Sherbrooke, Edmonton - July 2026 Real Estate Report

Sherbrooke, Edmonton: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Sherbrooke and you're still looking at your city assessment to know what your place is worth, you're working with old news. Here's what's actually happening on the ground right now.

The Vibe: What's Going On With Houses and Condos

Let's split this up, because houses and condos are telling two very different stories in our neighbourhood right now.

Houses - Taking a Breather

The house market in Sherbrooke is cooling off a bit. The average sale price sits at $402,500, which is down 7.9% from last month. That's a notable dip. Active listings are averaging $370,000, which tells us sellers are adjusting expectations. The market is landing in balanced territory - not a buyer's frenzy, not a seller's dream, but a fair fight.

• Average sale price: $402,500 (down 7.9% from last month)
• Average listing price: $370,000
• Price per square foot: $319
• Properties sold at 100% of list price on average
• Average days on market: 15 days
• Properties sold this period: 2

Here's the thing about that 15-day average - it ranks 14th out of 103 Edmonton neighbourhoods for speed. So even in a cooling market, Sherbrooke houses are moving fast when they're priced right. Buyers are still showing up. They're just not overpaying anymore.

The predicted market value for a Sherbrooke house is $407,944, which is nudging up past the 3-month moving average of $406,305. That's a steady, quiet climb. Not explosive, but not falling apart either.

On the rental side, estimated rent comes in at $2,108 per month with a rental yield of 5.81%. That's a strong return for anyone thinking about holding rather than selling.

Condos - The Quiet Overachiever

We don't talk about Sherbrooke condos enough. While the price point is modest, the growth story is actually impressive. Condo values have moved 2.04% recently, which puts Sherbrooke condos at rank 45 out of 296 Edmonton neighbourhoods for growth. That's top 15%. For a neighbourhood that doesn't get a lot of headlines, that's worth paying attention to.

• Average sale price: $146,656
• Price per square foot: $200
• Properties sold this period: 9
• Predicted market value: $103,102
• 3-month moving average: $101,187 (values are climbing)
• Estimated rent: $562 per month
• Rental yield: 4.33%

Yes, the price rank is 177 out of 220 - Sherbrooke condos are among the most affordable in Edmonton. But affordable plus top-15% growth is actually a combination investors look for. The entry point is low, and the trajectory is moving in the right direction.

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

Here's the honest truth about city assessments: they're a snapshot from the past. The city looks at sale data from a specific window of time, runs its formula, and mails you a number. By the time it lands in your mailbox, the market has already moved on.

The HonestDoor Price is the real-world check. It updates in real time using current sales, current listing activity, and current market signals. For Sherbrooke houses, that number is $406,273 - which is 3.68% higher than the average city assessment of $391,841. That gap represents real money. For a home in this price range, we're talking roughly $14,000 that your assessment is leaving on the table.

For condos, the gap is even wider. The average city assessment is $86,408. The HonestDoor Price is $102,125 - that's 18.19% higher. If you're a condo owner using your assessment as your benchmark, you're significantly underestimating what your unit is actually worth in today's market.

• House HonestDoor Price: $406,273 (vs. assessed $391,841 - a $14,432 difference)
• House HonestDoor Price change: down 0.41% from last period
• Condo HonestDoor Price: $102,125 (vs. assessed $86,408 - an $15,717 difference)
• Condo HonestDoor Price change: down 0.95% from last period

Both HonestDoor Prices have dipped slightly from the previous period. That's not a panic signal - it's the market recalibrating. But it does mean if you're thinking about selling, sooner beats later while values hold near these levels.

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

If you're a house owner in Sherbrooke and you're eyeing a summer sale, here's the straight talk: the market is balanced right now, which means you can still get a fair price, but you can't just throw any number on the listing and expect a bidding war. The 100% sale-to-list ratio tells us buyers are paying what a home is worth - not more. Price it right from day one.

The 15-day average days on market is your friend. Sherbrooke houses are among the fastest-selling in Edmonton when priced correctly. A well-priced home here doesn't sit. That's a real advantage heading into summer.

For condo owners, the story is actually quite good. You're sitting in a top-growth segment of the Edmonton condo market, and your HonestDoor Price is running nearly 20% above your city assessment. If you haven't looked at your actual market value recently, now is the time.

One more thing worth knowing - nearby Prince Charles is averaging $434,917 for houses and growing at 0.17% year over year, compared to Sherbrooke's 0.10%. Dovercourt is at $510,472 and growing at 0.12%. Sherbrooke is the more affordable entry point in this pocket of the city, and that affordability is exactly what draws buyers when the market tightens up.

• Sherbrooke house neighbourhood growth rank: 152 out of 302 (below average, but stable)
• Sherbrooke condo neighbourhood growth rank: 45 out of 296 (top performer)
• Total transactions in 2026: 30 (ranks 53rd in Edmonton for activity)
• 651 properties assessed this year

Bottom line: Sherbrooke is not the flashiest neighbourhood on the Edmonton leaderboard, but it's steady, it's affordable relative to its neighbours, and the condo segment is quietly punching above its weight. If you want to know what your specific property is actually worth today - not what the city decided six months ago - your HonestDoor Price is the number to start with.

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.