SHERWOOD LAKE Housing Report – Spring 2025 | Topeka KS Real Estate Trends
The real estate market in Sherwood Lake, Topeka continues to show healthy activity this spring, making it an ideal time for homeowners to stay informed. Whether you're thinking about selling or simply keeping an eye on your home's value, understanding local trends can help you make confident decisions. This report breaks down what’s happening in the neighborhood, from sales activity to buyer preferences, and what it all means if you’re considering a move.

SHERWOOD LAKE HOUSING MARKET OVERVIEW
Over the past 12l months, Sherwood Lake has seen encouraging movement in its housing market. While the exact number of homes sold and full pricing breakdowns are still being reviewed from the latest dataset, what’s clear is that buyer interest remains steady. Homes in the area continue to sell at competitive prices, with modern upgrades and strategic pricing playing a key role.
Currently, 4 homes are active on the market and 4 are under contract, signaling a balanced mix of inventory and buyer activity. The average price per square foot for active listings is around $181, which is trending higher than the $168 average for recent sales., which suggests sellers are optimistic about the market—but also highlights the importance of realistic pricing if you want to avoid extended days on market.
When comparing days on market, active listings are averaging 36 days, while recently sold homes averaged 27 days. Notably, homes that sold at their original list price closed in just 13 days on average, while those that needed a price adjustment lingered on the market for about 32 days.. The takeaway? Pricing your home right the first time can make a major difference.

HOW PRICING AFFECTS DAYS ON MARKET IN SHERWOOD LAKE
Accurate pricing continues to be one of the most important factors in a home’s success on the market. In Sherwood Lake, homes that were listed close to their true market value sold much faster than those that were overpriced initially. Sellers who needed to make price reductions often saw longer marketing periods, sometimes by weeks. Working with a local expert can help you avoid the guesswork and attract serious buyers from day one.

SHERWOOD LAKE REAL ESTATE PRICES BY HOME STYLE
Buyers in Sherwood Lake have a variety of home styles to choose from. Here’s how different styles are performing:

• Ranch: Average price $412,180, approx. $164 per sq ft
• 2-Story: Average price $350,000, approx. $148 per sq ft
• 1.5-Story: Average price $436,000, approx. $132 per sq ft
• Split-Level: Average price $335,000, approx. $204 per sq ft

Ranch-style homes remain a favorite for many buyers due to their single-level living and open layouts, but demand is strong across several property types depending on features, age, and updates.

HOW GARAGE CAPACITY AFFECTS HOME VALUE IN SHERWOOD LAKE
Garage space continues to be a key value factor for buyers in Sherwood Lake. Homes with more garage capacity tend to command higher prices, especially among buyers who prioritize storage and vehicle space. Here's how pricing breaks down based on garage count:

• 1-car garage: Average price $335,000
• 2-car garage: Average price $421,641
• 3-car garage or more: Average price $477,118

Buyers see garage capacity as more than just parking—it’s often considered essential space for storage, hobbies, or even home gyms. If you have a larger garage, that could be a selling advantage.

THINKING OF SELLING IN SHERWOOD LAKE? HERE’S HOW TEAM RINGGOLD CAN HELP
If you're thinking about selling your home in Sherwood Lake, now is a great time to explore your options. Team Ringgold offers free, customized home value estimates, so you can understand what your property is worth in today's market.
With decades of experience in the Topeka real estate market, Team Ringgold delivers local expertise, a smooth selling process, and a strategy tailored to your goals. Whether you're downsizing, relocating, or just testing the waters, we're here to guide you from start to finish.
Reach out today for a no-pressure consultation. Let us help you unlock your home's potential with a plan that works for you.

SHERWOOD PARK Housing Report – Spring 2025 | Topeka KS Real Estate Trends

The housing market in Sherwood Park, Topeka continues to reflect steady activity and growing demand. With buyers actively exploring the neighborhood and sellers receiving competitive offers, staying informed about real estate trends has never been more valuable. Whether you're planning to sell soon or simply want to monitor your home's value, this local update provides the insight you need to navigate the market confidently.

SHERWOOD PARK HOUSING MARKET OVERVIEW

The housing market in Sherwood Park, Topeka has shown consistent strength, with 17 homes sold in recent months. The average sale price came in at $426,093, while the median sale price was $392,500. Homes spent an average of 27 days on the market, demonstrating that well-priced listings continue to move efficiently. On average, homes offered about 2,528 square feet of finished living space, and the price per square foot was approximately $168.

Ranch-style homes remain the most common in Sherwood Park, often favored for their layout and accessibility. Properties ranged in build year from 1998 to 2025, creating a mix of mature homes and newer construction. As of this update, 4 homes are currently active and 4 are under contract, reinforcing the neighborhood's balanced and appealing real estate landscape. This report reflects activity over the past 12 months, providing a year-long perspective of trends in Sherwood Park.

