Edmonton Real Estate Market Update – April 2025

The spring market continued to heat up in April across the Greater Edmonton Area. Activity was strong month-over-month, with more listings, more sales, and higher prices in nearly every category. While numbers are down compared to the red-hot April we saw in 2024, the local market is showing solid, steady momentum as we move closer to summer.

Sales Activity

• 2,710 residential units sold in April — up 9.0% from March, but down 13% year-over-year.
• New listings rose to 4,012, which is a 9.8% increase from last month and up 4.8% from April 2024.
• Inventory is also on the rise, climbing 12.1% month-over-month and slightly up 0.3% from last year.

By Property Type:

• Detached homes: 1,576 sold — up 10.2% from March, but down 14.7% year-over-year.
• Semi-detached: 307 units sold — a 15.4% monthly increase, though 11.3% lower than April 2024.
• Row/townhouses: Sales rose 5.1% from March, but were 4.2% below last year.
• Apartment condos: Up 4.3% from March, but still 14.9% behind April 2024.

Home Prices

Prices saw another bump in April:

• Overall average price: $470,447 — up 2.1% from March and 9.0% higher year-over-year.
• Detached homes: $585,707 — a 1.8% monthly gain, and up 10.4% from last year.
• Semi-detached homes: $434,858 — 1.1% higher than March, and up 6.9% annually.
• Row/townhouses: $314,703 — nearly unchanged month-over-month, but 6.7% higher than April 2024.
• Apartments: $218,330 — flat compared to March, but up 8.5% from last year.

MLS® Home Price Index

The MLS® HPI benchmark price held steady at $438,100, the same as March, but still showing a 10.8% increase year-over-year.

Park Realty’s Take

April’s numbers reflect what we’re seeing day-to-day: more listings hitting the market, more buyers ready to move, and pricing continuing to trend upward. While we’re seeing fewer sales than this time last year, buyer activity is strong and inventory is finally starting to loosen up — which is great news for everyone.

If you’re thinking of buying, there are more homes to choose from. And if you’re considering selling, rising prices and quick turnarounds are still very much in play.

As always, reach out if you want to talk about real estate. We’re happy to help with buying, selling, or just planning your next step.