The average home price in Edmonton reached $448,761 in January 2026, representing a 2.4% increase from the prior year. The MLS HPI benchmark price settled at $415,000, showing a 0.1% decline from last month and a 1.0% annual decrease. Among Canada's six largest population centres, Edmonton remains the most affordable. Over 20 years Edmonton benchmark prices increased 126 percent versus 53 percent inflation growth, while in the past decade Edmonton appreciated 19 percent, trailing Toronto at 58 percent and Montreal at 106 percent.
Price Breakdown by Property Type
Detached homes averaged $556,752 with a 0.8% year-over-year decline, while the benchmark price for single-family detached was $508,100, showing a 0.5% annual increase. Semi-detached averaged $422,964, up 0.5% year over year. Townhouses averaged $296,227, experiencing a notable 5.0% decline year over year. Condo apartments averaged $225,671 with a significant 11.4% year-over-year increase, driven by first-time buyer demand and renewed investor interest. Condos and townhomes are experiencing improved absorption rates with increased first-time buyer activity.
December 2025 Sales Activity
879 homes sold in December 2025, down 25.2% from November and 15.3% year-over-year. Single-family detached home sales declined 24% month-over-month. Full year 2025 saw 17,824 total sales vs 19,905 in 2024, a 10.5% decline. Pending sales fell 15.3% compared to prior year. Median single-family price was $499,000, down 1.2% from November but up 2% year-over-year. Average selling price was $546,680, down 0.3%. Price per square foot was $318, up 0.5% year-over-year. Half-duplex averaged $440,608, up 1% month-over-month and up 6% year-over-year. Condos averaged $196,103, down 3.2% month-over-month and down 3.5% year-over-year. Townhomes averaged $271,375, up 1% month-over-month and up 1.6% year-over-year.
Market Conditions and Inventory
Total residential transactions reached 1,151 units in January 2026, reflecting a 28% decrease from January 2025. Detached homes comprised 654 transactions, while apartments accounted for 187 sales. New listings totaled 2,518, marking an 84% increase in new listings month-over-month. Month-end inventory stood at 4,901 units, up 33% year over year. Average days on market was 59 days across all property types. Months of supply at 4.3 indicates a balanced market. Sales-to-new-listings ratio was 46 percent. In December 2025, 84% of homes sold below asking price with only 11% selling above list price. The sales-to-listings ratio was 0.84 indicating seller's market conditions. Median days on market was 40 days for single-family homes. New listings were down 40.6% from November due to seasonal factors while year-over-year inventory was up 11.6%.
Neighbourhood Spotlight: Strathcona
Strathcona had 22 sales in the last 6 months with median $580,000, a 7.4% premium over the city average. Days on market in Strathcona was 21 days, half the city average. Price per square foot in Strathcona was $358 versus $318 citywide. Your neighbourhood matters more than the city average because micro-markets perform differently across Edmonton.
2026 Outlook
Average home prices increased modestly year-over-year in 2025 with single-family homes and duplexes leading price gains. Consistent buyer demand continued particularly in single-family and townhome segments. Tightening inventory in popular neighborhoods, especially move-in-ready homes. Balanced-to-seller-leaning conditions throughout the year with strong buyer engagement despite elevated borrowing costs earlier in 2025. First-time buyers, interprovincial migrants, and long-term investors remained active, adjusting price ranges and property preferences rather than exiting the market. Edmonton home prices are expected to rise modestly in 2026 supported by limited supply and end-user demand. Average residential sale prices will rise by four percent going into 2026 compared to 2025. Steady price appreciation is anticipated, particularly in family-friendly and transit-oriented neighborhoods. Edmonton maintains better value per square foot than most major Canadian cities.
Forecast to 2027-2028
Metro Edmonton has approximately 1.2 million residents and experienced stabilization after years of volatility. The market is transitioning from a seller's advantage toward balance as inventory improves. Detached house prices have flattened following extended growth, with inventory levels improving and buyer demand softening. A household earning $94,000 median Metro Edmonton income can obtain approximately a $380,000 mortgage, sufficient for condo purchases but limiting detached home accessibility for roughly one-third of residents. Forecasters anticipate modest movements rather than sharp swings. Higher borrowing costs may create downward pressure by late 2027. Continued supply expansion exceeding demand could shift dynamics toward buyers with declining values. Buyer outlook shows improved negotiating leverage through mid-2027 with seasonal advantages favoring late-year purchases.
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