Short answer: Some are, and it depends on the type of home. In September 2026 the average sale price in the Greater Edmonton Area was $466,080, up 2.9% from a year earlier and down 0.8% from August. The benchmark price was $423,100, down 0.3% from a year earlier. Detached homes are holding their value, while townhomes and semi-detached homes sold for 4.5% and 4.8% less than last September. With 8,062 homes for sale and sales down 10.3%, buyers have more room to negotiate than they did a year ago.
By Jay Lewis, REALTOR® | RE/MAX Excellence · Updated October 9, 2026
This article is part of my Edmonton New Construction Buyer's Guide.
Free download: my New-Construction Buyer Checklist. Two printable pages, from your first show home visit to your one-year warranty.
I've worked in new construction for more than 25 years, on the trades side (framing, renovations and full contract builds) and the sales side. I read the monthly market release the way I used to read a set of drawings, starting with the parts that carry the load. For prices, that is supply. The numbers below are from the REALTORS® Association of Edmonton's September report, released October 2, 2026.
What did Edmonton home prices do in September 2026?
Every category was lower than in August, which is normal for fall. The year-over-year column tells you more. Detached homes are still ahead of last September. Semi-detached homes and townhomes are behind.
The average price moves with the mix of homes that happen to sell in a month. The MLS® Home Price Index benchmark tracks a typical home, so I watch it too:
Composite benchmark: $423,100, down 0.9% from August and down 0.3% from a year earlier.
Single-family benchmark: $518,900, down 1.1% from August and unchanged from a year earlier.
Townhouse benchmark: $269,500, down 3.4% from a year earlier.
Apartment benchmark: $197,400, down 1.1% from a year earlier.
The median sale price was $435,000, the same as September 2025. So the typical Edmonton home is worth about what it was a year ago, and the attached homes at the lower end of the price range have slipped.
Illustrative image.
Why are prices softening?
More homes are for sale and fewer are selling.
Sales: 1,959, down 8.8% from August and down 10.3% from September 2025.
New listings: 3,864, up 7.2% from August and up 11.3% from a year earlier.
Inventory: 8,062 homes for sale at month end, up 16.7% from a year earlier.
Days on market: 44 on average, five more than a year ago.
By my math that is about four months of inventory. The sales to new listings ratio was 51%, compared with 63% in September 2025. That is roughly one sale for every two new listings. The Association's table goes back to 2022, and this is the most homes for sale at the end of any September in it.
The Association's 2026 Board Chair, Darlene Reid, said typical seasonal trends suggest sales won't rebound until after year end, and that "the rising inventory in our market could soften that growth even further."
What does this mean if you are buying a new build?
New homes are part of the supply. CMHC counted 18,544 homes under construction in the Edmonton area in August 2026, and its September count comes out October 16. As those homes are finished, they compete with resale listings for the same buyers.
That shows up as leverage. A builder holding a finished home has carrying costs every month, so builders with finished homes are negotiating on upgrades, closing costs or price. A home that hasn't been started yet gives you less room on price and more choice on the plan and finishes. I compare the two in new construction vs. resale in Edmonton, and the supply numbers are in is Edmonton a buyer's market?
I also list homes for some builders. If you're interested in one of them, I'll tell you up front and explain how representation works.
How do the towns around Edmonton compare?
Here are September's sales and average prices from the same report. One month in a smaller town can be a few dozen sales, so the average swings with which homes sold. Treat these as a snapshot.
Within the City of Edmonton, the detached average was $547,426, compared with $540,159 a year earlier.
What about interest rates?
The Bank of Canada's policy rate is 2.25%. It held there on September 2, and the next decision is October 28, 2026. If you have a rate hold, ask your mortgage broker when it expires and what happens if the rate changes before your possession date. If you don't have a broker, the team at Mortgages For Less can go through it with you.
Should you wait for prices to drop more?
Nobody can tell you where prices will be in the spring, and I won't pretend to. What the September numbers do show:
If you are buying: you have more homes to choose from than last fall, and homes are taking longer to sell. That usually means more room for conditions, for time to think, and for negotiating.
If you are selling: you are competing with more listings than a year ago. Price against what is for sale today, because last spring's sales are already out of date.
If you are doing both: the two sides tend to offset each other. What you give up on your sale you can often get back on your purchase.
Home prices change often with market conditions and world events. These figures are averages and benchmarks for one month. They are estimates of the market and say little about what one particular house is worth.
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Frequently asked questions
What is the average home price in Edmonton right now?
In September 2026 the average sale price for all residential homes in the Greater Edmonton Area was $466,080, and the average detached home sold for $569,820. Prices change often with market conditions and world events.
Are Edmonton home prices going down?
Compared with a year earlier, the overall average is up 2.9% and the benchmark is down 0.3%. Semi-detached homes are down 4.8% and townhomes are down 4.5%. Every category was lower than in August, which is typical for fall.
Is Edmonton a buyer's market in fall 2026?
It is leaning that way. There were 8,062 homes for sale at the end of September, up 16.7% from a year earlier, and the sales to new listings ratio was 51%.
How long does it take to sell a home in Edmonton?
The average was 44 days on market in September 2026, five days longer than a year earlier. Detached homes averaged 42 days and apartment condos 50.
Thinking about a move this fall?
Text me first at 780-220-8449, or book a 20-minute call. I'll pull the current numbers for your neighbourhood and price range so you can decide on facts. I work with buyers and sellers in Edmonton, Sherwood Park, Fort Saskatchewan, Devon, Spruce Grove, Stony Plain, St. Albert, Leduc and Beaumont.
Jay Lewis | REALTOR® | RE/MAX Excellence
Sources: REALTORS® Association of Edmonton: Monthly Market Statistics, September 2026 · CMHC housing starts, August 2026 · Bank of Canada: policy interest rate
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This article is general information, not legal, tax or mortgage advice. Market statistics are estimates that change often with market conditions and world events. Average and benchmark prices are not a valuation of your home.
