Prices held flat against last year while listings kept piling up. September pushed Greater Edmonton into balanced-market territory.
In September 2026, the Greater Edmonton median home price was $435,000, exactly where it was a year ago and down 0.9% from August. Sales fell to 1,959 (down 10.3% year-over-year) while inventory climbed to 8,047 listings, 16.4% more than last September. Months of supply rose to 4.1 and the typical home took 44 days to sell, five days longer than a year ago. Buyers have more choice and more time, and row homes near $295,000 and apartment condos near $184,500 remain the most affordable way in.
September 2026 at a glance
September is usually when the market exhales after summer, and this year it exhaled a little further than usual. Fewer homes sold, more new listings came on, and the typical home sat for 44 days. The median price, though, landed at $435,000, the same figure as September 2025. Prices aren’t falling. What’s changed is the balance of power: buyers are no longer the ones under pressure.
Edmonton price trend
The headline numbers
| Metric | September 2026 | vs Aug 2026 | vs Sep 2025 |
|---|---|---|---|
| Median price | $435,000 | ▼ -0.9% | — 0% |
| Sales | 1,959 | ▼ -8.5% | ▼ -10.3% |
| New listings | 3,860 | ▲ +7.3% | ▲ +11.4% |
| Inventory | 8,047 | ▲ +2.2% | ▲ +16.4% |
| Days on market | 44 | ▲ +3 days | ▲ +5 days |
A look by property type
| Property type | Median | vs Aug 2026 | vs Sep 2025 | Sales | Days on mkt |
|---|---|---|---|---|---|
| Detached | $515,000 | ▼ -1.9% | ▲ +1% | 1,221 | 42 |
| Semi-detached | $406,500 | ▼ -2.6% | ▼ -4.1% | 212 | 43 |
| Row / townhouse | $295,000 | ▲ +0.9% | ▼ -3.1% | 246 | 45 |
| Apartment condo | $184,500 | ▼ -2.9% | ▼ -4.2% | 280 | 50 |
Why we use median prices
We use the median price rather than the average because it sits at the middle of the market: half of homes sold for more, half for less. A few high-end sales can pull an average up, while the median gives a cleaner read on what a typical home costs. Both measures still move with the mix of what sold in a given month, so we read sales, listings and days on market alongside price rather than treating any one monthly move as the whole story.
Are Edmonton home prices going down?
Not compared with last year. The median across all residential property types was $435,000 in September, down 0.9% from August and flat year-over-year. The month-to-month dip follows the usual seasonal pattern: Greater Edmonton peaked at a $457,900 median in May and has eased a little each month since.
The real story is supply. Sales dropped to 1,959, down 8.5% from August and 10.3% from a year ago. New listings went the other way, rising to 3,860, up 7.3% on the month and 11.4% on the year. That left 8,047 homes for sale at month-end, 16.4% more than last September, and pushed months of supply up to 4.1 from 3.7 in August and 3.2 a year ago. Homes took 44 days to sell on average, five days longer than last September.
A closer look by property type
Detached homes are still the one segment above last year. The median detached sale was $515,000, down 1.9% from August but up 1% from last September, on 1,221 sales and 42 days on market. Detached inventory is 16.1% higher than a year ago at 4,606 listings, and the segment sits at 3.8 months of supply.
Semi-detached homes softened more than any other type on price. The median was $406,500, down 2.6% on the month and 4.1% on the year, while inventory jumped 33.5% year-over-year to 833 listings. With 212 sales and 43 days on market, a buyer here has real room to negotiate.
Row and townhouses were the only type to tick up on the month, with a $295,000 median, up 0.9% from August but 3.1% below last September. Sales fell 20.1% year-over-year to 246 and inventory is up 29.3%, so 4.5 months of supply. Apartment condos came in at a $184,500 median, down 2.9% from August and 4.2% from a year ago, with 280 sales and 50 days on market. Condos are the most buyer-friendly segment at 5.4 months of supply, though it’s also the one type where new listings fell, down 11.1% on the month. For a first-time buyer that’s the cheapest way into the market and the most leverage you’ll get, as long as you look hard at the building, the condo fees and the reserve fund.
What this means for first-time buyers
At 4.1 months of supply, Greater Edmonton has moved into the balanced range, and row homes and condos are further along than that. In practice you can take a few days to decide, compare more than one home, and keep your financing and inspection conditions in the offer instead of waiving them to win.
The buyers who do best in a market like this have their financing sorted before they tour, so they can act when the right home comes up. Your monthly payment depends on your mortgage rate as much as the price, and a pre-approval tells you your real budget and holds a rate while you shop. In a slower market, that certainty is worth more than speed.
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Source: the REALTORS® Association of Edmonton, September 2026 (Greater Edmonton geography). Prices shown are median values. Month-over-month compares to the prior month; year-over-year to the same month last year. The board may revise past months as late sales are recorded. Prepared by Mortgages for Less.
