Craigavon, Sherwood Park - August 2026 Real Estate Report

Craigavon 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. Craigavon is one of the pricier pockets in Sherwood Park, and the numbers back that up. The average HonestDoor Price sits at $670,381, up 1.22% from the previous period. That is steady, not flashy - but steady in this market is a good thing.

On the sales side, things got interesting fast. The average sale price for houses hit $772,500 this period, up 27.5% from last month. Only 2 homes sold, so that jump is partly a small-sample story - but the direction is hard to ignore. Listings are averaging $734,988, and homes are selling in an average of just 4 days. Four days. That is not a slow market taking a breather. That is buyers moving with urgency.

The stat that really tells the story: homes are selling at 105.29% of list price. Buyers are not just meeting asking price - they are going over it. We are firmly in sellers' territory here.

• Average HonestDoor Price: $670,381 (up 1.22%)
• Average sale price - Houses: $772,500 (up 27.5% from last month)
• Average listing price: $734,988
• Price per square foot: $410
• Average days on market: 4
• Sale-to-list ratio: 105.29% - buyers are paying above asking
• Predicted market value - Houses: $662,299
• Estimated monthly rent: $3,170 with a rental yield of 5.32%
• Airbnb income potential: approximately $158 per month
• Total transactions in 2026: 17

The Neighborhood Leaderboard

Here is where Craigavon stands among its Sherwood Park neighbours. On price, we rank 5th out of 32 comparable neighbourhoods - that puts us near the top of the expensive list, which is a flex if you own here. On days on market, we rank 2nd out of 26 - meaning almost nowhere in Sherwood Park moves faster than Craigavon right now.

The one area where we sit lower is growth rate - ranked 37th out of 54 neighbourhoods. Property values have dipped 2.80% recently, which is worth knowing. It does not cancel out the strong sale prices, but it is a real number and you deserve to hear it straight.

Compare us to the neighbours and the price gap is clear. Lakeland Greens averages $548,732. Chelsea Heights comes in at $600,965. Davidson Creek sits at $536,888. Craigavon is not the cheapest option - it is the premium option, and buyers are still showing up and paying over asking to be here.

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, calculated using broad formulas that do not know your specific street, your renovated kitchen, or the fact that homes near you just sold at 105% of list. It is a rear-view mirror number.

Your HonestDoor Price is updated in real time using actual transaction data from the market right now. In Craigavon, where the predicted market value for houses is $662,299 - already running ahead of the 3-month moving average of $661,085 - waiting for your next tax assessment to understand what your home is worth means leaving real information on the table.

If your city assessment is sitting below $662,000 to $670,000, there is a good chance it is underselling what a buyer would actually pay today. That gap matters when you are making decisions about refinancing, listing, or even just knowing where you stand.

The So What - Should You Sell This Summer?

If you are thinking about selling this summer, the conditions are about as good as they get. Homes are moving in 4 days. Buyers are paying over asking. You are in one of the most expensive and fastest-moving neighbourhoods in Sherwood Park.

The honest caveat: the recent growth rate rank of 37th out of 54 tells us values are not climbing as aggressively as some other pockets right now. So this is not a "wait another year and watch it soar" situation. It is a "the buyers are here right now and they are motivated" situation.

If your plan is to sell, summer 2025 looks like your window. Tight inventory, fast sales, and above-asking offers are the trifecta every seller wants. Check your HonestDoor Price today - not your assessment, not a guess - so you walk into any conversation with an agent knowing exactly what the real-world market says your home is worth.

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.