Edmonton House Prices - 2024

Learn what is happening to Edmonton house prices. Find out how many houses are selling and not selling. Knowing the list, sales and expired ratios of any municipality is a great indicator of which direction house prices will go. Keep checking back for quarterly Edmonton house prices or check out our Edmonton Real Estate Market Blog.

Sold house prices and real estate market statistics are provided by the REALTORS® Association of Edmonton.

Southwest Edmonton Sold House Prices

sold house prices are based on real estate zones 14, 15, 16, 55, 56, 57

1st Quarter Sales: There were a total of 1,168 homes sold in the first quarter - 782 houses & 386 condos. Sales to expired/ terminated listing ratio was 61%. The average single family detached house in southwest Edmonton sold for $607,791.

2nd Quarter Sales: There were a total of 1,774 homes sold in the second quarter - 1094 houses & 680 condos. Sales to expired/ terminated listing ratio was 71%. The average single family detached house in southwest Edmonton sold for $659,518.

3rd Quarter Sales: There were a total of 1,458 homes sold in the third quarter - 884 houses & 574 condos. Sales to expired/ terminated listing ratio was 66%. The average single family detached house in southwest Edmonton sold for $647,307.

4th Quarter Sales: 

Southeast Edmonton Sold House Prices

sold house prices are based on real estate zones 17, 18, 19, 29, 30, 52, 53

1st Quarter Sales: There were a total of 851 homes sold in the first quarter - 589 houses & 262 condos. Sales to expired/ terminated listing ratio was 66%. The average detached house in southeast Edmonton was sold for $476,439.

2nd Quarter Sales: There were a total of 1,356 homes sold in the second quarter - 938 houses & 418 condos. Sales to expired/ terminated listing ratio was 76%. The average detached house in southeast Edmonton was sold for $513,552

3rd Quarter Sales:  There were a total of 1,145 homes sold in the third quarter - 762 houses & 383 condos. Sales to expired/ terminated listing ratio was 68%. The average detached house in southeast Edmonton was sold for $520,380.

4th Quarter Sales: 

West Edmonton Sold House Prices

sold house prices are based on real estate zones 10, 11, 20, 22, 58

1st Quarter Sales: There were a total of 527 homes sold in the first quarter - 350 houses & 177 condos. Sales to expired/ terminated listing ratio was 60%. The average single family detached sold house price in west Edmonton was $526,014.

2nd Quarter Sales: There were a total of 1,091 homes sold in the second quarter - 722 houses & 369 condos. Sales to expired/ terminated listing ratio was 79%. The average single family detached sold house price in west Edmonton was $568,838.

3rd Quarter Sales:  There were a total of 738 homes sold in the third quarter - 468 houses & 270 condos. Sales to expired/ terminated listing ratio was 74%. The average single family detached sold house price in west Edmonton was $624,106.

4th Quarter Sales: 

Northwest Edmonton Sold House Prices

sold house prices are based on real estate zones 01, 04, 07, 21, 27,  59

1st Quarter Sales: There were a total of 535 homes sold in the first quarter - 393 houses & 182 condos. Sales to expired/ terminated listing ratio was 65%. The average sold price of a detached house in northwest Edmonton was $425,976.

2nd Quarter Sales: There were a total of 781 homes sold in the second quarter - 542 houses & 239 condos. Sales to expired/ terminated listing ratio was 72%. The average sold price of a detached house in northwest Edmonton was $468,827.

3rd Quarter Sales:  There were a total of 689 homes sold in the third quarter - 479 houses & 210 condos. Sales to expired/ terminated listing ratio was 72%. The average sold price of a detached house in northwest Edmonton was $482,062.

4th Quarter Sales: 

Northeast Sold House Prices

sold house prices are based on real estate zones 02, 03, 06, 09, 23,  28, 35

1st Quarter Sales: There were a total of 689 homes sold in the first quarter - 446 houses & 243 condos. Sales to terminated/ expired listing ratio was 70%. The average sold price of a detached house in northeast Edmonton was $417,980. 

