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Did you know that while new listings surged by 10.7% in Edmonton's real estate market this February, home sales dipped by 10.4% compared to last year?
As the Edmonton Real Estate Market navigates further shifts, February 2025 brings a challenging environment for buyers and sellers. The key indicators of this month's update include a 4.2% increase in monthly sales, with price trends showing divergence by property type.
Single-family detached homes averaged $546,455, with a monthly decline of -2.5%. Condo prices, on the other hand, surged yearly by an alarming 21.5%. Also worth noting is the time properties are spending on the market, as well as Keswick’s booming sales, where homes are selling for 48.4% above the average house price in Edmonton.
To successfully navigate Edmonton's evolving housing market, understanding its dynamics is key, whether your are buying or selling.
New Listings and Total Sold Overview
Edmonton's real estate market kicked off February 2025 with a 10.7% surge in new listings, reaching 2,040 properties on a month-over-month basis-the first clear sign that sellers are ramping up activity as spring approaches.
This uptick aligns with seasonal trends, answering the common question, "When do people sell houses?" Typically, early spring into late summer has been the time of increased seller activity. The significant jump for this month suggests confidence in buyer demand.
Sales-wise, a total of 1,284 houses were sold up a modest 4.2% increase on a monthly basis, but -10.4% annual decline. While the increase from month to month indicates typical seasonal buyer interest, the significant year-over-year decline may stem from low inventory, where buyers struggle to find suitable properties
Price Analysis for Different Property Types
This dynamic yet mixed landscape was reflected by Edmonton home prices in February 2025, indicating varying demand across property types.
Single-Family Detached Homes:
The average selling price of a single-family detached home in Edmonton decreased by -2.5% from last month to $546,455. Although this home price was down from the previous month, it is still 10.5% higher as compared to the same month of the previous year.
The median selling price of similar homes dipped a little to $521,250, which is up by 1.7% from last month and 13.3% YoY. The price, therefore, still signifies very strong demand despite the monthly fluctuations.
Half-Duplex:
The average half-duplex price in August surged to $431,771, which translates to a monthly gain of 1.2% and an annual appreciation of 7.2%.
The median cost was $430,000-another 0.4% increase from the previous month-along with a 7.5% yearly hike. With a still sought-after rate as a cheaper alternative for those who have been looking for more space than a townhome could provide them at their price range, this continued to be popular among buyers as a decent substitute.
Condominiums:
The average condo prices roared up by 3.8% monthly to $212,932, and the yearly rate of such growth was 21.5%. The median price of a condo advanced to $199,200 after increasing by 9.2% monthly and by 20.7% from a year ago.
Townhomes:
Townhomes continued their steady growth; the average price was now $281,435, a 0.4% increase from the previous month and a 10.2% increase from last year. However, the median price decreased slightly to $277,375, down 1.6% from the previous month and up 4.3% from last year, which may mean a difference in the premium and mid-range offerings. Buy a
Buy a no-condo fee townhouses, which may offer more value due to the absence of additional fees, providing a potentially more affordable option in the long run.
Sales-to-new-list Ratio
With the sales-to-new-listing ratio at 0.63, Edmonton leans toward a seller’s market, and this is where pricing strategies come in. With the seasonal upswing drawing near, answering the question "What time of year do people buy houses?" With the spring's traditional surge, market timing and affordability still remain of much consideration. Be it for investment or relocation: tracking house prices is key to seizing opportunities in this dynamic market.
Days on Market
Cumulative Days on Market, in other words, how long it takes homes to sell, gives one a better idea of the underlying trends. The single-family detached lingered for 57 days.
This contrasts with duplexes and residential-attached properties at 34 and 37 days, respectively, benefiting from lower entry costs. Condos took 80 days and continued to face oversupply or shifting buyer preferences.
Together, these metrics underscore a fragmented market where speed of sale depends on property type, pricing strategy, and alignment with changed buyer priorities on affordability and move-in readiness.
Neighborhood Highlight: Keswick
Emerging as a highlight in February 2025, Edmonton's Keswick Area brought together modern appeal and strong demand.
Browse homes for sale in Keswick.
This newer neighborhood, with homes that average just 3 years old and built in 2022, boasts spacious properties averaging 1,939 sq. ft., 38.6% larger than the city average, at an average price of $609,145, 48.4% above the city average.
The price per square foot sits at $311.19, 7.9% above the city average. The median sale price was $583,950, with home prices ranging from $410,000 to $1,395,000. Properties in Keswick averaged 32.3 days on the market, selling 25.5% faster than the city average. The list-to-sold price ratio of 99.4% hints at slight buyer leverage, making this a strategic target for sellers who price competitively.
Your Next Move?
Whether you're eyeing a single-family home, half-duplex, or luxury living, understanding the market is key. Sellers, know your numbers:
Seasonal Trends: Learn about the slowest months for real estate, what time of year people buy houses, and when people sell houses.
Let data-driven insights lead your next move, and reach out today to take advantage of the opportunities Edmonton's dynamic housing landscape presents.
Contact Us for personalized advice and guidance tailored to your needs.