Edmonton Real Estate Market Update - Oct 2023

Edmonton Real Estate Market Update - Oct 2023

Welcome to the latest Edmonton Real Estate Market Update for October 2023. As a dedicated real estate agent in Edmonton, I'm excited to provide you with the most recent data and insights into the Edmonton real estate market. In this report, we'll cover new listings, total sold homes, average prices, and much more, allowing you to make informed decisions for buying or selling your property.

New Listings Overview

Let's kick things off with a look at new listings for the month of October. We observed a total of 2031 homes listed for sale in Edmonton, representing a -12.8% change from the previous month. This is a significant shift, and it's essential for both buyers and sellers to stay updated on these fluctuations.

Total Sold Overview

Moving on to the total sold homes, October 2023 saw 1293 homes sold in Edmonton. This shows a -7.4% change compared to the previous month, but an impressive 28.4% increase year-over-year. These fluctuations in sales are indicative of the evolving market dynamics.

Single-Family Detached Homes

Let's delve deeper into the individual property types. The average price of a single-family detached home in Edmonton for October 2023 was $475,580.5, experiencing a -2.5% change month-over-month but a steady 1.9% growth year-over-year. Meanwhile, the median price stood at $436,980, showing a -2.4% change MoM and a promising 4% increase YoY.

Half-Duplex Properties

Half-duplexes have also seen significant changes. The average price in October was $398,919.5, marking a substantial 11.4% increase month-over-month and a remarkable 7.3% growth year-over-year. The median price of half-duplexes was $383,000, reflecting a 7% change MoM and a 4.9% rise YoY.


For those interested in condominiums, the average price in October was $200,666.3, with an impressive 14.4% increase month-over-month and a notable 13.9% growth year-over-year. The median price remained steady at $165,000.


Townhomes, a popular choice for many, had an average price of $259,108.7 in October, with a -1.5% change MoM and a 1.8% increase YoY. The median price was $258,500, showing a -2.7% change MoM and a solid 6% growth YoY.

Sales-to-New-Listing Ratio

The sales-to-new-listing ratio in Edmonton for October 2023 stood at 0.64, indicating a robust market with a healthy balance between new listings and sales.

Cumulative Days On Market

The days on market can give you insights into how long different property types are staying on the market. In October 2023:

  • Detached single-family homes spent an average of 66 days on the market before selling.

  • Half-duplexes were on the market for an average of 44 days.

  • Condominiums and apartments had a longer average of 78 days.

  • Townhomes spent an average of 53 days on the market.

If you're considering a real estate transaction in Edmonton, these statistics can help you make an informed decision based on your needs and preferences. Whether you're a buyer or a seller, understanding the market trends and property types is crucial for success in the Edmonton real estate landscape.

For a more detailed look into Edmonton's real estate market, check out our Top 5 Richest Neighborhoods in Edmonton based on data to explore some of the most sought-after areas. If you're selling your house, make sure to read How Much Does It Cost to Sell Your House in Alberta in 2023 for valuable insights into the selling process.

We've also created a handy Edmonton Zone Map to help you visualize the different areas within the city. Plus, if you're looking for no condo fee townhomes, be sure to explore our collection of such properties.

Understanding the real estate market is essential, but if you're new to the world of homeownership, you might want to learn more about Homeowner Associations and how they can impact your living experience.

In summary, the Edmonton real estate market continues to evolve, presenting opportunities and challenges for both buyers and sellers. If you're looking for specific MLS listings in Edmonton, don't hesitate to reach out to us at Home Analytics. We're here to help you navigate the market and find the perfect property for your needs.

Date Sources: Data sourced from the MLS. The information provided in this blog is ‘as is’ with no guarantee of accuracy or completeness.

Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.