Question 1

What is the median sold price in Village on the Lake?

Accepted Answer

The median sold price in Village on the Lake is $426,950 based on 40 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 Village on the Lake?

Accepted Answer

The average sold price in Village on the Lake is $443,445. Note that the average ($443,445) is higher than the median ($426,950), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Village on the Lake?

Accepted Answer

Home prices in Village on the Lake range from $250,000 to $902,000 based on recent sales data. This $652,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Village on the Lake selling above or below asking price?

Accepted Answer

On average, homes in Village on the Lake are selling at 100.1% of their asking price. This means homes are selling at or above asking price. Buyers should be prepared for competitive offers.

Question 5

How long do homes take to sell in Village on the Lake?

Accepted Answer

Homes in Village on the Lake are selling in an average of 73 days. This indicates a buyer's market with more negotiating power for purchasers. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Village on the Lake?

Accepted Answer

The average price per square foot in Village on the Lake is $301. 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 $602,000.

Question 7

How active is the real estate market in Village on the Lake?

Accepted Answer

The Village on the Lake market has seen 40 home sales over the past 2 years, with 2 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

What types of properties are selling in Village on the Lake?

Accepted Answer

The most common property types selling in Village on the Lake are: single family (33 sold, avg $477,979), condo (6 sold, avg $267,917), detached homes (1 sold, avg $357,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Village on the Lake?

Accepted Answer

Detached homes in Village on the Lake are selling for an average of $357,000, with 1 sales over the past 2 years. The average price per square foot for detached homes is $323.

Question 10

How much do condos cost in Village on the Lake?

Accepted Answer

Condos and apartments in Village on the Lake are selling for an average of $267,917, with 6 sales over the past 2 years. Condos typically offer a more affordable entry point into the Village on the Lake market.

Question 11

Are home prices rising or falling in Village on the Lake?

Accepted Answer

Home prices in Village on the Lake have increased by 28.2% over the past 2 years. The average sold price moved from $429,000 to $550,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 12

Is Village on the Lake a buyer's or seller's market?

Accepted Answer

Based on current data, Village on the Lake is a buyer's market. Homes are selling in 73 days on average and at 100.1% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 13

What percentage of homes sell above asking price in Village on the Lake?

Accepted Answer

In Village on the Lake, 40% of homes sold above asking price, while 57% sold below asking. This indicates a competitive market where bidding wars are common.

Question 14

What are the average property taxes in Village on the Lake?

Accepted Answer

The average annual property tax in Village on the Lake is $2,408, with a median of $2,408. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 15

What size homes are selling in Village on the Lake?

Accepted Answer

Homes selling in Village on the Lake range from 877 to 2,696 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 Village on the Lake?

Accepted Answer

Village on the Lake shows relatively consistent pricing with a standard deviation of $141,121 around the average price of $443,445. 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 Village on the Lake?

Accepted Answer

Simply search our Village on the Lake 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 Village on the Lake will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 19

Do you show all MLS® sold listings for Village on the Lake?

Accepted Answer

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

Village on the Lake Sold Prices & Sale History

Village on the Lake Sold Data Overview

4 Recently Sold Homes in Village on the Lake (Last 90 days • Updated February 24, 2026 at 2:56 PM)

Village on the Lake Price Trends & Sale Statistics

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Village on the Lake vs Sherwood Park

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