Sellers’ market: Average Edmonton home prices jumped in 2024 in each residential category [Video]

Fewer homes for sale in Edmonton resulted in higher year-over-year prices for them as 2024 ended, according to the Realtors Association of Edmonton.

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The average price for a detached home sold in the Edmonton area in December was $540,232, an increase of 10.6 per cent from the previous December, the association said in a media release.

But while detached homes led the way in price, every other category saw even larger increases year over year.

Apartment condos saw a 19.8 per cent jump in average price to $203,920, with the semi-detached (average price $408,823) and row/townhouses ($292,640) categories each increasing by 12.3 per cent.

Darlene Reid, the 2025 chair of the Realtors Association of Edmonton, told CTV News Edmonton on Sunday “every category is a challenge right now” for buyers given the demand.

She said inventory levels have been affected …