Visit Rio Terrace Homes for sale in west Edmonton to see the currently listed properties in this popular neighbourhood. The average selling price for a home in Rio Terrace continues to rise, in 2016 Rio Terrace is averaging $535,768, and that is an increase from last year where Rio Terrace had an average sold price of $506,817. The average time it takes to sell a home in Rio Terrace this year has been quick at 33 days. Much faster than the Edmonton average days on market of 52 days in 2016.