Edmonton Real Estate Market Update – January 2025

The Edmonton real estate market has shown a positive trend heading into 2025. With significant increases in both property sales and prices, it’s an exciting time for both buyers and sellers in the region. In this blog, we’ll dive into the latest trends, key statistics, and what you can expect from the Edmonton housing market in the near future.

Key Stats:

• Number of Sold Properties: 1.27K (+17.34% compared to January 2024)
• Average Asking Price: $497K (+9.59% from 2024)
• New Listings: 2.02K (+21.97% year-over-year)
• Average Sale Price: $420K (+10.64% from 2024)
• Days on Market Until Sale: 74 days (down 23.71% from last year)

This upward trajectory in sales figures and pricing suggests a competitive market, driven by a combination of demand and a growing supply of listings.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

More Listings, More Choices

New listings in January 2025 reached a total of 2.02K, marking a 21.97% increase from the same month in 2024. This increase in available properties provides more options for buyers, especially as the market continues to heat up. Sellers can benefit from the high demand, but should be prepared for competition.

Average List Price Edmonton Real Estate Market

Rising Prices: What You Need to Know

One of the standout features of the Edmonton market is the increase in the average asking price, which has risen by nearly 10% to $497K.

This price increase indicates that Edmonton remains a desirable location for both homeowners and investors. Whether you’re considering purchasing a new construction home or looking to sell, this market presents strong opportunities.

Home Sales In The Edmonton Real Estate Market

As of January 2025, Edmonton’s real estate market continues to grow, with sold properties increasing by 17.34% year-over-year. There were 1.27K properties sold, compared to 1.08K in January 2024, demonstrating a substantial rise in transaction activity.

Edmonton Average Home Sale Price 

The average sale price in Edmonton has seen significant growth, reaching $420K in January 2025. This marks a 10.64% increase compared to January 2024, when the average sale price was $380K. This price jump reflects the continued demand for homes in the Edmonton area, as well as a shift in market dynamics influenced by various economic factors.

List-to-Sale Ratio: Understanding Market Demand

Another important metric to look at is the list-to-sale ratio, which reflects the percentage of the asking price that a home ultimately sells for. For Edmonton in January 2025, the average ask-to-sell ratio is 98.4%, a 1.37% increase compared to January 2024, when it was 97.1%.

This improvement in the ratio suggests that homes are generally selling for close to their asking prices. In a competitive market like this, buyers may have to be more strategic in their offers to secure a home at or near the asking price. Sellers, on the other hand, can expect that their homes will likely sell at a price close to their expectations, especially if the property is priced correctly and in good condition.

A high list-to-sale ratio indicates that sellers are setting realistic expectations for their homes, and buyers are willing to meet these expectations, likely due to the high demand and low inventory. Homes that are priced appropriately and show well are seeing strong interest and competitive offers, making it an advantageous time to sell in Edmonton’s real estate market.

Edmonton Real Estate Market -Average Days 

Shorter Time on Market: Speedy Transactions

The average number of days it takes for a property to sell in Edmonton has decreased significantly, down by 23.71% compared to January 2024. In January 2025, properties sold after an average of 74 days, signalling that homes are moving faster. Buyers should act quickly when they find a property that meets their needs.

A Positive Outlook for 2025

Looking ahead, Edmonton’s real estate market is poised for continued growth. The combination of increasing prices, rising sales, and a healthy supply of new listings is creating a dynamic environment for both buyers and sellers. Whether you’re a first-time homebuyer, an investor, or someone looking to sell, it’s a great time to be part of the Edmonton market.

Final Thoughts: Is Now the Right Time to Buy or Sell?

For buyers, the rise in property prices and quick sales indicate that now might be the right time to act before prices increase further. For sellers, the competitive market and increasing demand present a great opportunity to list your home.

Looking to buy or sell in Edmonton? CONTACT CHRIS REID

City of Edmonton Website