Real Estate Stony Plain Statistics Market Update: November 2024 

The Stony Plain real estate market has shown robust growth and resilience throughout 2024, presenting a compelling narrative for both potential home buyers and investors. With its close proximity to Edmonton and its unique small-town charm, Stony Plain offers a mix of residential appeal and economic stability. Here, we delve deep into the market dynamics, analyzing year-to-date data, and projecting future trends.

Below Graphs Are Interactive

Stony Plain Real Estate – New MLS® Listings 

New listings in Stony Plain have also seen a positive trend, with 42 new properties hitting the market in 2024, up by 10.53% from 2023. The total number of new listings YTD reached 573, showing a modest increase of 4.37%. This growth in listings helps maintain a balance between buyer demand and available inventory, ensuring that the market does not tilt too heavily in favour of sellers and remains accessible for first-time buyers and investors.

Average Asking Price of Homes in Stony Plain

The average asking price for homes in Stony Plain has risen to $422,000 in 2024, which is a significant 28.76% increase from the previous year. This rise in asking prices indicates that homeowners are confident in the value of their properties and expect the market to sustain these valuations. Moreover, the historical data reveals a consistent growth in asking prices from $369,000 in 2023 to $405,000 in 2024, highlighting a stable appreciation in property values.

Stony Plain Home Sales

Stony Plain’s real estate market has experienced significant growth in 2024, with a noticeable increase in both the number of properties sold and the average sales prices. Year-to-date (YTD), the area saw 471 properties sold, marking a 28.34% increase compared to the previous year. This uptick in sales volume is indicative of a healthy demand, driven by the town’s attractive living conditions and strategic location.

Average Home Sale Price

The average selling price in November 2024 stood at $388,000, reflecting a substantial 26.93% increase from November 2023. The consistent rise in prices underscores a strong market where buyers are willing to invest more in their home purchases. This trend is supported by the YTD average sales price, which reached $379,000—a 9.03% rise from the previous year.

Ask-to-sell ratio in Stony Plain has slightly declined to 0.971 in 2024, down by 0.70% from the previous year. This slight dip might suggest that buyers are negotiating more aggressively amidst rising prices, yet the market remains predominantly seller-friendly, with most homes selling close to their asking price.

Average Days on Market

An important metric that reflects market health is the average days on market until sale, which stands at 62 days in 2024. This is a slight increase of 3.33% from the previous year. However, it is notably lower than the 66 days recorded in 2023, suggesting that while properties are taking slightly longer to sell this year, the overall pace of sales remains brisk, indicative of ongoing buyer interest and engagement.

The Stony Plain market is poised for continued growth, driven by its desirable location, growing community, and robust economic fundamentals. The data indicates a market that is gradually maturing, with sustainable growth in property values and sales volumes. For investors, Stony Plain offers a promising avenue for real estate investment, particularly in residential properties, given the steady increase in demand and property values.

For potential homebuyers, the market presents a variety of opportunities, from single-family homes to townhouses and condos, catering to different lifestyles and budgets. The town’s commitment to community development and quality of life makes it an attractive destination for families looking for a blend of suburban tranquility and urban accessibility.

In conclusion, the Stony Plain real estate market in 2024 has demonstrated significant growth and resilience. With its strong market fundamentals and continued demand, Stony Plain remains an appealing option for both real estate investors and prospective homeowners. As we look towards 2025, the market is expected to maintain its upward trajectory, reinforced by strategic developments and an influx of new residents attracted to its vibrant community and economic opportunities.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information. 

If you are considering buying or selling a home in Stony Plain or just want more information on the Stony Plain real estate market, CONTACT ME HERE.

Town of Stony Plain Website