Greater Edmonton · Market
What a typical greater-Edmonton home is worth
As of May 2026, the benchmark price of a typical home across the greater Edmonton MLS® board is $425,200 — −1.6% versus a year ago and +14.4% over five years. Below: what a benchmark home is worth by type and over time (the MLS® Home Price Index, Source: CREA), then how active the market is right now (sales, listings and inventory from the REALTORS® Association of Edmonton).
Benchmark price
$425,200
MLS® HPI composite · −1.6% yr/yr · May 2026
5-year change
+14.4%
benchmark, vs five years ago
Months of inventory
3.1
broadly balanced · May 2026
Sale-to-list
99%
of asking, on average
Benchmark prices by home type
The MLS® Home Price Index tracks the price of a benchmark — a typical home with constant features — so the line follows price change itself, not shifts in which homes happened to sell. It is a board-level measure for the greater Edmonton MLS® area, and it is not the price a specific home would sell for. The condominium types have softened while single-family has held up:
| Home type | Benchmark | 1-yr | 3-yr | 5-yr |
|---|---|---|---|---|
| Composite — all home types | $425,200 | −1.6% | +15.0% | +14.4% |
| Single-family | $513,000 | +0.3% | +20.5% | +21.7% |
| Single-family, one-storey | $439,400 | −1.4% | +23.4% | +21.5% |
| Single-family, two-storey | $580,000 | +1.3% | +18.0% | +21.0% |
| Townhouse / row | $275,200 | −6.6% | +23.1% | +22.2% |
| Apartment | $202,100 | −9.3% | +17.1% | +13.0% |
Source: CREA — MLS® Home Price Index. As of May 2026.
Where prices have moved
The benchmark price by home type, month by month since 2005. The lines climbed together into 2007, gave back ground in 2008, then ground higher — but apartments and townhouses have lagged single-family over the last stretch.
Reading the chart: the benchmark every month from January 2005 to May 2026 — not a yearly average. The 1-storey and 2-storey single-family splits are in the table above; the chart shows the four headline types so the lines stay readable.
See how greater Edmonton’s benchmark compares to Toronto, Vancouver, Calgary & Canada →
Is it a buyer’s or seller’s market?
Benchmark prices say what a home is worth; the month’s activity says how the market is moving. Across the Greater Edmonton Area in May 2026, there were 2,557 sales (−13.4% year-over-year) against 7,839 active listings (+23.8%) — about 3.1 months of inventory, with homes selling at 99% of list. That reads as broadly balanced: sales easing while inventory builds points to a cooler market than a year ago. A single month can swing on seasonality.
| Measure | May 2026 | Year/year |
|---|---|---|
| Homes soldin the month | 2,557 | −13.4% |
| New listingsbrought to market | 4,854 | +2.8% |
| Active inventoryhomes for sale | 7,839 | +23.8% |
| Months of inventoryactive ÷ monthly sales | 3.1 | +1.0 mo |
| Sales-to-new-listingshow fast listings are absorbed | 53% | −10 pts |
| Median sale priceall residential — midpoint of what sold | $457,900 | +3.1% |
| Average sale priceall residential — mean of what sold | $491,794 | +6.3% |
| Days on marketaverage, to sell | 36 | +24.1% |
| Sale-to-list priceof asking, on average | 99% | −1 pts |
What sold, by property type (May 2026)
| Property type | Median price | Year/year | Sales |
|---|---|---|---|
| Detached | $548,000 | +2.8% | 1,580 |
| Semi-detached | $425,000 | −2.4% | 300 |
| Row / townhouse | $314,900 | +1.6% | 313 |
| Apartment / condo | $190,000 | −4.4% | 364 |
Year-over-year compares the same month a year earlier. Ratios (sale-to-list, sales-to-new-listings) change in percentage points, months of inventory in months, and counts and prices in percent — so “sales-to-new-listings 53%, −10 pts” means it was about 63% a year ago, not 68.9%. Median and average prices are the midpoint and mean of what sold; the benchmark above is the constant-quality MLS® HPI.
Source: REALTORS® Association of Edmonton (monthly statistics, Greater Edmonton Area). As of May 2026. Derived analysis, not a verbatim reproduction.
Greater Edmonton home prices — FAQ
What is the benchmark price of a home in greater Edmonton?
As of May 2026, the MLS® Home Price Index composite benchmark for the greater Edmonton board is $425,200 — −1.6% versus a year ago and +14.4% over five years (Source: CREA). The benchmark is the price of a typical home held constant over time, so it tracks price change itself rather than which homes happened to sell.
How much have greater-Edmonton home prices changed?
Over five years the composite benchmark is +14.4%; over three years +15.0%; over the past year −1.6%. The change is uneven by home type: single-family is +0.3% year-over-year while apartments are −9.3% — detached has held up better than condominiums.
Is greater Edmonton a buyer’s or seller’s market right now?
As of May 2026, the Greater Edmonton Area had 2,557 sales (−13.4% year-over-year) against 7,839 active listings (+23.8%) — about 3.1 months of inventory, with homes selling at 99% of list price. That reads as broadly balanced; sales easing while inventory builds points to a cooler market than a year ago. A single month can swing on seasonality (Source: REALTORS® Association of Edmonton).
What’s the difference between the benchmark price and the median sale price?
They answer different questions. The benchmark ($425,200, MLS® HPI, Source: CREA) is a constant typical home, so it measures pure price movement. The median sale price ($457,900, Source: REALTORS® Association of Edmonton) is the midpoint of homes that actually sold that month, so it moves with the mix of what sold. Neither is the price a specific home would sell for.
What is the MLS® Home Price Index (HPI)?
The MLS® Home Price Index measures the price of a benchmark "typical" home with constant features, so the series follows price change itself rather than shifts in the size or type of homes selling. It is published at the board/region level — here, the greater Edmonton MLS® board, not the city limits or any single neighbourhood — and it is not the price a specific home would sell for. Source: CREA.
About this data
Prices are the public MLS® Home Price Index (Source: CREA) for the greater Edmonton MLS® board area — a benchmark measure published from January 2005, shown here as a build-time snapshot so the page source shows the numbers. The publicly available HPI is board-level; the city-only and neighbourhood-level series are not published, so they are not shown here. Market activity is the REALTORS® Association of Edmonton’s monthly statistics for the Greater Edmonton Area, used as derived analysis with attribution. The two layers describe slightly different footprints — the MLS® board and the Greater Edmonton Area — and are labelled accordingly.
Sources & licence
- Source: CREA — MLS® Home Price Index (greater Edmonton board area). Benchmark prices, not seasonally adjusted.
- Source: REALTORS® Association of Edmonton — monthly statistics (Greater Edmonton Area).
The MLS® Home Price Index benchmark is a typical home held constant over time — it is not the price a specific home would sell for, not a sale price, and not an appraisal. Market figures reflect what sold, not what any specific home is worth. Trevor Tardif is a licensed REALTOR® with REAL Broker AB Ltd, Edmonton, Alberta. Content on this site does not constitute financial or investment advice.
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