Edmonton Real Estate Market Update: May 2025

by Tristan Boire

Steady Growth, Shifting Pace, and What It Means for Summer Moves

Just under 3,000 homes sold across Edmonton in May—but the numbers don’t tell the full story. As the market transitions from spring frenzy to early summer strategy, the trends across detached, semi-detached, townhomes, and condos show a shift in both pace and power.

This month’s update dives deep into the real stats, the real shifts, and what they actually mean for your plans—whether you’re buying, selling, or simply trying to understand where things are headed.

Greater Edmonton Market Overview: Cooling, Not Collapsing

In May 2025, the median sale price across all residential property types in Greater Edmonton hit $444,000.

That’s a slight dip from April (–$1,750), but up $23,000 year-over-year —a 5.5% annual increase.

In other words, it’s real, steady growth beyond just seasonal fluctuation.

The average sale price came in at $464,000, down from $470,477 in April, but still over $22,000 higher than May 2024’s $441,500.

Median days on market (DOM) held steady at 19, while the average DOM came in at 29. Compared to last year’s 22 days, homes are now selling roughly 3 days faster.

Inventory tells the rest of the story: May saw 4,915 new listings and 2,967 sales, resulting in a 60.4% absorption rate. That puts us barely in seller’s market territory, but well below the highs of March and April.

Bottom line: We’re moving from fast and emotional to strategic and selective. The market is still competitive—but only when the home earns it.

Detached Homes: Leading, But Losing Heat

Detached homes remain the market anchor, but the momentum is easing. In May:

Median price: $533,000 (vs. $535,000 in April)
Average price: $580,000 (vs. $585,000 in April)
Median DOM: 16 days
Average DOM: 27 days

Detached listings jumped from 2,324 in April to 2,955 in May, while sales rose from 1,576 to 1,730. That dropped the absorption rate to 58.5%, moving it out of a true seller’s market.

Key insight: Detached homes are still commanding attention, but the urgency is fading. Buyers want value, and homes that aren’t well-prepped or well-priced are getting overlooked.

Semi-Detached: Still Strong, Now Shifting

Semi-detached homes are proving their value—especially for buyers priced out of detached. Here’s the May snapshot:

Median price: $435,000 (up from $410,000 last year)
Average price: $440,000
Median DOM: 18 days
Average DOM: 25 days

May brought 435 new listings and 289 sales, dropping absorption to 66.4% from April’s 79.3%.

What it means: This segment is still in high demand, but supply is catching up. Sellers should focus on smart presentation, while buyers are finding more breathing room.

Townhomes: The Breakout Segment

Row and townhomes are having a moment. In May:

Median price: $310,000 (up from $295,000 YoY)
Average price: $307,000
Median DOM: 19 days
Average DOM: 27 days

Inventory rose from 570 listings in April to 642 in May, while sales climbed from 392 to 482. That boosted the absorption rate to 75.1%—the highest across all segments.

Why it matters: Townhomes are now the most competitive segment in Edmonton. Buyers are choosing functionality over fantasy, and this category is delivering.

Apartment Condos: Slower, But Stable

Condos remain the slowest segment, though not without opportunity:

Median price: $198,750 (up modestly from $192,000 YoY)
Average price: $213,792
Median DOM: 28 days
Average DOM: 40 days

May saw 883 new listings and 466 sales, down from April’s 586 sales. That pulled the absorption rate down to 52.8%, pushing condos into a balanced market.

Takeaway: Condos require realistic pricing and thoughtful upgrades. Listings with dated finishes or high fees are sitting, while updated units with good layouts and underground parking are still moving.

Final Thoughts: What To Watch Heading Into Summer

The spring rush is easing off—but demand hasn’t disappeared. Buyers are simply becoming more intentional.
Inventory is building faster than sales in most categories. Detached and semi-detached absorption rates have dipped, giving buyers slightly more leverage.
Townhomes are officially in high-demand territory. Their absorption is rising while others cool off.
Condos are steady, but selective. They're no longer a "cheap buy-in" unless the unit delivers value.

This isn’t a "wait and see" market. It’s a "move with strategy" market. Whether you're buying or selling, the key now is preparation, precision, and realistic expectations.