Chelsea Heights, Sherwood Park - July 2026 Real Estate Report

Chelsea Heights, Sherwood Park: Your Neighbour Just Got a Reality Check on Their Home Value

The Vibe Right Now

If you've been watching the "For Sale" signs in Chelsea Heights lately, here's what's actually happening. The average HonestDoor Price sits at $591,355 - down 1.87% from last period. That's not a crash. That's the market taking a breather. But here's the thing: the predicted market value for houses is $602,606, which is climbing above the 3-month moving average of $583,308. So the short-term dip and the forward-looking number are telling two different stories. Pay attention to both.

On the houses side - which is really what we're talking about in Chelsea Heights - the average sale price this month is $577,000, down 3.5% from last month. Listings are sitting at $585,000 on average. Buyers are paying 99.15% of list price, which means they're getting a small discount, but sellers are still holding most of their ground. Two homes sold this month and spent an average of just 8 days on the market. For context, Davidson Creek next door is averaging 9 days. We're moving faster than our neighbours.

• Average HonestDoor Price: $591,355 (down 1.87%)
• Average sale price this month: $577,000 (down 3.5% from last month)
• Average list price this month: $585,000
• Price per square foot: $428
• Sale-to-list ratio: 99.15%
• Average days on market: 8 days
• Properties sold this month: 2
• Predicted market value: $602,606
• 3-month moving average: $583,308

The Neighbourhood Leaderboard

Chelsea Heights punches above its weight in Sherwood Park. Growth rate ranks 15 out of 54 neighbourhoods - that puts us in the top third of the city. Days-on-market ranks 3 out of 26, meaning we're one of the fastest-selling pockets in all of Sherwood Park. Price ranks 11 out of 32, placing Chelsea Heights above average for home values across the city. That's a strong hand to hold.

How do we stack up against the neighbours? Davidson Creek averages $532,858 and Lakeland Greens comes in at $551,425 - both cheaper than Chelsea Heights. Lakeland Ridge is the only one running ahead of us at $629,540. We're sitting in a solid middle ground - more established than the entry-level options, without the premium price tag of Lakeland Ridge.

• Growth rank: 15 out of 54 neighbourhoods in Sherwood Park (top third)
• Days-on-market rank: 3 out of 26 (near the top - very fast)
• Price rank: 11 out of 32 (above average)
• Airbnb rank in Sherwood Park: 39
• Total transaction rank in Sherwood Park: 24

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

Here's the honest truth about your city assessment. It's a snapshot from months ago, built on broad formulas, and it has no idea what happened on your street last Tuesday. The HonestDoor Price is updated in real time using actual transaction data. Right now, that number is $591,355 on average - and the predicted value is pushing toward $602,606. Your tax assessment is not telling you either of those numbers.

If you're a Chelsea Heights homeowner and you haven't checked your HonestDoor Price recently, you're making decisions - about refinancing, selling, or even just understanding your net worth - based on stale data. The market has moved. Your assessment hasn't caught up. The HonestDoor Price is the real-world check that fills that gap.

The rental picture adds another layer. Estimated rent is $2,949 per month with a rental yield of 5.44%. That's a strong return. Whether you're thinking about renting out a suite or holding the property as an investment, that yield number is worth knowing - and your tax assessment won't tell you that either.

• Average HonestDoor Price: $591,355
• Predicted market value: $602,606
• Estimated monthly rent: $2,949
• Rental yield: 5.44%
• Average rental estimate (all property types): $2,905
• Airbnb estimate: $144 per night

The So What - Should You Sell This Summer?

If you're thinking about listing in Chelsea Heights this summer, the data gives you a mixed but workable picture. Prices dipped this month, but homes are selling in 8 days and buyers are paying within 1% of list price. That's not a buyer's market where you're giving the house away. That's a market where a well-priced home still moves fast.

The 5% recent value change and a growth rank of 15 out of 54 tell you this neighbourhood has momentum. You're not selling at the bottom. But with sale prices running slightly below list prices right now, the message is clear - price it right from day one. Overpricing in this environment means sitting on the market and chasing the price down, which is the worst outcome for a seller.

Bottom line: Chelsea Heights is not a neighbourhood in trouble. It's a neighbourhood where smart sellers who price accurately are still winning. Check your HonestDoor Price, compare it to what's actually selling, and make your move with real numbers - not last year's assessment.

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.