Heritage Hills, Sherwood Park - September 2026 Real Estate Report

Heritage Hills, Sherwood Park: Your Neighbours Are Watching This Market Right Now

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 straight story on what's happening in our corner of Sherwood Park - and what it means for your wallet.

The Vibe: What's Actually Happening in Heritage Hills

We're in an interesting spot right now. The market is showing two different stories depending on what you own - and both are worth paying attention to.

Houses: Strong Demand, But Prices Are Taking a Breather

The average HonestDoor Price for a house in Heritage Hills sits at $740,499, up 3.60% from the previous period. That's real, measurable growth. But here's the nuance - the average sale price this month came in at $726,199, which is down 7.4% from last month. Don't panic. One month does not make a trend.

What's actually impressive? Homes are selling for 103.75% of list price. Buyers are still going over asking. That tells us demand is real - sellers just got a little aggressive with pricing last month, and the market pushed back. Current listings are averaging $736,225, and homes are flying off the market in an average of 7 days. That is fast.

• Average HonestDoor Price (Houses): $740,499
• Average sale price this month: $726,199
• Homes selling at: 103.75% of list price
• Average days on market: 7 days
• Price per square foot: $414
• Properties sold this month: 11
• Rental estimate: $3,430 per month
• Rental yield: 5.22%
• Predicted market value: $714,762
• Recent value change: 1.92%

On the neighbourhood leaderboard, Heritage Hills houses rank 2nd out of 32 for price in Sherwood Park - meaning we're sitting near the top of the market. Growth ranks 16th out of 53, which puts us solidly above average. And for days on market, we rank 5th out of 24 - our homes move fast compared to most of the city.

The rental story is also worth noting. At a 5.22% rental yield and $3,430 per month in estimated rent, Heritage Hills houses are pulling strong numbers for anyone thinking about the investment angle.

Condos: The Quiet Overachiever

Here's something that might surprise us - Heritage Hills condos are quietly crushing it. The average HonestDoor Price is $690,050, up 1.04%, but the predicted market value is $682,975 - and that number is climbing fast. The 3-month moving average was $655,008. That's a meaningful jump in a short window.

Recent value change for condos sits at 5.21%, and that earns Heritage Hills a 2nd place ranking out of 37 neighbourhoods in Sherwood Park for condo growth. Second out of 37. That's not a fluke - that's a neighbourhood on the move.

• Average HonestDoor Price (Condos): $690,050
• Predicted market value: $682,975
• 3-month moving average: $655,008
• Recent value change: 5.21%
• Growth rank: 2nd out of 37 in Sherwood Park
• Rental estimate: $2,910 to $2,940 per month
• Rental yield: 3.57%
• Airbnb rank in Sherwood Park: 16th

Compare that to nearby neighbourhoods - Clarkdale Meadows condos average $439,292, Lakeland Greens come in at $260,933, and Foxboro sits at $429,949. Heritage Hills condos are priced significantly higher, and the growth data backs up why.

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

Here's the thing most homeowners don't realize. Your city assessment is a snapshot from the past - often based on data that's 12 to 18 months old by the time it lands in your mailbox. It doesn't know that your neighbour's house just sold for 103.75% of list price. It doesn't know that condo values in Heritage Hills jumped 5.21% recently.

The HonestDoor Price is updated in real time using actual transaction data, current listings, and live market signals. For houses, that's $740,499. For condos, it's $690,050. These numbers reflect what a buyer would actually pay today - not what the government thought your home was worth last year.

If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you should be looking at first. Think of it as the real-world check that keeps you honest about where you actually stand.

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

If you're a house owner in Heritage Hills and you're thinking about listing this summer, the window looks good - but pricing matters more than ever right now. Homes are selling in 7 days and buyers are still going over asking, which means a well-priced home will move. But the 7.4% month-over-month dip in average sale price is a signal that overpriced listings are getting punished. Price it right and you'll likely see multiple offers. Price it with wishful thinking and you'll sit.

If you own a condo here, the story is even more interesting. A 5.21% recent value change and a 2nd-place growth ranking in all of Sherwood Park means your timing is strong. Buyers looking at nearby neighbourhoods will quickly realize Heritage Hills condos are in a different league - and the data backs that up.

Either way, the first step is knowing your real number. Check your HonestDoor Price before you call an agent, before you set a list price, and before you assume your tax assessment tells the full story. In a market moving this fast, being informed is the only edge that matters.

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.