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Edmonton Housing Market Report
- The average home price in the Edmonton area slipped to $457,641 in October 2026, down 1.8% from September but still 0.6% higher than in October 2025.
- The composite benchmark price was $417,200, off 1.4% on the month and essentially flat against last year at -0.3%.
- Detached homes averaged $550,510, a 3.4% monthly dip and 1.6% below last October.
- Semi-detached prices averaged $410,683, down 0.6% from September and 4.3% year-over-year.
- Row and townhouse prices went the other way at $297,691, up 2.8% on the month and 0.2% above a year ago.
- Apartment condos averaged $213,245, up 2.2% on the month and 5.2% year-over-year, the segment's quiet overachiever.
- Among Canada's six largest population centers, Edmonton remains the most affordable.
Edmonton Housing Market Overview
Edmonton Housing Market: Price Movements for October 2026
| Home Price | 1-Month Change | 1-Year Change | |
|---|---|---|---|
Benchmark Home Price | $417,200 | -1.4% | -0.3% |
Average Home Price | $457,641 | -1.8% | +0.6% |
Median Home Price | $423,000 | -2.8% | -1.6% |
Note: The MLS HPI benchmark price represents the value of a ‘typical’ home in the area.
Annual and Monthly Price Movement
October carried on September's gentle cooling. The average sale price of $457,641 gave back 1.8% from the previous month, yet it still sits 0.6% above a year ago, so prices are drifting rather than dropping. Detached homes did most of the pulling back, easing 3.4% to $550,510 and landing 1.6% under last October, while semi-detached homes slipped to $410,683. The smaller end of the market leaned the opposite way: row and townhouse prices firmed 2.8% to $297,691, and apartment condominiums added 2.2% to $213,245, a solid 5.2% ahead of last October. When the entry-level segments are the ones gaining ground, it usually says more about who is buying than about a market running hot.
The MLS Home Price Index tells the calmer, trend-level version of the same story. The Edmonton area composite benchmark eased to $417,200 in October, down 1.4% from September and effectively unchanged over the year at a 0.3% decline. By category, the single-family detached benchmark was $509,800, down 1.8% on the month and 1.1% year-over-year, and the apartment benchmark held roughly flat at $198,000, up 0.3% from September and 0.6% below last October. The townhouse benchmark edged down 0.7% on the month to $267,700. Put plainly, the typical Edmonton home is worth about what it was a year ago, which is its own kind of stability.
Median prices, which shrug off the occasional trophy sale, came in at $423,000 across all residential types, down 2.8% from September and 1.6% below October 2025. Detached medians were $503,500 (down 1.7% year-over-year), semi-detached $405,000 (down 4.3%), and row/townhouse $303,057, off 1.6% from last year even after a 2.7% monthly bump. Apartment condos were the lone gainer once more, with a median of $185,000, up 0.7% from a year earlier.
Sales Numbers and State of the Edmonton Market
In October 2026, 1,882 homes changed hands across the Greater Edmonton Area, made up of 1,155 detached houses, 245 semi-detached, 261 row/townhouses, and 221 apartment condominiums. That is 3.9% fewer than in September and 8.7% below last October, the sort of step-down the calendar tends to serve up heading into winter. New listings also thinned to 3,264, though they remain 2.9% ahead of a year ago, and month-end inventory settled at 7,533 units, down 6.6% from September but still a hefty 15.2% above where it stood last October.
With fewer new listings arriving, the sales-to-new-listings ratio firmed to 58%, up from 51% in September, while the sales-to-inventory ratio edged up to 25.0%. Months of supply held at 4.0, barely changed from September's 4.1 and comfortably inside balanced territory. Buyers still have plenty to choose from; sellers just need to price for a market that is paying attention.
It took an average of 43 days to sell a home in Greater Edmonton, about the same as September and three days longer than in October 2025. Patience is quietly back in fashion.
Edmonton Housing vs. Inflation and Other Housing Markets
Edmonton remains an affordable housing market compared with other large Canadian housing markets. Over the past 20 years, benchmark Edmonton house prices have increased by 65%, compared with a CPI inflation of 56%. Meanwhile, the population of Edmonton and its surroundings grew by 62%, from 1,043,000 in 2005 to 1,692,000 in 2025.
Looking at more recent history, the ten-year price growth (Q3 2016 to Q3 2026) of Edmonton homes, 21%, has been very modest next to other major Canadian cities: 32% for the Toronto housing market, 101% for the Montreal housing market, 37% for the Calgary housing market, and 77% for Ottawa, the lone exception being Vancouver at 6.6%, which sat at a frenzy peak ten years ago. That underperformance points to a relative absence of speculation in Edmonton, which in turn implies an ample housing supply. Given the link between unaffordability and over-regulation of land use, Edmonton buyers are reaping the fruits of housing freedom, especially the quick approval of new housing projects.
Note: The benchmark price reflects the value of a typical home based on the MLS HPI, while the average and median prices represent actual transactions. High-end sales can skew the average, while the median is less sensitive to extremes.
Notes: % changes are from WOWA's versioned month-end series. Later board revisions may lead to small % differences versus the board's current live pages.
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Home Prices in Edmonton
Greater Edmonton Area Housing Market Statistics for All Property Types in October 2026
Average Sold Price and MLS HPI Benchmark Price for GEA
Total Transactions in GEA
Market Overview for Detached Homes in October 2026
Average Sold Price
Transactions
Market Overview for Semi-Detached Homes in October 2026
Average Sold Price
Transactions
Market Overview for Townhouses in October 2026
Average Sold Price
Transactions
Market Overview for Condo Apartments in October 2026
Average Sold Price
Transactions
Glossary and Definitions
MLS® Home Price Index (HPI): Developed by the Canadian Real Estate Association (CREA), the MLS® HPI is the most advanced tool for tracking price trends in the Canadian housing market. Rather than using simple average prices, which can be skewed by the mix of homes sold in a given month, the HPI tracks the value of a "Benchmark Home"—a property with typical attributes for its specific neighborhood. This allows for an accurate "apples-to-apples" comparison of home values across different regions and time periods, independent of a property's specific features or seasonal volatility. To ensure the index remains relevant, CREA performs an annual review every May to account for evolving market dynamics.
MLS® HPI Benchmark Price: This is the dollar value assigned to a "typical" home in a specific neighborhood. While the HPI itself is an index number used to track trends, the Benchmark Price translates that data into a real-world dollar figure, representing what a standard home with average features (like square footage, rooms, and lot size) would likely sell for in today's market.
Property types
Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.
Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.
Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.
Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.
Property Classes
Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.
Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.
Leasehold: Leasehold describes the situation where different entities own the land and the structure built on the land. Owners of the buildings have leased the land and pay rent to their landlord while owning the building on the land.
Housing Markets Across Canada
Data sourced from the RAE and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
Disclaimer:
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- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.
- The trademarks MLS®, Multiple Listing Service®, and associated logos are owned by CREA and identify services provided by its members.