South Terwillegar, Edmonton - September 2026 Real Estate Report

South Terwillegar Real Talk: Your Home Is Worth More Than You Think - But the Window Is Shifting

The Vibe Right Now

If you've been watching the "For Sale" signs around South Terwillegar lately, here's what's actually happening. The market is taking a breather on the house side, while condos are quietly holding their ground. These two stories are running in the same neighbourhood at the same time, and which one matters to you depends entirely on what you own.

Houses: The Honest Picture

We saw 17 houses sell this month, and the average sale price came in at $452,965 - down 12% from last month. That's a number worth paying attention to. Listings are sitting at an average of $405,780, and homes are spending about 29 days on the market before moving. Buyers are paying 98.41% of list price, which means they're negotiating, but not dramatically. Price per square foot is running around $385.

The predicted market value for a South Terwillegar house sits at $532,922, which is actually slightly ahead of the 3-month moving average of $532,954. So while the recent sale numbers look soft, the forward-looking data isn't falling off a cliff. Property values have shifted by -0.93% recently, and on the neighbourhood growth leaderboard, houses rank 221 out of 291 Edmonton neighbourhoods. That puts us in the below-average tier for growth right now - worth knowing if you're thinking long-term.

• Average sale price: $452,965 (down 12% month over month)
• Average list price: $405,780
• Price per square foot: $385
• Days on market: 29
• Sale-to-list ratio: 98.41%
• Predicted market value: $532,922
• Estimated monthly rent: $2,642
• Rental yield: 5.57%
• Growth rank: 221 out of 291 Edmonton neighbourhoods

Condos: The Quiet Outperformer

Here's where it gets interesting. South Terwillegar condos are actually doing better than the house numbers suggest. Four condos sold this month at an average of $269,700, and the predicted market value is $223,359 - trending up from the 3-month moving average of $222,174. That's a 1.15% recent gain, which puts condos at rank 64 out of 302 Edmonton neighbourhoods for growth. That's above average, and it's a real bright spot.

Condos are sitting on the market for 46 days on average, but that's actually faster than nearby Terwillegar Towne at 49 days. Buyers are paying 92.81% of list price, so there's room to negotiate, but demand is real. Price per square foot is around $247, and the rental yield comes in at 4.28% - moderate, but steady.

• Average sale price: $269,700
• Average list price: $188,555
• Price per square foot: $247
• Days on market: 46
• Sale-to-list ratio: 92.81%
• Predicted market value: $223,359
• Estimated monthly rent: $1,207
• Rental yield: 4.28%
• Growth rank: 64 out of 302 Edmonton neighbourhoods

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

Here's the thing about your city assessment. It's a snapshot from months ago, calculated using a formula that doesn't know what happened on your street last Tuesday. The average assessed value for houses in South Terwillegar is $525,086. The average HonestDoor Price is $521,819 - already 0.62% lower, and it's been updated to reflect what the market is actually doing right now, including that recent -2.08% shift.

For condos, the gap is even bigger. The average assessed value is $244,040, but the average HonestDoor Price is $220,704 - that's 9.56% lower than what the city has on file. If you're a condo owner using your assessment to make a financial decision, you could be working with a number that's off by more than $23,000. That's not a rounding error. That's real money.

The HonestDoor Price is the real-world check. It pulls in recent sales, current listing activity, and neighbourhood trends to give you a number that reflects today - not last year's tax roll.

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

If you own a house in South Terwillegar and you're thinking about listing this summer, the honest advice is: don't wait too long. The predicted value of $532,922 is still solid, but the recent sale trend is softening and buyers are negotiating. You're not in a panic situation, but the window where you could price aggressively and expect multiple offers has narrowed. Price sharp, present well, and move with intention.

If you own a condo, the picture is actually more encouraging. Values are ticking up, you're selling faster than some nearby neighbourhoods, and your growth rank of 64 out of 302 puts you in a genuinely competitive position. A well-priced condo in South Terwillegar right now has a real audience.

Either way, the first step is checking your HonestDoor Price before you call an agent or set a number in your head. With 102 total property transactions recorded in 2026 across 2,100 assessed properties, there's enough real data flowing through this neighbourhood to give you an accurate read - and that read is available right now, not at next year's assessment.

South Terwillegar is a neighbourhood with 0.06% year-over-year growth on the house side and 0.10% on the condo side. It's not the fastest-growing corner of Edmonton, but it's stable, it transacts well - ranking 15th in Edmonton for total transaction volume - and it has real rental income potential. Know your number, time your move, and don't let a stale assessment be the thing that costs 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.