Steinhauer, Edmonton - August 2026 Real Estate Report

Steinhauer Real Estate Check-In: Solid Ground, But Watch the Signals

If you live in Steinhauer and you have been wondering whether your home is holding its value, the short answer is yes - but the picture is a little different depending on whether you own a house or a condo. Here is what is actually happening on your street right now.

The Vibe: Houses vs. Condos

Houses - Still Strong, Taking a Breather

We saw the average house sale price come in at $515,000 this period, which is down 5.6% from last month. That sounds alarming, but context matters. Only 1 house sold - down 50% from the month before - so one transaction can swing that number hard. The HonestDoor Price for houses sits at $492,207, which is actually up 0.66% from the previous period. That is the more reliable signal for us as homeowners.

• Average HonestDoor Price (Houses): $492,207 - up 0.66%
• Average Sale Price: $515,000
• Average List Price: $520,000
• Price Per Square Foot: $356
• Sale-to-List Ratio: 99.04% - buyers are getting a slight discount
• Average Days on Market: 7 days - ranked 6th out of 108 neighbourhoods in Edmonton
• Predicted Market Value: $488,976 - trending up from the 3-month average of $483,204
• Estimated Monthly Rent: $2,464 with a rental yield of 5.65%
• Properties Assessed: 605
• Transactions in 2026: 29

That days-on-market rank is a big deal. Ranking 6th out of 108 Edmonton neighbourhoods means houses here move fast. If you price it right, you are not sitting on the market waiting. Buyers are showing up. On the neighbourhood leaderboard for growth, Steinhauer houses rank 120 out of 292 - solidly above average in Edmonton.

Condos - Cheap to Buy Fast, But Values Are Drifting

The condo side of Steinhauer tells a different story. The HonestDoor Price for condos has slipped 2.58% to $231,464, and the predicted market value of $237,600 is trending slightly below the 3-month average of $240,216. The market is not in freefall, but it is taking a breather. One condo sold this period at $430,000 - well above the average listing price of $299,900 - which tells us that sale was likely an outlier unit, not a trend.

• Average HonestDoor Price (Condos): $231,464 - down 2.58%
• Average Assessed Value: $245,341
• Price Per Square Foot: $217
• Sale-to-List Ratio: 99.20%
• Average Days on Market: 8 days - ranked 2nd out of 111 neighbourhoods in Edmonton
• Predicted Market Value: $237,600
• Estimated Monthly Rent: $1,291 with a rental yield of 4.28%
• Properties Assessed: 135
• Transactions in 2026: 8

Condos here rank 2nd out of 111 Edmonton neighbourhoods for days on market. That is remarkable speed. And on price, Steinhauer condos rank 26th out of 218 neighbourhoods - meaning we are among the more expensive condo markets in the city. On the growth leaderboard, condos rank 174 out of 302, which puts us slightly below average. Not a red flag, but worth watching.

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

Your city assessment is a snapshot taken months ago, based on data that is already old by the time it lands in your mailbox. For houses in Steinhauer, the average city assessment sits at $491,410. The HonestDoor Price is $492,207 - nearly identical, but updated in real time as the market moves. For condos, the gap is bigger. The city says $245,341. HonestDoor says $231,464. That is a $13,877 difference - and if you are making a financial decision based on the city number, you could be working with the wrong figure.

The HonestDoor Price is your real-world check. It pulls in current sales data, market trends, and neighbourhood signals to give you a number that reflects what a buyer would actually pay today - not what a government formula calculated last year.

The So What - Thinking About Selling This Summer?

Here is the honest read for Steinhauer homeowners considering a summer sale.

If you own a house, the conditions are genuinely good. Homes are selling in about 7 days, values are ticking up, and the rental yield of 5.65% means investors are paying attention to this neighbourhood. Buyers are paying 99% of list price, so you are not leaving much on the table if you price it right. The one caution - with only 29 transactions in 2026 so far, this is a thin market. Pricing accurately matters more than ever because there are not a lot of comparable sales to hide behind.

If you own a condo, the speed is on your side - ranked 2nd in Edmonton for how fast condos sell. But the HonestDoor Price has dipped 2.58%, and the predicted value is trending slightly lower. If you are thinking about selling, sooner is probably better than waiting to see if values recover. The rental yield of 4.28% is moderate, so investors will be selective.

Compared to neighbours, Duggan condos are cheaper and Ermineskin houses are significantly pricier. Steinhauer sits in a comfortable middle ground - accessible enough to attract buyers, established enough to hold value. That is a decent place to be heading into summer.

• Neighbourhood year-over-year growth: 0.10%
• House growth rank: 120 out of 292 in Edmonton - above average
• Condo growth rank: 174 out of 302 in Edmonton - slightly below average
• Average rental estimate (houses): $2,478 per month
• Average Airbnb estimate (houses): $123 per night

Bottom line - Steinhauer is not a neighbourhood in trouble. It is a neighbourhood where paying attention to the right numbers right now will make the difference between a good sale and a great one.

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.