Sherwood, Edmonton - July 2026 Real Estate Report

Sherwood, Edmonton: Your Neighbour's House Is Worth More Than The City Thinks

If you own a home in Sherwood and you have not checked your property value since your last tax assessment, you are leaving real money on the table. The city says your home is worth one thing. The market says something different - and the gap is not small.

The Vibe: What Is Actually Happening in Sherwood Right Now

Sherwood is holding its ground. We are sitting in a neighbourhood where house values are climbing, rental demand is solid, and our growth rate puts us ahead of most of Edmonton. Here is the honest breakdown for houses and condos.

Houses: A Sellers' Neighbourhood in a Buyers' Market Moment

Our houses are among the priciest in the city - ranked 34th out of 285 Edmonton neighbourhoods on price. That is top 12 percent. But right now, buyers have a bit of leverage. Here is what the numbers say:

• Average sale price: $567,500
• Current average list price: $573,950
• Price per square foot: $403
• Homes are selling at 95.78% of list price - buyers are negotiating roughly $24,000 off asking
• Average days on market: 69 days
• 2 sales recorded in 2026 so far
• Predicted market value: $496,774 - up from the 3-month average of $488,342
• Estimated monthly rent: $2,436 with a rental yield of 5.65%
• Recent value change: up 1.23%
• Growth rank: 84 out of 302 Edmonton neighbourhoods - solidly above average

Homes are taking 69 days to sell, which is on the slower side. That is the buyers' market reality right now. But here is the thing - values are still trending up. The predicted market value has climbed past the 3-month moving average, which tells us the floor is rising even if the pace is measured.

Condos: Affordable Entry Point, But Tread Carefully

The condo picture in Sherwood is a different story. We are talking about a very affordable segment - ranked 209th out of 220 Edmonton neighbourhoods on price. That is near the bottom of the price ladder, which cuts both ways.

• Average HonestDoor Price: $114,948 - down 0.59% from last period
• Average sale price: $110,000
• Current average list price: $119,900
• Price per square foot: $190
• Homes selling at 91.74% of list price - buyers are getting about $9,900 off asking
• Average days on market: 38 days
• 1 sale recorded in 2026 so far
• Predicted market value: $115,632 - up slightly from the 3-month average of $114,523
• Estimated monthly rent: $631 with a rental yield of 4.33%
• Recent value change: up 0.41%
• Growth rank: 92 out of 296 Edmonton neighbourhoods - above average

Condos here are taking a breather. Values dipped slightly, and buyers are negotiating harder than they are on houses. The 38-day average is faster than houses, but slower than nearby West Jasper Place at 28 days. If you own a condo in Sherwood, keep a close eye on that HonestDoor Price - it is the early signal before the market moves.

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

Here is the thing about your city assessment. It is a snapshot taken months ago, using data that is even older than that. It does not know what sold on your street last Tuesday. It does not adjust for what buyers are actually paying right now.

The HonestDoor Price is the real-world check. For houses in Sherwood, the average assessed value sits at $475,221. The average HonestDoor Price is $499,416. That is a $24,195 gap - and the HonestDoor Price is already 5.09% higher than the Edmonton average assessed value. If you are making any financial decision based on your tax assessment alone - whether that is refinancing, selling, or just knowing your net worth - you are working with an outdated number.

On the neighbourhood leaderboard, Sherwood houses rank 84th out of 302 for growth. That puts us in the top 28 percent of Edmonton neighbourhoods. Compare that to our neighbours: Jasper Park is growing at 0.06% per year, Meadowlark Park at 0.09%, and West Jasper Place at 0.09%. Sherwood houses are growing at 0.17% - faster than all three.

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 straight talk. You are in a buyers' market right now. Homes are sitting for 69 days on average and selling about 4 percent below list price. That does not mean you should panic - it means you should price smart from day one. An overpriced listing will sit. A well-priced one will move.

Your HonestDoor Price of roughly $499,416 is your anchor. Use it as your baseline, not your ceiling. With actual recent sales averaging $567,500, there is room above that number - but only if your home is in strong shape and priced to reflect what buyers are seeing right now, not what you hoped the market would be six months ago.

For condo owners, the summer outlook calls for patience. With only 1 sale recorded so far in 2026 and values dipping slightly, this is a market where presentation and pricing matter even more. Your best move right now is to check your HonestDoor Price, compare it against active listings in the neighbourhood, and make sure you are not chasing a number the market has already moved past.

Bottom line - Sherwood is a solid neighbourhood with real fundamentals. We rank well on price, we rank well on growth, and rental demand is strong. The market is just asking sellers to be realistic right now. Price it right and Sherwood will do the rest.

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.