Edmonton Homes for Sale Under $500,000
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 $500,000 or less, of every type. That includes everything on the under $400,000 page.
The extra $100,000 over the $400,000 line matters most for detached houses. Below $400,000 a detached house usually means an older bungalow; between $400,000 and $500,000 the list adds newer two-storeys and duplexes in the suburbs, and more of the mature neighbourhoods closer in.
Edmonton homes for sale under $500,000, as of October 9, 2026
Most are in Downtown (174), Wîhkwêntôwin (136), Chappelle Area (66), Walker (59), Rutherford (57), South Terwillegar (57).
Detached or a bigger attached home
At this price buyers usually choose between a smaller or older detached house and a larger, newer townhouse or half duplex. The detached house usually comes with a lot and no condo fee, while the attached home is often newer and needs less work. Which is better depends on how long you plan to stay and how much work you want to take on; detached homes and duplexes show each at every price.
Where the line falls by neighbourhood
In the southwest and west the typical detached house is listed well above $500,000, so the homes on this list there tend to be older, smaller or attached. In central Edmonton and the northeast and northwest, $500,000 is at or above the typical detached price. The prices by neighbourhood table shows where each area sits, and Ryan can pull what similar homes actually sold for before you make an offer.
Common questions
How many homes under $500,000 are for sale in Edmonton?
As of October 9, 2026 there are 3,673 homes under $500,000 for sale in Edmonton on the MLS® System. The median list price is $319,000, and most are listed between $159,900 and $470,000.
What types of homes can you buy in Edmonton under $500,000?
Of the 3,673 homes under $500,000 listed today: 1,284 houses and bungalows, 1,281 condo apartments, 749 townhouses and 358 duplexes.
Can you buy a detached house in Edmonton under $500,000?
Yes: 1,284 detached houses and bungalows are listed at that price, with a median list price of $419,900, and the typical one was built in 1980. Most are in Alberta Avenue (26), Stillwater (22), Parkdale (20), Calder (18).
Which neighbourhoods have the most homes under $500,000?
Today the most are in Downtown (174), Wîhkwêntôwin (136), Chappelle Area (66), Walker (59), Rutherford (57).
How big are homes under $500,000 in Edmonton?
The median is 1,102 square feet and 3 bedrooms.