Edmonton Single Family Home Market Update: January 2025

The Edmonton single family home market continues to show dynamic changes. As we move into 2025, several key metrics reveal both opportunities and challenges for potential buyers and sellers. Here’s an in-depth look at the latest market trends for single-family homes in Edmonton.

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Edmonton Single Family Home New Listings

The market is showing an increase in available homes, with 879 new listings, a 6.16% rise from January 2024.

Average List Price Single Family Homes

One of the most significant takeaways from this market update is the continued upward trend in home prices. The average asking price for single-family homes in Edmonton has jumped by 9.14%, reaching $638K. This is a clear indicator that demand for homes in the area is strong, even though there are fewer homes sold compared to last year.

Single Family Home Sales Edmonton

587 single-family homes were sold in January 2025, a slight decrease of 1.51% compared to the same period in 2024.

Average Sale Price Edmonton Single Family Home

• Homes are selling for an average of $552K, marking a 16.41% increase compared to January 2024. This sharp rise in sale prices is reflective of the higher demand for Edmonton’s single-family homes.
• Ask to Sell Ratio: The average asking price to sale price ratio is 0.990, indicating that homes are generally selling close to the asking price, with a slight increase of 1.27% from last year.

Average Days on Market

Homes are selling faster, with the average number of days on market reducing by 28.16%, dropping to 74 days in January 2025.

Opportunities for Buyers and Sellers

While the market may appear competitive, the increase in listings provides more options for buyers to choose from. If you’re a potential buyer looking to invest in a single-family home in Edmonton, it’s important to act swiftly as properties are selling faster than before. With average days on market dropping, you may face increased competition from other buyers, especially for well-priced properties.

For sellers, the current market conditions are favourable. If your home is priced correctly, you are likely to see a quick sale at a price closer to your asking price. The market is still very much in your favour, especially as demand for single-family homes remains high.

What Does This Mean for You?

• For Buyers: If you’re planning to purchase a home in Edmonton, be prepared for a competitive market. With fewer properties being sold, the pressure is on to make quick decisions. Work with an experienced REALTOR® to stay ahead of the curve and find the best deal.
• For Sellers: Now may be a great time to list your home, especially if it’s well-maintained and priced competitively. The rise in average selling prices indicates strong buyer interest, and with homes moving faster than before, you could be in a position to close a sale quickly.

Conclusion: A Thriving Market for Single-Family Homes

The Edmonton single-family home market remains a hot spot for both buyers and sellers. While there is a slight decrease in the number of homes sold, the rise in prices and faster sales times show that demand continues to grow. Whether you’re looking to buy or sell, now is an ideal time to navigate the Edmonton real estate market. Reach out to a trusted Edmonton REALTOR® to get expert guidance and make the most of this market.

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

City of Edmonton Website