Edmonton, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.9% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $425,000 |
3 bedrooms | $485,000 |
4 bedrooms | $575,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $325,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,600 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest available data, Edmonton’s real estate market exhibits stable growth, with the median house price currently sitting at $485,000, reflecting a 4% year-over-year increase. This indicates a steady demand for housing in the region. Similarly, the median price for apartments has risen to $295,000, with a more modest year-over-year growth of 1.9%. These trends suggest that while there is a clear appreciation in property values across all housing types, the single-family home market is experiencing a slightly more robust growth compared to the apartment sector.
Investment Opportunities and Potential
The growth in Edmonton’s real estate market presents numerous investment opportunities. The consistent rise in median house prices coupled with a substantial population growth rate of 3.4% points towards an increasing demand for residential properties. For investors looking at long-term capital gains, single-family homes may present a more attractive option given their higher growth rate. However, apartments with a lower entry price point offer an opportunity for those looking for rental income or smaller-scale investments.
Future Market Outlook
The future outlook for Edmonton’s real estate market remains positive. With an expanding population base, currently at 15,000, there is a continued need for housing which is expected to sustain market activity. The steady economic environment and population influx should support both rental and ownership markets. Assuming no major economic disruptions, we can anticipate sustained growth in property values, albeit potentially at different rates for houses and apartments.