Real Estate Market Report | Edmonton | January 2025
Consistent demand continues
The popularity of Edmonton continues as Alberta remains the most active market in the country. With more domestic migration and steady immigration, the provincial capital maintains steady growth.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōde sellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
So what's happening in the Edmonton real estate market as of January 2025?
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Overall Edmonton Market
Edmonton’s real estate market in December 2024 showed resilience and growth despite seasonal slowdowns. Total residential sales reached 1,428 units, marking a 18% increase over the last 5 Decembers, although down 25.4% from November. The average residential price hit $435,549, reflecting virtually no change from November but a significant 11.97% increase year-over-year. This price growth indicates strong demand outpacing supply in Edmonton’s market.
Edmonton's Detached Homes
The detached housing segment remained robust, with 826 sales in December, up 17% from the average of the last 5 Decembers. The average price for detached homes reached $540,320, a 10.4% increase from the previous year. This sector continued to lead the market, with properties averaging 44 days on the market, slightly longer than in November. The strong performance in this segment underscores the ongoing demand for single-family homes in Edmonton.
Edmonton's Apartments
The apartment market showed remarkable growth, with average prices rising to $203,920, a substantial 19.8% increase from December 2023. This significant price jump highlights the growing appeal of more affordable housing options in Edmonton’s competitive market. However, apartments took longer to sell, averaging 57 days on the market, an increase of nine days from November.
Edmonton's Attached Homes
The attached housing market, including semi-detached and row/townhouses, demonstrated solid performance. Semi-detached units sold for an average of $408,823, up 12.3% year-over-year, while row/townhouse prices increased to $292,640, up 12.3% from December 2023. These segments benefited from quicker sales, with semi-detached homes averaging 33 days on the market and row/townhouses 38 days, both shorter than detached homes.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
Want to Buy or Sell Your Home easily?
Welcome to Bōde
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