Question 1

What is the median sold price in Sylvan Lake?

Accepted Answer

The median sold price in Sylvan Lake is $390,000 based on 1,000 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 Sylvan Lake?

Accepted Answer

The average sold price in Sylvan Lake is $411,692. Note that the average ($411,692) is higher than the median ($390,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Sylvan Lake?

Accepted Answer

Home prices in Sylvan Lake range from $75,000 to $2,350,000 based on recent sales data. This $2,275,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Sylvan Lake selling above or below asking price?

Accepted Answer

On average, homes in Sylvan Lake are selling at 98.3% 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 Sylvan Lake?

Accepted Answer

Homes in Sylvan Lake are selling in an average of 60 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 Sylvan Lake?

Accepted Answer

The average price per square foot in Sylvan Lake is $327. 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 $654,000.

Question 7

How active is the real estate market in Sylvan Lake?

Accepted Answer

The Sylvan Lake market has seen 1,000 home sales over the past 2 years, with 224 properties currently for sale. The market shows balanced conditions between buyers and sellers.

Question 8

How many new listings are coming to market in Sylvan Lake?

Accepted Answer

There have been 65 new listings in Sylvan Lake during February 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in Sylvan Lake?

Accepted Answer

The most common property types selling in Sylvan Lake are: detached homes (550 sold, avg $489,681), townhouses (215 sold, avg $315,702), semi-detached homes (100 sold, avg $379,784). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Sylvan Lake?

Accepted Answer

Detached homes in Sylvan Lake are selling for an average of $489,681, with 550 sales over the past 2 years. The average price per square foot for detached homes is $361.

Question 11

How much do condos cost in Sylvan Lake?

Accepted Answer

Condos and apartments in Sylvan Lake are selling for an average of $270,239, with 98 sales over the past 2 years. Condos typically offer a more affordable entry point into the Sylvan Lake market.

Question 12

How much do townhouses cost in Sylvan Lake?

Accepted Answer

Townhouses in Sylvan Lake are selling for an average of $315,702, with 215 sales over the past 2 years. Townhouses often provide a middle ground between condo living and detached home ownership.

Question 13

Are home prices rising or falling in Sylvan Lake?

Accepted Answer

Home prices in Sylvan Lake have increased by 29.8% over the past 2 years. The average sold price moved from $350,078 to $454,563. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 14

Is Sylvan Lake a buyer's or seller's market?

Accepted Answer

Based on current data, Sylvan Lake is a balanced market. Homes are selling in 60 days on average and at 98.3% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 15

What percentage of homes sell above asking price in Sylvan Lake?

Accepted Answer

In Sylvan Lake, 14% of homes sold above asking price, while 72% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 16

What are the average property taxes in Sylvan Lake?

Accepted Answer

The average annual property tax in Sylvan Lake is $2,998, with a median of $2,892. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 17

What size homes are selling in Sylvan Lake?

Accepted Answer

Homes selling in Sylvan Lake range from 490 to 10,603 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 18

How much do home prices vary in Sylvan Lake?

Accepted Answer

Sylvan Lake shows moderate price diversity with a standard deviation of $173,049 around the average price of $411,692. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 19

Where can I find recently sold homes in Sylvan Lake?

Accepted Answer

You can view a comprehensive list of houses sold in Sylvan Lake right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 20

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 21

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Sylvan Lake.

Houses Sold in Sylvan Lake — See What Buyers Paid

Sylvan Lake Sold Data Overview

27 Recently Sold Homes in Sylvan Lake (Last 30 days • Updated February 24, 2026 at 3:08 PM)

What's Happening in Sylvan Lake Real Estate

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Neighbourhood Sold Data

Frequently Asked Questions

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