Emerald Hills, Sherwood Park - September 2026 Real Estate Report

Emerald Hills Real Estate: What Your Neighbour Hasn't Told You Yet

If you own a home in Emerald Hills and you haven't checked your HonestDoor Price lately, you're probably working off numbers that don't reflect what's actually happening on your street right now. Here's the straight story on where things stand.

The Vibe: Houses vs. Condos in Emerald Hills

The two sides of our market are telling pretty different stories right now, and it's worth knowing which one applies to you.

Houses - Taking a Breather, But Holding Steady

If you've been watching the "For Sale" signs in Emerald Hills, here's what's actually happening with houses. Sales activity picked up - 3 homes sold last month, which is 50% more than the month before. That's a real sign of life. But the average sale price came in at $416,433, down 4.8% from last month, so we're not in a runaway seller's market right now.

The good news? Homes are selling at 100% of list price. That means sellers who price right are getting exactly what they ask for. No lowball drama. Properties are moving in an average of 19 days, which ranks us 10th out of 24 neighbourhoods for speed - solidly in the faster half of Sherwood Park.

• Average sale price: $416,433
• Average list price this month: $465,000
• Price per square foot: $273
• Sale-to-list ratio: 100%
• Average days on market: 19
• Homes sold in 2026 so far: 25
• Rental yield: 5.49% - strong returns for investors
• Estimated monthly rent: $2,858
• Growth rank: 28 out of 53 neighbourhoods in Sherwood Park

That 5.49% rental yield is worth flagging. For anyone thinking about holding rather than selling, that's a number that makes the math work. Estimated rent of $2,858 a month on a house is real income.

Condos - A Buyers' Market Worth Watching

The condo side of Emerald Hills is a different conversation. Only 1 condo sold last month, sitting on the market for 41 days - longer than nearby Aspen Trails at 30 days. Buyers paid 98.49% of list price, meaning there's a little room to negotiate. The average sale price landed at $320,000, essentially flat.

Here's the interesting part though. Our condo growth rate ranks 12th out of 37 comparable neighbourhoods in Sherwood Park. That puts us in above-average territory for growth, even if the day-to-day sales feel quiet. And on price, we rank 7th out of 21 - meaning Emerald Hills condos are priced above average for the area.

• Average sale price: $320,000
• Average list price this month: $324,900
• Price per square foot: $257
• Sale-to-list ratio: 98.49%
• Average days on market: 41
• Condos sold in 2026 so far: 13
• Rental yield: 3.96% - moderate but consistent
• Estimated monthly rent: $2,350
• Growth rank: 12 out of 37 neighbourhoods in Sherwood Park

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what sold on your block last month. It doesn't adjust when the market shifts. It's basically a photo from last year being used to describe what you look like today.

The HonestDoor Price is the real-world check. It updates in real time using actual transaction data. Right now, the average HonestDoor Price for houses in Emerald Hills is $586,096 - up 1.36% from the previous period. For condos, it's $598,169, though that's pulled back 1.93% recently.

Compare that to actual sale prices of $416,433 for houses and $320,000 for condos, and you can see there's a meaningful gap. That gap is your conversation starter - whether you're talking to a buyer, a lender, or just trying to figure out if your insurance coverage still makes sense.

Your government assessment won't tell you that your house could rent for $2,884 a month or pull in $143 a night on Airbnb. The HonestDoor Price does. That's the difference between a number that collects dust and one that actually helps you make decisions.

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

If you're a house owner in Emerald Hills and you're thinking about listing this summer, the timing conversation is real. Homes are selling at full list price right now, and 19 days on market means serious buyers are out there. The market isn't hot, but it isn't broken either. Price it right and you'll move it.

The catch is that the predicted market value for houses sits at $578,259, and that number is drifting slightly below the 3-month moving average of $580,096. It's not a cliff - it's a slow drift. Waiting too long to list could mean chasing a number that keeps moving just out of reach.

If you own a condo and you're thinking about selling, be honest with yourself about the timeline. Forty-one days on market and a buyers' market signal means you need to price sharp from day one. Coming in too high and dropping later costs you both time and money.

For anyone not selling - the 5.49% rental yield on houses is a genuine reason to hold. That's not a bad return while you wait for the market to find its next gear.

Bottom line: Emerald Hills isn't the flashiest neighbourhood on the Sherwood Park leaderboard right now, but it's steady, it's affordable relative to most of the area, and the fundamentals for both renting and selling are workable. Check your HonestDoor Price, know your number, and make the move that's right for your situation - not someone else's timeline.

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.