As we enter the fifth week of 2025, Edmonton's real estate market continues to exhibit robust activity, setting a promising tone for the year ahead for sellers while buyers are facing an increasingly competitive market. The latest data from the REALTORS® Association of Edmonton highlights a dynamic and vigorous market characterized by increased sales, rising property values, quick inventory turnover and increasingly common multiple-offer scenarios.
Sales by Property Type
Single Detached
This category is a bit of an anomaly when compared to the other property types listed in the January 2025 report. Single detached sales came in at 856 properties, which is down year over year by 2.4% despite milder temperatures this year. The average price of a single detached home in the Greater Edmonton Area came in at $561 282, a whopping 16.2% increase from the same period last year.
Semi Detached
This category, which includes duplexes and 4-Plex properties, saw incredible growth. The number of units sold was up an astounding 42% year-over-year on seasonally low volume (when compared to peak summer months). The average price of a semi-detached home increased to $420 844, an 11.2% gain compared to January 2024.
Row/Townhouses
Sales of new Row/Townhouses were also up year-over-year, with the number of properties sold increasing by 21.8%. Prices also saw a lift of 15.8% compared to last year, with the average price now coming in at $311 866. Of note in this category, the vast majority of these homes are also subject to condominium fees - an important consideration for new home buyers to plan for.
Apartment Condominiums
Apartment-style condominiums remain a popular choice due to their affordability and relatively low maintenance. They are the most affordable style of property to own, and sales in this category are up 36% from January of last year. The average price increased slightly year-over-year, coming in at $202 663, an increase of 4.9%.
Looking Ahead
Despite the typical seasonal slowdown, the Edmonton real estate market remains resilient. The combination of higher average prices and increased unit sales compared to last year suggests a positive price outlook for the months ahead. As always, staying informed and working with experienced real estate professionals will be key to navigating this evolving market. We continue to see homes that are priced right command multiple offers, with most of the interest coming within the first weekend that the home is listed. Therefore, buyers entering the market are encouraged to secure a mortgage pre-approval at the beginning of their search, so that they are able to move quickly on properties that meet their unique needs. It’s a highly competitive market, and buyers will need to truly be competitive due to the huge population growth and tight inventory that defines the current Edmonton market.
Frequently Asked Questions (FAQ)
Q: What factors are contributing to the current trends in Edmonton's real estate market?
A: The market is experiencing a combination of low inventory and sustained increases in demand, leading to higher property values and a competitive environment for buyers. Simply put, there are far more buyers seeking to purchase than there are homes available to buy.
Q: How does the current average price of detached homes compare to previous years?
A: As of January 2025, the average price for detached homes is $561 282 which is a 16.2% increase from the previous year.
Q: How long are properties typically staying on the market?
A: On average, properties are on the market for 51 days in the Greater Edmonton Area, which is slightly longer than the previous month but shorter compared to the same time last year (60 days).
Q: What should buyers and sellers expect in coming months?
A: Given the current trends, sellers may continue to benefit from favorable conditions due to low inventory, while buyers should be prepared for a competitive market. It's advisable for both parties to stay informed and consult with real estate professionals to make well-informed decisions.
Buyers are strongly encouraged to secure a pre-approval before beginning their home search, as any time lost during the offer phase will likely mean the home is sold before you can make an offer.
Q: What can a buyer do to ensure that they have the highest chance of securing their dream home?
A: Because there are more buyers actively searching for homes than there are homes available, properties that are priced properly are moving very quickly - in many cases, homes are being sold within 24 to 72 hours of being listed. You can increase your chances of making a successful offer by:
Obtaining a pre-approval for a mortgage by partnering with a licensed Mortgage Professional. If you’re not sure who to work with, ask the author Mike Pabian, who has partnerships with several independent mortgage brokers as well as brokers that work directly with major banks. Mike is not compensated in any way for these referrals.
Meet with a qualified REALTOR® and be prepared to answer questions about what the ideal property looks like, your price range, your move-in timeline, and what items you’re just not willing to compromise on. Call Mike today at 780-232-2064 for a no-obligation conversation.
Note: This article is based on data available as of January 2025 and is intended for informational purposes and uses data obtained from the REALTORS® Association of Edmonton.
For personalized advice, please consult with a qualified real estate professional like Mike Pabian, REALTOR® with Re/Max Excellence. Check out his Google reviews by searching for Pabian Realty.
