Sherwood Park Real Estate Market Update: July 2025 Statistics

The July 2025 Sherwood Park real estate market data paints a picture of a vibrant, competitive market. Prices are trending upward, homes are selling quickly, and new listings are entering the market to meet demand—although overall sales volume for the year is still slightly down from 2024.

Sherwood Park remains one of the most in-demand communities in the Edmonton Metropolitan Region. With its excellent schools, strong sense of community, abundant parks, and close proximity to Edmonton, the area continues to attract buyers from across Alberta and beyond.

📊 Key Sherwood Park Market Statistics – July 2025

Interactive bar graphs

Sherwood Park New  MLS® Listings

July saw 201 new listings, a 14.86% increase over July 2024.

Year-to-date, there have been 1127 listings, almost the same as last year (-0.53%). While new inventory is coming onto the market, much of it is being absorbed quickly by eager buyers, especially in the $450K–$550K range.

Average Asking Price

💰 Home Prices Surge Higher

The most notable trend in Sherwood Park this month is the sharp rise in prices.

Average Asking Price: At $545,000, the average asking price for July 2025 is 14.78% higher than July 2024. This indicates strong seller confidence and reflects the value buyers are placing on homes in this community.

Sherwood Park Home Sales

🏡 Sales Activity – A Stable July

Sherwood Park recorded 158 home sales in July 2025, almost identical to the 157 sales in July 2024, marking a slight 0.64% increase year-over-year.

While monthly sales have stayed stable, year-to-date sales are down 6.51%, with 876 properties sold so far in 2025 compared to 937 at this time in 2024. This drop is likely due to tight inventory in certain price segments and rising interest rates earlier in the year that may have slowed some buyer activity.

Average Sale Price

Average Sale Price: The average sale price hit $519,000, which is 6.04% higher than last year.

Year-to-Date Pricing: Looking at the year as a whole so far, the average sale price of $511,000 represents a 7.94% increase compared to the same period in 2024.

🔍 Ask-to-Sell Ratio – Slight Dip but Still Strong

The ask-to-sell ratio in July 2025 was 1.003, meaning most homes sold almost exactly at their asking price, with some even selling slightly above.

While this is a 0.12% drop from last year’s July figure, the year-to-date ratio of 1.012 remains higher than in 2024, reinforcing that buyers are still competitive in their offers.

Average Days on Market

⌛ Homes Are Selling Faster

Speed is a defining characteristic of the Sherwood Park market right now:

• In July 2025, the average days on market was just 25 days, a 13.79% reduction from last year.
• Year-to-date, homes are selling in an average of 29 days, compared to 41 days in 2024—a significant 29.27% faster.

This means well-priced homes are often selling within a few weeks, and sometimes in less than a week if they’re in high-demand neighbourhoods or price ranges.

📋 Year-to-Date Comparison: Sherwood Park Real Estate Market (2024 vs 2025)

📈 Market Interpretation – What These Numbers Mean

For Buyers:

• Competition is still high: Homes are selling quickly and close to asking price.
• Act fast: With only 25 days on market, buyers need to be pre-approved and ready to make strong offers.
• Be realistic: Prices are higher than last year, so budget accordingly.

For Sellers:

• It’s still a great time to list: Price growth and quick sales create favourable conditions.
• Presentation matters: Homes in good condition sell faster and for higher prices.
• Strategic pricing works: Overpricing can slow down offers, while competitive pricing can lead to bidding situations.

🔮 Looking Ahead

Given the steady demand and rising prices, Sherwood Park is likely to maintain strong market conditions for the rest of 2025. The pace of sales may slow slightly into fall, but low days on market and steady price growth suggest stability.

The only factor that could ease competition would be a significant increase in new inventory—something to watch for in the coming months.

📞 Thinking of Buying or Selling in Sherwood Park?

Whether you’re looking to find your dream home or sell your current one for top value, local expertise matters. With the current market’s fast pace and competitive pricing, having an experienced Sherwood Park Realtor® is essential.

📲 Contact Christina Reid at 780-717-5267 today for expert advice on navigating the Sherwood Park real estate market.

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