Edmonton Real Estate Market Update – January 2025

Alright, let’s talk about what’s really happening in Edmonton’s real estate market as we kick off 2025. Whether you’re thinking of buying, selling, or investing, understanding these trends will help you make the best move.

Key Market Highlights

• Inventory Levels & New Listings: We saw 2,448 new residential listings hit the market in January—slightly up from previous years. While inventory is holding steady, fewer active listings could mean a more competitive market in the coming months.

• Sales Activity & Prices: A total of 1,597 homes sold in January, climbing from last year’s 1,436. With demand increasing, median prices are rising, showing strong market confidence.

• Median Sale Prices:

  • Detached Homes: $515,000 (+14% YoY)

  • Semi-Detached: $420,000 (+6% YoY)

  • Row/Townhouses: $320,000 (+20% YoY)

  • Condos: $182,000 (+9% YoY)

• Days on Market: Homes are moving faster, with the median property selling in just 34 days compared to 45 days last year.

• Sales-to-New Listings Ratio: Sitting at 65%, the market remains balanced, giving buyers and sellers equal footing.

Detached Homes: Hot Market, Higher Prices

Detached homes are still the most in-demand type of property in Edmonton. January 2025 saw 856 sales—just shy of last year’s 877 but still a major jump from 2023’s 582. The median sale price hit $515,000, up from $450,000 last year. Buyers are feeling the competition, and sellers are in a great position to cash in on rising prices.

Semi-Detached & Townhomes: The Sweet Spot

Semi-detached homes and townhouses are thriving. Sales for semi-detached homes jumped to 200 units in January (from 141 last year), with a median sale price of $420,000. Row/Townhouses also saw a boost, with 235 sales at a median price of $320,000. If you're looking for affordability without compromising space, these segments are where you want to focus.

Condos: Making a Comeback

The condo market is seeing a healthy resurgence, with 306 sales in January—up from 225 last year. The median price rose to $182,000, showing renewed interest in urban living. With a 62% sales-to-new-listings ratio, condos remain an excellent entry point for first-time buyers and investors alike.

What This Means for You

• For Buyers: Home prices are climbing, and demand is strong. If you're on the fence, now might be the time to act before prices rise further.

• For Sellers: The market is leaning in your favor—especially for detached homes and townhouses. If you're considering selling, listing sooner rather than later could mean better offers and faster sales.

• For Investors: Condos and rental properties are gaining traction. With steady appreciation and strong rental demand, it’s a great time to expand your portfolio.

Looking Ahead

The Edmonton real estate market is kicking off 2025 with momentum, and we expect continued growth throughout the year. Whether you’re buying, selling, or investing, having the right strategy matters.

Let’s chat about your next move! Reach out today for expert advice, tailored strategies, and a seamless real estate experience. I’m here to help you navigate the market with confidence.