Our February 2026 Greater Edmonton PriceWatch infographic (below) shows that the overall median sale price in Greater Edmonton rose a modest 0.8% year-over-year in February, from $425,000 to $428,500, suggesting a market holding firm. But when you split it by home type, the segments are moving in opposite directions — and the gap between them has widened since this time last year.

HouseSigma’s latest data analysis has found that detached homes, which account for more than half of all February transactions, dropped 2.7% year-over-year to a median of $504,950. Condos fell further, down 5.2% to $190,000. Attached homes such as half-duplexes and townhouses were the only home type to gain ground over the year, rising 5.8% to a median of $367,500. The overall market looks stable because the attached segment’s gains are largely offsetting losses in the other two segments.

Deepening discounts in detached sector

The shift in negotiating conditions reinforces this. A year ago in February, the typical Edmonton home sold right at its asking price — the median sale-to-list-price ratio across all property types was essentially zero. This February it sits at -1.0%, with 75.8% of homes closing below asking compared with 56.1% a year ago. The share selling over list has fallen from 33% to 17%.

Also a year ago, condos were the weakest segment in February 2025, with a median discount of 3% from list. Twelve months later that figure is unchanged, but what has changed is that detached and attached sellers have joined them in under-list territory. The buyer advantage that was once concentrated in the condo market has spread.

For buyers, the practical implication is that February 2026 offers more negotiating room across the board than February 2025 did — added to the lower entry prices in detached homes and condos. For condo sellers in particular, sale prices are down, discounts are deeper than any other segment at a median of 3% off, and sales volume has fallen. That combination of lower prices, softer demand, and persistent discounting makes the condo segment the one to watch as spring inventory builds.

Jay Sandhu, a leading HouseSigma agent in Edmonton, said, “What we’re seeing in Edmonton right now is a more segmented market the overall numbers look stable, but conditions vary quite a bit by property type. Buyers have gained more negotiating room across the board, especially in condos and some detached segments, while attached homes are still holding up relatively well. From a buyer’s perspective, there’s more opportunity and less urgency than a year ago. For sellers, especially in the condo space, pricing correctly has become much more important as competition increases.”

Check out the interactive Greater Edmonton PriceWatch infographic, below, which has more price breakdowns by geography and home type.

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Even though prices have been gently rising, the median price of a condo-apartment in the region in December 2025 was just $219,000. So, it stands to reason that $350,000 would be a realistic budget for a starter home, or for someone moving up from a small condo-apartment to something a little bigger.

But what homes can you buy for $350,000 in Edmonton and its surrounding communities? There’s a big variation on age and property type, depending on your location and what you’re willing to trade off.

We took a hard look at current Edmonton listings to find what this budget will typically buy you in each area, and offer a representative sample listing that’s currently for sale (all active listings at publication on January 29, 2026).

Edmonton: Downtown/Oliver

In Edmonton’s urban condo market, for a budget of $350K or thereabouts, you’re looking at a two-bed apartment around 1,000 square feet, typically 15-25 years old, at $350/sqft. You sacrifice about 25% of the space compared with suburban townhouses, but gain walkability and proximity to restaurants, transit, and downtown employment.

Typical listing: Unit 703 – 10028 119 Street NW, Oliver

This is a two-bed, two-bath, 1,060-square-foot condo-apartment with city views in Oliver, close to the River Valley trail system, as well as many cafés, bakeries, restaurants, galleries, and parks. The main bedroom has a generous walk-in closet, and the second bedroom is separated from the living room by glass French doors. There’s an in-suite laundry with storage, and the building offers heated underground parking, storage lockers, guest suite, car wash, and visitor parking.

Edmonton: Suburbs

If you want to be in the city but don’t want a downtown condo, the suburban areas offer the sweet spot for space and value. For around the $350K mark, you’ll get a two- to three-bed condo-townhouse around 1,340 square feet, typically 10-15 years old, at $263/sqft. Communities like Heritage Valley, Rutherford, Walker, and Griesbach currently dominate this segment.

Typical listing: Unit 74 – 14621 121 Street NW, Caernarvon

This three-bed-plus-den condo-townhome was built in 2013, but has a refurbished exterior and a brand-new 2025 interior renovation. There’s a new kitchen with ceiling-height cabinetry, soft-close drawers, quartz countertops and backsplash, and stainless steel appliances, plus new vinyl plank flooring throughout, upgraded lighting, black hardware, and a smart thermostat. The 1,231-square-foot home is also a stone’s throw from Caernarvon Park.

