Sherbrooke, Edmonton - August 2026 Real Estate Report

Sherbrooke, Edmonton: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your city assessment and wondering if that number is the real story, it isn't. Here's what's actually happening on the ground in Sherbrooke right now.

The Vibe: What the Market Looks Like for Us in Sherbrooke

Sherbrooke is a neighbourhood that doesn't make a lot of noise, but it's holding its own. With 31 property transactions recorded in 2026 and 651 homes assessed this year, there's real activity here. The year-over-year growth sits at 0.10%, which is steady rather than spectacular. Think of it as the market taking a breather while still moving forward.

Here's the split on what we're seeing for houses versus condos:

Houses: A Few Big Moves, But Read the Fine Print

The headline number for houses looks exciting - an average sale price of $466,000, up 15.8% from last month. But here's the honest context: only 1 house sold last month, down 50% from the month before. One sale does not make a trend. That single transaction is driving the average, so take the monthly swing with a grain of salt.

• Average sale price: $466,000
• Average list price this month: $474,900
• Price per square foot: $572
• Sale-to-list ratio: 98.13% - buyers are paying just under asking
• Average days on market: 71 days
• Predicted market value (HonestDoor): $406,273
• 3-month moving average: $407,315
• Estimated monthly rent: $2,100
• Rental yield: 5.82%

Seventy-one days on market is something to pay attention to. Houses here are sitting longer than in faster-moving Edmonton neighbourhoods. On the neighbourhood leaderboard, Sherbrooke houses rank 65 out of 108 for days on market - that puts us in the slower half. For price, we rank 186 out of 285, which is below average for Edmonton. For growth, we sit at 209 out of 292. Not last, but not leading the pack either.

The rental story is genuinely good though. A 5.82% rental yield on houses is strong. If you're an investor or thinking about holding rather than selling, that number is worth your attention.

Condos: Affordable, Active, and Quietly Ticking Up

The condo market in Sherbrooke is a different animal. Nine condos sold last month, which is consistent activity. The average sale price is $146,656, and the predicted market value sits at $102,125 - slightly up from the 3-month moving average of $102,088. Small movement, but it's moving in the right direction.

• Average sale price: $146,656
• Price per square foot: $200
• Predicted market value (HonestDoor): $102,125
• Estimated monthly rent: $557
• Rental yield: 4.34%
• Properties assessed this year: 200

On the neighbourhood leaderboard, Sherbrooke condos rank 180 out of 218 for price - which puts us among the most affordable condo options in Edmonton. That's not a bad thing if you're a buyer. For growth, we rank 199 out of 302, which is below average. The condo segment here is stable, not surging.

One thing worth noting: nearby neighbourhoods like Dovercourt ($332,759 HonestDoor Price for condos) and Prince Charles ($328,991) are priced significantly higher. Sherbrooke condos are a fraction of those prices, which tells you something about the entry-point opportunity here.

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

Here's the thing about your city assessment - it's a snapshot from the past. The City of Edmonton calculates it based on data that's already months old by the time it lands in your mailbox. It doesn't know what sold on your street last week. It doesn't adjust for what buyers are actually paying right now.

The HonestDoor Price is the real-world check. For houses in Sherbrooke, the average assessed value is $391,841. The average HonestDoor Price is $413,562. That's a gap of 5.54%. If you're making any financial decision - refinancing, selling, even just understanding your net worth - using the assessed value means you're working with a number that's already behind the curve.

For condos, the gap is even wider. The average assessed value is $86,408. The HonestDoor Price is $98,081. That's 13.51% higher than the assessed value. If a condo owner in Sherbrooke is basing any decision on that assessment number, they're leaving real information on the table.

The HonestDoor Price updates in real time. Your assessment does not. That's the difference.

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

If you own a house in Sherbrooke and you're thinking about listing this summer, here's the straight talk. The market is not racing. Seventy-one average days on market means you need to price sharp from day one. Buyers here are paying 98.13% of list price - close to asking, but not over it. You won't get away with an aggressive price and hope for the best.

The good news is that your HonestDoor Price of $413,562 on average is meaningfully higher than what the city thinks your home is worth. That's real equity. A well-priced listing that reflects current market conditions - not last year's assessment - is your best move.

For condo owners, the story is similar. Nine sales a month shows there are buyers in this segment. The price point is accessible, which works in your favour. But with growth ranking below average and values having dipped 0.95% recently, waiting for a big run-up before selling isn't a strategy backed by the current data.

Bottom line for Sherbrooke this summer: price it right, know your real number, and don't let a stale assessment be the anchor on your decision. Check your HonestDoor Price first.

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.