Edmonton, April 2, 2025: There were 2,494 residential unit sales in the Greater Edmonton Area (GEA) real estate market during March 2025, representing a 36.9% increase from February 2025 and a 1.3% increase from March 2024. New residential listings totaled 3,780, representing a 44.5% increase from February 2025 and a 7.5% increase over the previous year. The overall inventory in the GEA increased 16.6% month-over-month, though levels remain lower year-over-year, decreasing 8.1% from March 2024.
The total number of Detached units sold was 1,434, representing a 41.3% increase over the previous month and a 1.8% decrease compared to sales in March of last year. Semi-detached sales increased 24.7% month-over-month and 3.1% year-over-year, with 268 units sold in March 2025. Row/Townhouse unit sales increased 27.9% compared to February 2025 and recorded 3.9% more sales than March 2024. Apartment Condominium unit sales were up 8.8% from the previous year and 37.8% from the previous month.
The total residential average price came in at $460,685, increasing 2.5% from the previous month and reflecting an overall growth of 9.3% compared to March 2024. Detached home prices averaged $574,872, representing a 1.2% increase from February 2025 and 11.2% higher than the previous year. Semi-detached units sold for an average of $430,646, representing a 2.3% increase from the last month and a 5.3% year-over-year increase. Row/townhouse prices increased by 4.6% from February 2025 and by 11.3% compared to March 2024, with an average selling price of $314,791. Apartment Condominium average prices rose 1.4% from the previous month to $218,052 and ended the month 12.2% higher than the same month one year ago.
The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $438,100, representing a 2.2% increase from February 2025 and a 12.2% increase from March 2024.
“The marked increase in sales and new listings means the busy season has arrived, and with prices on the rise, it’s a great time to be on the seller’s side,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “For buyers, the higher level of inventory available means a better chance of finding your dream home, but with overall inventory still lower than last year, multiple-offer situations are also becoming increasingly common.”
Detached homes averaged 30 days on the market, a nine-day decrease from February 2025. Semi-detached homes decreased by four days, with properties averaging 22 days on the market. Row/townhouses decreased three days to 25, while Apartment Condominiums averaged 42 days on market, reflecting a six-day decrease. Overall, all residential listings averaged 30 days on the market, equating to a seven-day month-over-month decrease and a 10-day decrease compared to March 2024.
*Please note – Each year, in line with statistical best practices, the MLS® HPI undergoes a comprehensive review by Canadian Real Estate Association (CREA). The results can lead to changes in the available data and historical composite or aggregate benchmark prices could be revised higher or lower.
