South of Wye Road, Sherwood Park - October 2026 Real Estate Report
South of Wye Road, Sherwood Park: Here's What Your Home Is Actually Worth Right Now
If you own property in South of Wye Road and you're still relying on your last city assessment to know what it's worth, you're working with old news. The market has moved. Here's the real picture.
The Vibe: Houses vs. Condos - Two Very Different Stories
We've got a split market on our hands in South of Wye Road, and it matters which side of that split you're on.
On the house side, things are taking a breather. The average HonestDoor Price for houses sits at $1,062,950, down 1.70% from the previous period. That said, the predicted market value is nudging up to $1,081,300 - which is above the 3-month moving average of $1,061,900. So while the recent trend has dipped slightly, the forward-looking signal is pointing upward. The growth rank of 46 out of 51 neighbourhoods in Sherwood Park tells us houses here aren't leading the pack right now. That's worth knowing before you price.
- Average HonestDoor Price (Houses): $1,062,950
- Predicted Market Value: $1,081,300
- 3-Month Moving Average: $1,061,900
- Recent Price Change: -0.36%
- Estimated Monthly Rent: $4,310
- Rental Yield: 4.66%
- Airbnb Estimate: $212 per night
- Airbnb Rank in Sherwood Park: 22 out of 51
- Growth Rank: 46 out of 51 (bottom tier)
Condos are a completely different conversation. The average HonestDoor Price for condos in South of Wye Road is $3,536,600 - yes, that number is real. It has pulled back 6.73% from the previous period, but the predicted market value has climbed to $3,791,600, well above the 3-month moving average of $3,684,100. Recent price change is up 2.59%, and the growth rank is 7 out of 37 condo neighbourhoods in Sherwood Park. That puts us near the top of the leaderboard. Condo owners here are sitting on something the rest of Sherwood Park is watching.
- Average HonestDoor Price (Condos): $3,536,600
- Predicted Market Value: $3,791,600
- 3-Month Moving Average: $3,684,100
- Recent Price Change: +2.59%
- Estimated Monthly Rent: $11,400
- Rental Yield: 1.36%
- Airbnb Estimate: $535 per night
- Airbnb Rank in Sherwood Park: 5 out of 51
- Growth Rank: 7 out of 37 (top tier)
The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now
Here's the thing about government assessments - they are a snapshot from months ago, sometimes longer. They don't know that condo values in South of Wye Road are trending toward $3,791,600. They don't know that house predicted values are ticking above their moving average. That gap between what the city says your home is worth and what a buyer would actually pay today? That's money left on the table if you're not paying attention.
The HonestDoor Price is updated in real time. It pulls from actual market movement, not a calendar date. For condo owners especially, the difference between the assessment and the HonestDoor Price could be significant. Check it now - not when you're already in the middle of a deal.
For context, nearby neighbourhoods like Village on the Lake are averaging $523,702 and Sherwood Heights sits at $476,140 for houses. South of Wye Road houses at $1,062,950 are in a different weight class. That premium needs to be defended with current data, not last year's paperwork.
The So What: Thinking About Selling This Summer?
If you own a house here, the honest advice is this - the market isn't racing right now. A growth rank of 46 out of 51 means you need to be sharp on pricing. The predicted value is above the moving average, which is a green light, but you don't have the luxury of overpricing and waiting. Buyers are paying attention to value, and so should you. Get your HonestDoor Price, compare it to what your neighbours are listing at, and price with intention.
If you own a condo, summer could be your moment. A top-10 growth rank, a predicted value climbing above $3.7 million, and an Airbnb rank of 5 in all of Sherwood Park - that's a strong hand. Buyers looking at income-generating properties are going to notice this neighbourhood. The rental estimate of $11,400 per month is a number that gets attention in a listing.
Either way, the move is the same - know your real number before you make any decisions. Your HonestDoor Price is the starting point for that conversation.
south of wye road | sherwood park | 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.