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Inventory is up. Homes are sitting longer. Sellers are negotiating. Buyers have more leverage now than at any point in the last few years and prices haven't cracked.
The median sale price across all property types hit $450,000 in May, up 2.8% from a year ago. Days on market averaged 37, one day slower than April, and part of a consistent drift toward longer listing times compared to 2025. The sales-to-new-listings ratio came in at 52%, which is balanced market territory.
Is now a good time to buy? Yes, conditionally. More inventory, longer sell times, sellers open to negotiation.
Are prices going up or down? Up slightly. 2.8% year-over-year is sustainable, not runaway.
Is Edmonton still a seller's market? Not really. Multiple offers on everything are largely behind us.
Sales Activity – Home Sales Slowed Year-Over-Year
2,499 homes sold in Edmonton in May, up 2% from April, down 14% from May 2025. Year-to-date, 6,771 homes have sold, compared to 8,274 over the same stretch last year. That's an 18.2% drop.
Single-family detached led with 1,478 units, up 6% month-over-month but still 9% below last May. Monthly momentum is building. The year-over-year gap hasn't closed.
New listings surged. 4,838 came to market in May, 15% more than April. Single-family alone saw 2,757 new listings, a 20% jump from April. Year-to-date, 13,797 listings have hit the market, up 2.1% from the same period in 2025.
New listings are outpacing sales by roughly 115%. Inventory is building, and it's already showing up in days-on-market numbers and negotiating dynamics.
Browse current single-family homes for sale in Edmonton to get a feel for what's active in your target area. You can also use the map search tool to filter by neighbourhood and property type.
Performance By Property Type
Single-Family Detached
Single-family detached is the strongest segment in Edmonton. Most liquid, best value retention.
1,478 sold in May, up 6% from April. Median: $539,000. Average days on market: 33. Sales ratio: 54% balanced, leaning seller. 12-month median price is $512,000; the highest of any property type by a wide margin.
Homes under $400,000 are moving fastest at 26 days. Buy in that range, move quickly. Sell in that range, price it right and expect early activity.
Half-Duplex
Half-duplexes are the value play for buyers who want space without the detached price tag. 12-month median: $425,000 which is $87,000 less than detached.
Six-month sales ratio: 0.53, balanced. 2,757 new listings over six months, 841 sold. Inventory is building.
Townhouse
Townhouses are the most competitive attached segment. Six-month sales ratio of 0.55 — highest of any attached category.
12-month median: $280,000. For first-time buyers priced out of detached, it's the most accessible entry point. 1,763 new listings over six months, 961 sold. Well-priced townhouses aren't sitting long.
Condo and Apartment
Condos are the softest segment. Six-month sales ratio is 0.45, the lowest of any property type, still balanced but at the low edge.
The 12-month median is $190,000, the cheapest way into ownership in Edmonton. There were 3,265 new listings over six months and 1,474 sold. Supply is outpacing demand. Buyers have leverage. Sellers need to price to stand out.
Days on Market
Homes averaged 37 days on market in May, which is one day longer than April. Single-family detached moved faster at a median of 21 days. Detached homes under $400,000 were quickest, averaging 26 days from list to sale.
Layout matters. The fastest-selling detached configuration was 3 bed / 2 bath at 26 days, followed by 4 bed / 2 bath at 28 days. Three bed / 2.1 bath and 4 bed / 3 bath homes averaged 47 days. Buyers in those segments have more time and more leverage.
For buyers, no-condo-fee townhomes and half-duplexes are solid options in this environment.
Timing the Market
Properties listed for 26+ weeks are selling at an average of 3.4% below list, with 84.3% closing below asking. Fresh listings in week one average 1.2% above list, as buyers who've been watching move fast on well-priced new inventory.
If a property has been sitting six-plus months, there's real negotiating room. If you're selling, price right from day one. Chasing the price down over weeks costs more than the discount you were trying to avoid.
Sellers facing longer listing times and increased competition should pay close attention to where their property sits within these segments. Inventory is building, and the window where anything priced reasonably moved quickly has narrowed.
Understanding what it costs to sell your house in Alberta, including commissions, closing costs, and carrying costs during a longer listing period, is increasingly important to factor into pricing strategy from day one.
Single-Family Detached – Deep Dive
930 detached homes sold in May, up 4.8% from April. The median price was $532,250, which is up 2.4% from April and 2.7% from May 2025. Median days on market was 21 days.
Detached is still the most competitive segment in Edmonton. Not 2024 levels, but not stagnant either.
Price per square foot for detached homes held at $329 in May, flat with April and $1 below the 12-month high of $330 set in June 2025. It dropped to $309 in both November and December before recovering through spring.
22% of detached homes sold above list in May. 8% at list. 70% below. Most homes aren't generating the competition that produces over-ask offers. Pricing at or slightly below market value outperforms anchoring high.
Neighbourhood Highlight - Garneau
Garneau is condo-dominant: 75% of the 100 sales recorded over the past 12 months were condos or apartments. Median sale price is $292,750, which is 29.5% below the Edmonton regional median. Price per square foot averages $283, and every additional 100 square feet adds roughly $24,000 to value. Median days on market is 43, with 37% of homes selling within 30 days.
Established, walkable, close to the University of Alberta, and well below detached prices. Garneau is worth a look for buyers who want inner-city without the inner-city price tag.
Ready to make your move?
Sales are running well below last year's pace, inventory is building, and buyers have more negotiating room than they've had in years. That's not a market in trouble; it's one recalibrating after an unusually strong run.
Prices have held better than sales volume suggests. The 2.8% year-over-year median gain looks solid until you look at the January-to-May stretch: median up 0.6%, average up 3.1%.
Higher-end sales are carrying the headline. The middle of the market is under more pressure than that implies. Well-priced homes in good locations are still moving. Overpriced listings are sitting.