Question 1

What is the median sold price in Sherman Park?

Accepted Answer

The median sold price in Sherman Park is $140,000 based on 7 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Sherman Park?

Accepted Answer

The average sold price in Sherman Park is $167,000. Note that the average ($167,000) is higher than the median ($140,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Sherman Park?

Accepted Answer

Home prices in Sherman Park range from $15,000 to $395,000 based on recent sales data. This $380,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Sherman Park selling above or below asking price?

Accepted Answer

On average, homes in Sherman Park are selling at 95.2% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Sherman Park?

Accepted Answer

Homes in Sherman Park are selling in an average of 26 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Sherman Park?

Accepted Answer

The average price per square foot in Sherman Park is $361. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $722,000.

Question 7

How active is the real estate market in Sherman Park?

Accepted Answer

The Sherman Park market has seen 7 home sales over the past 2 years, with 1 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

What types of properties are selling in Sherman Park?

Accepted Answer

The most common property types selling in Sherman Park are: vacant lot (3 sold, avg $31,167), recreational (2 sold, avg $143,250), detached single family (2 sold, avg $394,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Sherman Park?

Accepted Answer

Detached homes in Sherman Park are selling for an average of $394,500, with 2 sales over the past 2 years.

Question 10

Are home prices rising or falling in Sherman Park?

Accepted Answer

Home prices in Sherman Park have increased by 161.7% over the past 2 years. The average sold price moved from $15,000 to $39,250. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 11

Is Sherman Park a buyer's or seller's market?

Accepted Answer

Based on current data, Sherman Park is a balanced market. Homes are selling in 26 days on average and at 95.2% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 12

What percentage of homes sell above asking price in Sherman Park?

Accepted Answer

In Sherman Park, 0% of homes sold above asking price, while 100% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 13

What are the average property taxes in Sherman Park?

Accepted Answer

The average annual property tax in Sherman Park is $1,059, with a median of $637. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 14

What size homes are selling in Sherman Park?

Accepted Answer

Homes selling in Sherman Park range from 336 to 1,310 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 15

How much do home prices vary in Sherman Park?

Accepted Answer

Sherman Park shows high price diversity with a standard deviation of $151,427 around the average price of $167,000. This wide range indicates a diverse market with options at many price points.

Question 16

How do I find out how much a house sold for in Sherman Park?

Accepted Answer

Simply search our Sherman Park sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 17

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Sherman Park will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 18

Do you show all MLS® sold listings for Sherman Park?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Sherman Park. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Recently Sold Homes in Sherman Park, Rural Camrose County

Sherman Park Sold Data Overview

Recently Sold in Sherman Park

Sherman Park Price Trends & Sale Statistics

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Sherman Park compare to Rural Camrose County?

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