Edmonton Real Estate Market Update – January 2025

January saw a strong start to the year in the Greater Edmonton Area (GEA) real estate market, with an increase in sales activity and new listings compared to December. While winter typically means a slower pace, the numbers show buyers and sellers are still making moves.

Residential Sales & Listings

• Total Residential Sales: 1,597 units, up 12.1% from December and 11.2% from January 2024.

• New Listings: 2,452 properties hit the market, an 83.5% jump from December and a 12.9% increase year-over-year.

• Overall Inventory: While up 6.9% from December, inventory remains 18.2% lower than January 2024, keeping competition steady for buyers.

Sales Breakdown by Property Type

• Detached Homes: 856 sales, up 3.9% from December but down 2.4% year-over-year.

• Semi-Detached Homes: 200 sales, a 22.0% increase month-over-month and a 41.8% jump from last year.

• Row/Townhouses: Sales rose 8.8% from December and 21.8% compared to January 2024.

• Apartment Condominiums: The biggest increase, up 39.1% from December and 36.0% year-over-year.

Average Prices Continue to Climb

• Overall Residential Price: $438,278, up 0.8% month-over-month and 9.9% year-over-year.

• Detached Homes: $561,282, a 4.2% increase from December and up 16.2% annually.

• Semi-Detached Homes: $420,844, rising 3.0% from last month and 11.2% year-over-year.

• Row/Townhouses: $311,866, increasing 6.6% from December and 15.8% annually.

• Apartment Condominiums: $202,663, slightly down 0.8% from December but still 4.9% higher than last year.

MLS® Home Price Index (HPI)

The composite benchmark price in the GEA was $419,200, up 3.8% from December and 12.0% from January 2024, reflecting the continued upward trend in home values.

Days on Market

• Detached Homes: 51 days, up 7 days from December.

• Semi-Detached Homes: 37 days, up 4 days.

• Row/Townhouses: 37 days, down 1 day.

• Apartment Condominiums: 57 days, unchanged from last month.

• Overall: 48 days on market, up 4 days from December but 11 days faster than January 2024.

Park Realty’s Insight

“The new year kicked off with strong momentum, and while winter usually means a quieter market, January surprised us with a surge in new listings,” says Matt Unrau, Co-Owner and Realtor at Park Realty. “Buyers are out there, and with inventory still lower than last year, well-priced homes are moving. If you’re thinking of selling, now is a great time to get ahead of the spring rush!”

As always, we’re here to help! Whether you're thinking about buying or selling, reach out anytime—we’d love to chat about your real estate goals for 2025!