Are you considering buying a condo in Edmonton or just curious about the latest market trends? Edmonton's condo market in 2025 is experiencing renewed energy, with prices rising and new listings increasing across the city. Whether you're a first-time buyer, investor, or downsizer, understanding Edmonton condo prices in popular neighborhoods will help you make confident decisions. This guide breaks down average Edmonton condo prices, highlights top neighborhoods, and answers your most pressing questions about the Edmonton condo market.
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Edmonton Condo Market Overview 2025
The Edmonton condo market has shown steady growth in 2025. Increased demand, a healthy supply of new listings, and a competitive environment have all contributed to rising prices and sales. As of March 2025, the average asking price for Edmonton condos is $242,000, up over 5% from the previous year. The median condo sale price is around $192,000, reflecting strong interest from buyers seeking affordability and urban convenience.
Edmonton Condo Prices by Neighborhood
Edmonton's diverse neighborhoods offer a range of condo options, from trendy downtown lofts to peaceful river valley retreats. Here's a look at condo prices in some of the city's most popular areas:
Downtown & Oliver
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Average condo price: $250,000-$320,000
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Why buy here? Urban lifestyle, walkability, proximity to business and entertainment districts, and revitalized infrastructure make Downtown and Oliver perennial favorites among young professionals and investors.
Westmount & Prince Rupert
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Average condo price: $230,000-$300,000
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Neighborhood highlights: Westmount's historic charm and Prince Rupert's affordability, combined with easy access to shopping and transit, attract buyers looking for value close to downtown.
Holyrood & Bonnie Doon
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Average condo price: $220,000-$280,000
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Neighborhood highlights: The completion of the Valley Line LRT has boosted demand and prices in these areas, offering a blend of urban convenience and suburban tranquility.
Boyle Street
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Average condo price: $170,000-$220,000
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Neighborhood highlights: Boyle Street's ongoing revitalization and proximity to the Quarters Downtown project make it a hotspot for affordable condo investments.
Fulton Place & Avonmore
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Average condo price: $200,000-$260,000
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Neighborhood highlights: River valley access, upgraded amenities, and improved transit have driven price growth in these family-friendly communities.
Factors Influencing Edmonton Condo Prices
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Location: Proximity to downtown, LRT stations, and amenities drives higher prices.
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New Developments: Revitalized neighborhoods and new condo projects increase demand.
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Market Demand: Rising interest from first-time buyers and investors fuels competition.
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Affordability: Condos remain the most accessible entry point into Edmonton's real estate market.
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Infrastructure Improvements: Projects like the Valley Line LRT expansion have a direct impact on neighborhood desirability and condo values.
Key Takeaways
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The average Edmonton condo price in 2025 is $242,000, with popular neighborhoods ranging from $170,000 to $320,000.
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Downtown, Oliver, and Westmount remain top choices for urban living and investment potential.
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Neighborhoods like Boyle Street and Prince Rupert offer affordable options with strong growth prospects.
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Infrastructure upgrades and new developments are boosting condo values citywide.
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The condo market is competitive, with rising sales and more listings, making it essential to act quickly.
Bullet Points: Quick Facts About Edmonton Condo Prices
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Average condo price (March 2025): $242,000
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Median condo sale price: $192,000
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Downtown & Oliver: $250,000-$320,000
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Boyle Street: $170,000-$220,000
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New listings up nearly 9% year-over-year
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Condo sales up over 6% compared to 2024
Frequently Asked Questions
Are Edmonton condo prices expected to keep rising in 2025?Yes, moderate price growth is forecasted, especially in revitalized and well-connected neighborhoods.
Which Edmonton neighborhoods offer the best value for condo buyers?Boyle Street, Prince Rupert, and Fulton Place provide affordable entry points with strong potential for appreciation.
Is now a good time to buy a condo in Edmonton?With prices still below those in other major Canadian cities and a healthy supply of new listings, 2025 is a favorable year for buyers.
How do infrastructure projects affect Edmonton condo prices?Upgrades like the Valley Line LRT expansion increase accessibility and drive up demand-and prices-in connected neighborhoods.
What's driving the increase in Edmonton condo prices?A combination of affordability, urban renewal, and strong demand from both local and out-of-province buyers is fueling price growth.
Conclusion
Edmonton condo prices in popular neighborhoods are on the rise in 2025, reflecting a dynamic and evolving real estate market. From the vibrant streets of Downtown and Oliver to the up-and-coming areas of Boyle Street and Prince Rupert, there's a condo option for every budget and lifestyle. With new listings, infrastructure improvements, and strong demand shaping the market, now is a great time to explore your options. Stay informed, act decisively, and you'll be well-positioned to find the perfect condo in Edmonton's thriving communities.
For a personalized assessment of your condo's value or to explore the latest listings, consider using a trusted resource for Edmonton condo prices and expert market insights.