Summerwood, Sherwood Park - October 2026 Real Estate Report
Summerwood, Sherwood Park: What Your Neighbours Are Not Telling You About Home Prices Right Now
If you live in Summerwood and you have been quietly wondering whether your home is worth more or less than it was a few months ago, you are not alone. The market here is sending mixed signals, and the honest answer is: it depends on what you own. Let us break it down.
The Vibe: Houses vs. Condos
Houses - Strong Prices, But the Clock Is Ticking
If you own a house in Summerwood, the headline number looks good. The average sale price is sitting at $632,287, which is up 19.1% from last month. That is a big jump. But before you pop the champagne, here is the context: only 24 houses sold, which is down 20% from the month before. Fewer sales with higher prices usually means we are seeing a short burst, not a sustained run.
Homes are sitting on the market for an average of 36 days. That is longer than Aspen Trails next door, where houses are moving in 30 days. The market is not stalled, but it is taking a breather. Buyers are also negotiating - homes are selling at 98.83% of list price, so expect to give a little ground if you want to close.
- Average house sale price: $632,287 (up 19.1% from last month)
- Average list price this month: $636,601
- Price per square foot: $366
- Properties sold: 24 (down 20% from last month)
- Average days on market: 36
- Sale-to-list ratio: 98.83%
- Predicted market value: $636,405
- Estimated monthly rent: $3,046
- Rental yield: 5.37%
- Neighbourhood leaderboard - Growth rank: 42 out of 51 in Sherwood Park
- Neighbourhood leaderboard - Price rank: 15 out of 32 in Sherwood Park (above average)
That growth rank is worth paying attention to. Sitting at 42 out of 51 neighbourhoods in Sherwood Park puts Summerwood houses near the bottom of the leaderboard for price growth right now. The price itself is above average for the area, but the momentum is not there yet. If you are a landlord or thinking about it, that 5.37% rental yield is genuinely solid and worth more of your attention than the growth rank.
Condos - A Different Story Altogether
We have to be straight with you here. The condo picture in Summerwood is more complicated. The HonestDoor Price for condos is averaging $2,052,631, which is up 6.97% - but the actual recent sale prices are telling a different story at $311,060, down 0.9% from last month. That gap between the HonestDoor Price and recent sales reflects a small number of transactions (only 6 sold this month) and a wide range of property types in the mix.
Condos are taking 64 days to sell on average. Compare that to Emerald Hills where condos move in 41 days, and you can see we are on the slower end. The predicted market value is also trending down, sitting at $1,918,841 against a 3-month moving average of $1,978,168. The market is cooling here, and the data is pretty clear about it.
- Average condo sale price: $311,060 (down 0.9% from last month)
- Average list price this month: $276,502
- Price per square foot: $254
- Properties sold: 6 (up 20% from last month)
- Average days on market: 64
- Sale-to-list ratio: 98.15%
- Predicted market value: $1,918,841
- Estimated monthly rent: $6,060
- Rental yield: 2.95%
- Neighbourhood leaderboard - Growth rank: 32 out of 37 in Sherwood Park
- Neighbourhood leaderboard - Price rank: 15 out of 21 in Sherwood Park (below average)
The rental yield on condos is 2.95%, which is moderate at best. If you are holding a condo here as an investment, the numbers are not working as hard for you as they could be in other parts of Sherwood Park.
The Secret Sauce: Why You Should Check Your HonestDoor Price Right Now
Here is the thing about your city assessment - it is a snapshot from the past. The province sets it once a year based on old data, and by the time it lands in your mailbox, the market has already moved. In a neighbourhood like Summerwood, where house prices just jumped 19.1% in a single month, that assessment could be significantly behind what your home is actually worth today.
The HonestDoor Price is updated in real time using actual transaction data. It is not a guess and it is not a government formula built on last year's numbers. Right now, the average HonestDoor Price for houses in Summerwood is $626,011. For condos, it is $2,052,631. Those numbers move as the market moves. Your tax assessment does not.
If you are thinking about refinancing, selling, or just want to know where you actually stand - your HonestDoor Price is the real-world check that your assessment simply cannot give you. Go look it up before you make any decisions.
The So What: Should You Sell in Summerwood This Summer?
If you own a house, the short answer is: the window is open, but it is not wide open. Prices are up and buyers are active, but the growth rank of 42 out of 51 tells us Summerwood is not leading the pack in Sherwood Park right now. You will likely get a strong price - above average for the area - but do not expect a bidding war. Price it right, expect 36 days on market, and be ready to negotiate a small amount off your list price.
Summerwood also holds the number 1 spot for total transactions in Sherwood Park with 137 sales in 2026. That means buyers know this neighbourhood. It is active and it is on the radar. That is a real advantage when you are trying to sell.
If you own a condo, this summer is trickier. Prices are drifting down, days on market are long, and the growth rank puts Summerwood condos near the bottom of the Sherwood Park leaderboard. If you do not need to sell right now, waiting for the market to stabilize is a reasonable call. If you do need to move, price aggressively from day one - sitting at 64 days on market is expensive in carrying costs and negotiating leverage.
Either way, the first step is the same: check your HonestDoor Price at honestdoor.com, see where you actually stand today, and make your decision based on real numbers - not last year's assessment.
summerwood | 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.