February 2025 continues to show strong growth in real estate activity, with rising sales and home prices. Whether you're a first-time homebuyer, seller, or investor, understanding Edmonton's real estate trends can help you make informed decisions.
Edmonton Housing Market Trends: February 2025
Sales by Property Type
Single Detached Homes
In February 2025, single detached home sales experienced a notable increase in the Greater Edmonton Area*. A total of 1,015 units were sold, marking an 18.6% rise from January. This represents a drop of 12.3% compared to February 2024, however, indicating lower inventory (down by 13.4% year-over-year) and an increase in multiple-offer scenarios. The average price for a detached home rose to $567,913, up 1.2% from January and 11.9% from the same period last year. To summarize, inventory is down, prices are up, and sellers are in control.
Semi-Detached Homes
The semi-detached home market in Edmonton also performed well, with 215 units sold, representing a 7.5% increase over January and a 11.8% rise year-over-year. The average selling price for semi-detached homes was $420,786, nearly flat when compared to January but up 9% year-over-year. In other words, Semi-Detached properties remain a more affordable option for folks entering the housing market who want to avoid condo fees.
Row/Townhouses
Row/townhouse prices were a bit lower in February, down 3.5% compared to January. They were, however, up 9.1% compared to the same period last year indicating increased demand. The average price for a Row/townhouse is now sitting at $300,818. Unit sales increased 23.4% compared to January 2025 and recorded 3.9% more sales than February 2024, which shows that activity in this segment of the market is hot, hot, hot!
Apartment Condominiums
The Edmonton condo market saw 0.3% fewer sales compared to January and are down 9.2% year-over-year. The average apartment-style condo price is up 19.9% from last year, coming in at $217,373.
Market Overview
The total number of residential unit sales in the Greater Edmonton Area (GEA) for February 2025 was 1,825, marking a 14.3% increase over January. Compared to the second month of 2024, however, the number of properties sold fell 7.1%.
“There’s been a definite shift in the market over the past month towards an early spring market,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “REALTORS® know that prices will increase as the season gets busier and new inventory tends to decrease. If they are representing buyer-clients, they’re likely warning them to be ready to move fast when the right property comes up.”
How U.S. Tariffs Impact Edmonton Home Prices
Recent U.S. tariffs on Canadian imports, including lumber and steel, could have significant effects on Edmonton housing prices. With a 25% tariff on key building materials, construction costs are expected to increase, affecting home prices and supply. The reality is, we don’t know how long this will last or how severely it will impact us, but there are some things to look out for.
Key Market Shifts to Watch:
Higher Construction Costs – New home prices may rise due to higher material costs.
Reduced Housing Supply – Builders may slow new developments, limiting inventory.
Increased Demand for Resale Homes – More buyers may turn to existing homes, driving competition.
Economic Uncertainty – The Alberta government projects a C$5.2 billion deficit, which could affect employment and consumer confidence.
Interest Rate Decisions – Inflation concerns from rising costs could lead to interest rate adjustments, impacting mortgage affordability.
Instability in the jobs market — Markets hate uncertainty. Folks that are facing instability in their jobs or an uncertain future will be more hesitant to make major purchases.
Edmonton Housing Market FAQ
1. Is Edmonton's real estate market a buyer's or seller's market?
Currently, Edmonton remains a seller’s market, as demand continues to outpace available inventory, driving up home prices.
2. Will Edmonton home prices rise in 2025?
Yes, home prices in Edmonton are expected to continue rising, especially if supply remains low and construction costs increase due to tariffs.
3. How do U.S. tariffs impact homebuyers in Edmonton?
Higher construction costs may make new homes more expensive, potentially leading more buyers to the resale market and increasing competition for existing homes.
4. What is the average home price in Edmonton in 2025?
As of February 2025, the average price for a single detached home in Edmonton is $508,411, with other property types also experiencing price growth.
5. Should I buy a home in Edmonton now or wait?
With rising prices and potential supply constraints, acting sooner may be beneficial. If you're financially ready, purchasing now could help you lock in a home before prices increase further.
Final Thoughts
Edmonton’s real estate market in 2025 remains strong, with rising sales and home prices. Buyers should act strategically in this competitive environment, while sellers can take advantage of high demand. Keep an eye on market trends, particularly the impact of tariffs and economic shifts, to make informed decisions.
For personalized real estate advice in Edmonton contact Mike Pabian at 780-232-2064 today!
Note: All statistics are sourced from the REALTORS® Association of Edmonton's February 2025 report. Greater Edmonton Area includes Beaumont, Bon Accord, Bruderheim, Calmar, Devon, Edmonton, Fort Saskatchewan, Gibbons, Leduc, Morinville, New Sarepta, Redwater, Rural Leduc County, Rural Parkland County, Rural Strathcona County, Rural Sturgeon County, Sherwood Park, Spruce Grove, St. Albert, Stony Plain, Thorsby, Wabamun, Warburg.
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