Edmonton, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $487,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $487,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Edmonton, Alberta
The Edmonton real estate market is currently experiencing steady growth, with the median house price sitting at $487,000, reflecting a year-over-year increase of 3.4%. This moderate appreciation indicates a stable market environment that is potentially beneficial for both buyers and sellers. The median apartment price has also seen a rise, albeit at a slower pace, with a 2.3% increase year-over-year, leading to a current price point of $295,000.
Edmonton’s population has grown by 3.4%, which suggests an uptick in demand for housing as more people move to the area. This demographic shift can create opportunities for both residential and rental markets as the need for accommodation rises. The consistent growth pattern in property prices, combined with population increases, points to a resilient market less susceptible to volatile swings.
Investment Opportunities and Potential in Edmonton
Given the upward trends in Edmonton’s housing prices coupled with steady population growth, the city presents several attractive investment opportunities. Investors can consider purchasing residential properties to cater to the growing demand driven by the increasing population. The fact that apartment prices are rising at a slightly slower rate than houses may indicate an opportunity for investors to enter the market at a more accessible price point while anticipating future appreciation.
Moreover, rental properties could be particularly lucrative due to the influx of new residents seeking temporary or long-term housing solutions. With a balanced increase in property values, investors might anticipate stable returns on investment without the risks associated with overheated markets.
Future Market Outlook for Edmonton
The future real estate market outlook for Edmonton appears promising. The consistent rise in property values across both houses and apartments suggests that there is sustained confidence in the market’s stability. Furthermore, with a healthy population growth rate of 3.4%, it is likely that demand for housing will continue to support property prices.
While no market is entirely predictable, current indicators seem to suggest that Edmonton will maintain its course of gradual growth without facing extreme fluctuations. Therefore, potential investors and homeowners can look at this data with cautious optimism when considering long-term real estate commitments in the city.
In conclusion, while remaining mindful of broader economic conditions that might impact local and national real estate markets, Edmonton presents itself as an attractive locale for real estate activity based on current trends and future prospects.
