Steinhauer, Edmonton - October 2026 Real Estate Report
Steinhauer Real Estate Update: Your House Is Worth More Than the City Thinks - Or Is It?
If you live in Steinhauer and you have been glancing at your latest city assessment, here is the honest version of what is actually going on in your neighbourhood right now. The numbers tell two very different stories depending on whether you own a house or a condo - and both are worth paying attention to.
The Vibe: Houses vs. Condos in Steinhauer
Houses - Fast Sales, But Watch the Trend
We are seeing houses move quickly here. The average days on market is just 7 days, which puts us at rank 6 out of 116 Edmonton neighbourhoods for speed. That is elite territory. When a house hits the market in Steinhauer, it does not sit around.
The average sale price this month is $557,500, up 8.3% from last month, and sellers are getting 99.04% of list price. Buyers are paying close to full ask, which tells you demand is real. Listings are averaging $520,000 right now, and price per square foot sits at $315.
That said, the predicted market value for houses is $479,005, and that number is actually drifting down from the 3-month moving average of $486,729. Property values have shifted -2.68% recently, placing us at rank 195 out of 285 Edmonton neighbourhoods for growth. That is below average. So yes, houses sell fast here - but the underlying value trend is taking a breather. Keep that in mind if you are planning to hold for appreciation.
- Average sale price: $557,500 (up 8.3% from last month)
- Average listing price: $520,000
- Price per square foot: $315
- Sale-to-list ratio: 99.04%
- Average days on market: 7
- Properties sold this month: 2
- Predicted market value: $479,005
- Rental yield: 5.67%
- Estimated monthly rent: $2,422
- Growth rank: 195 out of 285 Edmonton neighbourhoods
- Days-on-market rank: 6 out of 116 (very fast)
- Price rank: 113 out of 285 (above average)
Condos - A Top Performer Hiding in Plain Sight
Here is where it gets interesting for us condo owners. The average sale price dropped to $220,000 this month, which looks alarming on the surface - down 48.8% from last month. But with only 1 sale recorded, that swing is a sample size issue, not a market collapse. One sale does not make a trend.
What actually matters is the direction of the underlying value. The predicted market value for condos is $239,021, and that number is climbing - up from the 3-month moving average of $236,028. Recent value change is up 3.27%, which ranks us 37 out of 297 Edmonton neighbourhoods for condo growth. That is top-tier. We are in the top 13% of the city for condo value momentum.
Condos also sell fast here - average 8 days on market, ranking 3rd out of 113 Edmonton neighbourhoods. And at a price rank of 34 out of 218, Steinhauer condos sit among the most expensive in the city. Rental yield comes in at 4.28% with estimated monthly rent of $1,299.
- Average sale price: $220,000 (1 sale this month - treat with caution)
- Average listing price: $299,900
- Price per square foot: $215
- Sale-to-list ratio: 99.20%
- Average days on market: 8
- Predicted market value: $239,021
- Rental yield: 4.28%
- Estimated monthly rent: $1,299
- Growth rank: 37 out of 297 Edmonton neighbourhoods (top performer)
- Days-on-market rank: 3 out of 113 (very fast)
- Price rank: 34 out of 218 (among the most expensive)
The Secret Sauce: Why Your HonestDoor Price Matters More Right Now
Here is the thing about your city assessment. It is a snapshot taken months ago, using data that is even older than that. It does not know what happened on your street last week. It does not adjust for the fact that 32 house transactions and 11 condo transactions have already closed in Steinhauer in 2026.
The HonestDoor Price is the real-world check. For houses, the average HonestDoor Price is $480,836 - that is 2.15% lower than the city's average assessed value of $491,410. For condos, the HonestDoor Price is $240,732, sitting 1.88% below the average assessed value of $245,341. In both cases, the city is pricing Steinhauer properties slightly higher than where the live market actually sits.
The HonestDoor Price updates based on real transactions and current market signals. It has already moved - up 0.38% for houses and up 0.72% for condos from the previous period. Your tax assessment has not caught up to any of that. If you are making a financial decision - refinancing, selling, buying out a partner - use the number that reflects today, not last year.
- House HonestDoor Price: $480,836 (up 0.38%)
- House assessed value: $491,410 (2.15% higher than HonestDoor Price)
- Condo HonestDoor Price: $240,732 (up 0.72%)
- Condo assessed value: $245,341 (1.88% higher than HonestDoor Price)
- Total properties assessed in Steinhauer: 740 (605 houses, 135 condos)
The "So What?" - Thinking About Selling This Summer?
If you own a house in Steinhauer and you are thinking about listing this summer, the timing argument is real. Houses are selling in 7 days and buyers are paying 99% of list price. That is a strong environment to list into. The catch is that the predicted value trend is softening slightly, so waiting another 6 months is not obviously better than moving now.
For condo owners, the story is actually more compelling than the headlines suggest. Condo values are trending up, the growth rank is top 13% in Edmonton, and properties are flying off the market in 8 days. If you have been sitting on the fence, the underlying data supports a serious conversation about listing.
Compare that to your neighbours. Ermineskin houses are priced at $730,544 - significantly higher than Steinhauer - but growing slower at 0.09% versus our 0.10%. Duggan houses sit at $487,305, slightly above us, also growing slower. Steinhauer is not the cheapest option in the area, but it is holding its own on growth while offering better value than Ermineskin.
The bottom line for anyone thinking about selling: Steinhauer is a fast-moving market right now. Homes do not linger. If your price is right, you will not be waiting long for an offer. Check your HonestDoor Price first - it will give you a more honest starting point than whatever number showed up in your assessment notice.
- Neighbourhood growth: 0.10% year over year
- Total 2026 transactions: 43 (32 houses, 11 condos)
- Average house rental estimate: $2,431 per month
- Average condo rental estimate: $1,309 per month
- Nearby comparison - Ermineskin house price: $730,544
- Nearby comparison - Duggan house price: $487,305
- Nearby comparison - Calgary Trail South house price: $439,324
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.