Sherbrooke, Edmonton - September 2026 Real Estate Report

Sherbrooke, Edmonton: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs on your block, here's what's actually happening in Sherbrooke. The market is taking a breather - but that doesn't mean your property isn't holding real value. The story is different depending on whether you own a house or a condo, so let's break it down for us locals.

Houses - The Real Picture

The average sale price for houses this month came in at $364,750, which is down 21.7% from last month. That sounds alarming, but context matters - only 2 homes sold this month, so one or two deals can swing that number hard. Listings are sitting at an average of $474,900, and homes are spending about 71 days on the market before selling. Buyers are paying roughly 98 cents on the dollar, so there's a little room to negotiate, but sellers aren't getting crushed either.

The bigger number to watch is the predicted market value of $413,562 for houses. That's trending up from the 3-month moving average of $409,260, which tells us the underlying direction is still positive even if this month's sales look soft. Price per square foot sits at $308.

• Average sale price (this month): $364,750
• Average list price (this month): $474,900
• Price per square foot: $308
• Days on market: 71
• Sale-to-list ratio: 98.13%
• Predicted market value: $413,562
• Estimated monthly rent: $2,134
• Rental yield: 5.80%
• Recent value change: +1.79%
• Growth rank: 57 out of 291 neighbourhoods in Edmonton

That growth rank is worth pausing on. Sitting at 57 out of 291 neighbourhoods puts Sherbrooke houses in the top 20% of Edmonton for value growth. That's a leaderboard stat most people on your street don't know about.

Condos - A Different Story

Condo owners in Sherbrooke, we need to be straight with you. The condo market here is softer. The predicted market value is $98,081, and that's actually dipping below the 3-month moving average of $101,103. Recent value change is down 3.96%, and the growth rank sits at 236 out of 302 - that's below average for Edmonton condos.

The silver lining is that 9 condos sold this month at an average of $146,656, and the price per square foot is around $200. If you're a condo owner thinking about renting instead of selling, the rental yield of 4.35% is moderate but real - estimated rent comes in at $535 per month.

• Average sale price: $146,656
• Price per square foot: $200
• Properties sold this month: 9
• Predicted market value: $98,081
• Estimated monthly rent: $535
• Rental yield: 4.35%
• Recent value change: -3.96%
• Growth rank: 236 out of 302 neighbourhoods in Edmonton

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 taken months ago, using data that's even older than that. It doesn't know what happened on your street last Tuesday. The HonestDoor Price updates in real time, and for Sherbrooke houses, it's telling a story the city's number misses entirely.

The average assessed value for houses in Sherbrooke is $391,841. The average HonestDoor Price is $400,589. That's a gap of roughly $8,700 - and it's 2.23% higher than what the city has on file. For condos, the gap is even wider. The city's average assessed value is $86,408, but the HonestDoor Price comes in at $97,473 - that's 12.81% higher than the assessed value. If you're making any financial decision based on your tax notice alone, you're working with an incomplete picture.

Think of the HonestDoor Price as the real-world check on a number the city set and forgot. It's the difference between knowing what your home is worth today versus what a spreadsheet said it was worth last year.

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

For house owners, the timing conversation is genuinely interesting. Yes, this month's sales were quiet and prices dipped. But the predicted value is climbing, the growth rank puts you ahead of roughly 80% of Edmonton neighbourhoods, and buyers are still paying close to full list price. If you price it right, you're not giving it away.

The 71-day average days on market is the number to plan around. This isn't a market where you list on a Friday and get offers by Sunday. Give yourself a runway, price based on the HonestDoor Price rather than the assessed value, and you're starting from an honest position.

For condo owners, summer 2025 is a tougher sell. Values are dipping, the growth rank is below average, and nearby neighbourhoods like Dovercourt and Prince Charles are priced significantly higher for condos - which means buyers shopping in Sherbrooke are likely doing so on budget. If you don't need to sell right now, holding and renting at $535 per month with a 4.35% yield isn't a bad play while you wait for the market to find its footing.

Bottom line - Sherbrooke is a neighbourhood where houses are quietly outperforming most of Edmonton, and where your city assessment is probably underselling you. Check your HonestDoor Price before you make any move.

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.