Edmonton Condo Market Update: June 2025

As we approach mid-2025, the Edmonton condo market is showing several notable shifts that could impact buyers, sellers, and investors alike. Understanding these trends is crucial for anyone looking to enter Edmonton’s real estate scene. Whether you are a first-time condo buyer, an investor looking to expand your portfolio, or a seller looking to list your property, this market update provides the insights you need to make informed decisions.

   

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Edmonton Condo New Listings

New Condo Listings: More Options for Buyers

In June 2025, 694 new condo listings hit the Edmonton market, a 9.46% increase compared to the same month last year. This increase in new listings is a positive development for buyers who may have struggled with low inventory earlier in the year.

Year-to-date, 3,719 condos have been listed in 2025, a 4.09% increase from 2024. This growth in inventory helps balance the market and offers buyers more choice across a range of condo types and price points.

For Buyers:

More listings mean more opportunities to find the perfect condo. With increased selection, buyers can afford to be a little more selective and may have room to negotiate on price or terms, especially if competition softens in some segments.

For Sellers:

While more inventory can create additional competition, condos that are well-presented and accurately priced will still attract plenty of interest. Sellers should focus on proper staging, competitive pricing, and strong marketing to stand out in a growing market.

Average List Price Condo

In June 2025, the average asking price for condos in Edmonton reached $239,000, marking a 4.47% increase compared to June 2024. This steady rise in asking prices reflects sellers’ growing confidence in the market and suggests that condos are holding strong value amid ongoing demand. Year-to-date, the average asking price sits at $238,000, a slight but positive 0.52% increase from 2024, indicating that prices have remained stable throughout the year. Sellers are clearly aiming to capitalize on current market conditions by listing at competitive prices, while buyers should be prepared for this upward pricing trend as they navigate the condo market. Properly priced condos are generating solid interest, and this is contributing to continued sales activity across the city.

Condo Sales Edmonton

Condo Sales Rebound in June 2025

One of the most notable highlights this month is the 4.59% increase in monthly condo sales. With 410 condos sold in June 2025, the Edmonton condo market is showing signs of resilience after some year-to-date softness.

Although overall sales year-to-date (YTD) have seen a 4.83% decrease compared to 2024, the uptick in June sales suggests the market may be stabilizing heading into the summer months. This is good news for sellers who may have been concerned about slowing sales volumes earlier in the year.

For buyers, this growth in sales means more competition for available properties. It’s a signal that demand for Edmonton condos remains healthy despite fluctuations in other areas of the real estate market.

Average Sale Price Edmonton Condos

Price trends in the Edmonton condo market continue to show positive momentum. In June 2025, the average sale price for a condo was $212,000, which represents a 2.15% increase compared to June 2024.

When looking at the year-to-date picture, the average sale price sits at $211,000, reflecting an 8.18% increase over the same period last year. This sustained growth indicates that Edmonton condos are appreciating steadily, making them an appealing option for both first-time homebuyers and real estate investors.

Ask to Sell Ratio: Slight Dip, but Still Strong

The average ask-to-sell ratio in June 2025 was 0.970, a minor decline of 0.25% from June 2024. This means that, on average, condos are selling for about 97% of their asking price.

This ratio is still strong and indicates that sellers are generally achieving close to their list prices, especially if properties are accurately priced from the beginning.

Key Takeaway:

• Sellers can feel confident that listing near market value will likely result in offers close to asking.
• Buyers should be aware that lowball offers may not be as successful in this balanced but competitive condo environment.

Average Days on Market

How Quickly Are Condos Selling?

The average days on market for condos in Edmonton was 61 days in June 2025, which is a slight increase of 1.67% compared to June 2024.

Year-to-date, condos are selling in an average of 67 days, down from 73 days in 2024. This reduction indicates that condos are generally moving faster in 2025 compared to last year.

Why This Matters:

• Buyers should be prepared to act decisively, especially in competitive neighbourhoods where well-priced condos can sell quickly.
• Sellers can feel optimistic that their properties are not likely to sit on the market for extended periods, provided they are priced appropriately.

The Bigger Picture: Year-To-Date Trends

So far in 2025, the Edmonton condo market has seen:

• A 4.83% decrease in total condo sales year-to-date, with 2,031 condos sold compared to 2,134 at this point in 2024.
• A modest 0.52% increase in the year-to-date average asking price, now sitting at $238,000.
• An 8.18% year-to-date increase in the average sale price.
• A 4.09% increase in new condo listings compared to last year.

These statistics show that while sales volumes have slightly dipped compared to 2024, prices are still rising, and the number of listings is growing. This points to a market that is balancing itself after some highs and lows over the past year.

What’s Driving the Edmonton Condo Market in 2025?

Several factors are influencing condo sales in Edmonton this year:

1. Affordability Pressure in Other Markets
   • As single-family home prices in Edmonton continue to rise, more buyers are turning to condos as an affordable alternative, which is keeping condo demand stable.
2. Increased Inventory
   • More new condo listings are providing buyers with additional options, helping to keep the market balanced.
3. Appeal to First-Time Buyers and Investors
   • Condos remain popular among first-time buyers due to their lower entry price and among investors seeking rental income opportunities in Edmonton’s growing economy.
4. Strong Rental Market
   • Edmonton’s condo market benefits from a healthy rental sector, which makes condos an attractive option for investors looking to capitalize on rental demand.

Neighbourhoods to Watch in Edmonton’s Condo Market

While the overall condo market is showing growth, some neighbourhoods are particularly appealing for condo buyers and investors in June 2025:

• Downtown Edmonton: Continues to be a hotspot for young professionals and investors looking for rental opportunities close to work and entertainment.
• Westmount: Known for its walkability and mix of older and newer condos, Westmount remains highly desirable.
• South Terwillegar & Windermere: These areas offer modern condos with excellent access to new amenities, shopping centres, and transportation.
• Clareview & North Edmonton: Affordable condo options in these areas attract both first-time buyers and renters.

Each neighbourhood offers different advantages, and working with a local real estate expert can help buyers find the best fit for their needs and budget.

Tips for Buyers in Edmonton’s Condo Market – June 2025

If you’re planning to buy a condo in Edmonton this summer, here are some practical tips:

• Act Quickly: Condos are selling faster than in previous years. If you see a property that fits your needs, don’t wait too long to make a move.
• Get Pre-Approved: With competitive pricing and multiple buyers in the market, getting your financing in place will give you an edge.
• Consider Location: Think about proximity to work, transit, and amenities. Location remains one of the most critical factors in long-term value.
• Work with a REALTOR®: A knowledgeable local agent can help you identify good deals and navigate the competitive landscape.

Tips for Sellers in Edmonton’s Condo Market – June 2025

If you’re thinking about selling your Edmonton condo, here’s how you can position yourself for success:

• Price It Right: Condos are selling near asking price, but pricing too high can result in your property sitting on the market.
• Stage Your Condo: Well-staged condos sell faster and attract higher offers.
• Professional Marketing: High-quality photos, virtual tours, and broad online exposure are essential to attract buyers in a competitive space.

Conclusion: Edmonton’s Condo Market Remains Resilient

The Edmonton condo market in June 2025 is showing signs of steady growth and increasing activity. With rising sales, growing inventory, and healthy price appreciation, it’s a promising time for both buyers and sellers to engage in the market.

If you’re looking to buy or sell a condo in Edmonton, I would love to help you navigate the process with expert advice and personalized service.

📞 Call Chris at (780) 717-5267
📧 Email: creid@chrisreidedmonton.com

Let’s connect and make your next condo move a success!

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information. 

If you would like more information on the Edmonton condo market contact Chris Reid

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