09/05/2026
What Does an Average Price Really Tell Us? 📊
Average prices are useful, but they do not always show what the middle sale actually looked like.
Sherwood Park’s average detached sale price was $599,258 in August, while the median was $555,000. In St. Albert, the average was $625,434 and the median was $596,250.
That gap can happen when higher-priced properties pull the average upward.
Leduc and Fort Saskatchewan looked a little different. Their median detached prices were actually slightly higher than their averages:
Leduc: $518,529 average | $523,500 median
Fort Saskatchewan: $540,179 average | $541,625 median
This is why I treat an average price as a useful market indicator, not a direct estimate of what any individual home is worth.
The type and price range of homes sold that month matter. When pricing a specific property, recent comparable sales are still where the real work begins.
Curious what homes like yours are actually selling for? Send me a message.
Source: CREA / REALTORS® Association of Edmonton, August 2026.