Question 1

What is the median sold price in Downtown?

Accepted Answer

The median sold price in Downtown is $274,900 based on 95 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 Downtown?

Accepted Answer

The average sold price in Downtown is $334,551. Note that the average ($334,551) is higher than the median ($274,900), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Downtown?

Accepted Answer

Home prices in Downtown range from $72,000 to $2,350,000 based on recent sales data. This $2,278,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Downtown selling above or below asking price?

Accepted Answer

On average, homes in Downtown are selling at 97.6% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Downtown?

Accepted Answer

Homes in Downtown are selling in an average of 29 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Downtown?

Accepted Answer

The average price per square foot in Downtown 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 Downtown?

Accepted Answer

The Downtown market has seen 95 home sales over the past 2 years, with 46 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How many new listings are coming to market in Downtown?

Accepted Answer

There have been 4 new listings in Downtown during August 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in Downtown?

Accepted Answer

The most common property types selling in Downtown are: lowrise apartment (38 sold, avg $357,569), townhouse (26 sold, avg $274,954), detached single family (20 sold, avg $379,525). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Downtown?

Accepted Answer

Detached homes in Downtown are selling for an average of $379,525, with 20 sales over the past 2 years.

Question 11

How much do condos cost in Downtown?

Accepted Answer

Condos and apartments in Downtown are selling for an average of $357,569, with 38 sales over the past 2 years. Condos typically offer a more affordable entry point into the Downtown market.

Question 12

How much do townhouses cost in Downtown?

Accepted Answer

Townhouses in Downtown are selling for an average of $274,954, with 26 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 Downtown?

Accepted Answer

Home prices in Downtown have increased by 11.3% over the past 2 years. The average sold price moved from $275,000 to $306,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 14

Is Downtown a buyer's or seller's market?

Accepted Answer

Based on current data, Downtown is a slight seller's market. Homes are selling in 29 days on average and at 97.6% of asking price. Sellers have an advantage, but buyers can still find opportunities with well-crafted offers.

Question 15

What percentage of homes sell above asking price in Downtown?

Accepted Answer

In Downtown, 11% of homes sold above asking price, while 79% 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 Downtown?

Accepted Answer

The average annual property tax in Downtown is $2,524, with a median of $2,257. 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 Downtown?

Accepted Answer

Homes selling in Downtown range from 551 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 Downtown?

Accepted Answer

Downtown shows high price diversity with a standard deviation of $240,419 around the average price of $334,551. This wide range indicates a diverse market with options at many price points.

Question 19

How do I find out how much a house sold for in Downtown?

Accepted Answer

Simply search our Downtown 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 20

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 Downtown will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 21

Do you show all MLS® sold listings for Downtown?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Downtown. 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 Downtown, Sylvan Lake

Downtown Sold Data Overview

Recently Sold in Downtown

Curious what your home is worth in Downtown?

Downtown Price Trends & Sale Statistics

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Condo carrying costsn=38 condo sales (last 2y)

How does Downtown compare to Sylvan Lake?

More neighbourhoods in Sylvan Lake

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