Edmonton market report · September 2026

1,247 Edmonton homes sold in September

Here’s my September market update. Edmonton’s market kept slowing into fall, and I want to walk you through what I’m seeing. Across the Greater Edmonton Area, sales have fallen three months in a row: 2,535 homes sold in July, 2,143 in August and 1,959 in September. That is 8.8% fewer than August and 23% fewer than July. The average sale price slipped from $475,079 in July to $469,602 in August and $466,080 in September, down 0.8% in the month and 1.9% over the 90 days, though still 2.9% higher than September last year. New listings rose 7.2% in the month, and inventory sits 16.7% above a year ago. (REALTORS® Association of Edmonton, July to September 2026.)

Inside the City of Edmonton, 1,247 homes sold in September, and 8 in 10 sold below their final list price. On paper the supply still reads as balanced, at just under five months. The direction is what matters, and it is moving toward buyers: at the end of September, one in four homes for sale had cut its price in the previous 30 days.

Every figure below is a sale that closed inside the City of Edmonton between September 1 and September 30, 2026, from the MLS® system: what buyers actually paid, not what sellers asked. I’ve linked each section to my full report, with every community.

The whole market

Homes sold for 97.3% of their final list price on average. 12% sold over asking and 84% under. The lowest sale was $66,000 and the highest $3,030,000. At September’s pace, the 5,833 homes for sale at month end would take 4.7 months to sell.

Most sales: Chappelle Area (25), Wîhkwêntôwin (25), Rosenthal (21).

Single-family homes

863 sold at a median of $470,000

Sales ran from $110,000 to $3,030,000.

Most sales: Chappelle Area (22), The Uplands (21), Rosenthal (18).

Condos

384 sold at a median of $215,000

Sales ran from $66,000 to $1,750,000. Apartments had a median of $175,000 and townhouses $258,000. The median condo fee was $438 a month.

Most sales: Wîhkwêntôwin (25), Downtown (19), Rutherford (11).

Luxury, $850,000 and up

60 sold at a median of $1,074,380

Sales ran from $850,000 to $3,030,000. 40 sold for $1 million or more and 4 for $2 million or more.

Most sales: Windsor Park (5), Terwillegar Towne (4), Windermere (4).

What I expect this fall and winter

I’m expecting a slower fall and winter than usual. Edmonton always quiets down between October and January, but this year it is starting from a softer place: regional sales have fallen three months in a row and are 10% below last September, inventory is 17% higher than a year ago, and sellers are still reducing prices to find a buyer.

If you’re selling, I’d plan for more days on market and no room for an optimistic price. If you’re buying, I’d expect more choice, more time to decide and more room to negotiate than you had in spring.

How I read these numbers

I’ve worked in Edmonton real estate for nearly 23 years, and I put these reports together from every closed sale on the MLS® system, not from headlines. A citywide median doesn’t price a house. The last few sales in your community, in your price range, do. That is the work I do before I recommend a list price or an offer.

What I’d do with this

If you’re selling: half of Edmonton’s homes sold within 35 days, and 8 in 10 sold under their final list price. I’d set the price from what comparable homes actually sold for. We’re not in a market where aspirational pricing works. The community tables in each report are where I start.

If you’re buying: buyers paid 2.7% under list on average, but the room varies by community and price range. I’d check both in the reports before writing an offer.

Real Living · MaxWell Polaris · 780-450-6300
4107 99 Street, Edmonton, AB T6E 3N4

REALTOR® and MLS® are registered trademarks of the Canadian Real Estate Association, used under licence. Sold data from the REALTORS® Association of Edmonton MLS® system, September 2026. Information believed accurate but not guaranteed. Not intended to solicit properties already listed for sale.

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