Unpacking Rutherford's Dynamic Real Estate Trends for April 2024

The Rutherford real estate market in Edmonton presents an incredibly active and evolving landscape as of April 2024. With 100% listing absorption rates in both Total Residential and Apartment Condominium categories, Rutherford is demonstrating strong market demand, making it a prime time for sellers to list their properties. Meanwhile, the Detached homes category also shows vigorous activity but with a slightly more balanced market.

Total Residential Insights


In April 2024, the benchmark price for Total Residential properties in Rutherford stands at $359,642, marking a significant month-to-month increase of 7.75% and a year-to-year rise of 9.83%. This substantial growth in value reflects the high demand in the area, characterized by a complete absorption of listed properties. With 33 properties sold and only 16 active listings, the competition among buyers is fierce, leading to an average of just 20 days on the market before sale.

Detached Homes Dynamics


Detached homes in Rutherford show a unique trend compared to the total residential market. The benchmark price is $475,625, which interestingly has decreased by 2.11% from the previous month, indicating a potential cooling in this specific sector. Despite this slight monthly price dip, the year-to-year figures are stable with a minor 0.06% decrease. The absorption rate stands at 100%, with homes spending an average of only 12 days on the market, highlighting rapid sales despite the price adjustments.

Apartment Condominium Market


The Apartment Condominium sector is booming with a benchmark price of $293,366, up a notable 12.35% from March 2024 and 28.39% year over year. This category's 100% absorption rate and the increasing price trend indicate a highly desirable market segment, particularly appealing to investors and first-time homebuyers. With properties selling in about 24 days, the pace, though slightly slower than detached homes, underscores a healthy turnover rate.


Whether you are looking to sell your property in a market that's ripe for high returns, or you aim to buy in a competitive and rapidly appreciating neighbourhood, the Gurpreet Ghatehora Royal LePage Magna is ready to guide you. With extensive experience and a proven track record recognized by Rankmyagent as a Top 100 Agent in Canada from 2021-2023, our expertise in the Edmonton area since 2007 ensures you receive unparalleled service. Contact us today at 780-951-6530 or visit Edmontonhomesonsale.com to begin your real estate journey in Rutherford. Your dream home or investment opportunity is just a call away.

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