Edmonton Condo Real Estate Market September 2025

Average List Price Edmonton Condos

💲 Average Asking Price Rises to $239,000

In September, the average asking price for an Edmonton condo rose to $239,000, representing a 1.99% increase over last year. On a year-to-date basis, the average sits at $236,000, holding steady with a minimal 0.06% increase compared to 2024.

Why this matters:

• Sellers are maintaining strong price expectations.
• Buyers should budget carefully — even if fewer condos are selling, the ones that are listed aren’t seeing massive price drops.

The steady asking price trend also suggests that Edmonton’s condo market remains resilient — especially compared to other Canadian cities experiencing deeper pricing corrections.

Edmonton Condo Sales

🏢 Condo Sales: Volume Drops Again in September

There were 286 condos sold in September 2025, which marks a 12% decrease compared to September 2024. Year-to-date, 3,061 condos have sold across the city — down 6.62% from 3,278 sales in the same period last year.

This reduction in volume can largely be attributed to:

• Rising interest rates affecting buyer qualifications
• Inventory shifts creating more buyer choice (and longer decision timelines)
• Seasonal slowdown heading into the fall

For buyers, fewer sales mean reduced competition — a positive sign. For sellers, this highlights the importance of pricing and presentation in a slower-paced market.

Edmonton Average Condo Sale Price

💰 Average Sale Price Climbs to $201,000

While sales volumes have decreased, pricing is holding strong. The average sale price for condos in September 2025 hit $201,000, up 3.10% from the same month in 2024. Year-to-date, the average sale price stands at $209,000, which is an impressive 6.22% increase from $197,000 in 2024.

Key insight: Buyers may have more choice, but sellers who list their units competitively are still commanding strong values.

📉 Ask-to-Sell Ratio Holds Strong at 96.5%

The average ask-to-sell ratio in September 2025 was 0.965, a slight 0.01% decrease from last year. Year-to-date, the ratio is 0.968, just a hair under the 0.969 recorded in 2024.

This indicates that:

• Sellers are achieving close to their asking prices.
• There isn’t widespread discounting in the condo market.
• Buyers may not have as much price negotiation room as they might think — especially on desirable or newer units.

Average Days on Market

⏱️ Days on Market Shorten to 67 Days

Condos are selling faster than last year. In September 2025, the average time it took to sell a condo in Edmonton was 67 days, a notable 8.22% improvement over the 73-day average in September 2024. Year-to-date, the average is also 67 days, down from 70 last year.

This signals that well-priced and well-presented condos are moving — even in a market with more listings and slower overall sales.

📅 YTD Comparison Table (2025 vs 2024)

🔍 What This Means for Buyers

✅ More choices: Inventory is higher than last year, which means more units and more room to negotiate.
✅ Stable prices: No deep discounts, but room to negotiate on terms or closing dates.
✅ Faster process: Condos are still selling quicker than last year — be ready with pre-approval and a clear idea of what you want.

📌 Tip: Target newer buildings or well-managed condos for better long-term resale and lower maintenance risk.

💼 What This Means for Sellers

✅ Solid pricing: If you price your condo right, you can still get top dollar.
✅ Faster sales: The average days on market is decreasing — momentum is still there.
✅ More competition: Listings are up — make your property stand out with staging, marketing, and pro photography.

📌 Tip: Condos under $250K are especially hot with first-time buyers and investors — consider listing now to capture this demand.

🔮 Market Outlook: What’s Ahead for Q4?

As we enter the final quarter of 2025, the Edmonton condo market is expected to remain relatively balanced. While sales volumes may continue to be lower than last year, prices are projected to remain stable or trend slightly upward.

With interest rates stabilizing and demand from first-time buyers and investors continuing, the condo market should maintain its resilience into the winter.

📞 Ready to Buy or Sell Your Condo in Edmonton? Let’s Talk.

Whether you’re entering the market for the first time or considering selling your current condo, I’m here to help. With expert knowledge of Edmonton’s real estate trends, strong marketing tools, and a passion for helping clients succeed, I’ll guide you every step of the way.

📲 Call or text Chris Reid at (780) 717-5267
📍Century 21 Leading

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. 

Are you considering buying or selling or just interested in more information on the condo real estate market in Edmonton? CONTACT ME HERE 

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