With the sweet sounds of songbirds finally heralding spring, Edmonton’s real estate market is holding strong—and not just by local standards. While cities like Toronto and Vancouver are dealing with sky-high prices and some shaky conditions, Edmonton continues to attract buyers with its stability, affordability, and steady growth. Even compared to Calgary, which often gets more of the spotlight, Edmonton is proving to be a solid choice for homebuyers and investors alike. The market’s been picking up steam thanks to a healthy mix of demand, job growth, and new inventory hitting the market—plus, it's still one of the most affordable major cities in Canada to buy a home.
Speaking of affordability, that’s one of Edmonton’s biggest draws. The average price of a home in Edmonton is currently around $460,000. Compare that to Calgary, where many detached homes are going for $600,000 or more, and it’s easy to see why Edmonton is catching the eye of buyers from across the province—and beyond. Even with some uncertainty around things like tariffs and the broader economy, Edmonton’s got a lot going for it: a strong public sector and economy, emerging industries, and excellent affordability. It's a great time to be house hunting in YEG.
Spring Surge: Sales and Listings on the Rise
The Greater Edmonton Area (GEA) real estate market experienced a notable upswing in March 2025. Residential unit sales reached 2,494, marking a 36.9% increase from February and a 1.3% rise compared to March 2024. New residential listings totaled 3,780, up 44.5% month-over-month and 7.5% year-over-year. This influx of new listings expanded the overall inventory by 16.6% from February, although it remains 8.1% lower than March 2024 levels.
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Price Trends: Steady Growth Across Property Types
The average residential price in March 2025 was $460,685, reflecting a 2.5% increase from the previous month and a 9.3% rise year-over-year. Detached homes averaged $574,872, up 1.2% month-over-month and 11.2% annually. Semi-detached homes sold for an average of $430,646, a 2.3% monthly increase and a 5.3% annual gain. Row/townhouses saw a 4.6% monthly and 11.3% yearly price increase, averaging $314,791. Apartment condominiums averaged $218,052, up 1.4% from February and 12.2% from March 2024.
Market Dynamics: Faster Sales and Competitive Conditions
Homes are selling more quickly, with the average days on market for all residential listings dropping to 30 days in March, down from 37 days in February and 40 days in March 2024. Detached homes averaged 30 days on the market, semi-detached homes 22 days, row/townhouses 25 days, and apartment condominiums 42 days.
Darlene Reid, Chair of the REALTORS® Association of Edmonton, notes, "The marked increase in sales and new listings means the busy season has arrived, and with prices on the rise, it’s a great time to be on the seller’s side. For buyers, the higher level of inventory available means a better chance of finding your dream home, but with overall inventory still lower than last year, multiple-offer situations are also becoming increasingly common."
Outlook for the Remainder of 2025
As we move further into the spring and summer months, the Edmonton real estate market is expected to remain active. The combination of increased listings and sustained buyer demand suggests continued competition, particularly for well-priced properties. Buyers should be prepared for swift market conditions, and sellers can anticipate favorable opportunities.
Ready to list? Enlist the support and guidance of an experienced real estate agent. With 20 years of experience, Wally Fakhreddine has been a trusted advisor and negotiator for hundreds of home sellers in Edmonton.
Call/Text Wally at 780.238.7384