Sherwood Park Real Estate Market Update: March 2025 Statistics

The Sherwood Park real estate market has shown strong growth despite some fluctuations in year-to-date numbers. In this blog, we’ll dive deep into the latest market trends, including sold properties, average sales prices, and the average number of days on the market, helping potential buyers and sellers navigate this dynamic real estate landscape.

Sherwood Park, located just east of Edmonton, continues to be one of the most sought-after communities for homebuyers in the Edmonton Metropolitan Region. Known for its family-friendly atmosphere, proximity to the city, and excellent schools and amenities, Sherwood Park remains a prime choice for those looking to live outside the hustle and bustle of downtown Edmonton but still want access to all the benefits of urban living.

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Sherwood Park New MLS® Listings

There were 174 new listings in March, consistent with the same number from 2024. The supply of homes remains steady, which supports the ongoing demand from buyers.

Average List Price

The average asking price for homes in Sherwood Park has risen by 9.58%, bringing the average asking price to $510,000. This is a strong indicator that sellers are gaining confidence, and the demand for homes is pushing prices higher.

Sherwood Park Home Sales

In March 2025, there were 143 sold properties, marking a 13.49% increase compared to March 2024. This indicates a positive growth trend in the number of homes sold, which is promising for both buyers and sellers in Sherwood Park.

Year-to-date sales show a slight decline of 3.29%, with 294 sold properties in 2025 compared to 304 in 2024. This minor dip might be attributed to seasonal factors or market adjustments but is not significant enough to cause concern in the broader market trend.

Average Sale Price

The average sale price for March 2025 stands at $491,000, marking a 5.38% increase compared to the previous year. Year-to-date, the average sale price has increased by 8.60% from $452,000 in 2024 to $491,000 in 2025.

Ask-to-Sell Ratio: The average ask-to-sell ratio stands at 1.023, a 3.53% increase from the previous year. This means homes are selling at a slightly higher price than the initial asking price, indicating strong demand and buyer willingness to pay a premium for properties in Sherwood Park.

Average Days on Market

One of the more notable trends is the reduction in the average days on market, which decreased by 19.51% from 38 days in 2024 to just 33 days in March 2025. This suggests that homes in Sherwood Park are selling faster, likely due to continued demand and a competitive market.

Why Is the Sherwood Park Market Hot Right Now?

Sherwood Park’s real estate market is driven by several factors that continue to make it an attractive destination for homebuyers.

Family-Oriented Community: Sherwood Park is known for its family-friendly environment, making it ideal for those looking to settle in a suburban community with excellent schools, parks, and recreational facilities. This contributes to a high demand for homes, especially in established neighbourhoods.
Proximity to Edmonton: Just a short 20-minute drive from downtown Edmonton, Sherwood Park provides easy access to the city’s business districts, cultural amenities, and entertainment options, making it a convenient location for professionals working in Edmonton who desire a quieter, suburban lifestyle.
Stable Economy and Growth: The economy in Sherwood Park is strong, with several key industries, including oil and gas, manufacturing, and retail, providing steady job opportunities. The area has seen consistent development, with new businesses, infrastructure projects, and amenities, which helps support the growth of the local housing market.
Quality of Life: With numerous parks, walking trails, and nearby golf courses, Sherwood Park offers a high quality of life. It is well-suited to individuals and families who value outdoor activities, green spaces, and a slower pace of life compared to the city.

What Buyers Need to Know About the Sherwood Park Market

For those looking to purchase a home in Sherwood Park, it’s important to keep a few things in mind:

Competitive Market: With a lower number of days on market, homes in Sherwood Park are selling faster, which means buyers need to be prepared to move quickly when they find a property they love.
Pricing Trends: With prices continuing to rise, buyers should be prepared for higher home costs. It’s essential to set a budget and work with a real estate agent to find homes that meet both your needs and your financial requirements.
Inventory Levels: While the number of new listings has remained steady, the competition can still be fierce, especially in sought-after neighbourhoods. Working with an experienced realtor can help buyers get ahead of new listings and avoid missing out on their ideal home.

What Sellers Can Expect in Sherwood Park

For sellers, the Sherwood Park market offers an excellent opportunity to maximize the value of their homes:

Strong Seller’s Market: With rising prices and properties selling faster, Sherwood Park remains a seller’s market, especially for well-priced homes in desirable locations. Sellers should consider pricing their homes competitively to attract buyers quickly and potentially drive multiple offers.
Increasing Home Values: As the average sale price has increased significantly in recent years, sellers can expect a good return on their investment, especially if their homes are in move-in-ready condition.
Quick Sales: The reduction in days on market means that sellers who price their homes competitively and present them well can expect faster sales. It’s important to work with a skilled real estate agent to ensure your home is marketed effectively to attract the right buyers.

Sherwood Park Neighbourhoods to Watch in 2025

Several neighbourhoods in Sherwood Park are gaining attention for their excellent value and amenities:

Lakeland Ridge: Known for its family-friendly atmosphere, parks, and top-rated schools, Lakeland Ridge remains one of the most popular areas for young families and first-time buyers.
Broadmoor: As one of the oldest neighbourhoods in Sherwood Park, Broadmoor offers larger homes on mature lots, attracting buyers looking for a more established area with easy access to shopping and recreation.
Summerwood: This newer neighbourhood features modern homes and is ideal for those seeking newer construction with access to amenities like shops, restaurants, and schools.

Conclusion

Sherwood Park continues to be a vibrant and growing community, with a real estate market that reflects its popularity. Whether you are looking to buy or sell, the current market trends suggest a great opportunity for both sides. As always, working with an experienced realtor like Christina Reid ensures that you have expert guidance every step of the way.

By staying informed and working with a skilled REALTOR®, you can navigate Sherwood Park’s evolving real estate landscape with confidence.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on the Sherwood Park real estate market contact Chris Reid

Strathcona County Website