Currently active listings are averaging about $181 per square foot, which is higher than the $168 average for sold listings, showing that sellers are aiming higher—though time on market may be impacted. In fact, active listings are averaging 36 days on market, compared to 27 days for recently sold homes.

Additionally, homes that sold at their original list price averaged just 13 days on market, while those that required a price change before selling stayed listed an average of 32 days. These stats further emphasize the power of pricing your home correctly right from the start.

Ranch-style homes remain the most common in Sherwood Park, often favored for their layout and accessibility. Properties ranged in build year from 1998 to 2025, creating a mix of mature homes and newer construction. As of this update, 4 homes are currently active and 4 are under contract, reinforcing the neighborhood's balanced and appealing real estate landscape. This report reflects activity over the past 12 months, providing a year-long perspective of trends in Sherwood Park.

HOW PRICING AFFECTS DAYS ON MARKET IN SHERWOOD PARK

In Sherwood Park, strategic pricing continues to play a key role in how quickly homes sell. Properties listed at market value based on comparable sales tended to sell within just a few days, while those priced too high sat longer and often required reductions before finding a buyer. Sellers who align their list price with current demand benefit from faster sales and stronger offers, making pricing guidance a crucial part of the listing process.

SHERWOOD PARK REAL ESTATE PRICES BY HOME STYLE

Homebuyers in Sherwood Park can choose from a range of architectural styles, each offering different price points and values:

• Ranch: Average price $412,180, approx. $164 per square foot
• 2-Story: Average price $350,000, approx. $148 per square foot
• 1.5-Story: Average price $436,000, approx. $132 per square foot
• Split-Level: Average price $335,000, approx. $204 per square foot

Each style has its appeal, but Ranch homes continue to dominate the local market due to their single-level convenience and broad buyer interest.

HOW GARAGE CAPACITY AFFECTS HOME VALUE IN SHERWOOD PARK

Garage capacity plays a noticeable role in determining home value in Sherwood Park, Topeka. Homes with larger garage capacities tend to attract more interest from buyers looking for space, convenience, and functionality—particularly among families and homeowners with multiple vehicles. This added utility often translates into stronger resale values. Based on recent sales:

• 1-car garage: Average price $335,000
• 2-car garage: Average price $421,641
• 3-car garage (or more): Average price $477,118

If you’re asking, “Does a 3-car garage add value in Sherwood Park?”—the numbers make it clear. Larger garage capacity can lead to higher sale prices, particularly when paired with larger floorplans or newer construction.

THINKING OF SELLING IN SHERWOOD PARK? HERE’S HOW TEAM RINGGOLD CAN HELP

If you're a Sherwood Park homeowner and you're thinking about selling, Team Ringgold is here to help. We provide free, personalized home value estimates using the latest data specific to your property and location.

With over 30 years of experience in the Topeka real estate market, our full-time professionals bring unmatched local knowledge and smooth, proven systems to every transaction. From customized pricing strategies to expert negotiations, our team is ready to deliver real results.

Contact Team Ringgold today for a personal consultation. We’ll help you make informed decisions and take the next step with confidence.

According to the National Association of REALTORS^®, Kansas has seen a 51.1% increase in home prices since the 1st quarter of 2020. While that’s an impressive number, I initially thought it didn’t fully reflect our local market in Topeka, as cities like Kansas City and Wichita tend to skew the data.

In Shawnee County, the average sales price for a home in Q1 2020 was $143,850, and by the end of 2024, it rose to $216,719—a 50.7% increase!

The takeaway? It was an opportune time to buy a home to benefit from property appreciation in 2020. The second-best time is NOW! Don’t wait to invest in your future—let’s talk about how Team Ringgold can help you make the most of this incredible market.

Message us today to get started!

#TopekaRealEstate #TeamRinggold #MarketInsights #HomeAppreciation #InvestInRealEstate

Embarking on a substantial home renovation project can indeed be a formidable undertaking, particularly for those new to the real estate investing game. In this article, I'll dissect the intricate stages involved in completing a home renovation from inception to completion, equipping you with the knowledge and confidence needed to tackle your next fixer-upper like a seasoned pro.

Step 1: Strategic Planning

Successful renovation endeavors start with a well-thought-out strategy. Begin by assessing the project's scope, but don't stop there. Convene a strategic meeting with your chosen contractor to gain their valuable insights and finalize your renovation roadmap. Delve into essential aspects like repair methodologies and potential layout alterations. If you've enlisted a dedicated contractor, leverage their expertise to streamline project management, as they liaise with other specialists and keep you informed. This would most likely happen before purchasing the property as you would need to do this to come up with a budget.

Step 2: Define the Project and Get Materials

Once your project's scope is crystal clear, and you’ve got the property bought, collaborate with your contractor to draft a meticulous schedule, often a prerequisite for lenders. This schedule should detail the sequence of tasks. I would recommend working out a payment plan for your contractor to be paid after each part of the project is done. Also, depending on your business I would also supply the material myself, this would negate upfront material bills the contractor would produce and I know I’m not getting up charged for material.

