Mills Haven, Sherwood Park - October 2026 Real Estate Report
Mills Haven, Sherwood Park: What Your Neighbour Hasn't Told You Yet
If you've been watching the "For Sale" signs on your street and wondering what's actually going on, here's the honest version. Mills Haven is a steady, established neighbourhood - not the flashiest name on the Sherwood Park leaderboard, but it has real numbers worth paying attention to right now.
The Vibe: Houses vs. Condos in Mills Haven
Let's break it down for us locals, because houses and condos are telling two very different stories this year.
Houses - Slow to Sell, But Prices Are Holding
The average sale price for a house in Mills Haven sits at $507,075, up 2.2% from last month. That's a real move in the right direction. But here's the catch - homes are sitting on the market for an average of 90 days, and buyers are paying about 95 cents on every dollar of list price. That gap between what sellers ask ($637,500 average list price) and what buyers pay matters. It means you need to price sharp from day one.
- Average sale price: $507,075 (up 2.2% from last month)
- Average list price: $637,500
- Price per square foot: $398
- Sale-to-list ratio: 95.11% - buyers are negotiating
- Average days on market: 90 days
- Properties sold in 2026: 61 transactions (ranked 7th in Sherwood Park for volume)
- Days-on-market rank: 20 out of 24 - one of the slower-selling pockets in the area
- Growth rank: 29 out of 51 neighbourhoods - below average, but not the bottom
The predicted market value for houses is $574,555, which is creeping up past the 3-month moving average of $567,165. That's a quiet signal that values are stabilizing after some choppiness. The rental yield of 5.57% is genuinely strong - if you're an investor eyeing Mills Haven, that number is worth a second look.
Condos - Affordable, But Facing Headwinds
Condos in Mills Haven are a different conversation. With an average sale price of $148,625 and a HonestDoor Price of $149,533, these are among the most affordable units in all of Sherwood Park - ranked 20 out of 21 neighbourhoods on price. That's not a knock; it means entry-level buyers can actually get into the market here.
- Average sale price: $148,625
- Price per square foot: $161
- HonestDoor Price: $149,533 (down 0.42% from previous period)
- Predicted market value: $150,164
- 3-month moving average: $154,806 - values are dipping below this trend
- Recent value change: -4.70%
- Rental yield: 4.33% - moderate, but workable
- Transactions in 2026: 4 sales
The condo side is taking a breather. Values are sliding below the 3-month trend, and with only 1 sale last month, there isn't much market activity to push prices back up quickly. If you own a condo here, now is the time to pay close attention - not panic, but pay attention.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's something most Mills Haven homeowners don't think about until it's too late. Your city assessment is a snapshot from months ago - sometimes longer. It doesn't know that house prices in your neighbourhood just ticked up 2.2% last month, or that the predicted value for houses has climbed to $574,555.
The HonestDoor Price is updated in real time. It pulls from actual market activity - what homes are selling for right now, not what a government office calculated last year. For houses, the HonestDoor Price sits at $565,803. For condos, it's $149,533. Those are the numbers a buyer's agent is looking at when they walk through your door. Your tax assessment is not.
If you're making any decision about your home - refinancing, selling, even just knowing where you stand - the HonestDoor Price is your real-world check. Use it.
The "So What?" - Thinking About Selling This Summer?
If you're a house owner in Mills Haven and you're thinking about listing this summer, here's the straight talk. The market isn't on fire, but it isn't broken either. Prices are moving up, transactions are happening (61 sales in 2026 puts Mills Haven at 7th in Sherwood Park for volume - that's real activity), and buyers are out there. The problem is the 90-day average sit time and the 5% discount off list price. Those two numbers tell you one thing: overpricing will cost you time and money.
Price your home at or just below the HonestDoor Price of $565,803, get it looking sharp, and you're competitive. Try to chase the average list price of $637,500 without the goods to back it up, and you'll be staring at that sign on your lawn through August.
If you own a condo and want to sell this summer, move sooner rather than later. Values are dipping below the 3-month trend, and with very few transactions happening, there's no crowd of buyers waiting. A well-priced condo at or near $149,533 can still move - but the window for getting top dollar is narrowing.
Bottom line - Mills Haven is a solid, middle-of-the-pack neighbourhood in Sherwood Park. It's not leading the leaderboard, but it's not falling apart either. Know your real number, price it right, and you'll be fine.
mills haven | 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.