Real Estate Market Update | Sherwood Park (YTD Aug 15th, 2025)

A Look at 2025 Real Estate Trends

Hey Sherwood Park neighbors! Our neighborhood has a little bit of everything—Ranch, 1.5-story, and 2-story homes—and that mix is part of what makes it special. We pulled the 2025 year-to-date numbers to see what homes are selling for, how quickly they’re moving, and the trends worth watching. It’s a simple way to understand how today’s market could be shaping your home’s value. Take a peek at the update, and if you’d like a quick, no-pressure value check for your place, we’re happy to help.

Average Home Prices by Style

Sherwood Park has Ranch, 1.5 Story, and 2 Story homes. Below are the average sold prices for homes sold in 2025, by style. For homes still listed or under contract, we used asking prices if sold prices weren’t available, but we focused on sold homes for accuracy.

• Ranch: $413,750 (22 sold homes)
• 1.5 Story: $370,000 (1 sold home)
• 2 Story: $400,000 (1 sold home)

Note: Only one 1.5 Story and one 2 Story home sold, so those prices might not show the full trend. Ranch homes are the most common in Sherwood Park.

Average Days on Market by Style

How long homes take to sell shows buyer interest. Here’s the average time homes stayed on the market before selling or going under contract, by style:

• Ranch: 24.5 days (22 sold homes)
• 1.5 Story: 13 days (1 sold home)
• 2 Story: 2 days (1 sold home)

Ranch homes take longer to sell on average than 1.5 Story or 2 Story homes, but there are more Ranch homes, which could affect the average.

Price Reductions and Days on Market

Does lowering the price help sell a home faster? We compared homes that sold at their original price to those with a price reduction (where the original price was higher than the final asking or sold price).

• Homes with Price Reductions (7 homes):
  • Average days on market: 35.7 days
  • Average price cut: $16,771
  • Example: A Ranch home listed at $490,000, dropped to $470,000, and sold for $450,000 after 65 days.
• Homes without Price Reductions (17 homes):
  • Average days on market: 14.5 days
  • These homes sold at or near their original price, showing that pricing right attracts buyers faster.

Key Point: Homes with price reductions took over twice as long to sell (35.7 days vs. 14.5 days). Setting the right price from the start leads to faster sales in Sherwood Park.

Other Trends for Homeowners

Here are some extra insights from the data for Sherwood Park homeowners:

• Price Per Square Foot: Ranch homes average $229 per square foot (above-grade area), while 2 Story homes are about $215 per square foot. 2 Story homes might be a better deal for buyers wanting more space, but they’re rare in the data.
• Newer Homes Sell Faster: Homes built in 2023-2025 (5 sold) took 21.8 days to sell, compared to 25.6 days for homes built before 2023 (19 sold). Newer homes seem to sell quicker.
• Seller Contributions: Some sellers paid buyer costs, averaging $3,412 for those who did. This might cover repairs or closing costs to help the sale.

What This Means

Here’s a quick look at the market:

• Fast Sellers: Ranch homes under $400,000, especially newer ones, sell in about two weeks if priced right.
• Slower Sellers: Homes over $450,000 or those needing price cuts take over a month.
• Good Deals: 2 Story homes might cost less per square foot, but they’re not common in Sherwood Park.

Conclusion

Sherwood Park’s 2025 real estate market shows Ranch homes are the most common, but pricing them right is key to selling fast. Newer homes sell quicker, and homes with price cuts take longer to sell. This data impacts your home’s value, so homeowners should know their home’s worth before making decisions.

For personalized advice on the Sherwood Park real estate market, reach out to Team Ringgold @ Keller Williams One Legacy Partners. Whether you're thinking about making a move or simply want an updated value for your home, our team is here to help—give us a call today!