Sherwood, Edmonton - October 2026 Real Estate Report
Sherwood, Edmonton: Your House Is Worth More Than The City Thinks
If you own a home in Sherwood and you have not checked your HonestDoor Price lately, you are probably leaving money on the table. The city's assessment says your home is worth one thing. The real market says something different - and the gap is bigger than you might expect.
The Vibe: What Is Actually Happening in Sherwood Right Now
Sherwood is a tale of two property types right now, and the story depends entirely on what you own. Let us break it down.
Houses - The Market Is Moving
Houses in Sherwood are holding their own. The average sale price hit $548,375 this month, up 16.7% from last month. That is a serious jump. Listings are sitting at $549,900 on average, and homes are selling for 98.2% of list price - meaning buyers are close to full ask, but still have a little room to negotiate.
- Average sale price: $548,375
- Average list price: $549,900
- Price per square foot: $414
- Average days on market: 25 days
- Sale-to-list ratio: 98.2%
- Rental yield: 5.66%
- Estimated monthly rent: $2,412
Twenty-five days on market is actually faster than nearby West Jasper Place at 28 days. That tells us demand in Sherwood is real. Four sales this month is a small sample, but the price trend is pointing up. The HonestDoor predicted value for houses sits at $494,331 - slightly below the 3-month moving average of $500,023, so we are watching a small dip in the short-term model. Still, a rental yield of 5.66% is genuinely strong for Edmonton. If you are holding a house here as an investment, the numbers are working in your favour.
On the neighbourhood leaderboard, Sherwood houses rank 153 out of 285 for growth - right in the middle of the pack. Days-on-market rank is 24 out of 116, which puts us in the faster-selling tier. That is the number to pay attention to.
Condos - Taking a Breather
Condos in Sherwood are a different conversation. The market is softer here, and we should be honest about that.
- Average sale price: $174,000
- Average list price: $243,000
- Price per square foot: $188
- Average days on market: 48 days
- Sale-to-list ratio: 95.88%
- HonestDoor Price: $112,370
- Rental yield: 4.33%
- Estimated monthly rent: $616
Condos are sitting on the market for 48 days - noticeably longer than West Jasper Place at 28 days. The HonestDoor Price has dipped 0.31% from last period, and the predicted value of $112,723 is trending down from the 3-month average of $114,971. The growth rank of 268 out of 297 puts Sherwood condos near the bottom of the Edmonton leaderboard right now. This is a buyers' market for condos, full stop. If you are a condo owner thinking about selling, timing and pricing strategy matter a lot more than they did a year ago.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment. It is calculated once a year using data that can be 12 to 18 months old by the time it lands in your mailbox. The market does not wait for the city to catch up.
For houses in Sherwood, the average city assessment sits at $475,968. The average HonestDoor Price is $498,179. That is a gap of roughly $22,000 - and the HonestDoor Price is 4.67% higher than the Edmonton average assessed value. That difference is not a rounding error. That is real equity that a static government number is not capturing.
The HonestDoor Price updates in real time using actual transaction data, current listing activity, and neighbourhood trends. It is the number that reflects what a buyer would actually pay today - not what the city guessed your home was worth last year. If you are making any financial decision tied to your home's value - refinancing, selling, or just knowing where you stand - the HonestDoor Price is the one to use.
The So What - Thinking About Selling This Summer?
If you own a house in Sherwood and you are thinking about listing this summer, the conditions are reasonably good. Prices jumped sharply this month, homes are moving faster than neighbouring areas, and the rental yield backstop of 5.66% means investors are watching this neighbourhood too. Listing near $549,900 puts you in line with current market expectations, and buyers are coming in close to full ask.
The honest advice - get your HonestDoor Price first. The city's $475,968 assessment is almost certainly underselling you. Knowing your real number before you sit down with an agent means you negotiate from a position of actual knowledge, not a guess.
If you own a condo, summer 2026 requires more patience and sharper pricing. With 48 days on market and a growth rank near the bottom of Edmonton's leaderboard, overpricing will cost you time. The buyers are out there - Sherwood condos are among the most affordable in the city, ranking 195 out of 218 on price - but they have options and they know it.
Sherwood is a solid, established neighbourhood growing at 0.17% year over year. It is not the flashiest number on the leaderboard, but it is steady. And steady, in this market, is worth something.
sherwood | 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.