Chelsea Heights, Sherwood Park - October 2026 Real Estate Report
Chelsea Heights, Sherwood Park: Homes Are Selling Fast and Above Asking - Here Is What You Need to Know
The Vibe Right Now
If you have been watching the "For Sale" signs on your street, here is what is actually happening. Chelsea Heights is in a solid sellers' market right now. Houses are moving in an average of 10 days, and buyers are paying 104.64% of the list price. That means people are not just meeting the asking price - they are going over it. We are not seeing a bidding war frenzy, but we are definitely not in a soft market either.
The average sale price for houses sits at $577,750, up 0.1% from last month. Current listings are averaging $550,000, and price per square foot is running around $428. Two properties sold recently, which is a small sample, but the signals are consistent - demand here is real.
- Average sale price: $577,750 (up 0.1% from last month)
- Average list price this month: $550,000
- Price per square foot: $428
- Sale-to-list ratio: 104.64% - buyers are paying above asking
- Average days on market: 10 days
- Properties sold recently: 2
How We Stack Up Against the Neighbours
Context matters. Chelsea Heights sits in a comfortable middle ground compared to nearby neighbourhoods. Davidson Creek homes are cheaper at $531,430 and sell slightly faster at 9 days. Lakeland Greens comes in at $546,419 and takes longer to sell at 15 days. Lakeland Ridge is the pricier option at $625,707. So if a buyer is being priced out of Lakeland Ridge, Chelsea Heights is the natural next stop - and that keeps our demand steady.
- Davidson Creek - HonestDoor Price $531,430, avg rent $2,604, sells in 9 days
- Lakeland Greens - HonestDoor Price $546,419, avg rent $2,699, sells in 15 days
- Lakeland Ridge - HonestDoor Price $625,707, avg rent $3,003
On the neighbourhood leaderboard, Chelsea Heights ranks 24 out of 51 for growth in Sherwood Park - that puts us in the above-average tier. For days on market, we rank 5 out of 24, meaning homes here sell faster than most comparable neighbourhoods. On price, we rank 14 out of 32 - above average. Not the flashiest numbers, but they are honest and they are solid.
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, sometimes longer. It does not know that buyers just paid over asking on your street. It does not know that your neighbourhood is outpacing Lakeland Greens on speed and demand right now.
The HonestDoor Price is the real-world check. Right now, the average HonestDoor Price for Chelsea Heights is $596,289. The predicted market value for houses is $619,883, which is already climbing above the 3-month moving average of $603,898. That gap between your static assessment and what a buyer would actually pay today - that is money on the table that a lot of homeowners do not even know exists.
Yes, the HonestDoor Price is down 3.81% from the previous period. That is worth knowing. But the predicted value is trending up, and homes are still selling above list. The market is nuanced right now, and a single government number will not capture that nuance for you.
- Average HonestDoor Price: $596,289 (down 3.81% from previous period)
- Predicted market value: $619,883
- 3-month moving average: $603,898 - and the predicted value is above it
- Recent property value change: up 3.15%
The So What - Should You Sell This Summer?
If you are thinking about listing this summer, the conditions are working in your favour right now. Buyers are active, they are paying over asking, and homes are not sitting around. Ten days on market is fast. That is not luck - that is genuine demand.
The rental picture also gives sellers a useful data point. Average estimated rent is $2,923 per month, with a rental yield of 5.40%. That tells you there is an investor audience for your home, not just owner-occupiers. More buyer types means more competition for your listing.
The honest take - the market is not exploding, but it is performing well. If you have been waiting for a "good time," this is a reasonable window. Prices are above average for Sherwood Park, homes are moving fast, and buyers are still willing to stretch past the list price to get what they want.
- Average rental estimate: $2,923 per month
- Rental yield: 5.40%
- Airbnb estimate: $145 per night (ranked 36 in Sherwood Park)
- Total transaction rank in Sherwood Park: 27
- 5 property transactions recorded in 2026 so far
Bottom line - check your HonestDoor Price before you do anything else. It is the most current read on what your home is actually worth in this market, not what it was worth when someone last updated a spreadsheet at city hall.
chelsea heights | sherwood park | october 2026This 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.