Edmonton Real Estate: September 2025 Market Update

As autumn leaves began to fall, the Greater Edmonton Area (GEA) real estate market experienced a typical seasonal cool-down in September 2025. However, a closer look at the numbers reveals a market with distinct pockets of activity, particularly within the semi-detached and row/townhome segments. While overall sales volumes decreased and inventory levels rose, certain property types defied the cooling trend with notable price increases.

This monthly review provides a detailed analysis of the Edmonton real estate statistics for September 2025. We will explore the trends in new listings, sales, and average prices across various property types. Whether you are a buyer, seller, or simply an observer of the market, this report offers the key insights you need to understand the current landscape and what might lie ahead for Edmonton's housing market.

New Listings and Sales: A Widening Gap

In September 2025, the GEA real estate market saw the introduction of 3,645 new listings. This figure represents a slight 0.1% increase from August 2025, but a more significant 16.3% jump compared to September 2024. This influx of properties contributed to a substantial 25.6% year-over-year increase in available inventory, giving potential buyers more options to consider.

Conversely, sales activity slowed down. A total of 2,192 units were sold in September, marking a 7.8% decrease from the previous month and a 2.9% dip from the same time last year. The combination of more listings and fewer sales suggests a shift towards a more balanced market, potentially offering buyers more negotiating power.

As Darlene Reid, the 2025 Board Chair for the REALTORS® Association of Edmonton, noted, "Real estate activity is getting quieter as expected in the fall... Looking ahead, there is some potential for another spike of activity if the Bank of Canada lowers interest rates again."

Average Selling Prices: A Mixed Picture

The average selling price for all residential property types in the GEA settled at $452,849 in September. This was a 1.8% decrease from August 2025. Despite the monthly dip, the average price remains 2.8% higher than it was in September 2024, indicating sustained value in the market over the past year.

MLS® HPI Composite Benchmark Price

The MLS® Home Price Index (HPI) provides a more stable measure of price trends by tracking the value of a "typical" home in the market. In September, the composite benchmark price for the GEA was $423,500. This represents a 1.0% decrease from August 2025 but a healthy 4.2% increase compared to September 2024. The year-over-year growth in the HPI suggests that while monthly fluctuations occur, the foundational value of homes in the area has strengthened.

Detached Homes: Prices Soften Amid Slower Sales

The detached homes segment, which often leads market trends, saw a noticeable cooling in September. The average price for a detached home decreased by 2.8% from August 2025 to $554,084. On a year-over-year basis, the price was still slightly higher, showing a modest 0.2% increase from September 2024.

Sales for detached homes fell by 7.7% month-over-month, although they were up 0.7% compared to last year. New listings also decreased by 2.3% from August but were up by a significant 18.6% year-over-year. This surge in listings compared to the previous year has given buyers more choices and contributed to the softening of prices.

Semi-Detached Properties: A Hotspot in a Cooling Market

In contrast to the overall trend, the semi-detached market showed surprising strength. The average price for these properties rose to $433,760, a 3.1% increase from August and a robust 5.3% jump from September 2024. This segment was a clear outlier, demonstrating resilient demand.

Despite the price appreciation, sales volume for semi-detached homes decreased. Sales were down 5.9% from the previous month and 2.4% year-over-year. New listings also saw a monthly drop of 15.5%, but were 5.4% higher than in September of the previous year. The price growth, even with lower sales, suggests that well-priced semi-detached homes are attracting competitive interest.

Row/Townhomes: Prices Continue to Climb

The row/townhome category also bucked the downward price trend for the second consecutive month. The average price in September reached $303,382, marking a 0.5% increase from August and a 3.4% rise from September 2024.

This segment saw a significant increase in new listings, which were 4.1% higher than in August and a remarkable 30.4% higher than the previous year. Despite the influx of new properties, sales activity declined. The number of units sold fell by 5.2% month-over-month and 10.5% compared to September 2024. The price resilience in the face of growing inventory and slower sales points to strong underlying demand for this affordable housing type.

Apartment Condominiums: Prices and Sales Decline

The apartment condominium market faced a challenging month. Sales decreased by 11.9% from August and 8.7% compared to the previous year. The average price also saw a significant monthly drop, falling 4.9% to $207,363.

However, it's not all negative news for this segment. Despite the monthly decrease, the average condo price was still 3.8% higher than in September 2024, showing positive growth over the year. New listings slowed by 8.0% from August but remained 5.4% higher than in the previous year, contributing to the available inventory.

Looking Ahead at the Edmonton Market

The September 2025 real estate statistics paint a picture of a market in transition. While the typical fall slowdown is evident in reduced sales and moderating prices for detached homes and condos, the semi-detached and townhome segments are showing remarkable resilience. The overall increase in inventory provides buyers with more options and leverage than they've had in recent months.

The market's direction in the coming months will likely be influenced by several factors, including inventory levels and potential changes to interest rates by the Bank of Canada. A rate cut could re-energize buyer activity, while stable rates might see the market continue its gradual shift toward a more balanced state. For now, buyers and sellers in Edmonton must navigate a nuanced market where trends vary significantly by property type.