Schonsee, Edmonton - October 2026 Real Estate Report
Schonsee Real Estate Right Now: Houses Are Flying, Condos Are a Different Story
If you live in Schonsee and you haven't checked your home's actual market value lately, you're probably working off a number that doesn't tell the full story. Here's what's really going on in our corner of northeast Edmonton.
The Vibe: Houses vs. Condos - Two Very Different Markets
We are not in a one-size-fits-all market right now. Houses and condos in Schonsee are behaving like completely different animals, and if you own one, you need to know which side of the fence you're on.
Houses - Sellers, this one's for you. Ten houses sold last month, and they averaged $528,203 - up 7.4% from the month before. The wild part? Buyers paid 100.03% of the list price on average. That means people are going over asking. Homes are sitting on the market for just 12 days, which ranks us 11th out of 116 Edmonton neighbourhoods for speed. That is fast. If you've been on the fence about listing, the house market is telling you something loud and clear right now.
- Average sale price: $528,203 (up 7.4% month over month)
- Average list price this month: $399,900
- Price per square foot: $272
- Sale-to-list ratio: 100.03% - buyers are paying above asking
- Average days on market: 12
- Properties sold last month: 10
- Days-on-market rank: 11 out of 116 Edmonton neighbourhoods - very fast
- Price rank: 90 out of 285 - above average for Edmonton
Condos - A bit of a waiting game. The condo side is a different conversation. Only 3 condos sold last month, and while that's up 50% from the month before, the sample size is small enough that we shouldn't read too much into it. Buyers paid 96.66% of list price, meaning sellers are giving a little ground. Average days on market hit 88 days - that's a slower pace, ranking 67th out of 113 Edmonton neighbourhoods. The average sale price jumped to $336,933, up 38.8% month over month, but again - three sales. Take that swing with a grain of salt.
- Average sale price: $336,933 (up 38.8% month over month - small sample)
- Average list price this month: $381,400
- Price per square foot: $122
- Sale-to-list ratio: 96.66% - buyers have some negotiating room
- Average days on market: 88
- Properties sold last month: 3
- Growth rank: 122 out of 297 Edmonton neighbourhoods - above average
- Price rank: 76 out of 218 - above average for Edmonton
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula, not on what buyers are actually doing in Schonsee right now. The HonestDoor Price is updated in real time using live market data. That's the number that actually matters when you're making a financial decision.
For houses, the average HonestDoor Price is $583,880. The city's average assessed value is $584,112. Those are almost identical right now - a gap of just 0.04%. That's a rare alignment, and it tells us the assessment is reasonably close to reality for houses at this moment. But that can shift fast, especially in a market where sale prices are moving 7.4% in a single month.
For condos, the gap is much bigger and it matters more. The average assessed value is $267,391. The average HonestDoor Price is $232,428 - that's 13.08% lower than the assessment. If you're a condo owner using your tax assessment to gauge what your unit is worth, you may be overestimating by a meaningful margin. The HonestDoor Price is the reality check here.
- House HonestDoor Price: $583,880 (up 0.08% from last period)
- House assessed value: $584,112 - gap is nearly zero
- Condo HonestDoor Price: $232,428 (down 2.13% from last period)
- Condo assessed value: $267,391 - HonestDoor Price is 13.08% lower
- Total properties assessed in Schonsee this year: 1,749 (1,274 houses, 475 condos)
The Neighbourhood Leaderboard
Where does Schonsee stack up against the rest of Edmonton? For houses, our growth rate ranks 146 out of 285 neighbourhoods - right in the middle of the pack. Not leading the charge, but not falling behind either. Our neighbours are actually outpacing us slightly on growth. Crystallina Nera West is growing at 0.08% year over year and Mayliewan at 0.07%, compared to Schonsee houses at a recent change of -2.01%. Both are also priced lower - Crystallina Nera West at $537,490 and Mayliewan at $530,559 - which means buyers looking for value may be eyeing those streets instead of ours.
For condos, we rank 122 out of 297 on growth - above average. And our predicted condo value of $237,493 edges out nearby Crystallina Nera West at $233,749, which is a small but real advantage if you're selling.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Schonsee, the summer window looks genuinely good. Buyers are paying over asking, homes are gone in under two weeks, and the predicted market value for houses sits at $583,441. The one flag to watch - that number is trending down from the 3-month moving average of $592,285. The market is strong right now, but it may be softening slightly. Listing sooner rather than later could be the smarter play.
If you own a condo, patience and pricing are everything. With 88 days on market and buyers negotiating below list, you need to come in priced right from day one. The HonestDoor Price of $232,428 is your anchor - not the assessed value of $267,391. Sellers who price off the assessment risk sitting on the market while buyers walk next door.
Either way, the first step is the same - check your HonestDoor Price today. It's free, it's current, and it's the number that reflects what Schonsee buyers are actually paying right now. Not what the city guessed your home was worth last year.
- House rental estimate: $2,832 per month - rental yield of 5.48%
- Condo rental estimate: $1,262 per month - rental yield of 4.28%
- House Airbnb estimate: $141 per night
- Condo Airbnb estimate: $63 per night
- Total house transactions in 2026 so far: 67
- Total condo transactions in 2026 so far: 21
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.