Edmonton Real Estate Market Update – March 2025

The Edmonton real estate market in March 2025 continues to show strong growth, offering exciting opportunities for both buyers and sellers. The market’s performance, with significant increases in prices and sales, is an indicator of a healthy, active housing sector. Whether you’re a first-time homebuyer, looking to sell, or interested in investment opportunities, the Edmonton market is one to watch. Here’s a detailed look at how the local real estate market is evolving and what these changes mean for you.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

New listings have also experienced significant growth. In March 2025, Edmonton saw 3,010 new listings, a 12.63% increase compared to March 2024. Year-to-date, the market has seen 7,230 new listings, reflecting a 13.20% increase from the same period last year.

The increase in new listings provides more options for buyers and indicates a more competitive market. For sellers, this is a great time to list your property and take advantage of the increased demand and higher prices.

Key Insights:

• March 2025 New Listings: 3.01K, +12.63% YoY
• YTD 2025 New Listings: 7.23K, +13.20% YoY

Sellers should take advantage of the market’s growth by listing their homes, as demand remains strong. Buyers, on the other hand, will benefit from more inventory but should move quickly to secure their ideal property.

Average List Price Edmonton Real Estate Market

The average asking price in Edmonton has seen a steady rise. In March 2025, the average asking price for homes was $493,000, marking a 5.98% increase compared to the same month in 2024. This increase in asking price aligns with the upward trend in the real estate market, reflecting both demand and the overall value increase of Edmonton homes.

Key Insights:

• March 2025 Asking Price: $493K, +5.98% YoY

Home Sales In The Edmonton Real Estate Market

In March 2025, Edmonton saw 1,860 properties sold, marking a 3.98% increase from the previous year. Year-to-date (YTD) sales for 2025 also show a positive trend, with 4,470 homes sold, a 3.64% rise compared to March 2024. This increase in transactions indicates that there’s strong demand in the Edmonton real estate market, which is expected to continue as we move further into 2025.

Key Insights:

• March 2025 Sales: 1.86K sold properties, +3.98% YoY
• YTD 2025 Sales: 4.47K sold properties, +3.64% YoY

This growth signals an active market where buyers are keen, and sellers are seeing quicker results. For potential buyers, this is an opportunity to act before prices increase further.

Edmonton Average Home Sale Price 

The average sale price for March 2025 is $441,000, which is an 11.63% increase compared to March 2024. The year-to-date average sale price for 2025 stands at $429,000, showing an 11.10% rise over the same period in 2024.

Key Insights:

• March 2025 Sale Price: $441K, +11.63% YoY

This continued price growth suggests that buyers need to be prepared for potentially higher prices, but the strong market conditions also indicate good value for those looking to invest.

Ask to Sell Ratio

The average ask-to-sell ratio in Edmonton in March 2025 was 99.6%, meaning homes are selling very close to their asking price. This ratio has seen a slight increase of 0.60% compared to the previous year. The high ask-to-sell ratio demonstrates that buyers are paying near asking price, which is great news for sellers looking to secure top value for their homes.

For buyers, this means that competition is fierce, and they may need to offer close to or at the asking price to be successful in securing their desired home.

Key Insights:

• March 2025 Ask-to-Sell Ratio: 0.996, +0.60% YoY

Edmonton Real Estate Market -Average Days 

Properties in Edmonton are selling faster than they were a year ago. The average number of days on the market until sale in March 2025 was 50 days, a significant reduction of 18.03% from March 2024. In fact, properties in 2025 have been selling faster overall, with the YTD average being 59 days, which is a 22.37% decrease from last year.

This quick turnaround is a sign of a highly competitive market, where homes are moving off the market quickly due to high demand. Sellers should prepare for quicker sales, while buyers need to be prepared to act fast.

Key Insights:

• March 2025 Days on Market: 50 days, -18.03% YoY
• YTD 2025 Days on Market: 59 days, -22.37% YoY

Looking to buy or sell in Edmonton? CONTACT CHRIS REID

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