Heritage Hills, Sherwood Park - October 2026 Real Estate Report
Heritage Hills, Sherwood Park: Your Neighbour Just Got a Reality Check on Their Home Price
If you've been watching the "For Sale" signs in Heritage Hills lately, here's what's actually happening. Prices are taking a breather. Sales are slower. But the neighbourhood is still sitting near the top of the Sherwood Park leaderboard - and that matters a lot if you're thinking about your next move.
The Vibe: Houses vs. Condos - What's Moving and What's Not
Let's break it down for us locals.
Houses are the headline story right now, and it's a mixed one. The average sale price sits at $686,433 - down 5.5% from last month. Only 9 homes sold, which is 18.2% fewer than the month before. Homes are sitting on the market for an average of 34 days, and buyers are paying about 98.86% of the asking price. That means if you list at $700,000, expect offers closer to $692,000. The market is cooling, no question about it.
- Average House Sale Price: $686,433 (down 5.5%)
- Average Listing Price: $694,925
- Price Per Square Foot: $329
- Homes Sold: 9 (down 18.2%)
- Average Days on Market: 34
- Sale-to-List Ratio: 98.86%
- Estimated Monthly Rent: $3,430
- Rental Yield: 5.16%
Condos are a quieter story but a steadier one. The HonestDoor Price for condos averages $669,775, down a more modest 2.94%. The predicted market value is $690,050, which is trending up against the 3-month moving average of $674,058. Rental income potential sits at $2,910 per month with a 3.59% yield - solid, not spectacular. On the neighbourhood growth leaderboard, Heritage Hills condos rank 10th out of 37 comparable Sherwood Park neighbourhoods. That's a top-27% finish. We'll take it.
- Average Condo HonestDoor Price: $669,775 (down 2.94%)
- Predicted Market Value: $690,050
- 3-Month Moving Average: $674,058
- Estimated Monthly Rent: $2,900
- Rental Yield: 3.59%
- Growth Rank: 10 out of 37 in Sherwood Park
The Secret Sauce: Why Your HonestDoor Price Matters More Right Now Than Your Tax Assessment
Here's the thing most Heritage Hills homeowners don't realize. Your city assessment is a snapshot from the past - often six to twelve months old by the time it lands in your mailbox. It does not reflect what a buyer would actually pay for your home today.
The HonestDoor Price is updated in real time. Right now, it's telling us that the average house in Heritage Hills is priced at $707,815 - and the predicted market value for houses is $740,499, which is climbing above the 3-month moving average of $718,855. That gap between your old assessment and your HonestDoor Price is where real money lives. If your assessment says one thing and the HonestDoor Price says another, the HonestDoor number is the one that reflects what's actually happening on the street right now.
Compare that to nearby neighbourhoods and the picture gets even clearer. Clarkdale Meadows houses are averaging $587,398. Lakeland Greens sits at $546,419. Even Craigavon, the closest competitor, comes in at $662,949. Heritage Hills is running $45,000 to $160,000 ahead of its neighbours. That premium is real, and your old assessment almost certainly doesn't capture it accurately.
The "So What?" - Should You Sell in Heritage Hills This Summer?
Straight talk: this is not a seller's market the way it was 18 months ago. Prices are down, fewer homes are selling, and buyers have more leverage than they did. But Heritage Hills is not struggling - it's just normalizing from a hot run.
Here's why summer 2026 still makes sense if you're thinking about selling:
- Heritage Hills houses rank 3rd out of 32 neighbourhoods in Sherwood Park for price. We are still one of the most expensive - and desirable - areas in the region.
- The growth rank for houses is 20th out of 51 in Sherwood Park - above average on the neighbourhood leaderboard.
- There were 46 property transactions in Heritage Hills in 2026, ranking 10th in Sherwood Park for total transaction volume. Buyers are still showing up here.
- The predicted house value of $740,499 is trending upward. If you wait too long into fall, that momentum could stall.
- Rental demand is strong. If your sale takes longer than expected, a $3,430 monthly rental income on a house is a real backup plan with a 5.16% yield.
The bottom line: price it sharp, use your HonestDoor Price as your anchor - not your old assessment - and you are still selling from a position of strength. Heritage Hills is not cheap relative to its neighbours, and buyers know it. Give them a reason to move fast.
heritage hills | sherwood park | october 2026This 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.