Mills Haven, Sherwood Park - June 2026 Real Estate Report

Mills Haven, Sherwood Park: Your Neighbour Just Got More Than List Price. Here's the Full Story.

If you've been watching the "For Sale" signs in Mills Haven lately, here's what's actually happening. Houses are selling above asking, condos are quietly climbing in value, and the gap between what the city thinks your home is worth and what buyers will actually pay is wider than ever. Let's break it down.

The Vibe: Houses vs. Condos in Mills Haven

Houses - Sellers Are Winning Right Now

We are sitting in a genuine sellers' market for houses. The average sale price hit $524,000 this period - up 15.5% from last month. Even better, homes are selling at 101.70% of list price. That means buyers in our neighbourhood are going over asking to get a deal done. Properties are moving in an average of 15 days, which puts us at a days-on-market rank of 7 out of 22 neighbourhoods in Sherwood Park. That's fast.

• Average sale price: $524,000 (up 15.5% from last month)
• Average list price: $489,627
• Sale-to-list ratio: 101.70% - buyers are paying over asking
• Average days on market: 15 days
• Price per square foot: $383
• Properties sold in 2026: 35 (transaction rank: 6th in Sherwood Park - we are active)

The one thing to watch: the predicted market value for houses sits at $550,872, which is slightly below the 3-month moving average of $556,178. Values have dipped 3.81% recently, and our growth rate ranks 32 out of 53 neighbourhoods - that puts us in the below-average tier on the neighbourhood leaderboard right now. The market is taking a breather on appreciation, even while individual sales are hot. Those two things can both be true at once.

Condos - A Small But Interesting Story

The condo side of Mills Haven is a different animal. Volume is thin - only 1 sale this period and 3 total transactions in 2026. But the numbers that do exist are worth paying attention to. The average sale price came in at $148,625, up 18.4% from last month. And the predicted market value of $160,705 is actually climbing above the 3-month moving average of $155,513, which is a good sign.

• Average sale price: $148,625 (up 18.4% from last month)
• Predicted market value: $160,705
• Price per square foot: $161
• Recent value change: up 8.77%
• Growth rank: 5 out of 37 neighbourhoods - top tier on the leaderboard
• Estimated monthly rent: $875 with a rental yield of 4.33%

Yes, condos here are the most affordable in Sherwood Park - ranked 21 out of 21 on price. But that growth rank of 5th out of 37 is the real headline. Affordable entry point plus top-tier growth momentum is a combination worth noticing, especially for investors or first-time buyers watching our neighbourhood.

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

Here is the honest truth about government assessments: they are a snapshot from months ago, sometimes longer. They do not react to a hot sales month, a shift in buyer demand, or what your neighbour's house just sold for over asking.

The HonestDoor Price is the real-world check. It updates in real time using actual transaction data. Right now, the average HonestDoor Price for houses in Mills Haven is $574,732 - up 4.33% from the previous period. That is the number that reflects what is actually happening on our streets, not what a government formula calculated last year.

For condos, the HonestDoor Price is $148,634, though it has dipped 7.51% from the previous period. That is useful information too - it tells you where the market actually stands before you price a listing or make an offer.

If you are making any financial decision - refinancing, selling, buying out a partner - use the HonestDoor Price as your starting point. Your tax assessment is a billing tool. The HonestDoor Price is a market tool.

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

If you own a house in Mills Haven and you have been sitting on the fence about selling, the conditions are about as good as they get right now. Buyers are paying over list price. Homes are moving in two weeks. And with a transaction rank of 6th in all of Sherwood Park, there is real demand in our neighbourhood - not just wishful thinking.

A few things to keep in mind before you plant that sign in the lawn:

• The 3-month value trend for houses is softening slightly - if you are going to move, sooner beats later
• Listings are averaging $489,627 but selling at $524,000 - price it right and the market will reward you
• For rental income potential, houses are pulling an estimated $2,627 per month with a 5.62% yield - strong numbers if you are weighing sell vs. rent
• Condo owners: low volume means your sale will stand out - and that growth rank of 5th in Sherwood Park is a legitimate selling point for investors

Bottom line - Mills Haven is not the flashiest address in Sherwood Park when you compare us to Broadview Park or Broadmoor Centre on price. But we are punching above our weight on sales activity, speed, and condo growth momentum. Know your HonestDoor Price, watch the trend, and make your move before the summer market shifts.

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.