Edmonton Real Estate Market – May 2025 Update: A Strong Seller’s Market

Imagine you're shopping for a home in Edmonton this May. You’ve been pre-approved, you're excited, but you're quickly realizing… you’re not the only one!

Homes are selling fast — most within about 30 days, sometimes even faster if the house is well-priced and shows well. Think of a nice detached home in Terwillegar or Windermere — if it's listed on a Thursday, it might have multiple offers by Sunday.

Now, let’s say you're looking at a single-family home. Back in 2024, a decent one might’ve cost you around $530,000. But today? It’s closer to $585,000. That’s a $55,000 jump in one year. So, if you're waiting for prices to drop… they haven't.

Sellers are in a strong position. Many are getting top dollar, especially if the property is move-in ready or renovated. For example, a home with a finished basement, newer roof, and backing onto a park could get 3-5 offers — maybe even more.

One of my clients listed a clean, well-kept home in the southwest. We had 10 showings in 3 days and 2 offers — it sold above asking.

So what kind of market is this?

It’s a seller’s market — which means:

• Sellers have the upper hand

• Buyers must act fast

• Homes are appreciating in value

Even condos and townhouses — usually slower to grow — are catching up. A basic condo that used to sell for $200K might now be going for $218K or more.

Summary:

• There are more buyers than good listings.

• Prices are going up.

• Sellers are happy.

• Buyers need to be quick, pre-approved, and competitive.

Nooran Ostadeian
REALTOR® | RE/MAX Elite – Edmonton
📞 780-953-0723
📧 Nooran@realtyedmonton.ca
🌐 realtyedmonton.ca | nooranrealty.com
📍 Windermere Office: 5083 Windermere Blvd SW #302, Edmonton, AB T6W 0J5
⭐ Google Reviews | RankMyAgent

Steinhauer is a charming, well-established neighborhood in southwest Edmonton, known for its quiet streets, mature trees, and family-friendly atmosphere. Developed primarily in the 1970s, this community offers a blend of convenience, green spaces, and easy access to major amenities, making it an attractive choice for homebuyers.

Location & Accessibility

Steinhauer is situated between 111 Street and Calgary Trail, with 40 Avenue running along its northern boundary. This strategic location offers excellent connectivity to the rest of Edmonton through major roads like Whitemud Drive and Anthony Henday Drive, making commuting a breeze for residents. The nearby Century Park LRT station further enhances accessibility, providing a direct link to downtown Edmonton and beyond.

Shopping & Amenities

One of the biggest draws of Steinhauer is its proximity to Southgate Centre, one of Edmonton’s premier shopping malls, offering a wide variety of retail stores, restaurants, and essential services. Other nearby shopping hubs include South Edmonton Common, which features big-box stores, entertainment options, and dining establishments, as well as local grocery stores and plazas for everyday needs.

For healthcare services, residents have access to several medical clinics in the area, and Grey Nuns Hospital is just a short drive away.

Schools & Education

Steinhauer is an excellent neighborhood for families with school-age children. It is home to Steinhauer School (K-6), a well-regarded elementary school offering a strong academic foundation. Junior high and high school students have easy access to D.S. MacKenzie School and Harry Ainlay High School, one of the top-rated high schools in Edmonton, known for its International Baccalaureate (IB) program.

For post-secondary education, the University of Alberta is just a quick LRT ride away, making the neighborhood a convenient choice for students and faculty alike.

Housing & Real Estate

The real estate landscape in Steinhauer is dominated by single-family homes with spacious lots, many of which have been beautifully maintained or renovated over the years. There are also some townhouses and duplexes, offering more affordable options for first-time homebuyers and investors.

Home prices in Steinhauer generally range from $350,000 to $600,000 for detached homes, while townhouses and duplexes can be found in the $250,000 to $400,000 range. The area remains a sought-after location due to its affordability compared to nearby neighborhoods like Twin Brooks and Blue Quill.

Featured Listing in Steinhauer

Looking for a home in Steinhauer? Check out this stunning property currently available:

🏡 3020 105 Street, Edmonton – A beautifully maintained family home offering spacious living areas, modern upgrades, and a prime location. View Listing

Parks & Recreation

Steinhauer boasts an abundance of green spaces and recreational amenities. Steinhauer Park is a favorite among families, featuring playgrounds, walking trails, and open fields for outdoor activities. Nearby, Derrick Golf and Winter Club offers golf, fitness, and social activities for residents looking for an active lifestyle.

For those who enjoy biking or jogging, the community has easy access to the Blackmud Creek Ravine, a scenic natural area perfect for exploring year-round.

Why Choose Steinhauer?

• Mature neighborhood with tree-lined streets & a strong community feel.

• Great accessibility via major roads & Century Park LRT.

• Proximity to top-rated schools and post-secondary institutions.

• Affordable real estate with well-maintained homes.

• Excellent shopping & amenities just minutes away.

• Parks & recreational opportunities for an active lifestyle.

Steinhauer is a fantastic choice for families, professionals, and retirees looking for a peaceful yet well-connected community. Whether you're buying your first home or seeking a move-up property, this southwest Edmonton neighborhood offers a welcoming environment with plenty of perks.