Edmonton Condo Market Update: January 2025

As we head into 2025, the Edmonton condo market is showing significant growth and a dynamic shift in sales, prices, and inventory.  If you’re looking to invest in Edmonton’s condo market or considering buying or selling a condo, it’s essential to stay informed about the latest trends and statistics. Let’s break down the latest data to help you understand the current condo market in Edmonton.

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Edmonton Condo New Listings

New condo listings in Edmonton have also experienced growth. In January 2025, there were 448 new condo listings, a 9.27% increase from the 410 listings seen in January 2024. This increase in inventory provides more options for buyers, although competition can still be fierce given the strong demand. Sellers should consider taking advantage of this increased interest to maximize their chances of selling at a desirable price.

Average List Price Condo

The average asking price for condos in Edmonton has increased by 12.48% year-over-year, reaching $269,000 in January 2025, up from $239,000 in January 2024. This upward trend reflects the growing demand and the limited inventory of available condos in the market. For sellers, this increase in asking prices presents an opportunity to list properties at higher values. Buyers, however, may need to adjust their budgets and explore financing options to accommodate these price increases.

Condo Sales Edmonton

In January 2025, Edmonton saw a 31.66% increase in the number of condos sold, with 262 properties changing hands compared to just 199 sold in January 2024. This impressive growth in condo sales indicates a strong demand in the market, despite potential concerns about rising prices. For potential condo buyers, this surge in sales suggests that now might be a great time to enter the market, especially if you’re looking for a property with potential for appreciation.

Average Sale Price Edmonton Condos

The average sale price for condos in Edmonton has increased by 7.45%, reaching $204,000 in January 2025. This price hike mirrors the trend in asking prices and confirms that condos in Edmonton are holding their value well. For buyers, it’s important to be aware of the rising prices and act quickly to secure a deal that fits within their budget.

Average Days on Market

The average number of days on market for condos in Edmonton has decreased by 11.76%, from 102 days in January 2024 to just 90 days in January 2025. This decline in days on market signals a quicker turnaround for condo sales, as buyers are more eager to act fast in response to competitive pricing and available properties. For both buyers and sellers, this shift emphasizes the importance of being prepared and making swift decisions.

The Condo Market Outlook for 2025

Looking ahead to the rest of 2025, the Edmonton condo market shows no signs of slowing down. The combination of rising prices, increased sales, and a growing inventory of listings suggests that the market will remain active and competitive throughout the year. Buyers should be prepared for competitive bidding situations, while sellers can take advantage of the favourable market conditions to list their properties at higher prices.

For first-time buyers, the increasing number of new listings offers an opportunity to find a condo that meets their needs. Those looking to invest in Edmonton real estate can also benefit from the appreciation in condo prices, which is expected to continue as demand remains high.

Conclusion

The Edmonton condo market in January 2025 demonstrates an optimistic outlook, with robust sales, rising prices, and an increase in inventory. Whether you’re a buyer, seller, or investor, now is the time to act in Edmonton’s condo market. For those interested in entering the market, working with an experienced REALTOR® who understands the dynamics of the Edmonton condo market can help you navigate this competitive landscape and make informed decisions.

If you would like more information on the Edmonton single family home market contact Chris Reid

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