Mills Haven, Sherwood Park - September 2026 Real Estate Report

Mills Haven, Sherwood Park: Your Neighbour Just Got More For Their House Than You Think

If you've been watching the "For Sale" signs on your street and wondering what's actually going on, here's the straight story. Mills Haven is in an interesting spot right now - houses are moving fast, buyers are paying over asking, and yet prices have dipped a bit from last month. That combination tells you a lot about where this neighbourhood sits heading into summer.

The Vibe: Houses vs. Condos

Houses - Fast Sales, Competitive Buyers

We saw 10 house sales last month, up nearly 43% from the month before. That's a real jump in activity. The average sale price came in at $496,121, which is down 9.7% from the previous month - but here's the thing that matters more: buyers paid 100.75% of the list price on average. That means people are still competing for well-priced homes. Properties are sitting on the market for just 11 days on average, which ranks us 8th out of 24 comparable areas in Sherwood Park for speed. That's fast.

• Average sale price: $496,121
• Average list price this month: $546,900
• Price per square foot: $410
• Sale-to-list ratio: 100.75% - buyers paid above asking
• Average days on market: 11
• Sales volume: 10 homes sold, up 42.9% month-over-month
• Total 2026 transactions: 59 - ranked 5th in Sherwood Park for activity

The predicted market value for houses sits at $562,078, which is just slightly below the 3-month moving average of $567,224. The market is taking a breather on price, but demand hasn't disappeared. Rental yield on houses is 5.59%, which is genuinely strong for a residential neighbourhood. If you're holding a house here as an investment, that number should make you feel good.

On the neighbourhood leaderboard, Mills Haven houses rank 42nd out of 53 for growth rate in Sherwood Park. That's below average, and we should be honest about it. But the days-on-market rank of 8th out of 24 tells a different story - our homes sell quickly when priced right. Price rank sits at 18th out of 32, putting us in the affordable-to-mid range for the area.

Condos - A Niche Market, But Watch the Trend

The condo side of Mills Haven is a much smaller pool. One condo sold last month at $148,625, and the average HonestDoor Price sits at $150,164 - down 4.70% from the previous period. Price per square foot is $161, and the rental yield comes in at 4.34%, which is moderate but not spectacular.

• Average sale price: $148,625
• Price per square foot: $161
• HonestDoor Price: $150,164 (down 4.70%)
• Predicted market value: $157,572
• 3-month moving average: $154,296 - the predicted value is trending above this, which is a positive sign
• Rental yield: 4.34%
• Estimated monthly rent: $861
• 2026 transactions: 4

On the leaderboard, Mills Haven condos rank 20th out of 21 for price in Sherwood Park - meaning we're among the most affordable condo options in the entire area. If you're a first-time buyer or an investor looking for a low entry point, that's actually a useful stat. Growth ranks 21st out of 37, which is below average, but the predicted value is creeping above the 3-month average, so there's a small positive signal buried in there.

Compared to nearby neighbourhoods, condos in Broadview Park, Broadmoor Centre, and Strathcona Centre are all significantly more expensive. Mills Haven is the budget-friendly option in this corner of Sherwood Park.

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

Here's something most 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 buyers paid over asking on your street last month. It doesn't know that sales volume jumped 43% in a single month. It's essentially a photo of a market that has already moved on.

The HonestDoor Price is updated in real time using actual transaction data. For houses in Mills Haven, that number is $574,555 - up 2.22% from the previous period. That's your real-world check. If you're making any decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price gives you a current read, not a stale government estimate. The gap between what the assessment says and what a buyer will actually pay can be thousands of dollars. Don't leave that money on the table because you trusted an outdated number.

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

If you own a house in Mills Haven and you're weighing a summer sale, here's what the data is actually telling you. Buyers are active - 10 sales in a month with a 43% jump in volume is not a quiet market. Homes are selling in 11 days on average, and buyers are still paying above list price. That's a window you want to use, not watch close.

Yes, the average sale price dipped month-over-month, and the growth rank of 42nd out of 53 is not a number to brag about. But speed of sale and sale-to-list ratio are the numbers that matter most when you're the one putting up the sign. Price it right, and Mills Haven buyers will show up fast.

For condo owners, the picture is quieter. One sale a month is a thin market, and the HonestDoor Price has slipped 4.70%. If you're thinking of selling, patience and sharp pricing are your best tools. The good news is that the predicted value of $157,572 is sitting above the 3-month average, which suggests the floor may be holding.

Bottom line - Mills Haven is not the hottest neighbourhood on the Sherwood Park leaderboard, but it's not sleepy either. Houses here move fast when priced honestly. Check your HonestDoor Price before you do anything else. It's the most current number you have, and right now, current beats everything.

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.