Average House Price in Edmonton
The average house price in Edmonton is $432,400
Edmonton’s Housing Market – May 2025
In May 2025, Edmonton’s housing market remained a seller’s market, with 2,967 residential units sold, including 1,730 detached homes, 289 semi-detached, 466 apartments, and 482 townhouses, though sales dropped 7.9% year-over-year. The average home price reached $464,277, up 5.2% annually but down 1.3% from April, while benchmark prices hit a record $439,100, up 9.8% yearly. The sales-to-new-listings ratio was 60%, and inventory levels indicated a tight market, with a sales-to-inventory ratio of 46%, signaling a shift toward a balanced market. Despite economic uncertainties from U.S. trade tensions, Edmonton’s affordability compared to other major Canadian cities, coupled with steady population growth, continued to drive demand, particularly for single-family homes in the $350,000–$450,000 range.
Housing Market in Edmonton – April 2025
In April 2025, Edmonton’s housing market demonstrated robust growth, with the average home price reaching an all-time high of $470,447, reflecting a 9.1% year-over-year increase and a 2.1% month-over-month rise. The median residential sale price stood at $445,650, up 6.5% from the previous year, driven by strong demand and limited inventory.
Housing Market in Edmonton – March 2025
Edmonton’s housing market in March 2025 is a seller’s market. Sales increased 26.2% month-over-month, and luxury sales over $700,000 surged 69.7% year-to-date, supported by a 12% population increase over five years. Housing starts remain strong, focusing on single-detached homes, despite high unabsorbed inventory. Rental price trends are softening, with a gradual increase in vacancy rates expected. Initiatives like the Infill Infrastructure Fund and automated permit reviews aim to boost supply, but affordability challenges persist.
In May 2025, house prices in Edmonton increased by 10.1% year over year.
| Average House Price in Edmonton | |||
| 2023 | 2024 | 2025 | |
| January | $359,500* | $367,600* | $412,200 |
| February | $361,700* | $375,100* | $421,800 |
| March | $369,400* | $383,600* | $431,300 |
| April | $370,000* | $388,500* | $431,100 |
| May | $370,100* | $392,700 | $432,400 |
| June | $374,600* | $401,100 | |
| July | $372,900* | $399,700 | |
| August | $371,900* | $400,200 | |
| September | $371,100* | $399,400 | |
| October | $368,200* | $396,800 | |
| November | $365,900* | $395,400 | |
| December | $368,000* | $397,400 | |
| Source: CREA 2023 | |||
| *Updated | |||
House prices in Edmonton 2020-2022
| Average House Price in Edmonton | |||
| 2020 | 2021 | 2022 | |
| January | $313,800* | $322,900* | $375,900* |
| February | $313,100* | $326,400* | $388,000* |
| March | $316,400* | $333,300* | $402,300* |
| April | $314,700* | $339,600* | $409,700* |
| May | $316,400* | $375,400* | $406,100* |
| June | $320,100* | $377,900* | $405,900* |
| July | $322,000* | $378,000* | $399,900* |
| August | $324,200* | $376,300* | $388,900* |
| September | $324,500* | $373,700* | $378,300* |
| October | $323,800* | $374,700* | $368,500* |
| November | $324,000* | $370,000* | $363,300* |
| December | $323,400* | $369,500* | $362,200* |
| Source: CREA | |||
| *Updated | |||
Average house prices in Edmonton 2017-2019
| Average House Price in Edmonton | |||
| 2017 | 2018 | 2019 | |
| January | $356,850* | $326,700* | $317,300* |
| February | $360,251* | $330,500* | $316,200* |
| March | $335,200* | $333,600* | $319,200* |
| April | $337,500* | $334,300* | $321,100* |
| May | $338,600* | $335,100* | $323,800* |
| June | $340,100* | $334,700* | $324,800* |
| July | $338,700* | $333,700* | $323,800* |
| August | $337,000* | $330,000 | $322,200* |
| September | $335,400* | $326,700 | $320,300* |
| October | $332,100* | $324,100* | $317,300* |
| November | $327,900* | $321,800 | $316,600* |
| December | $325,800* | $319,200 | $312,900* |
| Source: CREA | |||
| *Updated | |||
Home prices depend on the size, location, amenities, the age and condition of the apartment, townhouse or house.
Decide if homeownership is right for you.
Here are some recommendations from the Canada Mortgage and Housing Corporation to buying your first home:
- Check if you are financially ready to own a home
- Analyze your situation and mortgage possibilities
- Find the right home
- Make and offer and close the deal
