Edmonton Condo Real Estate Market October 2025

Average List Price Edmonton Condos

💲 Average Asking Price Surges 15.89%

Despite the decline in sales, the average asking price jumped to $267,000, up a notable 15.89% year-over-year. This is the highest monthly asking price we’ve seen for condos in Edmonton in 2025. It suggests that sellers are maintaining strong expectations — and possibly listing higher-end or renovated units.

YTD, the average asking price is $238,000, a 1.30% increase over 2024’s $235,000 — a sign of moderate but steady upward pricing pressure.

Edmonton Condo Sales

📉 Sales Slump: 25% Fewer Condos Sold in October

October saw just 269 condos sold, a steep 25.07% decrease from the 359 sales recorded in October 2024. This is one of the largest monthly declines in 2025 so far.

On a year-to-date (YTD) basis, 3,330 condos have been sold in 2025, down 8.44% compared to 3,637 by this time last year.

What’s causing the slowdown?

• Rising interest rates impacting buyer budgets
• Increased inventory giving buyers more choice — and more hesitation
• Seasonal slowdowns common in fall markets

For sellers, this means pricing and marketing are more important than ever. For buyers, this presents a strategic opportunity to shop with more negotiating leverage.

Edmonton Average Condo Sale Price

💰 Sale Price Edges Up to $191,000

The average sale price in October 2025 was $191,000, a modest 1.05% increase from last October. Year-to-date, average sale prices are sitting at $207,000, up 5.89% from $196,000 in 2024.

This tells us that while sellers may be listing higher, buyers are still purchasing at more conservative levels — widening the gap between asking and final sold prices.

📉 Ask-to-Sell Ratio Slightly Improves

Interestingly, the ask-to-sell ratio inched up to 0.962, a 0.19% increase from last year. This means that, on average, condos are selling for about 96.2% of their list price — a solid benchmark for sellers aiming to price competitively and still get strong offers.

Average Days on Market

⏳ Condos Are Taking Longer to Sell

The average days on market rose to 75 days in October — an 11.94% increase over last year’s 67 days. This is the longest average selling period so far in 2025. Slower absorption times mean sellers need to be patient, while buyers can use this as an advantage when negotiating on properties that have been listed for over a month.

📅 YTD Comparison: 2025 vs 2024

🔍 Key Takeaways for Buyers

✅ More listings to choose from
✅ Longer average days on market = more negotiating room
✅ Slightly slower competition heading into winter

📌 Tip: Focus on condos that have been listed over 30 days — sellers may be more flexible.

💼 Key Takeaways for Sellers

✅ Prices remain steady despite sales declines
✅ Condos are still selling close to asking
✅ Strong fall listing strategy is crucial

📌 Tip: Stage your condo and work with a REALTOR® who can help you price it strategically for a 2025 sale or early 2026 closing.

🔮 Market Outlook for Winter 2025

With interest rates remaining elevated and affordability still top-of-mind for many buyers, we expect:

• Continued buyer caution through November and December
• Pricing to remain relatively flat through Q4
• Inventory to slowly decline as winter approaches

The good news? Edmonton condos continue to show resilient pricing, even as unit sales fluctuate — a good sign for long-term investors and buyers looking for stable value in the marketplace.

📞 Ready to Buy or Sell Your Edmonton Condo?

Whether you're making a move before the snow flies or planning ahead for early 2026, now is a great time to prepare your strategy.

📲 Call or text Chris Reid at (780) 717-5267
🏡 Edmonton Condo Specialist | Century 21 Leading
💬 Let’s talk about your goals — and how I can help you reach them.

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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