Strathcona, Edmonton - September 2026 Real Estate Report

Strathcona Real Talk: Your House Is Worth More Than the City Thinks

If you own property in Strathcona and you're still looking at your city assessment to know what your place is worth, you're leaving serious money on the table. The gap between what Edmonton says your home is worth and what buyers are actually paying is not small. It's the difference between a number on a government spreadsheet and the real world.

The Vibe: What's Actually Happening on Our Streets

Houses - Solid, But Taking a Breather

We're in a buyers' market right now for houses. Eight sales this month, with homes sitting on the market for an average of 51 days and selling at 97.83% of list price. That means buyers are getting a small discount, but sellers are still closing. The average sale price came in at $614,500 against an average listing price of $791,233 - so how you price matters a lot right now.

• Average sale price (this month): $614,500
• Average list price (this month): $791,233
• Price per square foot: $615
• Average days on market: 51
• Properties sold at: 97.83% of list price
• Predicted market value: $737,524
• 3-month moving average: $735,246 (values are creeping up)
• Estimated monthly rent: $3,272
• Rental yield: 5.30%
• Recent value change: up 1.03%
• Growth rank: 80 out of 291 neighbourhoods - that puts us in the above-average tier on Edmonton's neighbourhood leaderboard
• Price rank: 34 out of 285 - we're among the most expensive neighbourhoods in the city
• Days-on-market rank: 49 out of 112 - moderately fast for Edmonton

The predicted value of $737,524 is ticking up past the 3-month moving average of $735,246. That's a quiet signal that house values here aren't falling - they're just catching their breath. For context, nearby Mill Creek Ravine North is sitting at $809,071, so there's still a ceiling above us.

Condos - A More Complex Picture

The condo side of Strathcona is a mixed bag right now, and we should be honest about that. Only 3 sales this month, the average sale price dropped 44.4% from last month to $191,667, and homes are sitting for 116 days on average. That's slow. The predicted value is also dipping - $430,933 now versus a 3-month average of $436,963.

• Average sale price (this month): $191,667
• Average list price (this month): $187,500
• Price per square foot: $216
• Average days on market: 116
• Properties sold at: 94.77% of list price
• Predicted market value: $430,933
• 3-month moving average: $436,963 (slight dip)
• Estimated monthly rent: $1,697
• Rental yield: 4.10%
• Recent value change: -2.13%
• Growth rank: 200 out of 302 - below average on the Edmonton neighbourhood leaderboard right now
• Price rank: 101 out of 216 - still above average in price
• Days-on-market rank: 90 out of 112 - slow moving, but still faster than Downtown (136 days)

One bright spot: Strathcona condos are still outselling nearby Downtown, and the HonestDoor Price of $438,344 is up 1.72% from the previous period. There were also 91 condo transactions in 2026 - ranking us 4th in all of Edmonton for total condo volume. That's real demand, even if the monthly numbers look choppy.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the thing about city assessments. They're backward-looking. Edmonton assessed the average Strathcona house at $630,491. The HonestDoor Price for that same house is $727,322. That's a $96,831 gap. For condos, the gap is even wilder - the city's average assessment sits at $229,283, while the HonestDoor Price is $438,344. That's a 91.18% difference.

The city runs its assessments once a year using data that's already months old by the time it lands in your mailbox. The HonestDoor Price pulls from real-time sales, current market signals, and live comparable data. It's not a guess - it's a real-world check on what your property is actually worth today, not what a government formula said it was worth last year.

If you're making any financial decision - refinancing, selling, even just knowing your net worth - use the HonestDoor Price. The assessment is for your tax bill. The HonestDoor Price is for your life.

The So What: Should You Sell in Strathcona This Summer?

For house owners, the answer is: it depends on your price. The market is active - 56 transactions in 2026 across 1,208 assessed properties - but buyers have options and they know it. Price sharp, price close to that predicted value of $737,524, and you'll move. Price like it's 2022 and you'll sit.

The rental yield on houses is 5.30%. If you're not ready to sell, holding and renting is a genuinely strong play right now. That's not a consolation prize - that's a real return.

For condo owners, summer 2025 is a tougher call. Values are dipping slightly, days on market are long, and the buyer pool is thinner. That said, Strathcona condos are still priced above average for Edmonton and the transaction volume ranks us 4th in the city. If you need to sell, be realistic on price and be patient. If you can wait, the 1.72% uptick in the HonestDoor Price suggests the floor may be holding.

Bottom line: Strathcona is still one of Edmonton's stronger neighbourhoods. Houses rank 34th in price out of 285 neighbourhoods. That's not an accident - it's location, character, and demand. Just make sure the number you're working from reflects today's market, not last year's paperwork.

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.