Summerside, Edmonton - October 2026 Real Estate Report
Summerside Real Estate Check-In: Your Neighbour's Assessment Is Already Out of Date
The Vibe Right Now
If you've been watching the "For Sale" signs in Summerside, here's what's actually happening. The market is moving - but it's telling two different stories depending on whether you own a house or a condo. Let's break it down.
Houses: Prices Are Up, But Read the Fine Print
The average house sale price in Summerside hit $605,361 this period - that's up 14.7% from last month. Thirty-nine homes sold, which is a 30% jump in sales volume. That kind of activity puts us at rank 2 out of all Edmonton neighbourhoods for total transactions. We are not a quiet corner of the city.
But here's the thing worth paying attention to. Homes are sitting on the market for an average of 80 days, and buyers are landing deals at about 97.91% of list price. That means sellers are getting close to what they ask - but not everything. Compare that to nearby Ellerslie where homes are taking 107 days to sell, and Summerside starts to look pretty good. We're moving faster than our neighbours.
- Average house sale price: $605,361 (up 14.7% from last month)
- Homes sold this period: 39 (up 30.0%)
- Average days on market: 80 days
- Sale-to-list price ratio: 97.91%
- Price per square foot: $368
- Estimated monthly rent: $2,866
- Rental yield: 5.46%
- Neighbourhood transaction rank in Edmonton: 2nd
The predicted market value for houses sits at $604,116 right now - and that number is dipping slightly below the 3-month moving average of $614,348. Values have shifted -2.29% recently. The market is taking a breather on price growth, even as sales volume climbs. On the Edmonton neighbourhood leaderboard, Summerside houses rank 166 out of 285 for growth - below average - but rank 88 out of 285 for price, which puts us solidly above average in value.
Condos: Fast Sales, Steady Prices
The condo story in Summerside is quieter in volume but surprisingly sharp in speed. Only 4 condos sold this period - up 33.3% from last month - and they moved in an average of just 14 days. For context, nearby The Orchards at Ellerslie is averaging 18 days. We're beating them.
The average condo sale price came in at $259,625, up a modest 0.5% from last month. Buyers paid about 97.37% of list price, so sellers are still holding most of their asking price. The predicted market value for condos is $298,950, which is just a hair below The Orchards at Ellerslie at $299,729 - we're essentially neck and neck with our closest neighbour on value.
- Average condo sale price: $259,625 (up 0.5% from last month)
- Condos sold this period: 4 (up 33.3%)
- Average days on market: 14 days
- Sale-to-list price ratio: 97.37%
- Estimated monthly rent: $1,589
- Rental yield: 4.19%
- Days-on-market rank in Edmonton: 9th out of 113 - top tier speed
On the neighbourhood leaderboard, Summerside condos rank 171 out of 297 for growth - below average - but rank 80 out of 218 for price. Above average value, fast sales. That's a decent combination for condo owners thinking about their next move.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's something most Summerside homeowners don't realize. The city's assessed value for houses in this neighbourhood is $615,183. The HonestDoor Price is $601,214. That's a gap of about $14,000 - and it matters because the city assessment is a snapshot from the past. It doesn't know what happened in the market last month. The HonestDoor Price does.
For condos, it flips the other way. The city assessed condos at $286,338, but the HonestDoor Price is $294,824 - about $8,500 higher. If you're a condo owner, the city is actually undervaluing your property right now.
The HonestDoor Price is updated in real time using actual transaction data. Your tax assessment gets refreshed once a year - and by the time it lands in your mailbox, the market has already moved. Checking your HonestDoor Price is the real-world check on what your home is actually worth today, not what it was worth when someone last looked at a spreadsheet.
The So What - Should You Sell in Summerside This Summer?
If you own a house in Summerside and you've been on the fence, the timing has some things going for it. Sales volume is up sharply, you're in one of Edmonton's top two neighbourhoods for total transactions, and you're outselling nearby competition on speed. The catch is that prices have softened slightly from their 3-month peak, and buyers are negotiating - not paying full ask. Price it right and you'll move. Price it like it's still the peak and you'll sit for 80 days.
If you own a condo, the speed story is your friend. Fourteen days on market is fast by any measure. The pool of buyers is smaller - only 4 sales this period - but the ones who are buying are moving quickly and paying close to list. A well-priced condo in Summerside right now has a real shot at a clean, fast sale.
Either way, before you call an agent and before you glance at your tax assessment, pull your HonestDoor Price. It's the number that reflects what's actually happening on Summerside streets right now - not what happened a year ago when the city last checked in.
summerside | edmonton | october 2026This 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.