Heritage Hills, Sherwood Park - July 2026 Real Estate Report

Heritage Hills, Sherwood Park: Your Neighbour Just Got a Better Offer Than You Think

If you own a home in Heritage Hills and you haven't checked your property value lately, you're probably leaving money on the table. Here's the real picture of what's happening on our streets right now.

The Vibe: Houses vs. Condos - Two Very Different Stories

We're seeing a split market in Heritage Hills, and it matters which side of that split you're on.

Houses are holding strong. The average sale price for houses hit $696,500 this period, up 3.0% from last month. Buyers are paying 103.30% of list price on average - meaning people are going over asking to get in here. That's not a soft market. That's competition. Homes are moving in about 17 days, and the predicted market value sits at $726,984, which is climbing above the 3-month average of $717,177. On the neighbourhood leaderboard, Heritage Hills houses rank 2nd out of 32 for price in all of Sherwood Park. We're near the top.

• Average house sale price: $696,500 (up 3.0% from last month)
• Buyers paying: 103.30% of list price
• Average days on market: 17
• Predicted market value: $726,984
• Rental yield: 5.19%
• Estimated monthly rent: $3,387
• Price rank in Sherwood Park: 2nd out of 32

Condos are taking a breather. The condo side is a different conversation. The predicted market value for condos is $632,900, and that's actually down from the 3-month moving average of $676,825. Recent value change sits at -12.23%, and on the neighbourhood growth leaderboard, Heritage Hills condos rank 35th out of 37 in Sherwood Park. That's a number worth paying attention to if you own a condo here and are thinking about your next move.

• Average HonestDoor Price (condo): $649,150 (up 2.57% from previous period)
• Predicted market value: $632,900
• 3-month moving average: $676,825
• Recent value change: -12.23%
• Estimated monthly rent: $2,800
• Rental yield: 3.62%
• Growth rank in Sherwood Park: 35th out of 37

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now

Here's the thing about your city assessment - it's a snapshot from months ago, built on broad formulas, not your actual street. The HonestDoor Price is updated in real time using current sales data from Heritage Hills itself. Right now, that gap matters.

For house owners, the HonestDoor Price is sitting at $701,305. Your city assessment almost certainly doesn't reflect the fact that buyers in our neighbourhood are paying over list price and competing for homes. If you're making any financial decision - refinancing, selling, even just understanding your net worth - using a stale government number is like navigating with an old map.

For condo owners, the HonestDoor Price actually tells a more cautious story at $649,150, with the predicted value trending down. That's exactly the kind of honest signal you need before making a move - not a number that's 12 months behind the market.

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

If you own a house in Heritage Hills, this summer looks like your window. Buyers are paying above asking, inventory is tight - only 4 houses sold last month, down 50% from the month before - and you're sitting in the second most expensive neighbourhood in Sherwood Park. Compared to nearby Clarkdale Meadows ($593,585), Lakeland Greens ($551,425), and Craigavon ($662,299), Heritage Hills houses command a real premium. That premium is real, and it's right now.

If you own a condo, the honest advice is to watch closely. The 3-month trend is moving in the wrong direction, and ranking 35th out of 37 for growth in Sherwood Park means the momentum isn't with you at the moment. That doesn't mean panic - it means price it right and don't wait for the market to come back to you.

Either way, pull your HonestDoor Price before you call an agent. Walk into that conversation knowing your number, not guessing at it.

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.