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Sherwood Park Real Estate Market Update: May 2025 Statistics
The Sherwood Park real estate market in May 2025 tells a compelling story: While the number of homes sold has decreased, property values have surged, indicating a unique mix of supply constraints and rising buyer demand. Whether you’re planning to buy, sell, or simply stay informed, this comprehensive update provides detailed insight into the current trends shaping Sherwood Park’s housing market.
📊 Key Sherwood Park Real Estate Statistics – May 2025
Let’s begin with a breakdown of the latest numbers and what they mean for buyers and sellers in the community.
| Metric | May 2025 | % Change (YoY) |
| Sold Properties | 141 | -16.07% |
| YTD Sold Properties | 588 | -7.69% |
| Average Asking Price | $508,000 | -0.63% |
| YTD Avg. Asking Price | $509,000 | +4.71% |
| New Listings | 205 | -4.65% |
| YTD New Listings | 781 | -1.64% |
| Days on Market | 25 days | -28.57% |
| YTD DOM | 33 days | -28.26% |
| Average Sale Price | $537,000 | +14.84% |
| YTD Avg. Sale Price | $496,000 | +8.04% |
| Average Ask to Sell Ratio | 1.013 | +1.12% |
Interactive bar graphs
Sherwood Park New MLS® Listings
🏘️ New Listings Slightly Down: A Tighter Inventory
May saw 205 new listings, a 4.65% decrease from the same time last year. Year-to-date, Sherwood Park has seen 781 new listings, which is 1.64% fewer than in 2024.
With fewer homes entering the market and faster selling times, inventory levels remain tight. This limited supply is a key factor in driving up home prices and increasing the competitiveness of the market.
🏷️ Ask Prices Are Stable – But Buyers Are Paying More
Interestingly, the average asking price in May was $508,000, a slight 0.63% decline from May 2024. However, the average sale price was higher, leading to an ask-to-sell ratio of 1.013. This means, on average, homes sold for 1.3% over asking price—a strong indicator of multiple-offer scenarios and bidding wars.
Sellers should take note: pricing your home strategically just below market value may generate more interest and competitive bids, resulting in a sale price that exceeds expectations.
Sherwood Park Home Sales
🏡 Sales Volume Declines
The most noticeable trend in the Sherwood Park real estate market for May 2025 is the decline in the number of properties sold, dropping by 16.07% compared to the same month last year. Year-to-date, 588 homes have sold, representing a 7.69% decrease over 2024.
While some might see declining sales as a negative indicator, it’s essential to understand this within the broader context: housing prices are on the rise. This divergence suggests the market is being driven by supply-side pressures—there are fewer homes available, but those that do sell are commanding significantly higher prices.
Average Sale Price
💵 Sharp Increase in Sale Prices Signals High Demand
In May 2025, the average sale price in Sherwood Park rose to $537,000, a 14.84% increase from May 2024. This is a substantial leap and illustrates that, despite fewer transactions, buyer demand remains strong and competitive.
When we look at the year-to-date figures, the average sale price sits at $496,000, up 8.04% from the same period last year. This consistent upward trajectory in property values points to ongoing buyer confidence and perceived value in the Sherwood Park community.
🏷️ Ask Prices Are Stable – But Buyers Are Paying More
Interestingly, the average asking price in May was $508,000, a slight 0.63% decline from May 2024. However, the average sale price was higher, leading to an ask-to-sell ratio of 1.013. This means, on average, homes sold for 1.3% over asking price—a strong indicator of multiple-offer scenarios and bidding wars.
Sellers should take note: pricing your home strategically just below market value may generate more interest and competitive bids, resulting in a sale price that exceeds expectations.
Average Days on Market
⌛ Homes Are Selling Faster
Homes in Sherwood Park are not only selling for more—they’re selling faster. The average days on market dropped to just 25 days in May, a significant 28.57% reduction year-over-year. Year-to-date, homes are selling within an average of 33 days, which is 28.26% faster than in 2024.
This rapid turnover highlights the urgency among buyers and the effectiveness of pricing strategies by sellers. Homes priced appropriately are receiving offers quickly, often at or above asking price.
🌟 What This Means for Buyers
Buyers looking in Sherwood Park need to be:
- Pre-approved and ready to act quickly: With homes selling fast, delays in financing can cost you the home.
- Prepared for competition: Be ready for potential bidding wars, especially for homes in prime neighbourhoods.
- Flexible on must-haves: Due to low inventory, the perfect home might be harder to find—prioritize needs vs. wants.
- Working with an expert local agent: In a competitive market, having professional guidance is essential to navigate negotiations and timelines.
💰 What This Means for Sellers
If you’re thinking of selling, now might be the perfect time. Here’s why:
- Higher prices: Homes are selling for more than ever, often above asking.
- Faster sales: The average time on market is down to 25 days.
- Strong buyer demand: Despite fewer sales, the competition among buyers remains high.
- Favourable market conditions: With limited inventory, sellers are in a strong position to negotiate on price and terms.
To maximize your return, ensure your home is well-presented, staged, and professionally marketed—and partner with a Realtor® who understands local trends.
📍 Neighbourhoods to Watch in Sherwood Park
While all of Sherwood Park benefits from its strong community vibe, some neighbourhoods continue to shine:
🌳 Lakeland Ridge
Popular among families due to its top-rated schools and parks, Lakeland Ridge offers a balanced mix of affordability and quality living.
🛍️ Emerald Hills
With nearby shopping centres and modern amenities, Emerald Hills continues to attract professionals and retirees alike.
🏞️ Heritage Hills
For those seeking mature lots, tree-lined streets, and a quiet environment, Heritage Hills is a consistent favourite.
🚸 Summerwood
Newer developments and proximity to major roads make this a hotspot for young families and first-time buyers.
🧭 Where Is the Market Headed?
Based on current trends, the Sherwood Park market is likely to remain robust throughout the summer of 2025. While sales volume may continue to decline slightly due to inventory shortages, prices are expected to remain strong or even continue increasing.
Interest rates, job market stability, and continued migration into the Greater Edmonton Area will all play a role in how the market evolves, but Sherwood Park remains one of the most resilient and desirable locations in the region.
🧠 Expert Tips for Navigating the 2025 Market
For Buyers:
- Don’t wait too long: Prices are rising, and homes are selling faster. Lock in a home before rates or values rise further.
- Expand your search: Consider homes just outside your preferred area or with potential for renovation.
- Get pre-approved: This gives you a competitive edge in multiple-offer situations.
For Sellers:
- Stage and declutter: A well-staged home can increase perceived value.
- Price smartly: A slight underpricing strategy can lead to higher sale prices through competition.
- Market widely: Use professional photos, virtual tours, and social media to reach more buyers.
🔚 Conclusion: Sherwood Park Remains a Smart Investment
In summary, May 2025 brought higher prices, faster sales, and tight inventory to the Sherwood Park real estate market. Despite a drop in overall sales volume, the market is tilted in favour of sellers, while buyers must act fast and be strategic.
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
