Edmonton is frequently cited as one of Canada's most affordable large-city real estate markets. While Calgary has seen a strong price surge driven by interprovincial migration, Edmonton's market has moved more modestly but steadily. In 2025, the average resale home price sits near $440,000 — exceptional value by Canadian standards for a city of nearly one million people with a diversified economy and no provincial income tax.
This guide covers current prices by property type, neighbourhood breakdown, market conditions, and what buyers and sellers can expect in Edmonton through the rest of 2025.
| Property Type | Average Price (2025) | Year-over-Year |
|---|---|---|
| Single-Family Detached | $530,000 | +5.1% |
| Semi-Detached / Duplex | $400,000 | +4.3% |
| Row/Townhouse | $320,000 | +4.8% |
| Apartment/Condo | $195,000 | +2.9% |
| All Types (Average) | $440,000 | +4.6% |
Edmonton's condo prices are particularly noteworthy — at under $200,000 on average, they are the most affordable of any major Canadian city. This creates accessible entry points for first-time buyers and yields attractive to investors seeking cash-flow positive properties.
Edmonton's market in 2025 is broadly balanced with some seller-market pressure in the detached segment. Condos have a slight oversupply relative to demand, creating buyer-favourable conditions in that category. Overall months of inventory sits around 2.5–3.5 months.
| Metric | 2022 | 2023 | 2025 |
|---|---|---|---|
| Avg Days on Market | 34 | 41 | 33 |
| Months of Inventory | 3.1 | 4.2 | 2.9 |
| Sales-to-New Listings Ratio | 54% | 47% | 55% |
| Neighbourhood | Avg Detached Price | Character |
|---|---|---|
| Glenora / Crestwood | $850,000 | Prestigious, river valley |
| Strathcona / Garneau | $580,000 | Character homes, U of A |
| St. Albert (adjacent) | $530,000 | Suburban, family |
| Sherwood Park (adjacent) | $490,000 | East suburban |
| Windermere / SW | $620,000 | New, luxury growth area |
| Northeast Edmonton | $390,000 | Affordable, diverse |
Edmonton stands out as genuinely affordable for a city of its scale and economic strength:
Edmonton's economy is diversifying beyond its traditional energy base. Major employers include the Alberta government, healthcare (one of Canada's largest hospital sectors), the University of Alberta, and a growing technology sector. Oil sands activity remains a significant economic driver, and when energy prices are strong, Edmonton's real estate benefits from increased wages and in-migration from smaller Alberta communities.
Edmonton is expected to see modest but steady price growth of 4–6% through 2025. The city's affordability advantage continues to attract buyers priced out of Calgary, and interprovincial migration — while more directed at Calgary — still benefits Edmonton. Interest rate cuts have improved buying power, and first-time buyers in particular are active in Edmonton's accessible price ranges.
The condo segment may remain soft as the city works through oversupply from the 2014–2018 construction cycle. However, the low prices create strong rental yield, attracting investors who help absorb supply.
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Open KOHO Free — Code 45ET55JSYAYes. Edmonton is one of Canada's most affordable large cities with average prices near $440,000 and a price-to-income ratio of about 4.4x — far more accessible than Toronto or Vancouver.
Edmonton condos average approximately $195,000 in 2025, among the lowest of any major Canadian city.
Alberta does not have a provincial land transfer tax. Buyers pay a nominal land title transfer fee but not the large tax common in Ontario and BC.