Edmonton Real Estate Market Update – March 2025

Spring has officially arrived in the Greater Edmonton Area real estate market, bringing with it a significant increase in activity across all property types. March saw strong gains in both sales volume and prices, indicating growing buyer confidence and sustained demand heading into the warmer months.

Residential Unit Sales

March recorded 2,494 residential unit sales in the GEA — a 36.9% increase from February and a 1.3% rise year-over-year.

• Detached Homes: Sales totaled 1,434 units, up 41.3% month-over-month, but down 1.8% from March 2024.
• Semi-Detached Homes: 268 units sold, an increase of 24.7% from February and 3.1% higher than last year.
• Row/Townhouses: Sales rose 27.9% from February and were 3.9% above March 2024.
• Apartment Condominiums: Posted a strong performance with a 37.8% month-over-month increase and 8.8% more sales year-over-year.

Average Prices

The overall residential average price rose to $460,685, reflecting a 2.5% increase from February and a 9.3% jump year-over-year.

• Detached Homes: Averaged $574,872, up 1.2% month-over-month and 11.2% higher year-over-year.
• Semi-Detached Homes: Sold for an average of $430,646, a 2.3% increase from February and 5.3% more than March 2024.
• Row/Townhouses: Averaged $314,791, up 4.6% month-over-month and 11.3% annually.
• Apartment Condominiums: Averaged $218,052, showing a 1.4% monthly increase and a 12.2% increase year-over-year.

MLS® Home Price Index (HPI)

The composite benchmark price in the GEA climbed to $438,100, marking a 2.2% increase from February and a 12.2% rise from March 2024.

Days on Market

• Detached Homes: Averaged 30 days, down 9 days from February.
• Semi-Detached Homes: Averaged 22 days, down 4 days.
• Row/Townhouses: Averaged 25 days, a 3-day decrease.
• Apartment Condominiums: Averaged 42 days, down 6 days.

The overall average time on market was 30 days, which is 7 days faster than February and 10 days faster than March 2024.

Park Realty’s Insights

March’s numbers clearly reflect the momentum we’ve been feeling on the ground. Inventory is climbing but still tight compared to last year, and demand is heating up. Buyers are acting fast, and sellers are seeing strong returns. This is a great time to make a move if you’re thinking about it.

As always, stay tuned for next month’s update, and feel free to reach out with any questions or real estate goals!