Sherwood Park

As we move out of Edmonton, we find that per-square-foot prices don’t come down too much, given that communities just outside of the city aren’t too far away and are considered as desirable as Edmonton’s suburbs. Sherwood Park is one such area, with a mix of townhouses and duplexes at $350K. This will buy a two-bed townhome unit typically around 1,285 square feet, about 10-20 years old, at $287/sqft.

Typical listing: Unit 68 – 301 Palisades Way, Sherwood Park

This three-bed, three-bath, 2013-built condo-townhome with reasonable condo fees offers quick access to Hwy 16 and Anthony Henday, plus nearby restaurants, shopping, schools, parks, and walking trails. There’s a south-facing back patio off the kitchen-dining area overlooking the courtyard. The interior has upgrades including dark laminate flooring and stainless-steel appliances. There’s a dedicated laundry room, and the main bedroom has a large ensuite and walk-in closet. There’s also a finished basement rec room/office downstairs, next to the garage.

Beaumont

The small-town, bilingual community of Beaumont has very limited current inventory at the $350K mark, but when you can find it, it often offers decent value. If you’re patient, you can find a two- to three-bedroom duplex around 1,250 square feet, usually averaging about 24 years old, at $303/sqft. However, sometimes newer inventory is available, which happens to be the case with our sample listing.

Typical listing: 90 Dansereau Way, Beaumont

This is a brand-new, unlived-in freehold townhome (meaning there are no condo fees) with two bedrooms and 2.5 bathrooms. The house has high-end finishes, nine-foot ceilings, vinyl plank flooring, and large windows on the main level. Upstairs, there are dual primary bedrooms, both with ensuite bathrooms, plus a laundry area. Outside, the home offers a detached double garage, landscaped yard, and a private patio.

Spruce Grove

Heading north-west, Spruce Grove at the $350K price point is one of the best areas for newer builds right now. You can typically get a two-bed townhouse around 1,275 square feet, many just a few years old, at $291/sqft. Or, pick a slightly older townhome with a better price per square foot, like the one listed below.

Typical listing: Unit 2 – 300 Queen Street, Spruce Grove

This two-bedroom, 1,400-square-foot unit was built in 2012 and is located in the heart of Spruce Grove. The main floor offers open-concept living, including a wrap-around kitchen with dining area. Upstairs are dual primary bedrooms, both with walk-in closets and ensuite bathrooms, plus a laundry room and a nook. The hot water tank, refrigerator, dishwasher, washer and dryer have all been recently replaced, plus it has a private back balcony, no rear neighbours, an attached garage, and is near public transportation and walking trails.

St. Albert

St. Albert is a city of older housing stock, but what you gain is mature, established communities. For around $350K, you’ll get a three-bed townhouse of approximately 1,260 sqft, typically 40-50 years old, at $281/sqft.

Typical listing: 324 Grandin Village, St. Albert

This is an older, 1,162-square-foot, three-bedroom condo-townhome, built back in 1975. But we’re loving the brand-new interior renovation, especially that kitchen with quartz countertops, new dual-tone cabinetry with pantry space, and updated appliances. There’s new vinyl plank flooring and carpet throughout, updated light fixtures, and the bathrooms are renovated with a new stand-up shower, new bathtub, modern tilework, and updated plumbing fixtures.

Stony Plain

Out in Stony Plain, this price point is split between duplexes and detached homes in the current inventory. A three-bed home around 1,220 square feet, about 20-30 years old, at $286/sqft, is what you can expect to land.

Typical listing: 41 Graywood Cove, Stony Plain

This detached, three-bedroom house is close to schools, golfing, stores, and medical services. It was built in 2003 but it’s seen some upgrades: all the appliances are two years old or newer; the roof shingles and hot water tank were installed in 2020; there is new lighting and paint throughout the home; and there’s new carpet in the living room, plus new vinyl floors in the hallway and the large primary bedroom. It is on a large pie-shaped lot that is fully enclosed with a new fence that has solar lighting on the posts.

Fort Saskatchewan

Right now, for $350K, Fort Saskatchewan offers the newest inventory in the region. You’ll probably get a three-bed townhouse or duplex around 1,260 square feet, just six years old on average, at $283/sqft.

Typical listing: 90 Elliot Wynd, Fort Saskatchewan

It doesn’t get much newer than this: this townhome isn’t even completed yet, and the picture here is a rendering. The home is located in one of Fort Saskatchewan newest communities of Southpointe, and is due for completion in April this year. It has two/three bedrooms, three bathrooms, and 1,250 square feet. On the entry floor is a flex room (could be an office or bedroom) next to the entrance from the garage, with a three-piece bathroom. The second level offers the modern open-concept living space, leading onto a deck, while the upper level has two bedrooms and two bathrooms.

