Question 1

What is the median sold price in The Ridge (Sherwood Park)?

Accepted Answer

The median sold price in The Ridge (Sherwood Park) is $650,000 based on 68 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 The Ridge (Sherwood Park)?

Accepted Answer

The average sold price in The Ridge (Sherwood Park) is $660,422. Note that the average ($660,422) is higher than the median ($650,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in The Ridge (Sherwood Park)?

Accepted Answer

Home prices in The Ridge (Sherwood Park) range from $500,000 to $940,000 based on recent sales data. This $440,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in The Ridge (Sherwood Park) selling above or below asking price?

Accepted Answer

On average, homes in The Ridge (Sherwood Park) are selling at 99.7% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in The Ridge (Sherwood Park)?

Accepted Answer

Homes in The Ridge (Sherwood Park) are selling in an average of 17 days. This indicates a hot seller's market where homes sell very quickly. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in The Ridge (Sherwood Park)?

Accepted Answer

The average price per square foot in The Ridge (Sherwood Park) is $408. 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 $816,000.

Question 7

How active is the real estate market in The Ridge (Sherwood Park)?

Accepted Answer

The The Ridge (Sherwood Park) market has seen 68 home sales over the past 2 years, with 3 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

How many new listings are coming to market in The Ridge (Sherwood Park)?

Accepted Answer

There have been 1 new listings in The Ridge (Sherwood Park) during April 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in The Ridge (Sherwood Park)?

Accepted Answer

The most common property types selling in The Ridge (Sherwood Park) are: detached single family (62 sold, avg $668,896), condo (rae) (6 sold, avg $572,856). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in The Ridge (Sherwood Park)?

Accepted Answer

Detached homes in The Ridge (Sherwood Park) are selling for an average of $668,896, with 62 sales over the past 2 years.

Question 11

How much do condos cost in The Ridge (Sherwood Park)?

Accepted Answer

Condos and apartments in The Ridge (Sherwood Park) are selling for an average of $572,856, with 6 sales over the past 2 years. Condos typically offer a more affordable entry point into the The Ridge (Sherwood Park) market.

Question 12

Are home prices rising or falling in The Ridge (Sherwood Park)?

Accepted Answer

Home prices in The Ridge (Sherwood Park) have increased by 10.6% over the past 2 years. The average sold price moved from $614,667 to $680,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 13

Is The Ridge (Sherwood Park) a buyer's or seller's market?

Accepted Answer

Based on current data, The Ridge (Sherwood Park) is a seller's market. Homes are selling in 17 days on average and at 99.7% of asking price. Sellers can price confidently, while buyers should be prepared to act quickly and consider offering at or above asking price.

Question 14

What percentage of homes sell above asking price in The Ridge (Sherwood Park)?

Accepted Answer

In The Ridge (Sherwood Park), 38% of homes sold above asking price, while 56% sold below asking. This indicates a competitive market where bidding wars are common.

Question 15

What size homes are selling in The Ridge (Sherwood Park)?

Accepted Answer

Homes selling in The Ridge (Sherwood Park) range from 1,141 to 2,838 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 16

How much do home prices vary in The Ridge (Sherwood Park)?

Accepted Answer

The Ridge (Sherwood Park) shows relatively consistent pricing with a standard deviation of $97,112 around the average price of $660,422. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 17

How do I find out how much a house sold for in The Ridge (Sherwood Park)?

Accepted Answer

Simply search our The Ridge (Sherwood 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 18

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 The Ridge (Sherwood Park) will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 19

Do you show all MLS® sold listings for The Ridge (Sherwood Park)?

Accepted Answer

Our feed captures all MLS® listings sold page data available for The Ridge (Sherwood 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 The Ridge (Sherwood Park), Sherwood Park

The Ridge (Sherwood Park) Sold Data Overview

Recently Sold in The Ridge (Sherwood Park)

The Ridge (Sherwood Park) Price Trends & Sale Statistics

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does The Ridge (Sherwood Park) compare to Sherwood Park?

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