Edmonton Real Estate Market Update – April 2025

As we move through 2025, the Edmonton real estate market continues to show signs of growth, despite some fluctuations in sales activity. With significant increases in both prices and new listings, the Edmonton market remains competitive. In this blog, we’ll dive into the latest trends, key statistics, and what buyers and sellers can expect from the Edmonton housing market in the months ahead.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

In April 2025, 3.20K new listings were added to the market, which is a 10.09% increase compared to the same month in 2024. This increase in new listings is a positive sign for buyers, as it indicates that more homes are becoming available on the market, offering more options for those looking to purchase.

What Does This Mean for Buyers and Sellers?

For buyers, the rise in new listings means more opportunities to find the home that suits your needs. While inventory remains relatively tight, this increase in new properties may help alleviate some of the competition. However, desirable homes in popular neighbourhoods will continue to see multiple offers, so it’s important to act quickly when you find a property you’re interested in.

For sellers, while the increase in new listings may mean more competition, it also signals that the market is still in demand. Homes that are well-priced and well-presented will continue to attract buyers, and pricing your home strategically is key to standing out in a crowded marketplace.

Average List Price Edmonton Real Estate Market

One of the standout figures in the Edmonton market is the average sale price, which rose to $444K in April 2025, marking a 7.19% increase from April 2024. This increase in home prices aligns with the broader trend seen across many parts of Canada, where low inventory, strong demand, and economic factors continue to drive prices higher.

What’s Behind the Increase in Prices?

• Demand Outpaces Supply: The rise in prices is primarily due to the ongoing imbalance between supply and demand. While the number of new listings has increased, it’s still not enough to keep pace with the demand from buyers.
• Increasing Construction Costs: New construction is driving higher home prices as building materials and labor costs continue to rise. These costs directly affect the price of newly built homes, pushing the average sale price higher across all sectors of the market.
• Desirable Location: Edmonton remains a key city for both first-time buyers and investors. The combination of affordable living compared to other major cities, a diverse job market, and an array of amenities makes Edmonton a very attractive place to buy property.

For buyers, this means that purchasing a home in Edmonton may continue to be more expensive as the average sale price continues to rise. Acting sooner rather than later may be beneficial if you want to lock in a price before it increases further.

For sellers, the increase in prices provides a great opportunity to list your property and potentially secure a strong sale price. The market conditions are favourable for sellers, especially if your home is well-maintained and priced appropriately.

Home Sales In The Edmonton Real Estate Market

In April 2025, Edmonton experienced a slight decline in the number of properties sold, with 1.94K homes sold, reflecting an 11.52% decrease compared to the same period in 2024. However, the overall market shows positive signs as the year-to-date (YTD) sales have only decreased by 1.59% compared to the previous year, with 6.39K homes sold so far in 2025.

Edmonton Average Home Sale Price 

One of the standout figures in the Edmonton market is the average sale price, which rose to $444K in April 2025, marking a 7.19% increase from April 2024. This increase in home prices aligns with the broader trend seen across many parts of Canada, where low inventory, strong demand, and economic factors continue to drive prices higher.

Ask to Sell Ratio

The ask-to-sell ratio for Edmonton in April 2025 was 99.2%, indicating that homes are selling very close to their asking prices. This shows that sellers are getting strong offers that align with their expectations. It also reflects a competitive market where buyers are willing to meet or approach asking prices, especially for well-priced and desirable properties.

Edmonton Real Estate Market -Average Days 

One of the more encouraging trends for sellers is the decrease in the days on market. Homes in Edmonton are selling in an average of 43 days in April 2025, a 15.69% decrease compared to April 2024. This indicates that properties are moving faster and suggests a quick-moving, competitive market.

Why Are Homes Selling Faster?

• Strong Buyer Demand: With homes in demand, buyers are making quicker decisions and offers on properties they are interested in. As competition rises, homes that are priced correctly are selling faster.
• Effective Pricing Strategies: Homes that are priced appropriately are seeing quicker sales. Sellers who are strategic about pricing are likely to see their homes sell in a timely manner.
• Appealing Homes: Homes that are move-in ready, well-maintained, and staged effectively tend to sell faster. Buyers are more likely to make offers on properties that present well and require minimal work.

For buyers, this means that if you find a home you like, it’s important to act quickly. Homes are not staying on the market for long, and you may miss out if you hesitate.

For sellers, the decrease in days on market is a positive sign. Homes that are properly priced and well-presented are moving quickly, meaning you could see a quicker return on your investment with the right approach.

Looking to buy or sell in Edmonton? CONTACT CHRIS REID

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