Wellington, Edmonton - August 2026 Real Estate Report

Wellington, Edmonton: Your Home Is Worth Way More Than the City Thinks

If you have been glancing at your latest city assessment and feeling underwhelmed, you are not alone. The numbers coming out of Wellington right now tell a story that the government paperwork is completely missing - and it is worth paying attention to.

The Vibe: What Is Actually Happening in Wellington

Let us start with the big picture. Wellington has 934 assessed properties and saw 42 transactions in 2026. The neighbourhood is growing at 0.14% year over year - not setting records, but holding steady. Here is the thing though: the city's average assessed value sits at $376,393, while the average HonestDoor Price is $1,265,669. That is a gap of 236.26%. The assessment is not even in the same conversation as real-world value.

Houses: Taking a Breather, But Still Standing Tall

If you have been watching the "For Sale" signs in Wellington lately, here is what is actually happening with houses right now.

• Average sale price: $358,355 - down 18.7% from last month
• Average list price this month: $364,940
• Price per square foot: $309
• Homes are selling at 98.13% of list price - buyers are getting a slight edge
• 5 homes sold this month, sitting on the market an average of 97 days
• HonestDoor predicted market value: $1,342,559
• 3-month moving average: $1,334,037 - values are trending upward
• Estimated monthly rent: $4,111 with a rental yield of 5.27%
• Airbnb income potential: around $204 per month

The 97-day average days on market is longer than nearby Athlone at 54 days - so yes, the house market here is taking a breather. Buyers are not rushing. That said, Wellington houses are still outselling Pembina, where the average sold price sits at $335,000 compared to our $358,355. We are holding our own on price even in a slower stretch.

On the neighbourhood leaderboard, Wellington houses rank 199 out of 292 for growth, 84 out of 108 for days on market, and 233 out of 285 for price - putting us in the more affordable tier of Edmonton. For buyers, that is actually good news. For sellers, it means pricing sharp matters more than ever right now.

Condos: Quiet, Affordable, and Moving Steadily

The condo side of Wellington is a different story - smaller numbers, but worth knowing if that is your situation.

• Average sale price: $115,000 - essentially unchanged
• Average list price: $119,900
• Price per square foot: $121
• Selling at 95.91% of list price - buyers are negotiating a bit
• 1 condo sold this month, averaging 60 days on market
• HonestDoor predicted market value: $84,665
• 3-month moving average: $85,158 - values are dipping slightly
• Estimated monthly rent: $465 with a rental yield of 4.34%
• Airbnb income potential: around $24 per month

Wellington condos rank 171 out of 302 for growth, 50 out of 111 for days on market - which actually puts us in the moderately fast-selling category - and 204 out of 218 for price, making these some of the most affordable condos in the city. Compared to nearby Pembina ($219,208), Athlone ($207,426), and Hudson ($186,812), Wellington condos are priced well below the neighbours. That is a gap worth knowing if you are buying or selling.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here is the honest truth about that city assessment sitting in your mailbox. It is a snapshot from the past. It does not update in real time, it does not reflect what buyers are actually paying today, and in Wellington's case, it is undershooting real-world value by over 236%.

The HonestDoor Price is the real-world check. It pulls from actual market activity, recent sales, and current demand signals - not a formula locked in from months ago. For Wellington houses, the HonestDoor Price of $1,265,669 has shifted down 5.73% from the previous period. That is useful information. It tells you the market is adjusting, and you want to know that before you price a listing or make an offer - not after.

If your neighbour is using their assessed value of $376,393 to make a major financial decision about a home worth over a million dollars, they are working with the wrong number. Check your HonestDoor Price first.

The So What - Thinking About Selling This Summer?

If you are a Wellington homeowner eyeing a summer sale, here is the straight talk.

The house market is softer right now. Prices are down from last month, homes are sitting for 97 days on average, and buyers are paying just under list price. That does not mean do not sell - it means be strategic. Price it right from day one. Homes that linger past 30 days start to feel stale to buyers, and in a market where 97 days is the average, you want to be the exception, not the rule.

The good news is that the HonestDoor predicted value for houses is $1,342,559 and it is trending above the 3-month moving average of $1,334,037. The underlying value is holding. A rental yield of 5.27% also means that if selling this summer does not feel right, holding and renting is a genuinely solid option - $4,111 per month in estimated rent is not nothing.

For condo owners, the market is stable but slow. One sale this month is a thin data set. If you are thinking about listing, watch the next 60 days closely and price competitively - you are already in one of Edmonton's most affordable condo markets, which means your buyer pool is there, they just need the right number to say yes.

Bottom line: Wellington is not the hottest neighbourhood on Edmonton's leaderboard right now, but it is far from down and out. Know your real number, price with purpose, and do not let an outdated assessment be the thing that costs you.

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.