Mills Haven, Sherwood Park - August 2026 Real Estate Report

Mills Haven, Sherwood Park: Your Neighbours Are Watching the Market. You Should Too.

If you live on a quiet street in Mills Haven and you have been wondering whether now is the time to make a move, here is the straight answer: the house market is running hot, and the numbers back it up. Let us break down exactly what is happening, street by street, property type by property type.

The Vibe: Houses vs. Condos in Mills Haven

We are seeing two very different stories play out right now, depending on what you own.

Houses - Sellers Are Winning Right Now

• Average sale price: $557,875 - up 20.1% from last month
• Average list price this month: $546,300
• Price per square foot: $367
• Homes are selling for 102.68% of list price - buyers are paying over asking
• Average days on market: 12 days
• Properties sold this period: 6
• Predicted market value: $564,861
• Rental yield: 5.59% - that is a strong return if you are holding as an investment
• Estimated monthly rent: $2,694

Twelve days on market is fast. Buyers paying above list price is even more telling. We are not in a frenzy, but we are firmly in sellers' territory. If you own a house in Mills Haven right now, the market is working in your favour. On the neighbourhood leaderboard, Mills Haven houses rank 24 out of 54 for growth in Sherwood Park - solidly above average - and rank 6 out of 26 for how quickly homes sell. That days-on-market rank means we move properties faster than most of the competition around us.

Condos - Affordable Entry Point, Quietly Climbing

• Average sale price: $148,625
• Price per square foot: $161
• Properties sold this period: 1
• Predicted market value: $156,681
• Rental yield: 4.34%
• Estimated monthly rent: $856
• Recent value change: up 5.41%

Condos here are a different game. The volume is low - only one sale this period - but the growth story is quietly impressive. Mills Haven condos rank 4 out of 37 neighbourhoods in Sherwood Park for growth rate. That puts us near the top of the leaderboard. On price, we rank 20 out of 21, meaning these are among the most affordable condos in the city. That combination - top-tier growth, bottom-tier price - is exactly what value-hunters look for before a neighbourhood tips into the mainstream.

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

Here is the thing about your city assessment: it is a snapshot from months ago, built on broad formulas that do not care about your specific street, your renovated kitchen, or the fact that buyers are currently paying over asking in Mills Haven. It is a rear-view mirror number.

The HonestDoor Price is updated in real time. For houses in Mills Haven, that number sits at $562,078 right now. For condos, it is $157,572 - up 0.57% from the previous period. These are not guesses. They are calculated from actual transaction data, current listing activity, and live market signals.

If you are making any financial decision - refinancing, listing, or just figuring out your net worth - your government assessment is already stale. Your HonestDoor Price is the real-world check that tells you what the market actually thinks your home is worth today, not last year.

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

If you own a house in Mills Haven and selling this summer is on your radar, the conditions are about as good as they get right now. Homes are moving in 12 days. Buyers are paying above list. The average sale price jumped 20.1% in a single month. That kind of momentum does not last forever, and summer inventory tends to rise as more sellers jump in - which means more competition for your listing.

The window is open. The question is how long it stays that way.

For condo owners, the play is slightly different. With only one sale this period, the market is thin - which can work for you or against you depending on timing. The growth rank of 4 out of 37 tells us values are moving in the right direction. If you are not in a rush, holding a condo here while that growth plays out is a reasonable strategy. If you need to sell, price it sharp - at $161 per square foot, you are already competitive.

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 whole story. It does not.

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.