Craigavon, Sherwood Park - July 2026 Real Estate Report

Craigavon Prices Are Dipping - But the Long Game Still Looks Good

The Vibe Right Now

If you've been watching the "For Sale" signs in Craigavon lately, here's what's actually happening. The average sale price for houses sits at $606,000 this month, down 3.4% from last month. Listings are asking around $639,000 on average, so there's a gap between what sellers want and what buyers are paying. Homes are selling at 99.69% of list price - which sounds close, but in a neighbourhood where prices are already sliding, that small discount adds up fast.

We're also seeing homes sit on the market for an average of 33 days, and only 2 properties sold this month. That's a quiet month. The market is taking a breather, and buyers know it. If you're a seller, that's the reality we're working with right now.

• Average sale price (houses): $606,000 - down 3.4% from last month
• Average list price: $639,000
• Price per square foot: $375
• Sale-to-list ratio: 99.69% - buyers are paying just under asking
• Average days on market: 33
• Properties sold this month: 2

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

Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know what happened on your street last Tuesday. The HonestDoor Price for Craigavon is currently $662,299, and the predicted market value for houses specifically comes in at $681,357 - already higher than the 3-month moving average of $663,231 and trending upward.

That gap between a static government assessment and a real-time HonestDoor Price is exactly where homeowners get caught off guard. If you're making a decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is the number that reflects what's actually happening in the market today - not what was happening when a city assessor last ran the numbers.

And here's the kicker - Craigavon's growth rate ranks 5 out of 54 comparable neighbourhoods in Sherwood Park. That puts us near the top of the leaderboard. Property values have moved 6.53% recently. The short-term noise is a dip, but the underlying trajectory is strong.

• HonestDoor Price: $662,299 - down 2.80% from the previous period
• Predicted market value (houses): $681,357
• 3-month moving average: $663,231 - and the predicted value is above it
• Recent value change: 6.53%
• Growth rank: 5 out of 54 neighbourhoods in Sherwood Park - top tier
• Price rank: 9 out of 32 - above average in Sherwood Park

How We Stack Up Against the Neighbours

Craigavon consistently prices above nearby neighbourhoods, and that premium is holding. Lakeland Greens averages $551,425, Chelsea Heights sits at $591,355, and Davidson Creek comes in at $532,858. We're running $70,000 to $130,000 higher than the competition. Even the predicted house value of $681,357 beats Chelsea Heights' predicted value of $602,606 by nearly $80,000.

That price gap isn't accidental - it reflects what buyers are actually willing to pay to be in Craigavon over the alternatives.

• Lakeland Greens HonestDoor Price: $551,425
• Chelsea Heights HonestDoor Price: $591,355
• Davidson Creek HonestDoor Price: $532,858
• Craigavon HonestDoor Price: $662,299 - highest of the group

The "So What?" - Thinking About Selling This Summer?

Honest answer - this month's numbers are soft. Two sales, 33 days on market, and prices down from last month. If you need to sell fast, you need to price sharp. Buyers are paying just under asking, and they have options right now.

But if you have a bit of flexibility, the fundamentals here are worth paying attention to. A growth rank of 5 out of 54 neighbourhoods is not a fluke. The predicted value is trending above the 3-month average. And Craigavon still commands a significant premium over every nearby neighbourhood.

The play for summer sellers is simple - get your HonestDoor Price first. Not your old assessment, not a gut feeling, not what your neighbour got two years ago. The real-time number. Then price with confidence, knowing you're sitting in one of Sherwood Park's stronger-performing neighbourhoods even during a slow patch.

One more number worth knowing - estimated rent is $3,240 per month with a rental yield of 5.28%. If selling this summer doesn't feel right, holding and renting is a legitimate option that pencils out well here.

• Estimated monthly rent: $3,240
• Rental yield: 5.28%
• Airbnb estimate: $158 per night (ranked 32 in Sherwood Park)
• Total transaction rank: 20 in Sherwood Park
• 2026 transactions recorded: 15

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.