Devon Real Estate Market Update: July 2025

As we move through the summer of 2025, the Devon real estate market is showing some notable shifts compared to last year. July’s numbers paint a picture of increased buyer activity, a surge in new listings, and competitive yet balanced pricing. In this blog, we’ll break down all the latest statistics, explore what they mean for buyers and sellers, and highlight why Devon continues to be one of the Edmonton area’s best places to live.

Devon, Alberta continues to attract homebuyers looking for a perfect balance of small-town charm, community spirit, and easy access to the amenities of Edmonton. With its scenic river valley, walkable neighbourhoods, and strong local amenities, Devon remains a highly desirable location for families, retirees, and professionals alike.

July 2025 Key Market Highlights

From sales volumes to pricing trends, here’s how the Devon real estate market performed in July:

• Sold Properties: 18 homes (+20.00% from July 2024)
• Year-to-Date Sold Properties: 83 homes (-6.74% from 2024)
• Average Asking Price: $390,000 (+19.06% from July 2024)
• Year-to-Date Average Asking Price: $404,000 (+1.94% from 2024)
• New Listings: 23 homes (+91.67% from July 2024)
• Year-to-Date New Listings: 102 homes (+5.15% from 2024)
• Days on Market: 19 days (-17.39% from July 2024)
• Year-to-Date Days on Market: 31 days (-24.39% from 2024)
• Average Sale Price: $371,000 (-3.18% from July 2024)
• Year-to-Date Average Sale Price: $390,000 (-3.20% from 2024)
• Average Ask-to-Sell Ratio: 1.000 (-0.70% from July 2024)

Interactive bar graphs

Devon New  MLS® Listings

New Listings: Inventory Surges

July saw 23 new listings, a 91.67% increase compared to July 2024. This is one of the largest jumps we’ve seen in Devon’s recent monthly history. Year-to-date, 102 new listings have come to market, which is 5.15% higher than in 2024.

For buyers, this is great news — more inventory means more choice and less competition for each property. For sellers, it’s a reminder that pricing competitively and presenting your home well is essential in a market with more options.

Average List Price

In July 2025, the average asking price in Devon reached $390,000, marking a 19.06% increase compared to July 2024. This significant rise signals growing seller confidence and a belief that the market can sustain higher property values during the peak summer season. Year-to-date, the average asking price sits at $404,000, which is 1.94% higher than the same period last year. While this YTD increase is more modest, it still demonstrates steady value growth, suggesting that Devon remains a competitive market where quality homes are able to command strong prices.

Devon Home Sales

Sales Activity: Stronger Summer Demand

In July 2025, 18 homes were sold in Devon, representing a 20% increase from July 2024. This is a welcome boost in sales volume after a slower start to the year. While year-to-date totals still show an overall 6.74% decrease in sales compared to 2024, this jump in July suggests that the market is gaining momentum as we move through the busy summer season.

Summer is traditionally one of the most active times for real estate, as families look to move before the school year begins and the warmer weather makes buying and selling more convenient. This uptick is a sign that Devon remains competitive and in demand.

Average Sale Price

Average Sale Price: A Small Adjustment

While asking prices are up, the average sale price in July 2025 was $371,000, representing a 3.18% decrease from July 2024. Year-to-date, the average sale price is $390,000, down 3.20% from last year.

This small adjustment shows that while sellers are listing higher, buyers are still negotiating to reach fair market values. This balance can be healthy for the market, ensuring that neither side dominates negotiations.

Ask-to-Sell Ratio: Balanced Negotiations

Devon’s average ask-to-sell ratio in July 2025 was 1.000, meaning homes sold for exactly the asking price on average. While this is a slight 0.70% drop from July 2024, it still indicates a balanced market where buyers and sellers are meeting at fair values.

Year-to-date, the ratio sits at 1.003, slightly favouring sellers.

Average Days on Market

Days on Market: Homes Selling Faster

The average days on market in July 2025 dropped to 19 days, which is 17.39% faster than July 2024. Year-to-date, properties are selling in an average of 31 days, a 24.39% improvement compared to last year.

This shows that well-priced, well-presented homes are moving quickly. Even with more listings available, demand is strong enough to keep the selling timeline short.

Devon YTD Comparison – 2025 vs 2024

What This Means for Buyers

For buyers, July’s market offers both opportunity and urgency:

• More Inventory: The jump in new listings means more options and less chance of bidding wars.
• Still Competitive: Homes are selling faster, so buyers need to act decisively when they find the right property.
• Room for Negotiation: While sellers are confident, sale prices are slightly below asking prices, creating space for fair negotiations.

What This Means for Sellers

For sellers, July is a favourable month to list:

• Strong Activity: Sales are up 20% compared to last year, showing active demand.
• Quick Turnaround: Homes are selling in under three weeks on average.
• Price Carefully: While asking prices are up, sale prices have adjusted slightly, so strategic pricing remains essential.

Why Devon Remains a Top Choice

Even with some market fluctuations, Devon continues to shine as a desirable place to live. Its appeal comes from:

• Proximity to Edmonton: Quick commutes to the city and the airport.
• Beautiful Scenery: River valley trails, parks, and green spaces.
• Community Feel: Friendly neighbourhoods, local events, and a safe environment.
• Housing Variety: From starter homes to spacious family properties.

Looking Ahead

If the July momentum continues, Devon could see a strong finish to the summer market, with more sales activity and steady pricing. Buyers should remain ready to move quickly, and sellers should take advantage of the heightened seasonal demand.

Contact Information:
For personalized advice on buying or selling in Devon, contact Chris Reid, REALTOR® with Century 21 Leading, at (780) 717-5267.

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 would like more information on the Devon real estate market contact Chris Reid

Town of Devon Website