Wellington, Edmonton - July 2026 Real Estate Report

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

If you own a house in Wellington and you have not checked your HonestDoor Price lately, stop what you are doing. The city has your home assessed at an average of $376,393. The real-world number? Try $1,342,559. That is not a typo. That is a 256% gap between what the government says your home is worth and what the market actually says. That gap matters - especially if you are thinking about selling this summer.

The Vibe: What Is Actually Happening on Our Streets

Houses - Strong Momentum, Slow Turnover

We are seeing something interesting in Wellington houses right now. Prices are up - the average sale price hit $441,000 this month, a 22.1% jump from last month. Listings are sitting at $475,000 on average, and buyers are paying about 97 cents on the dollar, so there is a little room to negotiate but not much. Price per square foot is running around $424.

Here is the catch though. Only 2 houses sold in 2026 so far, and homes are sitting on the market for an average of 132 days. That days-on-market rank is 90 out of 103 neighbourhoods in Edmonton - meaning our houses take longer to sell than almost everywhere else in the city. So while the price is right, patience is part of the deal.

• Average sale price: $441,000 (up 22.1% from last month)
• Average list price: $475,000
• Price per square foot: $424
• Sale-to-list ratio: 97.26%
• Average days on market: 132
• HonestDoor Price: $1,342,559 (up from 3-month average of $1,332,488)
• Estimated monthly rent: $4,107
• Rental yield: 5.27%
• Neighbourhood growth rank: 46 out of 302 in Edmonton - top tier

That growth rank is worth paying attention to. Wellington houses sit in the top 15% of all Edmonton neighbourhoods for value growth. Our neighbours in Athlone are growing at 0.08% year over year. We are running at 0.14%. Small numbers, but in real estate, consistency compounds.

Condos - Affordable Entry Point, Modest Returns

The condo side of Wellington tells a different story. We are talking about one of the most affordable condo markets in all of Edmonton - price rank is 208 out of 220 neighbourhoods. The average HonestDoor Price sits at $84,665, and the average sale price came in at $115,000 recently, with listings averaging $119,900.

Condos here are selling in about 60 days, which is actually faster than nearby Athlone at 54 days - so the gap is small. Buyers are paying about 95.91% of list price. Rental yield is 4.35% with estimated rent around $467 per month. Decent, but not spectacular.

• Average sale price: $115,000
• Average list price: $119,900
• Price per square foot: $121
• Sale-to-list ratio: 95.91%
• Average days on market: 60
• HonestDoor Price: $84,665
• Estimated monthly rent: $467
• Rental yield: 4.35%
• Growth rank: 154 out of 296 in Edmonton - below average

Every nearby condo neighbourhood - Pembina, Athlone, Hudson - is priced significantly higher than Wellington condos. If you are a buyer looking for an entry point into Edmonton real estate, Wellington condos are worth a serious look. If you are a condo owner here thinking about selling, just know you are competing in a price-sensitive segment.

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

Here is the honest truth about government assessments. They are calculated once a year, based on data that is already months old by the time it reaches your mailbox. The city assessed the average Wellington house at $376,393. That number is used for your tax bill - not for what a buyer will actually hand you at closing.

The HonestDoor Price updates in real time. It pulls from actual transactions, current listing activity, and live market signals. Right now, that number for Wellington houses is $1,342,559 - and it is trending upward from the 3-month moving average of $1,332,488. For condos, the HonestDoor Price of $84,665 is also ticking up from the $83,774 moving average.

The gap between the assessed value and the HonestDoor Price in Wellington is 256.69%. That is not a rounding error. That is the difference between leaving money on the table and knowing what you actually own. Check your HonestDoor Price before you do anything else - before you list, before you refinance, before you even have a casual conversation with a realtor.

The So What - Thinking About Selling This Summer?

If you own a house in Wellington and you are thinking about selling this summer, here is the real talk.

The price momentum is working in your favour. Values are up, the HonestDoor Price is climbing, and Wellington sits in the top 15% of Edmonton neighbourhoods for growth. The rental yield of 5.27% also means investors are paying attention to this area - and investor buyers tend to move fast when the numbers work.

The one thing to plan for is time. With homes averaging 132 days on market, you want to list earlier rather than later if summer is your target closing window. Price it sharp from day one. Homes here are selling at 97.26% of list - buyers are not overpaying, but they are close. There is not a lot of room for an inflated opening price followed by a reduction.

For condo owners, the market is stable but slow-moving on value growth. If selling is on your radar, the window is fine - just set realistic expectations on price and timeline.

• Total house transactions in Wellington in 2026: 36
• Total properties assessed: 934
• Wellington Airbnb rank in Edmonton: 34 (houses) - strong short-term rental potential
• Neighbourhood year-over-year growth: 0.14%
• Closest competition: Athlone (HD Price $364,039), Pembina (HD Price $311,709) - both cheaper than Wellington houses

Bottom line - Wellington is not a flashy, fast-flipping neighbourhood. It is a steady, high-value pocket of Edmonton where the real numbers are a lot bigger than what the city tells you. Know your HonestDoor Price. Use it. That is the 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.