Lakeland Greens, Sherwood Park - October 2026 Real Estate Report
Lakeland Greens, Sherwood Park: Here's What Your Home Is Actually Worth Right Now
If you've been glancing at your neighbours' "For Sale" signs and wondering what's really going on in Lakeland Greens, here's the straight story. The market is moving, prices are shifting, and your last tax assessment is already out of date. Let's get into it.
The Vibe: Houses vs. Condos
Houses - Holding Strong
We're seeing some real momentum on the house side. The average sale price hit $550,000 this month - that's up 8.8% from last month. Even better, homes here are selling at 100% of list price on average. That means sellers aren't giving anything away, and buyers aren't getting deals. It's a clean, balanced market where both sides are getting a fair shake.
- Average sale price: $550,000 (up 8.8% month over month)
- Average list price: $615,000
- Price per square foot: $425
- Average days on market: 21
- Properties sold this month: 1
- Predicted market value: $569,217
- 3-month moving average: $556,458 - and the predicted value is climbing past it
- Estimated monthly rent: $2,791 with a rental yield of 5.51%
On the neighbourhood leaderboard, Lakeland Greens houses rank 19 out of 51 for growth in Sherwood Park. That puts us solidly in the above-average tier - not the flashiest number on the board, but well ahead of the pack. Days on market ranks 11 out of 24, meaning our homes move at a moderately fast clip. For context, nearby Chelsea Heights has a higher predicted value at $619,883, but we're closing that gap.
Condos - A Buyer's Window, But Watch the Clock
The condo picture is a bit different. Buyers are getting a slight edge here - units are selling at about 95% of list price, and the predicted value of $260,933 has dipped slightly below the 3-month moving average of $263,657. That's the market taking a breather, not falling off a cliff.
- Average sale price: $261,500 (up 5.4% month over month)
- Average list price: $260,000
- Price per square foot: $250
- Average days on market: 15
- Properties sold this month: 2
- Predicted market value: $260,933
- Estimated monthly rent: $1,414 with a rental yield of 4.25%
On the leaderboard, Lakeland Greens condos rank 16 out of 37 for growth - again, above average in Sherwood Park. The price rank is 18 out of 21, which puts us among the most affordable condo options in the area. If you're an investor or a first-time buyer, that's actually a useful entry point. Days on market rank is 5 out of 17, so units here are moving faster than most.
The Secret Sauce: Your HonestDoor Price vs. That Old Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, calculated using broad formulas that don't know your street, your renovated kitchen, or what your neighbour's place just sold for. It's already stale by the time it lands in your mailbox.
The HonestDoor Price is updated in real time using actual sales data. Right now, the average HonestDoor Price for houses in Lakeland Greens is $546,419. For condos, it's $256,033. These numbers move with the market - not on a government schedule.
Why does this matter for your wallet? Because if you're making any decision - selling, refinancing, even just figuring out if your insurance coverage still makes sense - you need a number that reflects today, not last year. The HonestDoor Price is that real-world check. Use it.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Lakeland Greens and you've been sitting on the fence, the data is giving you a nudge. Homes are selling at full list price, the predicted value is trending upward, and we're sitting in the top half of Sherwood Park for growth. That's a decent hand to play.
A few things to keep in mind before you list:
- Houses are averaging 21 days on market - price it right and you won't be waiting long
- Listings are averaging $615,000, but sales are closing at $550,000 - set realistic expectations with your agent
- Nearby Chelsea Heights is pricing higher, which gives Lakeland Greens a competitive edge for buyers who've been priced out next door
For condo owners, summer is still a reasonable time to list - especially with prices up 5.4% month over month - but the slight cooling in predicted values means you don't want to wait too long hoping for a bigger pop. Get your HonestDoor Price, compare it to what's actually selling on your street, and make a call based on real numbers.
Bottom line: Lakeland Greens is not a neighbourhood to sleep on. Check your HonestDoor Price at honestdoor.com and know exactly where you stand before you make any moves.
lakeland greens | 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.