Leduc

Going further south of Edmonton, Leduc offers $350K-budget buyers the highest proportion of single-family detached homes — you pay more per square foot, but you get your own lot. For this money, expect something like a small, three-bed detached house around 1,135 sqft, about 30-50 years old, at $327/sqft.

Typical listing: 4129 South Park Drive, Leduc

This 1,070-square-foot house has three bedrooms and three bathrooms, as well as a partially finished basement. It is on the older side, having been built back in 1972. However, some of the most recent upgrades include a new hot water tank, new vinyl plank flooring, a new living room window, fresh paint, upgraded electrical, a new ensuite vanity, and new fencing.

Find Edmonton-region homes for sale on our Map Search page, where you can filter for price, property type, and much more. Plus, keep your eye on our Alberta blog page to stay up to date with market trends, sales data, and remarkable listing stories.

The post Entry-level in Edmonton: What homes $350K buys in and around Edmonton appeared first on HouseSigma.

The priciest home for resale in Edmonton right now (as of November 27, 2025) is a riverfront detached house that hit the market in August at just shy of $9 million. Although that’s a lot of money, it’s dramatically lower than the prices of Metro Vancouver’s most expensive properties, and it’s also lower than the top entry on Calgary’s priciest home listings. Which goes to show that Edmonton can provide relatively good value when looking for a high-end home.

Unsurprisingly, properties facing the river dominate this list, with four of the five homes enjoying stunning water views.

Check these luxurious listings out below, then head to our home page to see more listings in your area, where you can filter by price and many other attributes.

1. Resort-like riverfront residence: $8.999M

13758 Valleyview Drive NW: This modern residence, perched over the river with a great view of downtown Edmonton, tops our list at $8,999,999. Who wouldn’t love to swim in its resort-style pool with that sweeping vista? Inside, the finishes are immaculate and the features include a super-fancy chef’s kitchen and a spa-like primary bathroom.

Details: 5 bed, 6 bath • 3,509 sq ft • Built 2012 • Listed August 1, 2025

2. Business and home in one: $8.4M

16815 41 Avenue SW: There’s more to this quaint home than meets the eye. The property boasts 38 acres of land, on which there is already a viable, 600-stall RV storage business in operation! Why not make your home your business? The house itself is packed with country-living charm, and there’s a pool as well as extensive gardens.

Details: 3 bed, 3 bath • 2,881 sq ft • Built 1982 • Listed August 18, 2025

3. Panoramic peninsula property: $6.3M

1730 Ellerslie Road SW: This property is less about the house – although that’s a stunning four-bedroom home with vaulted ceilings and amazing views – and more about its 27 acres of waterfront land that’s slated for additional residential development. According to the listing, the “Purchaser/Developer will be responsible for providing subdivision approval and providing services/infrastructure to [the] existing home on approx 3 Acre parcel.” Due to its unique nature, this property has been on sale for almost a year.

Details: 4 bed, 4 bath • 2,180 sq ft • Built 1999 • Listed December 8, 2024

4. Architectural ravine house: $5.995M

112 Westbrook Drive NW: This is a gorgeously designed bungalow backing on to a ravine and enjoying river valley views. While only two of the rooms are (currently) bedrooms, it is a spacious home with impeccable finishes – just check out those ceilings and that sumptuous kitchen. While the MLS listing shows it as 2,944 square feet, that’s just the ground level. There’s also a huge finished basement (along with an unfinished area), which the listing description says brings the home to 5,897 square feet of finished living space.

Details: 2 bed, 3 bath • 2,944 sq ft (plus below-grade floor) • Built 2013 • Listed November 7, 2025

5. Riverfront renovation: $5.25M

28 Riverside Crescent NW: The fourth of our top five to enjoy sweeping water views, this is another home that is also perched high enough for vistas of downtown Edmonton. There’s plenty to love inside this house, as well – including a stunning curved white staircase, and an epic master bathroom plus dressing room. Built in 2001, it received a million-dollar renovation in 2011, which we assume goes some way towards the asking price of $5,250,000.

Details: 6 bed, 7 bath • 5,873 sq ft • Built 2001 • Listed September 12, 2025

Keep your eye on our Alberta blog page to stay up to date with market trends and remarkable listing stories.

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