Sherbrooke, Edmonton - October 2026 Real Estate Report
Sherbrooke, Edmonton: What Your Neighbour's House Is Actually Worth Right Now
If you've been watching the "For Sale" signs on your block and wondering what's really going on, here's the straight answer. Sherbrooke is a steady, affordable neighbourhood in Edmonton - not the flashiest on the leaderboard, but it has real numbers worth paying attention to, especially if you're thinking about making a move this summer.
The Vibe: Houses vs. Condos in Sherbrooke
We've got two very different stories happening on the same streets right now.
Houses - The average sale price hit $470,750 this period, which is up 29.1% from last month. That's a big jump, but keep it in context - only 2 houses sold, so one strong sale can move that number fast. Homes are sitting on the market for an average of 71 days, and buyers are paying about 98.13% of the asking price. That means sellers are getting close to what they're asking, but buyers still have a little room to negotiate. The predicted market value for a house sits at $400,589, which is actually trending slightly down from the 3-month average of $406,808. So the recent sale spike is a flash, not a trend - at least not yet.
Condos - Our condo market is a different animal. The average sale price is $146,656, with 9 units sold. Condos here are among the most affordable in the city - price rank is 185 out of 218 Edmonton neighbourhoods. If you're a first-time buyer or an investor looking for a low entry point, that's actually a selling point, not a knock. The predicted value sits at $97,473, with a rental yield of 4.34% - decent, but not spectacular.
- House average sale price: $470,750 (up 29.1% from last month)
- Houses sold: 2 | Average days on market: 71
- House sale-to-list ratio: 98.13%
- House price per sq ft: $502
- Condo average sale price: $146,656
- Condos sold: 9
- Condo price per sq ft: $200
- Total property transactions in 2026: 38
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's something most Sherbrooke homeowners don't realize. The city's assessed value for a house here averages $391,841. That number is calculated once a year and is already stale by the time it lands in your mailbox. The HonestDoor Price for a house in Sherbrooke is $404,258 - that's 3.17% higher than the city's figure, and it updates in real time.
For condos, the gap is even wider. The city says the average condo is worth $86,408. The HonestDoor Price says $99,031 - that's 14.61% more. If you're basing any financial decision on that government number, you're leaving money on the table before the conversation even starts.
Think of the HonestDoor Price as the real-world check on a static government snapshot. One is a photo from last January. The other is a live feed.
- House HonestDoor Price: $404,258 (up 0.92% from last period)
- House assessed value: $391,841 - HonestDoor is $12,417 higher
- Condo HonestDoor Price: $99,031 (up 1.60% from last period)
- Condo assessed value: $86,408 - HonestDoor is $12,623 higher
The Neighbourhood Leaderboard: Where Does Sherbrooke Rank?
Let's be honest - Sherbrooke isn't leading the pack right now, but it's not falling off a cliff either. For houses, the growth rate ranks 225 out of 285 Edmonton neighbourhoods. That puts us in the lower half. For condos, growth ranks 159 out of 297 - also below average. Year-over-year neighbourhood growth is sitting at 0.10% for houses and 0.06% for condos.
Compare that to nearby Prince Charles, which is growing at 0.17%, or Dovercourt at 0.12%. Both are slightly pricier - Dovercourt houses average $516,863 and Prince Charles comes in at $429,430. So yes, our neighbours are outpacing us a little, but Sherbrooke's lower price point is the trade-off that keeps us in the conversation for buyers who've been priced out elsewhere.
- House growth rank: 225 out of 285 Edmonton neighbourhoods
- Condo growth rank: 159 out of 297 Edmonton neighbourhoods
- Nearby comparison - Prince Charles house HD Price: $429,430 | Growth: 0.17%
- Nearby comparison - Dovercourt house HD Price: $516,863 | Growth: 0.12%
The "So What?" - Should You Sell in Sherbrooke This Summer?
If you own a house in Sherbrooke and you've been sitting on the fence, here's the honest read. The market is taking a breather. Values are slightly down from their 3-month average, days on market are on the longer side at 71 days, and the growth rank isn't turning heads. But - and this matters - the HonestDoor Price is still ticking up, and the recent sale average of $470,750 shows that when the right house hits the market, buyers show up.
The rental picture also gives sellers a backup plan. A house here can pull in an estimated $2,092 a month in rent. If summer selling doesn't go the way you hoped, holding and renting is a real option, not just a consolation prize.
For condo owners, the story is simpler. You're in one of Edmonton's most affordable segments. Demand from first-time buyers and investors is steady. Nine sales last period is a healthy clip for a neighbourhood this size. If your unit is in good shape, this summer is a reasonable time to test the market.
Bottom line - check your HonestDoor Price before you do anything else. The gap between what the city thinks your home is worth and what a buyer will actually pay is real, and in Sherbrooke right now, HonestDoor is consistently coming in higher. That's the number to start the conversation with.
sherbrooke | edmonton | 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.