Edmonton Homes for Sale Under $400,000
Inventory turns over quickly. Search everything on the market or ask Ryan to watch for the next one.
What this search shows
Every active MLS® listing in Edmonton at a list price of $400,000 or less, of every type. For a little more room in the budget, see homes under $500,000.
Under $400,000 is where most first homes in Edmonton are bought. At this price the choice is usually between a condo or townhouse in a newer area and an older detached house or half duplex in a mature one, and the neighbourhood often decides it more than the home does.
Edmonton homes for sale under $400,000, as of October 9, 2026
Most are in Downtown (158), Wîhkwêntôwin (129), South Terwillegar (53), Ambleside (49), Walker (49), Rutherford (45).
What $400,000 buys in Edmonton
Condo apartments make up a large share of this list, and most of the rest are townhouses and half duplexes. The detached houses at this price are mostly bungalows and bi-levels from the 1950s to the 1980s, most of them in central Edmonton and the older neighbourhoods of the southeast, northwest and northeast. A detached house built in the last ten years is rare at this price. The prices by neighbourhood table shows where the median sits below this line.
Fees and age change the real price
Two homes listed at the same price can cost very different amounts to own. A condo or townhouse carries a monthly fee, and a building that has not saved enough in its reserve fund can add a special assessment on top; how to compare condo fees walks through it. An older house has no fee but may need a roof, a furnace or a sewer line. Ask Ryan to compare the real cost of the two or three homes on your list, and see the first-time buyer closing costs for what is due on possession day.
Common questions
How many homes under $400,000 are for sale in Edmonton?
As of October 9, 2026 there are 2,651 homes under $400,000 for sale in Edmonton on the MLS® System. The median list price is $249,900, and most are listed between $149,000 and $379,900.
What types of homes can you buy in Edmonton under $400,000?
Of the 2,651 homes under $400,000 listed today: 1,245 condo apartments, 690 townhouses, 565 houses and bungalows and 150 duplexes.
Can you buy a detached house in Edmonton under $400,000?
Yes: 565 detached houses and bungalows are listed at that price, with a median list price of $339,900, and the typical one was built in 1968. Most are in Alberta Avenue (23), Parkdale (18), McCauley (17), Calder (16).
Which neighbourhoods have the most homes under $400,000?
Today the most are in Downtown (158), Wîhkwêntôwin (129), South Terwillegar (53), Ambleside (49), Walker (49).
How big are homes under $400,000 in Edmonton?
The median is 1,009 square feet and 2 bedrooms.