Thinks - But It Depends Which Kind
The Vibe Right Now
If you own a house in Sakaw, you are sitting on more than you probably realize. If you own a condo, the picture is a bit more complicated - and you need to pay attention.
Sakaw is a split-personality market right now. Houses are punching well above their weight. Condos are taking a breather, and that breather has been going on long enough to notice.
Houses: The Good News
Let's start with what is working. The average house sale price in Sakaw is $474,904 this month - up 17.6% from last month. Buyers are paying above asking, with properties closing at 100.75% of list price on average. That means if you list at $474,850, you are likely walking away with a little extra in your pocket.
- Average sale price: $474,904
- Price per square foot: $410
- Sale-to-list ratio: 100.75% - buyers are competing
- HonestDoor predicted value: $622,837
- Estimated monthly rent: $2,530
- Rental yield: 5.70%
- Days on market: 40
The one flag worth watching: houses are sitting for 40 days on average, compared to 20 days in nearby Meyokumin. That gap matters. It tells us buyers in Sakaw are being a little more selective, even while they are paying over asking when they do commit. The 3-month moving average for predicted value is also dipping slightly - $635,062 down to $622,837 - so the peak may have just passed for houses.
On the neighbourhood leaderboard, Sakaw houses rank 133 out of 285 Edmonton neighbourhoods for growth. That puts us in the above-average half of the city - not leading the pack, but holding our own.
Condos: Time to Be Honest
We are not going to sugarcoat this one. The condo market in Sakaw is cooling. The average sale price dropped 10.9% from last month to $205,000. Properties are selling at 97.62% of list price, meaning buyers have room to negotiate. Only one condo sold this month.
- Average sale price: $205,000
- Price per square foot: $222
- Sale-to-list ratio: 97.62% - buyers have leverage
- HonestDoor predicted value: $183,274
- Estimated monthly rent: $1,004
- Rental yield: 4.33%
- Days on market: 25
- HonestDoor Price change: down 6.62% from previous period
The condo growth rank tells the real story: 254 out of 297 Edmonton neighbourhoods. That puts Sakaw condos near the bottom of the city for value growth right now. Nearby Meyokumin condos are outpacing us, with a predicted value of $209,624 versus our $183,274. The one silver lining - condos here sell fast when priced right, ranking 18th out of 113 neighbourhoods for days on market. Price it sharp and it moves.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here is the thing most Sakaw homeowners do not realize. The city's assessed value for a house here averages $397,781. The HonestDoor Price for the same house averages $623,734. That is a gap of 56.80% - meaning the city's number is understating what your home is actually worth in today's market by more than half.
Your tax assessment is a snapshot from the past. It does not update in real time. It does not know what sold on your street last week. The HonestDoor Price pulls from current transaction data - the 45 house sales that happened in Sakaw in 2026 - and recalculates constantly. That is the number a buyer's agent is going to reference when they walk through your door.
For condos, the story flips. The city assessed condos at an average of $209,142, but the HonestDoor Price sits at $171,141 - 18.17% lower. If you are a condo owner banking on your assessment to set your list price, you may be starting too high and wondering why it is not moving.
Bottom line: the assessment is what the city uses to calculate your taxes. The HonestDoor Price is what the market will actually pay. Those are two very different numbers right now in Sakaw.
The So What - Should You Sell This Summer?
If you own a house in Sakaw, this summer is a real window. Buyers are paying over asking, the HonestDoor Price is $622,837, and rental demand is strong enough that anyone who does not buy will likely rent - which keeps pressure on prices. The 40-day average days on market means you need to price it right from day one, not start high and chase the market down.
Compare that to your neighbours. Anthony Henday South East houses are averaging an HonestDoor Price of $823,377 - significantly higher than Sakaw. Meyokumin sits at $605,934 and is growing at the same 0.05% pace we are. Menisa is cheaper at $441,583 but growing faster at 0.10%. Sakaw sits in a comfortable middle ground - not the cheapest, not the most expensive, and that is actually a selling point for buyers who have been priced out of Anthony Henday.
If you own a condo in Sakaw, the honest advice is this: do not wait for the market to recover on its own. Values are down 6.62% from the previous period and the growth rank is near the bottom of the city. If you need to sell, price it aggressively - condos that are priced right are still moving in 25 days. If you can hold, the rental yield of 4.33% and estimated rent of $1,004 per month means renting it out is a reasonable option while you wait for the market to find its floor.
Either way, check your HonestDoor Price before you do anything else. It is the only number in this conversation that is actually keeping up with the market.
sakaw | edmonton | october 2026This 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.