Edmonton Real Estate Market – April 2024

Real Estate Market Report | Edmonton | April 2024

Pricing continues to increase in spite of a slight balancing in the market

The popularity of Edmonton continues as Alberta remains the most active market in the country.  With more domestic migration and steady immigration, the provincial capital maintains steady growth.

We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price. 

With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.  

Bōde sellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!

So what's happening in the Edmonton real estate market as of April 2024?

Let’s start with a Macroeconomics view 

To understand what’s happening in the real estate market you have to look at supply and demand.

The best proxies for supply and demand are:


New supply: New Listings (i.e. the number of homes recently listed for sale)

Total supply: Inventory (i.e. the total number of homes listed for sale)


Sales (i.e. the number of homes recently sold)


Supply & Demand

Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)


These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.

Activity returning to 5-year historical averages

The Edmonton housing market continues its stablized trend with just a small decline in sales activity and inventory. With pricing relatively similar, the market seems to have found a moment of equilibrium. We’ll see how the market responds to a balancing in the next few months at the historical peak of activity.

Edmonton's Detached Homes

With only a 1.5% increase month over month in pricing, detached homes in Edmonton are reaching stability. A small decrease in sales over the last 5 March’s combined with only a 2% increase in new listings reinforces this stabilization.

Edmonton's Apartments

Apartment pricing continues to trend slightly upward at 2.05% month over month and still up almost 2% year over year. With signficantly lower sales activity than the 5 year average, and fewer listings coming to market, other asset classes in Edmonton are looking more attractive to buyers.

Edmonton's Attached Homes

Attached homes in Edmonton by far are where buyers are looking. With listing activity was up year over year and month over month, pricing appears to have continued its increase year over year at just under 8%. If the trend continues on average, we should see attached homes return to pricing levels not seen in years.

It’s critical to understand the dynamics in your local property market

To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.


You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.


If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.

Featured Listings

Bōde sellers sell for more and save a lot

Want to Buy or Sell Your Home easily?

Welcome to Bōde

Bōde has created a marketplace to allow you to get transparent home data,  set your price, and list your home on MLS (and 1000+ more sites). We will advertise your home and walk you through the whole sale process for 1% up to a maximum of $10K, only when the home sells.

Looking to buy? Bōde empowers buyers to purchase any Bōde property – for no charge.

With your free Bōde account, you don’t need an agent – you are completely in charge of your home sale or purchase and get to keep more of the money you invested in your home!

Get started at bode.ca

Why Bōde?

What homeowners are saying about Bōde

Like this article?

Share on Facebook
Share on Twitter
Share on Linkedin
Share on Pinterest

Leave a comment