Step 3: Demolition

Drawing from experience, prioritize demolition as an initial step. Arrange for a dumpster, assemble a skilled crew, and efficiently clear the site of debris, encompassing kitchen and bathroom fixtures, drop ceilings, paneling, and flooring. This decisive cleanup lays the groundwork for a smoother renovation journey. Decide at this point what flooring needs to be removed along with trim and doors.

Step 4: Exterior Enhancement

Shift your focus to the home's exterior, commencing with the roof to safeguard the interior from the elements. Concurrently, consider upgrading windows and siding. Don’t overlook the lawn or shrubs; many times I’ve had to remove obnoxious weeds and bushes from properties and their fence lines. Promptly completing these tasks can attract positive attention from neighbors and passersby, enhancing the property's curb appeal. If you have a couple different crews working on the property this can also be done at the same time as the interior. Start early so you have extra time in case of weather delays.

Step 5: Electrical, Plumbing, and HVAC

After demolition you will have a blank slate to work with and possibly some open walls. Get the utilities turned on and check for leaks or other issues. Make any repairs or changes before you get to the drywall repair. HVAC is important because it can be expensive. If there is repair needed that wasn’t budgeted, get this done and figure out what future project you can cut out of the budget. It’ll also be advantageous and more comfortable to have working HVAC for the remainder of the project.

Step 6: Structural and Subfloor Work

Address structural concerns, which may entail replacing deteriorated wood, erecting new walls, or demolishing existing ones. Pay particular attention to areas intertwined with plumbing and electrical systems.

Step 7: Bathtubs, Vanities, Cabinets

Now is a great time to install your new cabinets, vanities, bathtubs, and showers. Keep the protective films on the new cabinet to keep them from getting damaged. If you are ordering counter tops now is a good time to have the company out to measure as it could take a couple weeks for delivery and install.

Step 8: Drywall Mastery

With major systems in place, shift your focus to drywall installation. Evaluate the condition of existing walls and decide whether replacement or patchwork is necessary. Make note of any walls that have wallpaper or paneling that still needs to be removed and be prepared for additional drywall work on those, as they could be damaged and you just can’t see it yet. A meticulously executed drywall job can breathe new life into an aging property. Don’t skimp on your drywall contractor. Paint cannot cover up a bad drywall job, and could hurt your overall value.

Step 9: The Art of Painting

With drywall complete, it's time to paint. Apply primer or an initial coat to the walls, rectifying any imperfections before applying two final coats. This phase plays a pivotal role in transforming the property's appearance. Don’t forget to paint any trim, baseboards, or doors that need updating.

Step 10: Flooring

If your changing the floors, now that paint is done you can lay your floor. LVP flooring makes it quick and easy to change the floors in any home. Don’t over look transitions, or stairs that may also be needed.

Step 11: The Finishing Touch

This is the finishing touches, encompassing meticulous details such as outlets, switch plates, mirrors, blinds, drawer hardware, door handles, closet rods, and light fixtures. A flawlessly executed punch out phase is essential for elevating your renovation to the highest standard.

Step 12: The Grand Finale

Time to get your finished property sparkling: mop the floors, wipe down walls, cabinets, trim. Clean the windows. If you're supplying appliances get them installed and make sure they work. Test all the light fixtures and make sure all the doors and windows open and close smoothly.

Step 13: Marketing Mastery

Upon completing the renovation, embark on a strategic marketing campaign. Timing is key, and it's generally advisable to showcase the fully renovated property to potential buyers or renters. Something that is overlooked by real estate investors is photos. HIRE a professional to take photos of the place to use in your marketing.

By diligently following these steps, you'll confidently navigate the intricate world of real estate renovation, transforming your fixer-upper into a market-ready gem that stands out in the competitive landscape. After going through this a couple of times you will build a habit of the process and make your real estate investing more efficient and more profitable.

Real Estate agents are a dime a dozen! There are so many options out there and it's more than likely that you know more than one. Not all agents are the same and when it comes to handling buying or selling real estate you don't want an ameture that will end up costing you more money, or loosing you a deal all together. We recommend that you interview 2-3 agents before choosing who you will work with. Here are the top 3 questions that you should ask to make sure you are getting an experienced agent that you can trust!   #topeka #topekaks #topekarealtor #realestate #budgeting #realtor #buyahome #closingcosts #buyingahome #topekaagent #buyahome #buildwealth #investing #investment #invest #equity #rental #rentalproperty

This is an exciting time for home sellers. Most houses are selling within just a couple days on the market and buyers are fighting to get their offers accepted. It's important to slow down and really evaluate the offers that you have before make a decision.   #topeka #topekaks #topekarealtor #realestate #budgeting #realtor #sellingahome #sellmyhome #closingcosts #buyingahome #topekaagent #buyahome #buildwealth #investing #investment #invest #equity #rental #rentalproperty

Foreclosure is not a problem you can ignore and it will just go away. Be proactive and find a solution to save your home, your equity, and your credit!