South Terwillegar, Edmonton - July 2026 Real Estate Report

South Terwillegar, Edmonton: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you own a house in South Terwillegar and you have been watching the market, here is the short version: things are moving fast and prices are climbing. Houses are selling in an average of 19 days, and 16 homes changed hands last month alone - up 14.3% from the month before. The average sale price hit $513,219, which is a 10.4% jump from last month. That is not a typo.

Condos are a different story. Only 4 sold this month, sitting on the market for an average of 71 days. Compare that to nearby Mactaggart (54 days) and Terwillegar Towne (49 days), and it is clear the condo side of our neighbourhood is taking a breather. Prices are still holding - the average condo sale came in at $294,912 - but buyers have more time and more leverage right now.

Houses vs. Condos - Breaking It Down

• House average sale price: $513,219 - up 10.4% from last month
• Houses selling at 99.91% of list price - sellers are getting almost exactly what they ask
• Average days on market for houses: 19 days (ranked 18th fastest out of 103 Edmonton neighbourhoods)
• House price per square foot: $531
• House rental yield: 5.58% - that is a strong return if you are thinking about holding
• Condo average sale price: $294,912 - up just 0.7% from last month
• Condos selling at 96.38% of list price - buyers are negotiating a discount
• Average days on market for condos: 71 days
• Condo rental yield: 4.28% - moderate, but still positive

We have 81 house transactions and 58 condo transactions recorded in 2026 so far. That transaction volume on the house side ranks 14th in all of Edmonton. We are not a sleepy neighbourhood - people are buying and selling here at a serious pace.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here is something worth paying attention to. The city assessed the average South Terwillegar house at $525,086. The HonestDoor Price for the same house is $537,941. That is a $12,855 gap - and it is not a rounding error. The HonestDoor Price updates in real time using actual market activity. Your city assessment is a snapshot from months ago, frozen in time while the market kept moving.

For houses, the HonestDoor Price sits 2.45% above the average Edmonton assessed value. That means if you are pricing a sale based on your tax notice, you are likely leaving money on the table before the first showing even happens.

On the condo side, the picture flips. The average condo HonestDoor Price is $220,821, which is 9.51% below the city's assessed value of $244,040. If you own a condo and you are using the assessment to set expectations, you may be in for a surprise. The HonestDoor Price is the real-world check - it reflects what buyers are actually paying today, not what the city guessed last year.

• House HonestDoor Price: $537,941 - up 1.88% from the previous period
• House predicted market value: $528,001
• Condo HonestDoor Price: $220,821 - down 0.68% from the previous period
• Condo predicted market value: $222,341

The Neighbourhood Leaderboard

Where does South Terwillegar stack up against the rest of Edmonton? For houses, we rank 131 out of 302 neighbourhoods for growth - solidly above average. For condos, the growth rank is 165 out of 296, which puts us just below the midpoint. Neither number is alarming, but the house side is clearly the stronger performer right now.

Look at the neighbours for context. Mactaggart houses are averaging an HonestDoor Price of $983,019 - nearly double ours - and growing at the same 0.06% rate. Terwillegar Towne houses sit at $598,842, slightly above us and growing a touch slower. Anthony Henday Terwillegar comes in well below at $352,222. South Terwillegar is sitting in a comfortable middle ground - not the cheapest, not the priciest, and still moving.

So What - Should You Sell This Summer?

If you own a house in South Terwillegar, the case for listing this summer is real. Homes are selling in under three weeks, buyers are paying 99.91% of list price, and the average sale price just jumped over 10% in a single month. That kind of momentum does not last forever. Getting your HonestDoor Price now gives you a current, data-backed number to anchor your strategy - not a stale government figure.

If you own a condo, patience is the word. With 71 days on market and buyers negotiating below list, rushing to list right now means competing in a slower pool. Watch the next 60 days. If transaction volume picks up and days on market start dropping, that is your signal.

Either way, the first move is the same - check your HonestDoor Price at HonestDoor.com and see what the market actually says your property is worth today. No waiting for a tax notice. No guessing.

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.