Oakmont vs the St. Albert Average: Is This Neighbourhood Over- or Under-Priced?
The Quick Answer
Oakmont's detached median runs around $645K, above the St. Albert average — while its blended all-types median looks lower because 44% of sales are condos. Here's what that really means for buyers and sellers.
— John Carle, St. Albert REALTOR®
Key Takeaways at a Glance
- Albert average — around $522K blended across all property types (condos + houses).
- That number is real, but it's misleading if you're buying a house, because about 44% of Oakmont sales are condos, and those pull a blended median down.
- For a house, the honest comparison is the detached median: about $645K over the last 12 months (n=52).
"John Carle says:" — Oakmont vs the St. Albert Average: Is This Neighbourhood Over- or Under-Priced
"Don't let a blended, condo-influenced median make your house look "discount." A detached home in Oakmont sits around a $645K median, and a renovated bungalow or two-storey on a large lot can command well above that."
— John Carle, St. Albert REALTOR® with 25+ years in the market
Look up "Oakmont's median" and you might see a figure that seems to sit right at the St. Albert average — around $522K blended across all property types (condos + houses). That number is real, but it's misleading if you're buying a house, because about 44% of Oakmont sales are condos, and those pull a blended median down.
For a house, the honest comparison is the detached median: about $645K over the last 12 months (n=52). That's above the St. Albert average, not below it. Here's what's really going on.
The Condo-Mix Trap
Oakmont is one of St. Albert's more condo-heavy neighbourhoods, and that changes how you should read its headline numbers.
1. Blended vs. detached The all-types median (about $610K over the last 12 months, or $522K long-term, condos + houses) blends $163K condos with seven-figure estates. The detached-only median — the one that reflects buying a house — is about $645K. Quote the wrong one and you'll misjudge the neighbourhood by more than $100K.
2. Age of housing stock Most Oakmont homes were built between the 1980s and early 2000s. They're solid, well-constructed, and often updated — but not new. Newer neighbourhoods like Jensen Lakes or Erin Ridge North command premiums for fresh construction and builder warranties. Oakmont trades some of that newness for larger lots and mature trees in an established golf-course setting.
3. Style mix With 114 apartment sales and 80 sales under $300K, Oakmont has a meaningful entry-level segment. That diversity is a feature for accessibility, but it's exactly why the blended median understates a house here.
How Fast Homes Sell
Detached Oakmont homes have sold in a median of about 13 days over the last 12 months, at essentially full asking (sold-to-list 100.0%). That's a healthy, liquid market. Where things slow down is the top end — luxury buyers are deliberate everywhere — and the occasional overpriced listing. When a neighbourhood sells everything from $163K condos to $2.45M estates, each segment runs on its own timeline.
What This Means for Buyers
For a house, you're buying above the St. Albert average, not below it — the detached median is about $645K. Don't let a blended headline fool you into thinking Oakmont is a discount market. What you're really getting is genuine choice at every price point.
If you want new construction, pay the premium elsewhere. If you want a mature lot, a solid home, and the chance to buy below $400K or above $800K in the same neighbourhood, Oakmont is the answer.
What This Means for Sellers
Don't let a blended, condo-influenced median make your house look "discount." A detached home in Oakmont sits around a $645K median, and a renovated bungalow or two-storey on a large lot can command well above that. An entry condo at $200K is supposed to be well below it. Both are correctly priced for their segment — you just can't judge one by the other.
The key is segment-specific comparables, not neighbourhood-wide averages. Price against similar homes in similar condition, not against the abstract city median.
The Verdict
Oakmont is neither overpriced nor underpriced — it's just widely misread. A detached house here trades above the St. Albert average (about $645K), even though the condo-heavy blended median looks lower. It's a mature, diverse neighbourhood, and the detached market sells briskly at full asking. What you're buying is lot size, tree canopy, and housing choice that newer neighbourhoods can't match.
Wondering how your Oakmont home really compares? I'll run the segment-specific comparables that actually matter — detached against detached, not against a blended average. Just call John — 780-937-7534.
Based on John's St. Albert MLS records — over 30,800 sales, 2010 through April 2026.
Bottom Line
Oakmont's detached median runs around $645K, above the St. Albert average — while its blended all-types median looks lower because 44% of sales are condos. Here's what that really means for buyers and sellers.
For advice grounded in your specific situation, talk to John directly.
Just Call John.