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October brought shifts to the Edmonton real estate market. Home prices, listings, and sales activity changed across all property types. If you’re planning to buy or sell, know the trends and make informed decisions. Here’s the latest on the Edmonton housing market.
October 2024 at a Glance
New Listings: 2,232 homes listed (-6.9% from September)
Homes Sold: 1,686 (-6% MoM, -30.4% YoY)
Sales-to-New-Listing Ratio: 0.76
Sales are moving faster than new listings enter the market.
Price Trends by Property Type
Single-Family Homes
Median Price: $542,070.70 (-0.8% MoM, +14% YoY)
Median Sale Price: $495,000 (+0.4% MoM, +13.3% YoY)
Median Days on Market: 54 days
Single-family homes hold steady demand, with consistent price growth over the past year.
Half-Duplexes
Average Price: $418,855.10 (+1.5% MoM, +3.6% YoY)
Median Price: $415,000 (+1% MoM, +7.2% YoY)
Days on Market: 38 days
Half-duplexes remain affordable, with steady price gains. Buyers can find value without sacrificing space.
Condominiums
Average Price: $194,830.30 (+0.2% MoM, -2.9% YoY)
Median Price: $181,125 (-4.3% MoM, +9.8% YoY)
Days on Market: 69 days
Condos are the lowest rung on the ladder and vary only slightly in price across the city but they continue to offer good entry-level options to new home buyers.
Townhomes
Average Price: $284,932 (+6.9% MoM, +17.8% YoY)
Median Price: $279,749.50 (+7% MoM, +19% YoY)
Days on Market: 39 days
With high demand, townhomes attract both families and investors. Prices reflect strong interest across Edmonton.
For individuals that are looking for no-condo-fee townhomes, they may want to check out townhome here.
Seasonal Trends in Edmonton’s Real Estate Market
Curious about the best months for selling your home? Typically, spring and fall are prime seasons for real estate transactions. For a deeper look into seasonal trends, check out our article, “What's the Best Month to Sell a House in Edmonton?".
Cost of Selling a Home in Edmonton
Selling your home in Alberta involves various fees and expenses, from agent commissions to closing costs. If you're planning to list your property, understanding the average cost for selling a house can help you budget effectively. Our article on "How Much Does It Cost to Sell Your House in Alberta" provides a comprehensive breakdown.
Estimate your net proceeds using our calculator.
Luxury Market Insights
The luxury market saw some of the highest home values in Edmonton’s upscale neighborhoods. Considering high-end properties? View our article on Edmonton's richest neighborhoods and browse listings in luxury homes.
If you’re considering high-end properties, explore the latest listings in luxury single-family homes to see Edmonton's finest offerings.
Edmonton Zone Map for Detailed Market Analysis
Use the Edmonton Zone Map to analyze specific neighborhoods for more tailored insights. Plan your search or sale with data that matters.
Final Thoughts
The Edmonton housing market is proving to be resilient which are excellent news for both buyers and sellers.
Whether buying or selling, we are here to assist you in growing confident about every step in Edmonton's real estate market, from tools and articles to guiding you through each step.