Nottingham, Sherwood Park - August 2026 Real Estate Report

Nottingham, Sherwood Park: Your Neighbour Just Got a Surprise - Here Is What the Numbers Actually Say

If you own a home in Nottingham and you have been quietly assuming your property value is doing fine, sit down for a second. The market here is sending mixed signals right now, and the gap between what the city thinks your home is worth and what buyers will actually pay is wider than most people realize. Here is the straight story.

The Vibe: Houses vs. Condos - Two Very Different Stories

We are seeing a real split in Nottingham right now depending on what you own.

Houses: The average sale price this month came in at $581,600 - that is down 18.6% from last month. That is a number worth paying attention to. Only 4 houses sold, and they sat on the market for an average of 19 days before finding a buyer. Sellers are getting 99.13% of their list price, which sounds close, but the list prices themselves have been sliding. The 3-month moving average for predicted house value sits at $706,898, and the current predicted value of $695,316 is already dipping below that. Values have shifted by -4.54% recently.

• Average sale price: $581,600
• Average list price: $585,750
• Price per square foot: $341
• Days on market: 19
• Sale-to-list ratio: 99.13%
• Rental yield: 5.26%
• Estimated monthly rent: $3,259
• Growth rank: 48 out of 54 neighbourhoods in Sherwood Park
• Price rank: 6 out of 32 - among the most expensive in Sherwood Park

That growth rank is the one to watch. Sitting at 48 out of 54 on the neighbourhood leaderboard means Nottingham houses are near the bottom for recent value growth in Sherwood Park. The market is taking a breather - and then some.

Condos: This is where the story gets more interesting for us. Condo values are actually trending upward. The predicted value of $320,297 is climbing past the 3-month moving average of $315,925, and recent growth clocks in at +4.32%. On the neighbourhood leaderboard, Nottingham condos rank 7 out of 37 in Sherwood Park for growth - that puts us near the top of the pack.

• Average sale price: $303,000
• Average list price: $309,900
• Price per square foot: $246
• Days on market: 25
• Sale-to-list ratio: 97.77%
• Rental yield: 4.17%
• Estimated monthly rent: $1,712
• Growth rank: 7 out of 37 neighbourhoods in Sherwood Park

One condo sold this month, so the sample is thin. But the direction of travel for condo values here is genuinely positive compared to most of the competition nearby.

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

Here is the thing about your city assessment - it is a snapshot from the past. It gets updated once a year, uses old sales data, and has no idea what happened in the market last month. It definitely does not know that house sale prices in Nottingham just dropped 18.6% in a single month.

The HonestDoor Price updates in real time. Right now, the average HonestDoor Price for a house in Nottingham is $706,413 - up 1.60% from the previous period. For condos, it is $323,520, up 1.01%. These numbers are built from current market activity, not a government spreadsheet that was locked in months ago.

That gap between the HonestDoor Price and what houses are actually selling for right now ($706,413 vs. $581,600 in recent sales) is exactly why you need a real-world check before you make any move. Your assessment might make you feel wealthy on paper. The HonestDoor Price tells you what a buyer would actually put on the table today.

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

If you own a house in Nottingham and you are thinking about listing this summer, here is the honest take.

The market is cooling. Prices are down, growth ranks near the bottom of the Sherwood Park leaderboard, and buyers are negotiating. That does not mean you cannot sell - it means you need to price sharp from day one. Homes that are priced right are still moving in about 19 days. Homes that are priced on hope are sitting.

The good news is that Nottingham still ranks 6 out of 32 for price in Sherwood Park - meaning we are in the expensive tier. Buyers who want this neighbourhood know they are paying a premium. Your job is to make sure that premium feels justified the moment they walk through the door.

If you own a condo, the picture is brighter. Values are climbing, growth is ranking well, and rental demand is real at an estimated $1,712 per month with a 4.17% yield. If you are not selling, holding and renting is a legitimate play right now.

Either way, the first thing to do is pull your HonestDoor Price. Not your assessment. Not a guess. The number that reflects what is actually happening on the street right now - because in Nottingham this summer, that difference could be the difference between a deal and a disappointment.

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.