What Is My House Worth in Edmonton? (2026)

Your house is worth what a buyer will actually pay for it today, not what your tax assessment says and not what your neighbour bragged about. In Edmonton, the gap between those numbers can be tens of thousands of dollars. This guide shows you the three ways to value a home, the real 2026 Edmonton numbers behind each one, and how to land on a price you can defend.

Three Different "Values," Three Different Numbers

When someone asks "what is my house worth in Edmonton," they are usually mixing up three separate numbers that almost never match.

The first is your assessed value, set by the City of Edmonton for property tax. The second is appraised value, set by a licensed appraiser when you get a mortgage. The third is market value, the price a real buyer will actually pay right now. Only the third one matters when you sell.

Here is why they drift apart. The City of Edmonton assesses your home using a mass appraisal model required by Alberta's Municipal Government Act. The 2026 assessment reflects market conditions as of July 1, 2025, adjusted for physical changes recorded through December 31, 2025. So your tax notice is a snapshot from several months ago, not a current price tag.

The City itself says assessed values land within about 10% of actual sale price, but the market moves constantly between the valuation date and your sale date. That 10% on a $500,000 home is $50,000 of wiggle room. Useful as a sanity check, useless as a listing price.

For a deeper breakdown of why your tax number and your sale number disagree, read our guide on property assessment versus market value in Edmonton.

What Edmonton Homes Actually Sell For in 2026

Forget list prices for a moment. The number that defines your home's worth is what comparable homes have sold for, not what they are asking.

Across the Repliers MLS dataset, the median sold price for an Edmonton detached home is $472,584, drawn from more than 22,000 sold transactions. The median active list price is $544,144 across roughly 6,640 listings. That is a gap of about $71,560, roughly 13%.

That gap is not random. The data shows 63% of Edmonton homes sell below their list price and only 25% sell above it. Sellers list high, buyers negotiate down, and the sold price is where the truth lands. The typical Edmonton home takes about 29 days to sell, and freehold homes trade at an average of $339 per square foot.

Condos tell a quieter story. The median condo sold price is $250,647 against a median list of $246,974, and condos average $246 per square foot with a median 33 days to sell. The roughly 38% per-square-foot premium for a freehold home over a condo is the clearest single signal of how much Edmonton buyers pay for land and detachment.

Proof: What Real Edmonton Homes Sold For This Month

Numbers in a chart are abstract. Actual closed sales are not. Here are the most recent Edmonton residential sales on record, and notice how the sold price diverges from the original list price in every direction.

The pattern in recent sales proves the point. A Windsor Park home listed at $1,025,000 sold for $1,010,000 in 23 days, just under list. An Alces new build listed at $649,250 sold for $590,000 after 103 days on the market, well under list. An Edgemont new build listed at $502,600 sold for $524,999, above list. Same city, same week, three completely different relationships between asking and selling.

This is why "what is my house worth in Edmonton" never has a single tidy answer. Location, condition, days on the market, and how aggressively the home was priced all bend the final number.

How a REALTOR® Actually Values Your Home (The CMA)

The tool that turns "what's my home worth" into a defensible number is a comparative market analysis, or CMA. It is the same logic a professional appraiser uses, applied to pricing your sale.

CMHC describes the professional valuation process as three parts: an unbiased look at your property's physical and functional features, a detailed comparison to recent comparable sales nearby, and an evaluation of current market conditions. A CMA does all three, focused on getting you the right list price.

A good Edmonton CMA pulls homes that recently sold within a kilometre or two of yours, similar in size, age, style, lot, and condition. It adjusts up or down for differences: a finished basement, a double garage, a new roof, a ravine lot. The result is a tight price range grounded in what buyers just paid, not what sellers hoped to get.

A CMA and a bank appraisal are close cousins but serve different masters. The appraisal protects the lender; the CMA prices your sale. If you want the full distinction, read home appraisal versus CMA in Edmonton. You can also get a free, no-pressure valuation through our home worth tool.

The Market Conditions Bending Edmonton Values in 2026

Your home does not get valued in a vacuum. The wider Edmonton market sets the tide that lifts or drops every price.

Inventory has climbed sharply heading into 2026, which is why buyers have negotiating room and 63% of homes close below list. At the same time, demand is real: Edmonton recorded 1,020 residential sales in May 2026 and 537 in the first half of June. Houses are still moving, just not at list price.

New construction is a competing force. Statistics Canada pegged new single-detached homes in the Edmonton area at an average of $593,500 in Q4 2025, with new condos averaging $367,300. Edmonton also hit record housing starts in 2025, so resale sellers face more competition from brand-new supply.

Several forces push your specific number around: location and neighbourhood, square footage, age and condition, renovations, and the broader market mood. For the full list of what moves the needle, see factors that affect home value in Edmonton, and if you are planning upgrades before selling, check renovations that add value in Edmonton so you spend where it pays back.

From "What's It Worth" to "What Will I Net"

Knowing your home's value is step one. Knowing what you keep after the sale is what actually matters for your next move.

Say your Edmonton detached home lands at the median, around $472,584. Your take-home is not that full number. Real estate commission, your mortgage payout, legal fees, and any adjustments come off the top first. A home worth half a million can net very differently depending on your remaining mortgage and the commission you negotiate.

Run your own numbers with our seller net proceeds calculator to see what actually lands in your account after every cost comes out. It turns a vague "my house is worth $472K" into a real take-home figure you can plan around.

Commission is usually the single largest deduction, so it pays to model it directly. Our REALTOR® commission calculator shows your estimated commission at different rates so there are no surprises at closing. One thing Edmonton sellers do not pay: there is no land transfer tax in Alberta, which saves you thousands compared to provinces like Ontario or British Columbia.

For more on setting the right number from the start, read how to price your home in Edmonton in 2026 and the full how to sell a house in Edmonton in 2026 walkthrough.

Frequently Asked Questions

How do I find out what my house is worth in Edmonton?

Start with recent sold comparables, the prices similar homes near you actually closed at, not their list prices. The median Edmonton detached home sold for $472,584 in the current dataset. A comparative market analysis from a local REALTOR® turns those comparables into a defensible range, and a free home worth valuation gives you a no-pressure starting point.

Is my Edmonton property tax assessment the same as my home's value?

No. Your 2026 City of Edmonton assessment reflects market conditions as of July 1, 2025, so it lags the live market by several months or more. A typical detached home is assessed at $492,500 for 2026. The City says assessments land within about 10% of sale price, but that 10% is roughly $50,000 of room on a $500,000 home, so use it only as a rough check.

Why is the sold price lower than the list price in Edmonton?

Because most Edmonton sellers list high and buyers negotiate down. The data shows 63% of Edmonton homes sell below asking and only 25% sell above. The median list price is $544,144 while the median sold price is $472,584, a gap of about $71,560. This is why valuing your home on list prices alone will overprice it.

How much is a house per square foot in Edmonton?

Freehold detached homes in Edmonton average about $339 per square foot based on sold transactions, while condos average roughly $246 per square foot. That gap of about 38% reflects how much Edmonton buyers pay for land and a detached home. Per-square-foot figures are a useful sanity check but vary widely by neighbourhood and condition.

What is the difference between an appraisal and a CMA in Edmonton?

A professional appraisal is ordered by your lender to protect the mortgage, and it follows a formal, regulated process. A comparative market analysis (CMA) is prepared by a REALTOR® to price your sale, using the same logic: physical features, comparable sold prices, and current market conditions. Both lean on sold comparables, but the appraisal serves the bank while the CMA serves your listing. See our appraisal versus CMA guide for the full breakdown.