Craigavon, Sherwood Park - September 2026 Real Estate Report

Craigavon, Sherwood Park: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs in Craigavon lately, here's what's actually happening. We're in a market that's catching its breath. Sales volume is down - only 1 house sold this past period, a 50% drop from the month before. The average sale price came in at $561,000, which sounds like a dip, but don't panic yet. That number is being pulled around by thin volume. When only one or two homes trade hands, averages swing hard.

The bigger story? That one home that did sell went for 105.29% of its list price. Buyers paid above asking. That's not a cooling market - that's a market where the right home still starts a bidding war. Properties are also moving in an average of just 4 days. Four days. We're not sitting on inventory here.

• Average sale price (Houses): $561,000
• Average list price this month: $734,988
• Price per square foot: $426
• Sale-to-list ratio: 105.29% - buyers are paying over asking
• Average days on market: 4 days
• Properties sold this period: 1 (down 50% from last month)

The Secret Sauce - Your HonestDoor Price vs. That Government Assessment

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened on your street last Tuesday. The HonestDoor Price is a real-time check on what your home is actually worth today, not what a government formula decided months ago.

Right now, the average HonestDoor Price in Craigavon sits at $689,856 - up 2.91% from the previous period. The predicted market value for houses specifically comes in at $670,381. Compare that to what the city has on file for your place, and there's a good chance you're sitting on more equity than you realize.

Craigavon also ranks 7 out of 32 neighbourhoods in Sherwood Park for price. That puts us firmly in the upper tier. And on the neighbourhood leaderboard for growth, we rank 25 out of 53 - solidly above average. We're not leading the pack, but we're not chasing it either.

• Average HonestDoor Price: $689,856 (up 2.91%)
• Predicted market value (Houses): $670,381
• 3-month moving average: $671,345
• Recent value change: 1.22%
• Growth rank: 25 out of 53 neighbourhoods - above average in Sherwood Park
• Price rank: 7 out of 32 - upper tier in Sherwood Park

How We Stack Up Against the Neighbours

Craigavon is the priciest option in this corner of Sherwood Park, and the numbers back that up. Every nearby neighbourhood comes in cheaper on the HonestDoor Price.

• Lakeland Greens: HonestDoor Price $569,217 - about $120,000 less than Craigavon
• Chelsea Heights: HonestDoor Price $619,883 - still roughly $70,000 below us
• Davidson Creek: HonestDoor Price $547,588 - the most affordable of the three

That gap matters. Buyers who get priced out of Craigavon don't disappear - they move to Chelsea Heights or Lakeland Greens. That keeps demand pointed at us from below.

The "So What?" - Should You Sell This Summer?

If you're thinking about listing this summer, here's the honest read. The market is not broken - it's just thin. Low volume means your home won't get lost in a sea of competition. Four-day average days on market means serious buyers are out there and moving fast. And a 105% sale-to-list ratio means a well-priced home in Craigavon still has the power to spark a fight at the offer table.

The catch is pricing. Listings are sitting at an average of $734,988 right now, but sales are closing at $561,000. That gap is a warning. Overpriced homes are being ignored. Homes priced with the HonestDoor Price as a guide - not wishful thinking - are the ones selling in 4 days above asking.

On the rental side, if selling isn't the move, holding looks solid too. Estimated rent comes in at $3,200 per month with a rental yield of 5.30%. That's a strong return for a buy-and-hold strategy.

• Estimated monthly rent: $3,200
• Rental yield: 5.30% - strong by any measure
• Average rental estimate (all property types): $3,270
• Airbnb estimate: $162 per night (ranked 31 in Sherwood Park)
• Total transactions rank: 20 in Sherwood Park
• Days-on-market rank: 3 out of 24 - one of the fastest-selling areas around

Bottom line - Craigavon is not a neighbourhood you wait out. Check your HonestDoor Price today, price it right, and this summer could be your moment.

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.