Sherwood, Edmonton - August 2026 Real Estate Report

Sherwood, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home in Sherwood and you have not checked your HonestDoor Price lately, here is the short version - the city says your house is worth one thing, and the real world says something different. Spoiler: the real world is higher.

The Vibe: What Is Actually Happening in Sherwood Right Now

Sherwood is a neighbourhood that does not make a lot of noise, but the numbers are worth paying attention to. We have 382 assessed properties here, 27 house transactions recorded in 2026, and a market that is doing something interesting depending on whether you are in a house or a condo.

Houses - Taking a Breather, But Still Holding Value

If you have been watching the "For Sale" signs on the street, here is what is actually happening with houses in Sherwood right now.

• Average sale price: $448,450 - down 21.0% from last month
• Current average listing price: $449,900
• Price per square foot: $418
• Homes are selling at 99.88% of list price - buyers are getting a very slight edge
• Average days on market: 53 days
• Predicted market value: $499,416
• 3-month moving average: $495,638 - the trend is moving up
• Estimated monthly rent: $2,440
• Rental yield: 5.65%

Yes, the month-over-month sale price dropped. That is the market taking a breather after a busy stretch. But here is the thing - the predicted value of $499,416 is actually climbing above the 3-month average of $495,638. That means the short-term dip looks like noise, not a trend. Homes are sitting for 53 days on average, which is longer than nearby West Jasper Place at 28 days. We are not in a fire-sale market, but sellers need to price smart right now.

On the neighbourhood leaderboard, Sherwood houses rank 37 out of 285 for price in Edmonton - that puts us in the top 15% for value. Growth ranks 166 out of 292, which is below average, but the price position is strong. Days-on-market ranks 51 out of 108, meaning we are still moving faster than a lot of Edmonton neighbourhoods.

Condos - Affordable Entry Point, But Patience Required

The condo story in Sherwood is a different one. We are talking about a very affordable price point, and the numbers reflect that.

• Average sale price: $115,000 - up 4.5% from last month
• Current average listing price: $124,900
• Price per square foot: $198
• Homes sold for 92.07% of list price - buyers have real negotiating room here
• Average days on market: 104 days
• Predicted market value: $114,948
• 3-month moving average: $115,248 - values are slightly softening
• Estimated monthly rent: $627
• Rental yield: 4.34%
• HonestDoor Price: $117,243 - up 2.00% from the previous period

Condos here are among the most affordable in Edmonton - price ranks 206 out of 218. That is not a bad thing if you are a buyer looking for an entry point. But if you are a condo owner thinking about selling, the 104-day average time on market and the 92% sale-to-list ratio tell you to set expectations carefully. The HonestDoor Price is up 2.00%, which is a positive signal, but the predicted value is slightly below the 3-month average. This one needs a patient seller or a sharp price.

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

Here is something most Sherwood homeowners do not realize. The city's assessed value for houses here averages $475,221. The average HonestDoor Price is $503,686. That is a gap of nearly $28,500 - and the HonestDoor Price is the one that reflects what buyers are actually doing in the market right now, not what a government formula calculated months ago.

The HonestDoor Price updates in real time. The city assessment does not. If you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is your real-world check. The assessed value is a snapshot from the past. The HonestDoor Price is what is happening today.

Sherwood's HonestDoor Price for houses is also 5.99% higher than the Edmonton average assessed value. That means we are outperforming the city benchmark. That is worth knowing.

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

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

The market is not broken - it is just more competitive than it was six months ago. Buyers are paying 99.88% of list price, which means overpricing by even a little will cost you time. At 53 days on market, you have a window, but it is not unlimited. The predicted value of $499,416 gives you a solid anchor for pricing. List close to that number, present the home well, and you are in a strong position given that Sherwood ranks in the top 15% for price in Edmonton.

Your neighbours in West Jasper Place are seeing HonestDoor Prices of $571,708 and homes selling in 28 days. That tells you the demand is in this part of the city - Sherwood just needs to compete on price and presentation to capture it.

If you own a condo and want to sell this summer, go in with realistic expectations. Price it at or below the $114,948 predicted value, not at the $124,900 average listing price. The buyers in this segment know they have options and they are negotiating hard. A sharp price upfront beats a long wait and a price cut later.

Bottom line - Sherwood is a solid neighbourhood with real value. The HonestDoor Price proves it. Now is the time to know your number before you make your next 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.