2nd Quarter Sales: There were a total of 1,029 homes sold in the second quarter - 682 houses & 347 condos. Sales to terminated/ expired listing ratio was 77%. The average sold price of a detached house in northeast Edmonton was $442,800.

3rd Quarter Sales:  There were a total of 918 homes sold in the third quarter - 588 houses & 330 condos. Sales to terminated/ expired listing ratio was 76%. The average sold price of a detached house in northeast Edmonton was $442,083.

4th Quarter Sales: 

Central Sold House Prices

sold house prices are based on real estate zones 05, 08, 12, 13

1st Quarter Sales: There were a total of 321 homes sold in the first quarter - 120 houses & 201 condos. Sales to expired & terminated listing ratio was 9%. Only one out of 11 homes were selling. The average sold house price in central Edmonton was $304,156.

2nd Quarter Sales: There were a total of 486 homes sold in the second quarter - 173 houses & 313 condos. Sales to expired & terminated listing ratio was 39%. The average sold house price in central Edmonton was $310,742. 

3rd Quarter Sales: There were a total of 446 homes sold in the third quarter - 162 houses & 284 condos. Sales to expired & terminated listing ratio was 50%. The average sold house price in central Edmonton was $315,876. 

4th Quarter Sales: 

Sold House Prices

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Curiosity is natural for us humans and wanting to know how much buyers are really paying for houses in Edmonton, especially if you are contemplating selling your Edmonton home now or in the near future.

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Navigating Real Estate Prices in Edmonton: A Comprehensive Guide

Welcome to our guide on real estate prices in Edmonton! Whether you're a first-time homebuyer, an investor, or a seasoned homeowner looking to make a move, understanding the local real estate market is crucial. In this blog post, we'll explore current trends, factors influencing prices, and tips for navigating Edmonton's dynamic housing market.

Understanding Edmonton's Real Estate Landscape

Edmonton's real estate market is diverse and dynamic, with a range of housing options to suit every budget and lifestyle. From urban condominiums and suburban single-family homes to luxury estates and investment properties, there's something for everyone in this vibrant city. However, like any market, real estate prices in Edmonton are influenced by a variety of factors, including supply and demand, economic conditions, and demographic trends.

Current Trends in Edmonton Real Estate Prices

Edmonton's real estate market is experiencing an active market trend. While prices may vary depending on the neighborhood and property type, overall, the market remains relatively stable with opportunities for both buyers and sellers. It's essential to stay informed about the latest market trends and seek guidance from a trusted real estate professional when buying or selling a property in Edmonton.

Factors Influencing Real Estate Prices

Several factors influence real estate prices in Edmonton, including:

  • Location: Desirable neighborhoods with easy access to amenities, schools, and transportation hubs tend to command higher prices.
  • Property Type: Condominiums, single-family homes, and luxury properties each have their own price ranges based on size, condition, and location.
  • Market Conditions: Supply and demand dynamics, economic indicators, and interest rates can all impact real estate prices in Edmonton.
  • Seasonal Trends: Real estate prices may fluctuate seasonally, with spring and summer typically being more active months for buying and selling.
  • Tips for Navigating Edmonton's Real Estate Market
  • Do Your Research: Take the time to research neighborhoods, property types, and market trends before making a decision.
  • Work with a Realtor: A knowledgeable Realtor can provide valuable insights and guidance throughout the buying or selling process.
  • Get Pre-Approved: If you're buying a home, getting pre-approved for a mortgage can help you understand your budget and make competitive offers.
  • Be Flexible: In a competitive market, being flexible with your preferences and timing can increase your chances of success.
  • Stay Informed: Keep up-to-date with the latest market trends and news to make informed decisions about buying or selling real estate in Edmonton.

Conclusion

Navigating real estate prices in Edmonton requires careful consideration of various factors, including location, property type, and market conditions. By understanding current trends, factors influencing prices, and tips for navigating the market, you can make informed decisions that align with your goals and preferences. Whether you're buying, selling, or investing in real estate in Edmonton, our comprehensive guide is here to help you every step of the way.

For expert guidance and personalized assistance with your real estate needs in Edmonton, contact us today!

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