Question 1

What is the median sold price in Lakeland Ridge?

Accepted Answer

The median sold price in Lakeland Ridge is $513,000 based on 235 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 Lakeland Ridge?

Accepted Answer

The average sold price in Lakeland Ridge is $478,574. Note that the average ($478,574) is lower than the median ($513,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Lakeland Ridge?

Accepted Answer

Home prices in Lakeland Ridge range from $170,000 to $980,000 based on recent sales data. This $810,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Lakeland Ridge selling above or below asking price?

Accepted Answer

On average, homes in Lakeland Ridge are selling at 100.2% 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 Lakeland Ridge?

Accepted Answer

Homes in Lakeland Ridge are selling in an average of 16 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 Lakeland Ridge?

Accepted Answer

The average price per square foot in Lakeland Ridge is $308. 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 $616,000.

Question 7

How active is the real estate market in Lakeland Ridge?

Accepted Answer

The Lakeland Ridge market has seen 235 home sales over the past 2 years, with 26 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 Lakeland Ridge?

Accepted Answer

There have been 11 new listings in Lakeland Ridge 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 Lakeland Ridge?

Accepted Answer

The most common property types selling in Lakeland Ridge are: detached single family (149 sold, avg $589,111), condo (rae) (86 sold, avg $287,063). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Lakeland Ridge?

Accepted Answer

Detached homes in Lakeland Ridge are selling for an average of $589,111, with 149 sales over the past 2 years.

Question 11

How much do condos cost in Lakeland Ridge?

Accepted Answer

Condos and apartments in Lakeland Ridge are selling for an average of $287,063, with 86 sales over the past 2 years. Condos typically offer a more affordable entry point into the Lakeland Ridge market.

Question 12

Are home prices rising or falling in Lakeland Ridge?

Accepted Answer

Home prices in Lakeland Ridge have increased by 60.2% over the past 2 years. The average sold price moved from $442,450 to $709,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 13

Is Lakeland Ridge a buyer's or seller's market?

Accepted Answer

Based on current data, Lakeland Ridge is a seller's market. Homes are selling in 16 days on average and at 100.2% 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 Lakeland Ridge?

Accepted Answer

In Lakeland Ridge, 41% of homes sold above asking price, while 52% sold below asking. This indicates a competitive market where bidding wars are common.

Question 15

What size homes are selling in Lakeland Ridge?

Accepted Answer

Homes selling in Lakeland Ridge range from 635 to 3,491 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 Lakeland Ridge?

Accepted Answer

Lakeland Ridge shows relatively consistent pricing with a standard deviation of $178,456 around the average price of $478,574. 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 Lakeland Ridge?

Accepted Answer

Simply search our Lakeland Ridge 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 Lakeland Ridge will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 19

Do you show all MLS® sold listings for Lakeland Ridge?

Accepted Answer

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

Just Sold: Lakeland Ridge Home Prices

Lakeland Ridge Sold Data Overview

Recently Sold in Lakeland Ridge

Sold Data & Market Statistics for Lakeland Ridge

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Lakeland Ridge compare to Sherwood Park?

More neighbourhoods in Sherwood Park

Frequently Asked Questions

Sign up to see what homes actually sold for