Sherwood Park Real Estate Market Update: March 2025 Statistics

The Sherwood Park real estate market has seen some mixed trends in April 2025. Despite slight decreases in sales and new listings, the average sales price has increased, showing continued strength in the market

Sherwood Park continues to be one of Edmonton’s most desirable suburban communities. With its excellent schools, vibrant parks, and close proximity to the city, it’s no wonder that so many people are looking to call this charming community home. In this post, we’ll dive into the current real estate trends for Sherwood Park, analyzing key statistics such as property sales, price trends, and market dynamics to help you stay ahead of the curve.

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Sherwood Park New  MLS® Listings

There were 164 new listings in April, which marks a 1.80% decrease from the previous year. However, the total number of new listings year-to-date remains relatively stable, showing no major changes in the overall availability of homes.

Average List Price

The average asking price for homes in Sherwood Park has seen a 0.57% increase to $485,000. Year-to-date, the average asking price is $510,000, showing a significant 6.87% increase from last year. This price increase indicates ongoing demand for homes in Sherwood Park.

Sherwood Park Home Sales

In April 2025, 154 properties were sold, which is a 6.67% decrease compared to April 2024. This indicates a slight cooling in the number of homes sold, likely due to seasonal factors or a shift in market conditions.

Year-to-Date Sales: Year-to-date figures reveal that there have been 447 sold properties in 2025, a 4.69% decrease from the 469 properties sold during the same period in 2024. While there has been a decrease, the market is still relatively stable with healthy activity.

Average Sale Price

The average sale price for homes in April 2025 was $468,000, which represents a 1.16% increase compared to the previous year. Year-to-date, the average sale price is $483,000, a 5.93% increase from 2024. These price gains indicate that homes are retaining their value, even with slightly fewer sales.

Ask-to-Sell Ratio: The average ask-to-sell ratio in April 2025 is 1.013, a 1.56% increase from the previous year. This means that, on average, homes are selling slightly above the asking price, signalling continued demand and competitiveness among buyers.

Average Days on Market

Homes in Sherwood Park are selling faster, with the average days on market decreasing by 21.05% from 35 days in 2024 to just 30 days in April 2025. This shorter time on the market reflects continued buyer demand in the area.

Why Sherwood Park Continues to Thrive

Sherwood Park’s real estate market remains strong due to several factors:

1. Proximity to Edmonton: Located just minutes away from downtown Edmonton, Sherwood Park offers an easy commute for professionals while still providing the peace and tranquility of suburban living. This makes it a popular choice for individuals and families who want to escape the hustle and bustle of the city without losing access to urban amenities.
2. Family-Friendly Environment: Sherwood Park is known for its excellent schools, safe neighborhoods, and an abundance of parks and recreational spaces. It’s a community where families can thrive, making it a top choice for buyers with children.
3. Strong Community Amenities: The area boasts a variety of shopping, dining, and entertainment options, as well as easy access to the Anthony Henday and major highways. The combination of convenience and quality of life has made Sherwood Park one of the most desirable areas to live in the Edmonton region.
4. Continued Growth and Development: Sherwood Park is experiencing ongoing growth, with new residential, commercial, and recreational developments enhancing the community’s appeal. These developments continue to attract new buyers looking for modern amenities and a dynamic environment.

What Buyers Need to Know

If you’re looking to buy in Sherwood Park, here are a few key points to consider:

• Competitive Market: With a decrease in the number of sold properties, competition among buyers remains relatively fierce. Be prepared to act quickly when you find the perfect home, as Sherwood Park homes are selling faster than ever before.
• Pricing Trends: While asking prices are up, the market is still competitive, and it’s important to set a realistic budget and understand your financing options. Rising prices may mean you’ll have to stretch your budget or consider a different home type or location.
• Inventory Levels: Although the number of new listings has decreased slightly, there are still plenty of homes available in Sherwood Park. However, as inventory continues to decrease and demand remains high, the market could shift further toward a seller’s market, making it harder to find the right home at the right price.

What Sellers Can Expect

For those looking to sell their homes in Sherwood Park, the market offers great opportunities, especially if you’re priced right:

• Rising Prices: The average sale price has continued to rise, meaning that sellers can expect to receive more for their homes compared to last year. However, it’s important to price your home competitively to attract potential buyers.
• Faster Sales: With fewer days on the market, sellers who price their homes appropriately can expect to sell quickly. This is great news for those looking to make a move and get the best price for their property.
• Seller’s Market: Despite the slight decrease in overall sales, the reduced days on market and increased prices suggest a favourable environment for sellers. It’s an excellent time to list your home if you’re ready to take advantage of the high demand.

Sherwood Park continues to be a strong and desirable real estate market in the Edmonton region. Despite slight fluctuations in the number of sales and new listings, the market remains competitive with increasing prices and shorter selling times. Whether you are looking to buy or sell, working with an experienced realtor can help you navigate this dynamic market and ensure you make informed decisions.

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