As we roll into spring, the Edmonton real estate market is heating up—and fast. If you’ve been thinking about buying or selling a home in Edmonton, now is the time to pay attention. March 2025 gave us a clear signal: this market is moving.
Let’s break it down.
🔥 Sales Activity Surges as Spring Market Arrives
In March, the Greater Edmonton Area saw 2,494 residential sales—a 36.9% jump from February and a slight 1.3% increase compared to the same time last year. That kind of momentum tells us buyers are back in full swing after a slower winter season.
– **Detached homes led the way with 1,434 sales, up over 41% month-over-month.
– **Townhomes and row houses** saw strong demand as well, with nearly 28% more sales than in February and a 3.9% bump year-over-year.
– **Apartment condos** also made a solid comeback with a 37.8% increase in sales compared to last month and an 8.8% gain year-over-year.
📈 Listings Are Up—but Competition Is Still Fierce
We had 3,780 new residential listings hit the market in March, a 44.5% jump from February. That gives buyers more to choose from—but keep in mind, total inventory is still down 8.1% from where we were in March 2024.
Translation: yes, there are more homes coming up for sale, but competition is still tight. Multiple-offer situations are not uncommon, especially in hot price points under $500,000.
💰 **Prices Continue to Climb Across All Categories**
Here’s where things get real for both buyers and sellers—pricing.
– The **average price across all residential property types** hit $460,685 in March. That’s a 2.5% increase from February and a 9.3% jump from March 2024.
– **Detached homes** climbed to an average of $574,872, up 11.2% year-over-year.
– **Townhomes/row houses** averaged $314,791—up a full 11.3% from last year.
– **Semi-detached properties** saw moderate gains, averaging $430,646 (+5.3% YoY).
– **Condos** are still affordable but rising, too, with average prices now at $218,052—up 12.2% year-over-year.
These numbers tell a pretty straightforward story: we’re seeing appreciation across the board. If you’re a seller, this is a window of opportunity to capture strong value. If you’re a buyer, you may want to get ahead of further increases.
⏱️ Homes Are Selling Faster
Across all property types, the average time on market dropped to 30 days—down from 37 in February and 10 days faster than March of last year.
– Detached homes: 30 days on market
– Townhomes: 25 days
– Semi-detached: only 22 days
– Condos: 42 days (improving, but still the slowest-moving category)
If your home is well-priced and shows well, expect it to move quickly. And if you’re buying, be prepared to act fast.
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🧭 What This Means for You
Whether you’re considering selling your home, purchasing your first property, or expanding your real estate portfolio, the Edmonton market is currently defined by a few key realities:
1. Prices are rising steadily – Waiting may cost you more.
2. Inventory is improving – But not enough to meet full demand.
3. The spring market is in full swing – Timing your move now could make all the difference.
If you want a personalized market strategy, whether you’re buying or selling, reach out anytime. At River Valley Realty, we combine market insights with tactical execution to help you make the best real estate decisions.
📍 Ross Storoshenko
Founder & REALTOR® | River Valley Realty | MaxWell Challenge Realty
📞 780-965-1544 | ✉️ [email protected]
Your trusted real estate guides in Edmonton and beyond.