Edmonton Condo Market Update: March 2025

The Edmonton condo market has seen a variety of trends in recent years, and March 2025 is no exception. With increases in sales and average sale prices, there are several factors that potential buyers and investors should be aware of. Whether you’re looking for your first home, upgrading, or investing in real estate, understanding the dynamics of Edmonton’s condo market can help you make informed decisions.

Interactive bar graphs

Edmonton Condo New Listings

The number of new listings has increased by 8.99% year-over-year, with 655 new listings in March 2025. This indicates that more sellers are entering the market, likely in response to the growing demand and higher prices. The increase in listings provides more options for buyers, but it also contributes to a competitive environment.

Average List Price Condo

 As of March 2025, the average asking price for Edmonton condos is $242,000, up 5.18% from the previous year.

Condo Sales Edmonton

The Edmonton apartment condo market has shown positive growth in 2025. According to the latest data, the number of properties sold has increased by 6.18% compared to March 2024, with 361 condos sold. This suggests a healthy demand for apartment condos in the city. The year-to-date (YTD) figures also reflect a strong market, with 881 condos sold, up 5.64% from the same period last year. The market is clearly experiencing growth, which is important for both buyers and sellers.

Average Sale Price Edmonton Condos

The average sales price has increased by 13.75% from March 2024, reflecting a strong seller’s market. The YTD average sale price of $211,000 is 14.79% higher than last year. This price increase indicates a healthy real estate market in Edmonton, one that continues to attract both local and out-of-town buyers.

Why Prices Are Rising

Several factors contribute to the increase in Edmonton’s condo prices. First, there is a clear demand for affordable housing, especially in urban areas. As the city’s population continues to grow, the demand for condos has risen. This trend is driven by a combination of factors, including:

1. Urbanization and Lifestyle Preferences: Many people are opting for condo living due to its convenience, lower maintenance, and proximity to amenities like public transit, shopping, and dining.
2. Interest Rates and Financing: The low-interest-rate environment has made financing more affordable for buyers, contributing to the higher demand for condos. Even with recent shifts in interest rates, condos remain an attractive option for many buyers.
3. Shift in Buyer Preferences: Younger generations, especially millennials, are choosing condos over traditional single-family homes for their affordability and lifestyle benefits.

These factors combine to create a competitive market where prices are rising, making it an ideal time for sellers but also a challenging environment for buyers looking for bargains.

Average Days on Market

Condos are selling faster in 2025, with the average days on market until sale dropping to 69 days from 79 days in 2024. This 5.95% decrease suggests that buyers are moving quickly to secure properties, possibly due to the rising prices and higher demand.

Why Invest in Edmonton Apartment Condos?

Edmonton has long been known for its strong real estate market, and the apartment condo sector is no exception. There are several reasons why investing in Edmonton condos can be a smart financial move:

1. Strong Rental Demand: With many people moving to Edmonton for work or education, the demand for rental properties remains high. Condos are an ideal rental option, offering a more affordable entry point for renters compared to single-family homes. This makes apartment condos a good option for real estate investors seeking steady cash flow.
2. Growing Population: Edmonton’s population is steadily growing, creating more demand for housing. The city has been expanding due to its strong economy, diverse job market, and the influx of people from other regions. This population growth is expected to continue, further increasing the demand for condos.
3. Affordable Investment Opportunities: Compared to other major Canadian cities, Edmonton offers more affordable real estate. This makes it an attractive option for investors looking for a cost-effective way to enter the market. With a relatively lower entry price, investors can expect good returns as the market continues to grow.
4. Appreciation Potential: As demonstrated by the recent price increases, condos in Edmonton have seen steady appreciation over time. For investors, this means the potential for long-term capital gains as condo values rise.

Types of Condos in Edmonton

Edmonton’s condo market is diverse, offering a range of options for both buyers and investors. Some of the most popular types of condos include:

1. High-Rise Condos: Located in the heart of downtown and other urban areas, these condos offer spectacular views of the city skyline and easy access to amenities. They are typically more expensive than other types of condos, but they offer the benefit of prime locations.
2. Low-Rise Condos: These condos are generally more affordable and can be found in suburban areas. They offer more space than high-rise condos, making them a good option for buyers who want a balance between cost and convenience.
3. Townhouse Condos: These offer a more traditional home-like experience while still providing the benefits of condo living. Townhouse-style condos are often in more family-friendly neighbourhoods and are ideal for buyers who want more space without the maintenance hassles of a single-family home.
4. New Construction Condos: With new developments taking place throughout the city, there are many modern condos to choose from. New construction condos come with the latest amenities and designs, making them an attractive option for buyers looking for move-in-ready homes.

The Buying Process: What to Expect

If you’re considering buying a condo in Edmonton, it’s essential to understand the process. Here’s what you can expect:

1. Pre-Approval and Budgeting: Before you begin looking at condos, it’s crucial to get pre-approved for a mortgage. This will give you a clear idea of how much you can afford and help you narrow down your options.
2. Choosing the Right Condo: With so many options available, it can be overwhelming to choose the right condo. Consider your budget, lifestyle, and long-term plans. Are you looking for a condo to live in or an investment property? What amenities are important to you?
3. Making an Offer: Once you’ve found the right condo, your realtor will help you make an offer. Keep in mind that the Edmonton condo market is competitive, so you may need to act quickly if you find a property you love.
4. Finalizing the Purchase: Once your offer is accepted, you’ll need to complete the necessary paperwork, conduct inspections, and secure financing. The process can take several weeks, but with the help of an experienced realtor, it will go smoothly.
5. Closing: The final step is the closing, where ownership of the condo is transferred to you. After the closing, you’ll officially be the owner of your new condo!

Conclusion

The Edmonton apartment condo market is thriving in 2025, with strong growth in sales and prices. Whether you’re buying a condo for personal use or as an investment, now is an excellent time to get involved in this dynamic market. By understanding the trends and the types of condos available, you can make an informed decision and find the perfect condo for your needs.

If you’re looking to buy or invest in Edmonton condos, feel free to reach out to me, Chris Reid, at Century 21 Leading. I’m here to help you navigate the Edmonton real estate market and find the condo of your dreams!

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

City of Edmonton Website