Craigavon, Sherwood Park - October 2026 Real Estate Report
Craigavon, Sherwood Park: Prices Are Up, But the Market Is Telling You Something
The Vibe Right Now
If you live in Craigavon and you have been watching the "For Sale" signs, here is what is actually happening. The average sale price for houses hit $712,000 this month - that is up 26.9% from last month. Sounds like a seller's dream, right? Not so fast. Homes are sitting on the market for 17 days on average, and buyers are only paying about 96% of the asking price. That gap between the $799,900 average list price and the $712,000 average sale price tells you sellers are still pricing with hope, and buyers are pushing back.
We are also seeing homes take longer to move here than in nearby Chelsea Heights (10 days) and Lakeland Greens (15 days). That is a signal worth paying attention to. The price jump is real, but the market is taking a breather on momentum. Think of it as a strong price tag with a slower checkout line.
- Average sale price (houses): $712,000 - up 26.9% from last month
- Average list price: $799,900
- Sale-to-list ratio: 96.01% - buyers are negotiating below ask
- Average days on market: 17
- Properties sold this month: 5
- Price per square foot: $389
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 what happened on your street last week. The HonestDoor Price is the real-world check - it updates in real time based on actual market activity.
Right now, the average HonestDoor Price for Craigavon houses sits at $662,949. The predicted market value for houses is $689,856, which is trending up from the 3-month moving average of $674,179. That upward movement matters. If your tax assessment is still anchored to older numbers, you could be making decisions - whether to sell, refinance, or renovate - based on a figure that no longer reflects what a buyer would actually pay you today.
Craigavon also ranks 6th out of 32 neighbourhoods in Sherwood Park for price. That puts us near the top of the leaderboard. Every neighbourhood around us - Lakeland Greens (HonestDoor Price $546,419), Chelsea Heights ($596,289), and Davidson Creek ($531,430) - is priced meaningfully lower. That premium is real, and it shows up in the HonestDoor Price before it ever shows up in a government assessment.
- HonestDoor Price: $662,949 (down 3.90% from previous period - worth watching)
- Predicted market value: $689,856
- 3-month moving average: $674,179 - values are climbing
- Craigavon price rank: 6 out of 32 in Sherwood Park - near the top
- Nearest neighbour comparison: Chelsea Heights predicted value is $619,883 - we are $70,000 ahead
The Neighbourhood Leaderboard
Growth rate ranks 25 out of 51 neighbourhoods in Sherwood Park. That puts Craigavon in the above-average tier - not leading the pack, but solidly ahead of half the city. Days-on-market ranks 8 out of 24, which means we are still moving properties at a moderately fast pace relative to comparable areas. And that price rank of 6 out of 32 is the real headline - Craigavon is one of the pricier addresses in Sherwood Park, and that reputation holds.
The "So What?" - Thinking About Selling This Summer?
If you are considering listing this summer, the data is giving you a mixed but workable picture. Prices are high and Craigavon commands a premium over every nearby neighbourhood. That is the good news. The honest news is that buyers are negotiating, homes are sitting a bit longer than the neighbours, and the HonestDoor Price has dipped 3.90% from the previous period. That is not a crash - it is a nudge to price smart from day one rather than chasing the market down.
The rental numbers also give sellers a useful backup plan. Estimated rent is $3,270 per month with a rental yield of 5.26%. If the summer sale does not land where you want it, holding and renting is a genuinely strong option here - not just a consolation prize.
Bottom line: Craigavon is still one of the best addresses in Sherwood Park by price and by demand. But this is not a "list it and forget it" moment. Check your HonestDoor Price, price it tight, and move with the market - not against it.
- Rental estimate: $3,270 per month
- Rental yield: 5.26% - strong returns if you hold
- Airbnb estimate: $162 per month
- 19 total property transactions recorded in 2026
- Total transaction rank in Sherwood Park: 22 out of comparable neighbourhoods
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.