South Terwillegar, Edmonton - October 2026 Real Estate Report
South Terwillegar, Edmonton: Real Talk for Homeowners in 2026
The Vibe Right Now
If you live on one of these streets and you have been quietly wondering what your place is actually worth, here is the honest answer: it depends a lot on whether you own a house or a condo. These two markets are telling very different stories right now.
Houses - Still Moving, But Watch the Numbers
Houses in South Terwillegar are holding up reasonably well. The average sale price sits at $465,909, which is up 2.9% from last month. That sounds good on the surface. But here is the thing - only 11 houses sold last month, down 35.3% from the month before. Fewer deals closing means less data to lean on, so take that price bump with a grain of salt.
- Average sale price: $465,909 (up 2.9% month over month)
- Average list price this month: $471,580
- Price per square foot: $407
- Sale-to-list ratio: 98.22% - buyers are getting a small discount
- Average days on market: 25
- Properties sold last month: 11
- Predicted market value: $521,819
- Estimated monthly rent: $2,596 with a rental yield of 5.59%
Days on market is 25, which ranks 24th out of 116 Edmonton neighbourhoods. That means houses here sell faster than most of the city. If your place is priced right, it is not sitting around collecting dust. The predicted market value of $521,819 is actually sliding a bit - it is down from the 3-month moving average of $530,894. Values have dipped 2.08% recently, and on the neighbourhood growth leaderboard, South Terwillegar houses rank 151 out of 285. That puts us in the below-average tier for growth right now. Not a crisis, but not a hot streak either.
Condos - Taking a Breather
The condo side is where we need to have a more honest conversation. Only 3 condos sold last month, down 25% from the month before. The average sale price dropped to $181,667 - that is down 32.6% month over month. Now, with only 3 sales, one unusual deal can swing that number hard. But the trend lines are pointing in one direction.
- Average sale price: $181,667 (down 32.6% month over month)
- Average list price this month: $187,633
- Price per square foot: $230
- Sale-to-list ratio: 96.69% - buyers have some negotiating room
- Average days on market: 63
- Properties sold last month: 3
- Predicted market value: $220,704
- Estimated monthly rent: $1,194 with a rental yield of 4.29%
Sixty-three days on market is a long wait. Terwillegar Towne condos are moving in 49 days by comparison. On the growth leaderboard, South Terwillegar condos rank 187 out of 297 Edmonton neighbourhoods. Below average. The predicted value of $220,704 is also notably lower than nearby Terwillegar Towne at $257,278. If you own a condo here and are thinking about selling, timing and pricing are everything right now.
The Secret Sauce - Your HonestDoor Price vs. Your Assessment
Here is something most neighbours do not realize. The city's assessed value for houses here averages $525,086. But the HonestDoor Price - which pulls from real-time sales data, not a once-a-year government snapshot - comes in at $520,286. That is 0.91% lower than the assessed value. For condos, the gap is even bigger. The average assessed value is $244,040, but the HonestDoor Price is $215,437. That is 11.72% lower than what the city has on the books.
Why does this matter? Because your tax assessment is a rear-view mirror. It reflects what the market looked like months ago. The HonestDoor Price is updated continuously using actual transaction data. If you are making a decision about selling, refinancing, or even just figuring out if your property taxes make sense, the HonestDoor Price is the number to look at first. The condo gap alone - nearly 12% - is the kind of difference that changes a conversation with your realtor or your bank.
The So What - Thinking About Selling This Summer?
If you own a house in South Terwillegar and are considering listing this summer, the window is open but it is not wide open. Houses are selling in about 25 days when priced correctly, and buyers are paying close to list price. The market is not on fire, but it is functional. With 115 total property transactions in 2026 and South Terwillegar ranking 13th in Edmonton for total transaction volume, there is real activity here. Price it sharp and you will find a buyer.
If you own a condo, be realistic. The market is cooling. Sixty-three days on market, a predicted value that is trending down, and a growth rank of 187 out of 297 all say the same thing - buyers have options and they know it. That does not mean you cannot sell, it means you need to price it based on where the market is today, not where it was a year ago. Pull your HonestDoor Price before you have that first conversation with a realtor. It will keep you grounded.
One more thing worth knowing - the neighbourhood growth rate for South Terwillegar overall is 0.06% year over year. Mactaggart next door is growing at the same pace but with an average HonestDoor Price of $962,145 for houses. Terwillegar Towne is slightly pricier than us for both houses and condos. We are not the cheapest option in the area, and we are not the most expensive. We are the middle of the road - which for a lot of buyers is exactly what they are looking for.
south terwillegar | 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.