Westmount, Edmonton - October 2026 Real Estate Report
Westmount Real Estate Right Now: Strong Prices, But the Market Is Catching Its Breath
If you own a home in Westmount and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table - or at least walking around with the wrong number in your head. Here's the real picture of what's happening on our streets right now.
The Vibe: Houses vs. Condos in Westmount
Houses
We're in a market that's taking a breather. The average sale price for a house in Westmount sits at $796,486 this month, but that's down 7.8% from last month. Only 7 homes sold - a 30% drop in volume. Listings are sitting at an average ask of $1,136,600, and buyers are paying about 99.34% of list price, which means they're getting a small discount but sellers are still holding firm. Homes are moving in an average of 24 days, which is actually very fast by Edmonton standards - our days-on-market ranks 23rd out of 116 neighbourhoods city-wide.
- Average sale price: $796,486 (down 7.8% from last month)
- Homes sold this month: 7
- Average days on market: 24
- Price per square foot: $814
- Sale-to-list ratio: 99.34%
- Predicted market value: $678,103
- Estimated monthly rent: $3,133 - rental yield of 5.31%
- Growth rank: 99 out of 285 neighbourhoods in Edmonton (above average)
- Price rank: 37 out of 285 (among the most expensive in Edmonton)
That 5.31% rental yield is worth paying attention to. For anyone holding a Westmount house as an investment, that's a strong return. The predicted market value of $678,103 is sitting just below the 3-month moving average of $681,180, which tells us values have nudged down slightly in the short term. Not a crash - just a pause.
Condos
The condo story is a bit different. Only 1 condo sold this month, with an average sale price of $91,000 - down 43.4% from last month. One sale is a tiny sample, so don't read too much into that single number. What matters more is the bigger picture: the HonestDoor predicted market value for Westmount condos is $249,521, which is actually ticking up slightly against the 3-month moving average of $249,053. So while the monthly sale data looks rough, the underlying value trend is quietly moving in the right direction.
- Average sale price this month: $91,000
- Condos sold this month: 1
- Average days on market: 34
- Price per square foot: $128
- Sale-to-list ratio: 97.72%
- Predicted market value: $249,521
- Estimated monthly rent: $1,226 - rental yield of 4.21%
- Growth rank: 113 out of 297 neighbourhoods in Edmonton (above average)
- Price rank: 190 out of 218 (among the most affordable in Edmonton)
Westmount condos are genuinely affordable compared to the rest of the city. And compared to nearby neighbourhoods, we're actually the most expensive condo market in the area - River Valley Glenora, Glenora, and North Glenora all come in cheaper. That's a real signal of demand for our neighbourhood specifically.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing about your city assessment: it's a snapshot from the past. The city calculates it once a year using data that's already months old by the time it lands in your mailbox. For Westmount houses, the average assessed value is $649,158. The average HonestDoor Price is $682,826 - that's $33,668 higher, or 5.19% more than what the city says your home is worth.
For condos, the gap is even bigger. The average assessed value is $197,741. The HonestDoor Price is $242,641 - a full 22.71% above the city's number. If you're making any financial decision based on your assessment alone - whether that's refinancing, selling, or just knowing your net worth - you're working with a stale number.
The HonestDoor Price updates in real time using actual transaction data. It's the real-world check against a static government figure. Check yours at HonestDoor.com - it takes about 30 seconds and it's free.
The 'So What?': Thinking About Selling This Summer?
If you're a Westmount homeowner eyeing a summer sale, here's the honest read. The market is competitive but it's cooling slightly. Homes are still selling fast - 24 days on market is quick - but prices have dipped month-over-month and buyer volume is down. That means you can still get a strong price, but you can't just throw a number on the wall and expect a bidding war.
A few things working in your favour right now:
- Westmount houses rank 37th out of 285 Edmonton neighbourhoods by price - we're in the top tier
- 86 house transactions already recorded in 2026 across 1,414 assessed properties - this is an active market
- Neighbourhood growth of 0.07% year-over-year puts us ahead of nearby Glenora (0.02%) and North Glenora (0.05%)
- Your HonestDoor Price is likely higher than your assessment - use that number when you're talking to your agent
The bottom line: summer 2025 in Westmount is still a decent time to sell a house, but you need to price it right from day one. Overpriced listings are sitting. Well-priced homes are gone in under a month. Know your real number before you list - and right now, your HonestDoor Price is the most accurate place to start that conversation.
westmount | 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.