Hey there, condo shoppers! If you’re thinking about jumping into the Edmonton condo market in 2025, you’re in for a mix of great opportunities and some things to watch out for. Condos are still one of the most budget-friendly ways to own a home in the City of Edmonton or the Greater Edmonton Area (GEA). But with prices shifting, homes lingering a bit longer on the market, and inventory levels to consider, it’s worth getting the full scoop. Whether you’re a first-time buyer or looking to downsize, here’s what you need to know to make a smart move—and why teaming up with a solid Edmonton real estate service can set you up for success.
1. Condo Prices: Still Affordable, with Room to Haggle
Let’s talk money. Condos in Edmonton are holding their ground as an affordable option, but the numbers from July 2025 show some interesting shifts.
City of Edmonton Apartment Condos (July 2025)
Average price: $202,823 (down 4.1% from last month, but up 1.1% from last year).
Median price: $186,000 (down 4.6% month-over-month, down 2.1% year-over-year).
What does this mean? Prices are pretty stable compared to 2024, but many condos are selling for a bit less than their asking price. That’s good news if you love a deal—it suggests you’ve got some wiggle room to negotiate.
Greater Edmonton Area Apartment Condos (July 2025)
Average price: $210,000 (down 2.4% month-over-month, up 2.6% year-over-year).
Median price: $190,000 (down 2.6% month-over-month, down 1.0% year-over-year).
The GEA follows a similar vibe: slight yearly gains but a dip from last month. Compared to detached homes averaging $578,000 in Edmonton, condos are a steal.
Bottom line: Condos are your wallet’s best friend in Edmonton’s housing market, and the slight price softness means you can probably score a great deal with some smart negotiation.
2. Days on Market: Take Your Time
Condos are chilling on the market a bit longer than other homes.
City of Edmonton condos: 46 days on market.
Greater Edmonton Area condos: 46–47 days on market.
Compare that to detached homes, which sell in about 31 days, and you’ll see condos move at a slower pace. This is awesome for buyers because:
You’ve got time to check out multiple places and really weigh your options.
Sellers might be more open to offers if their condo’s been sitting for a while.
Teaming up with a savvy Edmonton real estate agent like Prashant Mahay can help you spot listings that are priced right or have room for a lower offer.
3. Inventory Levels: Plenty of Choices
The condo market is sitting in a sweet spot—not too many listings, not too few.
City of Edmonton condo inventory: 2.7 months.
Greater Edmonton Area condo inventory: 2.5 months.
A market with 2–4 months of inventory is considered balanced, meaning it’s not heavily favoring buyers or sellers. The city has a touch more inventory than the GEA, so you’ll find a bit more variety if you’re looking within Edmonton’s limits.
This balance is great news. You’ve got options without the crazy bidding wars you might see with detached homes or townhouses. With help from professional real estate finders, you can explore different neighborhoods and find a condo that checks all your boxes—price, location, and those must-have amenities.
4. What This All Means for You
Affordability rocks: At just over $200,000 on average, condos are the easiest way to become a homeowner in Edmonton. Even with small price fluctuations, they’re way more affordable than other property types.
No rush, no pressure: With condos taking longer to sell, you can take your time to find the perfect place and negotiate a deal that works for you.
Plenty to choose from: The balanced inventory means you’ve got choices without feeling like you’re fighting a crowd.
5. Why You Need a Pro in Your Corner
Numbers are great, but every condo and neighborhood has its own story. That’s where a trusted Edmonton real estate service like Edmonton Property Finders comes in. Here’s how they can help:
Dig into MaxWell Polaris real estate listings to find the best value.
Break down long-term costs and resale potential.
Spot condos with solid reserve funds, good condo boards, and awesome amenities.
Negotiate like a pro, especially since longer days on market mean sellers might budge on price.
Working with someone like Edmonton real estate agent Prashant Mahay means you’re not just crunching numbers—you’re making a choice backed by real-world know-how.
6. Tips for Nailing Your Condo Search in 2025
Look at the full picture: Condo fees, building upkeep, and reserve funds matter just as much as the price. These affect your monthly budget.
Use time to your advantage: If a condo’s been listed for over 40 days, you might have leverage to negotiate a better price.
Check out the neighborhood: Some areas are poised for growth thanks to new developments or transit projects, which could boost your condo’s value.
Team up with real estate finders: Get access to exclusive MaxWell Polaris real estate listings and insider info on hidden gems.
Think long-term: Condos are affordable now, but consider how the neighborhood might grow and affect resale value in 5–10 years.
7. Quick Q&A for Condo Buyers
Q1: Are condo prices in Edmonton going up or down in 2025?
Prices are up slightly from last year but down a bit month-over-month. It’s a stable market with room to negotiate.
Q2: How long are condos sitting on the market?
About 46–47 days in July 2025—longer than detached homes, giving you more time to shop around.
Q3: Is 2025 a good time to buy a condo in Edmonton?
Absolutely! Affordable prices, balanced inventory, and longer selling times make it a buyer-friendly market.
Q4: How can an Edmonton real estate agent help me?
Someone like Prashant Mahay can guide you through MaxWell Polaris real estate listings, review condo docs, and help you make a smart investment.
Q5: What should I look for when buying a condo?
Check condo fees, reserve fund health, building condition, and neighborhood trends to ensure affordability and future value.
Wrapping It Up
The Edmonton condo market in 2025 is looking good for buyers. Prices are affordable, there’s enough inventory to give you options, and the slower pace means you can make thoughtful decisions. By pairing these market insights with help from an Edmonton real estate service, you’re set to find a condo that fits your life and budget.
Partnering with Edmonton real estate agent Prashant Mahay and exploring MaxWell Polaris real estate listings will help you go beyond just finding a place—you’ll land the perfect home for your future. Happy house hunting!