Mills Haven, Sherwood Park - July 2026 Real Estate Report

Mills Haven, Sherwood Park: Your Neighbour Just Got a Surprise on Their Assessment - Here's the Real Number

The Vibe Right Now

If you've been watching the "For Sale" signs on your street, here's what's actually happening in Mills Haven. The market is taking a breather on houses, but the fundamentals are still solid. Condos are a different story - affordable entry points, but the numbers need a honest look before you make a move.

Houses - Still Moving Fast, But Watch the Price Trend

Here's the thing about our house market right now: properties are selling in an average of 7 days. That's not a typo. The days-on-market rank is 2 out of 26 neighbourhoods in Sherwood Park - meaning we're one of the fastest-selling spots in the entire area. Buyers are still showing up.

That said, the average sale price sits at $464,583 this month, which is down 6.2% from last month. Listings are averaging $465,758. So yes, prices have dipped - but here's the part that matters: homes are still selling at 104.57% of list price. Buyers are paying above asking. That's a sellers' market cooling off, not collapsing.

• Average sale price (houses): $464,583
• Average list price: $465,758
• Sale-to-list ratio: 104.57% - buyers are paying over ask
• Average days on market: 7
• Properties sold this month: 12
• Price per square foot: $418
• Total transactions in 2026: 49 - ranked 5th in Sherwood Park for volume

Our growth rate ranks 23 out of 54 comparable neighbourhoods in Sherwood Park. That puts us in above-average territory on the neighbourhood leaderboard - not leading the pack, but solidly ahead of the middle. Price rank is 21 out of 32, which means we're below average in price compared to Sherwood Park - and that's actually a selling point for buyers coming from pricier pockets like Broadview Park or Broadmoor Centre.

Condos - Affordable, But Know What You're Holding

The condo side of Mills Haven is a niche market. Only 1 condo sold this month, with an average sale price of $148,625 and a price per square foot of $161. These are some of the most affordable units in Sherwood Park - ranked 20 out of 21 neighbourhoods on price. If you own one, you're sitting on an entry-level asset in a market where affordability is increasingly rare.

• Average sale price (condos): $148,625
• Price per square foot: $161
• Properties sold this month: 1
• Total transactions in 2026: 4
• Rental estimate: $856 per month
• Rental yield: 4.34%

The condo growth rate ranks 30 out of 37 in Sherwood Park - that puts it in the bottom performers category right now. The predicted market value of $148,634 is also trending below the 3-month moving average of $152,361. If you own a condo here and are thinking about your next move, sooner is probably smarter than later.

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

Here's a question we get all the time: "My city assessment says X - is that what my home is worth?" Short answer: probably not. Government assessments are snapshots taken months - sometimes over a year - before you ever see them. They don't know that 12 houses just sold in your neighbourhood in one month, or that buyers are paying 104% of list price on your street right now.

The HonestDoor Price is updated in real time using actual transaction data. For houses in Mills Haven, that number is $564,861 - and for condos, it's $156,681, up 5.41% from the previous period. These aren't estimates pulled from thin air. They're the real-world check against a static number the city printed months ago.

If you're a house owner, your HonestDoor Price is also pointing toward a predicted market value of $574,732 - which is climbing above the 3-month moving average of $566,102. That gap between what the city thinks your home is worth and what a buyer would actually pay today? That's money left on the table if you don't know it exists.

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

If you own a house in Mills Haven and you're thinking about listing this summer, the window is still open - but it's not as wide as it was. Prices are down 6.2% month-over-month, which tells us the peak heat has passed. But homes are still selling in 7 days and above list price. That's not a bad place to be.

The rental yield on houses sits at 5.57% - that's strong. If selling isn't the plan, holding and renting is a legitimate strategy. Average rent for a house is estimated at $2,734 per month. The numbers support it.

For condo owners, the honest advice is this: the growth trend is moving in the wrong direction right now, and the market is thin - one sale a month means pricing it right is everything. Check your HonestDoor Price before you set a number, because the gap between your city assessment and real market value could be significant.

Bottom line for Mills Haven: houses are still a strong play if you move with the market, not against it. Condos need a sharper eye. Either way, knowing your real number - not the government's number - is where you start.

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.