Edmonton Real Estate Market Overview – February 2025

The Edmonton real estate market showed notable movement in February 2025, with increased activity across various property types. A total of 1,825 residential units were sold in the Greater Edmonton Area (GEA), reflecting a 14.3% increase from January 2025 but a 7.1% decline from February 2024. New residential listings rose to 2,723, a 13.2% increase from the previous month but slightly down by 0.4% compared to the same period last year. While overall inventory levels increased by 11.4% month-over-month, they remained lower than last year, showing a 13.4% decrease year-over-year.

Sales Trends by Property Type

Detached homes led the market with 1,015 units sold, an 18.6% jump from the previous month, though still 12.3% lower than last year. Semi-detached homes saw 215 units sold, reflecting a 7.5% month-over-month increase and an 11.4% year-over-year gain. Row and townhouse sales increased significantly, jumping 23.4% compared to January 2025 and marking a 3.9% increase from February 2024. Meanwhile, apartment condominium sales showed a slight decline, down 9.2% from the previous year and 0.3% from the prior month.

Edmonton Home Prices – February 2025

The average residential price in Edmonton climbed to $449,554, marking a 2.6% increase from January and a strong 10.5% rise from February 2024. Detached homes continued to dominate in value, with an average price of $567,913, up 1.2% month-over-month and an impressive 11.9% higher than last year. Semi-detached homes sold for an average of $420,786, experiencing a slight dip of 0.1% from January but an 8.9% increase year-over-year. Townhouses and row homes averaged $300,818, showing a 3.5% decline from January but a 9.1% gain from February 2024. Apartment condominiums stood out with an average price of $217,373, reflecting a 7.3% month-over-month increase and an astounding 19.9% jump from last year.

MLS® Home Price Index and Market Conditions

The MLS® Home Price Index (HPI) composite benchmark price in the GEA reached $428,800 in February 2025, representing a 2.3% increase from January and a 12.3% rise from February 2024. This sustained price growth indicates that the market remains strong, with demand keeping pace with new listings, even as inventory levels attempt to recover from the shortages experienced last year.

Days on Market – Homes Selling Faster

Homes in Edmonton spent significantly less time on the market in February 2025 compared to previous months. Detached homes averaged 39 days on the market, a sharp 12-day decrease from January. Semi-detached homes sold even faster, averaging 26 days on the market—11 days quicker than the prior month. Row and townhouses averaged 28 days, cutting down nine days from January’s timeframe. Apartment condominiums saw a similar trend, averaging 48 days on the market, which is also a nine-day reduction month-over-month. Across all property types, the overall average for residential listings was 37 days on the market, representing an 11-day drop from January and a 13-day improvement compared to February 2024.

What This Means for Buyers

For homebuyers in Edmonton, the February market presents both opportunities and challenges. The increase in new listings provides a wider selection of homes to choose from, giving buyers a better chance to find properties that meet their needs. However, the rising prices—especially for detached homes and condominiums—indicate that demand remains strong. Buyers should be prepared to act quickly, as homes are selling faster than they did in previous months. Working with an experienced Realtor® can help buyers navigate the competitive landscape, secure favorable deals, and gain insights into potential investment opportunities.

What This Means for Sellers

Sellers are currently in an advantageous position as market conditions remain favorable. Home prices are continuing to rise across multiple property types, meaning sellers can expect strong offers, particularly in high-demand neighborhoods. Additionally, with homes selling faster, sellers can anticipate shorter listing times and increased buyer interest. If you are considering selling your property, now is an excellent time to list while inventory levels remain below last year’s numbers, keeping demand steady. Properly pricing and staging your home will further enhance your chances of attracting the right buyers and maximizing your return on investment.

Need a Free Market Evaluation?

If you are thinking about buying or selling in Edmonton, expert guidance is key to making the most of current market conditions. Whether you need a free market evaluation, a detailed neighborhood report, or simply want to explore your options, I’m here to help. Call Gurpreet Ghatehora, Realtor® at Royal LePage Magna, with the Mani Bagga Team, at 780-951-6530 for personalized advice and assistance. Like and subscribe for more updates on Edmonton’s real estate market!

#realestate #edmonton #homes #edmontonrealestate #Gurpreetghatehora #mls #edmontonmls #housesforsale #foreclosure