Edmonton house prices have shot up over $53K in the last year

Edmonton homebuyers have no shortage of housing options as new inventory hits the market ahead of a busy season, according to the latest report from the Realtor’s Association of Edmonton.

In March, 2,494 residential sales were recorded in the Greater Edmonton Area (GEA), marking a 36.9 per cent increase from February 2025 and a 1.3 per cent rise compared to March 2024.

New listings rose last month to 3,780, a 44.5 per cent increase from February 2025 and a 7.5 per cent gain from this time last year. The overall inventory in the GEA rose 16.6 per cent in the last month. However, levels are 8.1 per cent lower than they were last year.

“The marked increase in sales and new listings means the busy season has arrived, and with prices on the rise, it’s a great time to be on the seller’s side,” said Realtors Association of Edmonton 2025 board chair Darlene Reid.

“For buyers, the higher level of inventory available means a better chance of finding your dream home, but with overall inventory still lower than last year, multiple-offer situations are also becoming increasingly common.”

The average residential price reached $460,685, up 2.5 per cent from February and 9.3 per cent higher than March 2024. Detached homes averaged $574,872, representing a 1.2 per cent increase from February and 11.2 per cent higher annually.

According to the report, apartment condominium sales saw the highest annual increase, jumping 12.2 per cent from last year, while semi-detached sales surged 5.3 per cent year over year.

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The MLS Home Price Index composite benchmark for the GEA reached $438,100, a 2.2 per cent increase from last month and a 12.2 per cent jump from March 2024, marking an annual gain of $53,448.

Homes spent an average of 48 days on the market, up four days from December but 11 days faster than in March 2024.

Detached homes took 30 days to sell, nine days less than the previous month, while semi-detached properties averaged 22 days, down four days from February.

Row/townhouses also sold at 25 days, down three days from February, while apartment condominiums went down to 42 days.