The Quick Answer
Between the soft 2023 market and 2025, St. Albert's median condo price recovered 18.6% — from $248,500 to $294,750 — while single-family medians gained 13.2% ($480,000 to $543,500). Condo sales volume grew 13% over the same stretch, and 2025 sellers collected 98.8% of asking on condos and 100% on houses. The cheaper segment didn't just recover. It led the recovery.
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Why compare the segments this way
Every market has a stress year — one where prices flatten, buyers wait, and the numbers go sideways. In St. Albert, that year was 2023. House sales were 848 and days on market stretched, while condo sales held at 363 — an early hint that the segment was more resilient than the chatter suggested.
The honest question isn't "how did each segment do in a good year" — every segment looks fine in a good year. The honest question is: when things got shaky, which segment came back harder? The answer here might surprise you.
The 2023 test: both segments, three snapshots
| Segment | Median 2023 (soft year) | Median 2025 | Recovery |
|---|---|---|---|
| Condo | $248,500 | $294,750 | +18.6% |
| Single-family | $480,000 | $543,500 | +13.2% |
In percentage terms, condos bounced 40% harder than houses. In dollar terms it is a different story — the median house gained about $63,500 while the median condo gained about $46,250 — because houses start from a much higher base. Both facts are true. Percentage gains matter to your return; dollar gains matter to your equity. Know which one you are measuring.
Now look at what happened under the surface during the recovery:
| Segment | Sales 2023 | Sales 2025 | Volume change | Avg. DOM 2025 | Sale-to-list 2025 |
|---|---|---|---|---|---|
| Condo | 363 | 410 | +13% | 41.9 | 98.8% |
| Single-family | 848 | 1,064 | +25% | 42.0 | 100% |
Two things jump out. First, the condo recovery wasn't just prices — more of them sold, and sellers got 98.8% of asking. That is not a distressed segment. That is demand.
Second, single-family did not collapse here — sales volume actually recovered more strongly in percentage terms. The house market is bigger, healthier, and gaining more dollars per sale. This post is not a case against houses. It is a case against writing off condos.
Why condos recovered harder
Three forces are doing the work. First, affordability arithmetic: when the single-family median pushes past $540,000, buyers who want St. Albert run out of runway — and the condo median under $295,000 becomes the reachable alternative. Demand follows the reachable price point.
Second, rate reality: higher carrying costs over the last few years hit the most leveraged buyers hardest, which is exactly the first-time and downsizing crowd that shops condos. As the market found its footing, that pent-up cohort came back all at once — and 363 condo sales in 2023 turned into 410 in 2025.
Third, the supply math: condo volume was small enough that one motivated cohort could move the needle. Small base, big bounce.
If you want the year-by-year condo story, see my breakdown of why "condos are dead money" was wrong, and the full single-family vs condo growth comparison.
What this means if you are buying
If your budget tops out below $350,000 in St. Albert, you are not settling — you are buying into the segment with the strongest post-2023 recovery. Just do your homework on condo fees, reserve funds, and age of building; the segment is strong, but the wrong building is still the wrong building.
If you are shopping single-family, the takeaway is different: 100% sale-to-list in 2025 means well-priced houses are selling at essentially full ask. Lowballing on a deadline is a strategy that stops working when the data says 100%.
What this means if you are selling
Condo sellers: your segment's 18.6% recovery is your headline, not the city's. Price to the condo trend. House sellers: 100% of asking in 2025 is the number that matters most — price it right and the market is meeting you at the door.
Key Takeaways
- St. Albert condo median: $248,500 (2023) to $294,750 (2025) — up 18.6%.
- Single-family median: $480,000 to $543,500 — up 13.2%.
- Condo sales volume grew 13% (363 to 410) over the same stretch; houses grew 25% off a much bigger base.
- 2025 sale-to-list: 98.8% condos, 100% houses — sellers in both segments hold pricing power.
- Both segments recovered; the cheaper segment recovered faster in percentage terms.
John Carle says:
"Every cycle has a stress test, and 2023 was St. Albert's. The chatter was that condos were the weak segment. The numbers since tell a different story: condos up 18.6%, houses up 13.2%, condo sales growing 13%, sellers getting 98.8% of asking. That is not a weak segment — that is a segment that bent and snapped back harder. If you are buying on a budget under $350K, stop apologizing for shopping condos. If you are selling one, your market is stronger than the talk suggests."
Frequently asked questions
Are condos a good investment in St. Albert?
The recovery data says yes at the segment level: +18.6% median appreciation from 2023 to 2025, +13% sales volume growth, and 98.8% sale-to-list in 2025. But buildings vary enormously — condo fees, reserve funds, and special assessments can swamp the appreciation story. Vet the building, not just the segment.
Did single-family homes underperform condos?
In percentage terms since 2023, yes — 13.2% vs 18.6%. But houses gained more dollars per sale (~$63,500 vs ~$46,250) because they start from a higher base, and 100% sale-to-list is the strongest seller pricing power in the city. Both segments are healthy; they are just measuring different things.
What was the 2023 soft year in St. Albert?
2023 was the weakest of the last five years for St. Albert prices. Days on market stretched (36.4 for houses, 45.1 for condos), and house sales were 848. The market rebounded in 2024 and kept climbing through 2025.
Thinking of buying or selling in St. Albert? Let's talk about what these numbers mean for your specific situation.
Just Call John.
780-937-7534 · johncarle.com
Data: Realtors Association of Edmonton, 2023–2025 (SF 848 to 1,064 solds; condos 363 to 410 solds).