Edmonton Real Estate Market Update: February 2025

February 2025 showed continued momentum across the Greater Edmonton market. Median residential prices climbed 9.3% year-over-year, homes sold faster than they did a year prior, and sales volume jumped sharply compared to January. Here is a full breakdown by property type.

Why This Report Uses Median Price, Not Average

Before getting into the numbers: median price is a more reliable indicator than average price in real estate. The median represents the exact midpoint of all sales — half of homes sold above it, half below. Average price, on the other hand, gets pulled upward whenever a small number of high-end homes transact in a given month.

In a market like Edmonton where a single $2M+ sale in a smaller sample can swing the average by tens of thousands of dollars, the median gives a cleaner read on where the bulk of buyers and sellers are actually transacting. That is what I use throughout this report.

Edmonton Housing Market Snapshot — February 2025

The total residential market showed broad-based strength in February 2025. The median sale price hit $435,000 — up 9.3% from $398,000 in February 2024, and up 4.1% from $417,700 in January. Sales volume reached $820M for the month, a 17% increase from January alone (REALTORS® Association of Edmonton, February 2025).

What these numbers mean in practice

• Homes were moving faster in February 2025 than at any comparable point in the prior year.
• A 67% sales-to-new-listings ratio signals more demand than supply — conditions that favour sellers.
• For buyers, the faster pace meant less time to deliberate. Pre-approval and knowing your target neighbourhoods ahead of time mattered more than ever.

Detached Homes: The Strongest Price Growth in the Market

Detached homes recorded the highest year-over-year price appreciation of any property type in February 2025. The median sale price reached $530,000 — up 14% from $465,000 in February 2024, and up 2.9% from $515,000 in January 2025.

A 100% sale-to-list ratio means the average detached home sold for exactly its asking price. Combined with a drop in days on market from 40 days in January to 19 days in February, this segment clearly picked up speed as spring approached. Volume being slightly down year-over-year reflects constrained listing supply, not softening demand.

• Buyers competing for detached homes needed to act quickly — 19 days is a tight window from listing to firm offer.
• Many listings were receiving multiple offers by February, particularly in the $500K–$650K range.
• Sellers in this segment were in a strong position, with prices well-supported by demand.

Semi-Detached Homes: Fast Sales and Strong Demand

Semi-detached homes (duplexes) posted the strongest sales volume growth of any segment in February 2025. Volume was up 21% year-over-year and 7% month-over-month, while the median price reached $425,115 — a 9.5% gain from February 2024.

Fifteen days on market is genuinely fast for a semi-detached home. A buyer who found a listing they liked in February 2025 typically had less than three weeks before it was gone. This segment attracted buyers who wanted more space than a condo but found detached homes increasingly out of reach — a pattern that continued throughout 2025.

Townhouses: Affordable Options, Steady Demand

Townhouses held steady as the most accessible entry point for buyers who want a yard and multi-level living without the detached price tag. The February 2025 median of $305,000 represented a 7% gain year-over-year, though it was down 4.7% from $320,000 in January — a normal seasonal fluctuation rather than a trend signal.

Demand held firm enough to push days on market to 17 days, meaningfully faster than both January and the same month a year earlier. For buyers with flexibility on property type, townhouses offered the most value per dollar in February 2025.

Apartment Condos: Sharp Year-Over-Year Gains

Condos posted the largest percentage price jump of any segment in February 2025. The median sale price reached $198,500 — up 18% from $168,000 in February 2024, and up 9.1% from $182,000 in January. Days on market came down to 30 days from 38 a year earlier.

The 18% year-over-year gain likely reflects a recovery from a period of softness, combined with increased demand from first-time buyers who were priced out of detached and semi-detached options. At $198,500 median, condos remained the lowest barrier to entry in the Edmonton market, though buyers should budget carefully for monthly condo fees on top of mortgage costs.

What February 2025 Told Us About Where the Market Was Heading

Looking back, February 2025 was an early signal of what became a busy spring. Every segment was moving faster than the year before. Prices were up broadly. The shift in days on market from January to February — in some segments dropping by more than half — suggested buyers had moved off the sidelines after the slower winter months.

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