Strathearn, Edmonton - July 2026 Real Estate Report

Strathearn Real Talk: Your Home Is Worth More Than the City Thinks

If you own a home in Strathearn and you're still going off your city assessment, you're leaving real money on the table. The numbers are in, and there's a gap worth knowing about.

The Vibe Right Now

Strathearn is holding its ground in a market where a lot of Edmonton neighbourhoods are wobbling. We're sitting in a solid mid-river-valley pocket, and the data backs that up. Here's the split between what's happening with houses versus condos, because they're telling two very different stories right now.

Houses: Still Moving, But Buyers Are Negotiating

If you've been watching the "For Sale" signs in Strathearn, here's what's actually happening. Houses are selling, but the edge has shifted slightly toward buyers. The average sale price came in at $541,375 this month, down 4.2% from last month, and homes are selling at about 97.89% of list price. That means buyers are getting small discounts - not huge, but real.

• Average sale price: $541,375 (down 4.2% from last month)
• Average list price: $617,000
• Price per square foot: $496
• Average days on market: 28 days
• Properties sold this month: 4
• Sale-to-list ratio: 97.89%

The 28-day average is actually faster than nearby Cloverdale at 29 days. That's not a huge gap, but it tells us demand in Strathearn is holding up. The predicted market value for houses sits at $677,857, which is trending up from the 3-month moving average of $674,652. The market is taking a breather, not falling apart.

On the leaderboard, Strathearn houses rank 115 out of 302 Edmonton neighbourhoods for growth - that's above average. Days-on-market rank is 26 out of 103, meaning we're among the faster-selling areas in the city. Price rank is 102 out of 285 - above average there too.

Condos: Affordable Entry Point, But Watch the Trend

The condo side is a different story. The HonestDoor Price for condos has dipped 2.21% from the previous period, landing at $245,971. With only 2 sales this month and an average sale price of $139,090, this is a thin market. Low volume means each sale moves the needle a lot - so don't read too much into any single month.

• Average HonestDoor Price: $245,971 (down 2.21%)
• Average sale price: $139,090
• Price per square foot: $214
• Properties sold this month: 2
• Estimated monthly rent: $1,344
• Rental yield: 4.22%

Strathearn condos rank 189 out of 220 on price - meaning we're among the most affordable condo options in Edmonton. If you're an investor or a first-time buyer, that's actually the point. The predicted value of $251,530 is trending up from the 3-month average of $248,632, so the floor looks stable. Growth ranks 97 out of 296 neighbourhoods - above average for condos in the city.

One thing worth noting: nearby Bonnie Doon condos are averaging $283,141 in predicted value. Strathearn is coming in lower, which means there's a relative value case to be made here for buyers.

The Secret Sauce: Your HonestDoor Price vs. Your City Assessment

Here's the thing most Strathearn homeowners don't realize. The city's assessed value for houses here averages $609,170. The average HonestDoor Price is $684,146. That's a $74,976 gap - and the HonestDoor Price is 12.31% higher than the city average assessment across Edmonton.

Your city assessment is a snapshot from months ago. It doesn't update when the market moves. The HonestDoor Price pulls from real-world transaction data and updates in real time. If you're making any decision - selling, refinancing, even just figuring out if your property tax bill makes sense - the HonestDoor Price is the number that actually reflects what buyers would pay today, not what a government formula calculated last year.

For houses, that gap between assessment and HonestDoor Price is meaningful. For condos, the HonestDoor Price of $245,971 is the cleaner signal compared to a thin sales market where two transactions can skew everything.

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

Here's the straight answer. If you own a house in Strathearn and you're thinking about listing this summer, the window is open but it's not wide open. Buyers are negotiating. Homes are selling below list price. That means your list price strategy matters more than it did a year ago - price it right from day one, because sitting on the market hurts you.

The rental story is strong if you're on the fence about selling. Houses are pulling an estimated $3,084 per month in rent with a 5.34% rental yield. That's a real return. If you don't need to sell, holding has a case.

For condo owners, the market is quiet. Two sales a month means you need patience and the right buyer. The upside is that values are ticking up slowly and the rental yield of 4.22% keeps the asset working for you while you wait.

Bottom line for Strathearn: we're in a neighbourhood that's above average on almost every Edmonton leaderboard that matters - growth, speed of sale, price. The city's assessment doesn't capture that. Your HonestDoor Price does. Check it before you make any move.

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.