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December 2024 Stony Plain Real Estate Sale Statistics
December 2024 Stony Plain, continues to be a prime location for homebuyers in Alberta. As we wrap up 2024, it’s clear that this town’s real estate market has shown remarkable growth and resilience. Whether you’re considering buying or selling, it’s important to understand the current trends and market dynamics to make an informed decision.
Below Graphs Are Interactive
Stony Plain Real Estate – New MLS® Listings
- December 2024: There were **27 new listings** in December, reflecting a 12.50% increase compared to the previous year. This increase in new listings indicates that more homeowners are willing to put their properties on the market, potentially due to favourable market conditions and rising home values.
- YTD 2024: There were a total of 610 new listings, which is a 6.09% increase over 2023. This steady rise in new listings helps ensure that buyers have more options to choose from, balancing the increased demand.
Average Asking Price of Homes in Stony Plain
- December 2024: The average asking price in Stony Plain was $451,000, a notable increase of 15.34% from December 2023. This rise in asking prices signals growing market confidence and higher home values in the area.
- YTD 2024: The average asking price reached $411,000, which is a 9.08% increase compared to 2023. This shows that home prices are on the rise, indicating a healthy and appreciating market.
December 2024 Stony Plain Home Sales
- December 2024: 37 properties were sold, marking a staggering 105.56% increase from the previous year. This surge indicates a rising demand for properties in Stony Plain, and it suggests that buyers are eager to invest in this community.
- Year-to-Date (YTD) 2024: There were 508 properties sold, which represents a 31.61% increase from 2023. This year-over-year growth reflects a strong trend of increasing buyer activity.
Average Home Sale Price
- December 2024: The average sale price for homes in Stony Plain was $343,000, which represents a 14.05% decrease from December 2023. This decline can be attributed to a mix of market conditions, such as an influx of more affordable homes entering the market.
- YTD 2024: The average sale price for the year was $377,000, which is a 7.45% increase compared to 2023. This shows that while prices fluctuated in December, the overall year was one of growth and rising property values.
Ask-to-Sell Ratio
- December 2024: The average ask-to-sell ratio was 98.2%, which is consistent with the previous year’s ratio of 98.8%. This indicates that sellers are generally receiving close to their asking prices, suggesting a relatively balanced market with strong demand.
- YTD 2024: The year-to-date ask-to-sell ratio was 98.9%, showing a slight improvement over the previous year, reflecting a strong market where sellers are getting near their asking prices for most homes.
Average Days on Market
- December 2024: Properties in Stony Plain are taking an average of 72 days to sell, which is a 12.50% increase compared to the previous year. This slight increase could be a result of the higher asking prices, meaning buyers may be taking more time to make their purchasing decisions.
- YTD 2024: Homes took an average of 53 days to sell, a 19.70% decrease from 2023. This suggests that while some properties may take longer to sell in December, the overall trend for 2024 was a faster-paced market, with homes selling more quickly throughout the year.
Why the Stony Plain Real Estate Market is Booming
Several factors contribute to the current boom in the Stony Plain real estate market. Let’s take a closer look at these drivers:
1. Proximity to Edmonton
Stony Plain offers the best of both worlds: the charm and tranquility of a small town, combined with close proximity to the city of Edmonton. Homebuyers looking to escape the hustle and bustle of the city often find Stony Plain to be a desirable alternative. Its convenient location, just 30 minutes from downtown Edmonton, makes it an ideal place for commuters who want to enjoy a quieter lifestyle without sacrificing easy access to the city’s amenities.
2. Affordability
Stony Plain continues to offer more affordable housing options compared to Edmonton and its surrounding areas. The average asking price in Stony Plain is significantly lower than in Edmonton, making it an attractive option for first-time homebuyers or those looking to downsize. As Edmonton’s housing prices increase, many buyers are turning to Stony Plain for more value-oriented options.
3. Community Appeal
Stony Plain is known for its tight-knit community and small-town atmosphere. It has a rich history and offers plenty of recreational opportunities for residents, including parks, walking trails, and community events. These factors make it an appealing place for families, retirees, and anyone looking for a more relaxed lifestyle.
4. Growth and Development
The town of Stony Plain is experiencing steady growth, with new businesses and developments springing up throughout the area. This growth is helping to increase demand for housing, as people are attracted by the expanding job opportunities and the potential for long-term investment. Furthermore, ongoing infrastructure improvements continue to enhance the town’s livability, making it even more attractive to potential buyers.
What This Means for Buyers and Sellers
For Buyers:
The Stony Plain real estate market offers exciting opportunities, but buyers should be prepared for competition, especially in the lower price range where demand is strong. The increase in asking prices and the low days on market indicate that properties are selling quickly, and buyers need to act fast to secure their ideal home. However, with a variety of options available and the town’s affordable pricing compared to Edmonton, buyers can still find great value in Stony Plain.
For Sellers:
Sellers in Stony Plain are in a favourable position, with rising home values and a strong ask-to-sell ratio. If you’re thinking of selling, now is an excellent time to take advantage of the market’s upward trend. With properties selling relatively quickly and close to asking prices, sellers can expect a smooth transaction if they price their homes competitively and make necessary updates to enhance their property’s appeal.
Stony Plain Market Outlook for 2025
Looking ahead to 2025, the Stony Plain real estate market is expected to remain strong. With steady population growth, a stable economy, and an appealing location near Edmonton, demand for properties in this area is likely to continue. Buyers and sellers alike can look forward to a competitive market with ample opportunities for those who are well-prepared.
Conclusion
Stony Plain’s real estate market in December 2024 shows promising signs of growth and activity, making it an ideal time for both buyers and sellers to explore their options. Whether you’re a first-time buyer, a growing family, or someone looking to downsize, Stony Plain offers a diverse range of housing opportunities. As always, it’s essential to stay informed and work with an experienced real estate professional to navigate the market successfully.
If you’re considering buying or selling in Stony Plain, contact Christina Reid, REALTOR®, for expert guidance and personalized service.
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.
