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.
