Lakeland Greens, Sherwood Park - September 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 neighbour's "For Sale" sign and wondering what your place would fetch, here's the straight story on what's happening in Lakeland Greens right now. No fluff, just the numbers that matter to your wallet.

The Vibe: Houses vs. Condos

We're seeing two pretty different stories play out on our streets right now, depending on what you own.

Houses - Taking a Breather

The average sale price for houses this month came in at $505,600, which is down 8.1% from last month. That's a noticeable dip. But here's the thing - sellers are still listing at an average of $615,000, and homes that did sell went for exactly 100% of their list price. So the gap isn't about sellers caving on price; it's about fewer deals getting done. Only 5 houses sold this month, and they sat on the market for an average of 21 days before finding a buyer. The HonestDoor Price for houses sits at $569,217, up 3.73% from the previous period - which tells a more optimistic story than the single-month sales dip suggests.

• Average HonestDoor Price (Houses): $569,217 - up 3.73%
• Average sale price this month: $505,600
• Average listing price: $615,000
• Price per square foot: $413
• Average days on market: 21
• Properties sold at: 100% of list price
• Houses sold this month: 5
• Rental estimate: $2,791/month
• Rental yield: 5.55% - strong returns
• Neighbourhood leaderboard - Growth rank: 42 out of 53 in Sherwood Park

Condos - A Buyers' Market, Plain and Simple

Our condo market is a different animal. With only 1 unit sold this month and an average sale price of $248,000 - that's 95.38% of the $260,000 list price - buyers are clearly holding some leverage here. Condos are sitting for 15 days on average, which is longer than nearby Davidson Creek (9 days) and Clarkdale Meadows (13 days). The HonestDoor Price for condos is $260,933, down a modest 0.82%. Not a freefall, but the trend is pointing slightly downward. On the bright side, if you're an investor, a 4.25% rental yield on a condo priced under $265,000 is genuinely decent for this market.

• Average HonestDoor Price (Condos): $260,933 - down 0.82%
• Average sale price this month: $248,000
• Average listing price: $260,000
• Price per square foot: $236
• Average days on market: 15
• Properties sold at: 95.38% of list price
• Condos sold this month: 1
• Rental estimate: $1,414/month
• Rental yield: 4.25% - moderate but solid
• Neighbourhood leaderboard - Growth rank: 33 out of 37 in Sherwood Park

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

Here's something most homeowners in Lakeland Greens don't think about until it's too late. Your city assessment is a snapshot frozen in time - it's calculated months in advance and reflects where the market was, not where it is today. In a market that moved 3.73% on houses in a single period, that lag can mean a difference of tens of thousands of dollars in how you price, negotiate, or plan.

The HonestDoor Price is updated in real time. It's pulling in actual transaction data, current listing activity, and what comparable homes are doing right now - not what they did last year. For houses, that's a $569,217 estimate versus a predicted market value of $548,732. For condos, it's $260,933 versus a predicted value of $263,081. Those differences are meaningful if you're making a financial decision based on them.

Think of the HonestDoor Price as the real-world check your assessment never gives you. If you haven't looked yours up recently, now is the time - especially with the market shifting month to month the way it is.

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

If you own a house in Lakeland Greens and you're thinking about listing this summer, the honest answer is: move with intention, not urgency. The 3-month moving average for house values sits at $555,014 and the current predicted value is $553,732 - a slight downward drift. That's not a crisis, but it does mean waiting around hoping for a big jump probably isn't the play right now.

The fact that homes are selling at 100% of list price is actually good news for sellers - it means buyers aren't lowballing. But with only 5 sales this month and a growth rank of 42 out of 53 neighbourhoods in Sherwood Park, we're not in a hot seller's market either. Price it right from day one and you'll move it. Overprice it and you'll be sitting.

For condo owners, the picture is more cautious. Buyers are getting deals below asking, days on market are creeping up compared to nearby areas, and the growth rank sits at 33 out of 37. If you need to sell, price competitively and lean into the rental yield story for investor buyers - a 4.25% yield at this price point is a real selling feature.

Bottom line: Lakeland Greens is a solid, established neighbourhood with real value. But right now, knowing your actual number - not the government's old guess - is the difference between leaving money on the table and walking away with what your home is genuinely worth. Check your HonestDoor Price before you do anything else.

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.