Chelsea Heights, Sherwood Park - August 2026 Real Estate Report

Chelsea Heights, Sherwood Park: Your Neighbour Just Got a Raise. Did You?

What Is Actually Happening Right Now

If you have been watching the "For Sale" signs on your street, here is the straight story. The average HonestDoor Price in Chelsea Heights sits at $600,965 - up 1.71% from the previous period. Homes are moving fast. We are talking an average of 8 days on market, which puts us ahead of nearby Davidson Creek at 9 days. That is not a slow market. That is a neighbourhood where buyers show up ready.

• Average HonestDoor Price: $600,965 (up 1.71%)
• Average Sale Price: $577,000
• Current Listings Averaging: $585,000
• Price Per Square Foot: $428
• Average Days on Market: 8 days
• Properties Sold This Period: 2
• Sale-to-List Ratio: 99.15% - buyers are paying just under asking

The Vibe - What the Numbers Feel Like on the Ground

We are in a stable buyers market right now - but do not let that phrase spook you if you are a seller. A 99.15% sale-to-list ratio means buyers are not lowballing us. They are coming in close to asking and deals are getting done. The predicted market value for houses here is $590,847, which is ticking up from the 3-month moving average of $588,629. The trend line is pointing in the right direction.

For anyone thinking about renting instead of selling, the numbers are worth a look. Estimated rent is running at $2,905 per month with a rental yield of 5.46%. That is a strong return by any measure. The neighbourhood also holds an Airbnb rank of 37 in Sherwood Park, with short-term income potential around $144 monthly - not a goldmine, but a real number worth knowing.

On the neighbourhood leaderboard, Chelsea Heights ranks 26 out of 54 for growth - putting us in the above-average half of Sherwood Park. Our days-on-market rank is 4 out of 26, which means we are one of the fastest-selling pockets in the area. Price rank comes in at 12 out of 32 - above average. We are not the cheapest option, and we are not pretending to be.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about your city assessment - it is a snapshot from months ago, built on broad formulas that do not know your street, your renovations, or what sold two doors down last week. The HonestDoor Price is a real-time check on what your home is actually worth today, not what a government spreadsheet guessed last year.

Right now, the HonestDoor Price for Chelsea Heights is $600,965. Compare that to the average sale price of $577,000 and the predicted market value of $590,847, and you have a much clearer picture of where you stand. If your tax assessment is sitting well below these numbers, you could be underestimating your own equity. That matters whether you are refinancing, selling, or just trying to figure out if your insurance coverage still makes sense.

Nearby, Lakeland Ridge is averaging $634,228 on the HonestDoor scale - slightly above us. Davidson Creek sits at $536,888 and Lakeland Greens at $548,732 - both cheaper. Chelsea Heights is holding its own in a competitive cluster of neighbourhoods.

The So What - Should You Sell This Summer?

If you are thinking about listing this summer, the conditions are about as clean as you are going to get. Homes here are selling in 8 days on average. Buyers are paying 99.15 cents on every dollar of asking price. There are only 5 transactions recorded in 2026 so far, which means inventory is tight - and tight inventory is a seller's best friend.

The honest read: this is not a market where you can overprice and wait. But if you come in sharp, close to that $585,000 listing average, you are likely to see action fast. The predicted value of $590,847 gives you a solid anchor for pricing conversations with your agent.

Pull your HonestDoor Price before you do anything else. It takes two minutes and it gives you the real-world number - not the one the city printed on your assessment notice six months ago. Know what you have before you decide what to do with it.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.