Devon Real Estate Market Update: September 2025

The Devon real estate market is showing some interesting transitions. After a strong summer with rising asking prices and quicker selling times, the September 2025 data suggests a slight shift — with increased listings, more sales activity, and some softening in sale prices.

This month’s blog offers a full breakdown of the latest statistics from the REALTORS® Association of Edmonton. Whether you’re considering buying or selling in Devon this fall, the numbers provide important insights into what to expect and how to plan your next move.

Let’s dive into the numbers first.

📊 September 2025 Market Snapshot

Interactive bar graphs

Devon New  MLS® Listings

🏡 New Listings: Inventory Surges Heading into Fall

20 new homes hit the market in September, a 66.67% jump from the same month last year. This aligns with a growing trend among sellers looking to take advantage of late-season buyer activity before winter sets in.

Year-to-date, Devon has seen 138 new listings, which is a 16.95% increase compared to 2024. The expanded inventory offers welcome breathing room for buyers who may have felt limited earlier in the year. More choice, however, means sellers must now be more strategic in pricing and marketing their homes.

Average List Price

💲 Asking Price: Seller Optimism Remains Strong

In September 2025, the average asking price reached $414,000, up 5.36% from September 2024. This continued upward trend suggests that sellers still believe in the long-term strength of Devon’s real estate market.

On a year-to-date basis, the average asking price sits at $410,000, a 3% increase from 2024. This gradual growth supports Devon’s reputation as an appreciating market — one that balances affordability with strong investment potential.

Devon Home Sales

📈 Sales Activity: A Boost in Closings

Devon saw 11 properties sold in September, a 37.5% increase compared to the same month in 2024. This marks one of the strongest Septembers in recent memory, reflecting sustained buyer interest as we transition from summer to fall.

On a year-to-date basis, 109 homes have sold in 2025, which is a modest 1.87% increase from last year. While this might seem small, it’s significant when you consider that many Alberta submarkets have experienced a mild pullback in unit sales. Devon is clearly holding its own, thanks in part to consistent demand from young families, retirees, and Edmonton commuters seeking affordability and quality of life.

Average Sale Price

🔻 Sale Price: A Dip Despite Higher Listings

The average sale price in September 2025 was $372,000, an 8.74% decline from September 2024. This is the first notable price drop in several months and may be attributed to a combination of increased inventory and buyer negotiation power heading into the cooler months.

Still, the year-to-date sale price sits at $387,000, down only 3.13% from last year. While prices have softened, the downward movement appears modest and manageable — especially when viewed against the larger trend of increased listing and selling activity.

⚖️ Ask-to-Sell Ratio: Buyers Gaining Some Leverage

The ask-to-sell ratio dipped to 0.974 in September, meaning homes sold for about 97.4% of their asking price, down 3.14% from last year. This shift implies that buyers are negotiating more successfully — especially with more listings to choose from.

Year-to-date, however, the ratio remains steady at 0.996, nearly identical to 2024. The market is still functioning with balance, but sellers should be aware that slightly more competitive pricing may be necessary this fall.

Average Days on Market

⏱️ Days on Market: Homes Taking Slightly Longer to Sell

The average days on market in September was 21 days, which is 23.53% slower than in September 2024. While that might sound significant, homes are still selling within three weeks on average — a very healthy timeline by industry standards.

On a year-to-date basis, homes in Devon are selling in just 30 days, a 25% improvement over 2024’s 40-day average. This faster turnover is a positive signal for sellers looking for timely closings.

🎯 What This Means for Sellers

• Increased Competition: With more listings entering the market, sellers need to stand out.
• Strategic Pricing Is Key: Price reductions are more likely to attract offers quickly in a softening sales price environment.
• Homes Still Sell Fast: Despite a small monthly slowdown, homes continue to sell in under a month on average.
• Presentation Matters: With more options available to buyers, professional staging and photography can give your listing a critical edge.

💼 What This Means for Buyers

• More Listings = More Choice: Buyers can explore a wider range of options without the urgency seen earlier this year.
• Negotiation Power Has Improved: Sale prices are slightly down, and the ask-to-sell ratio favours buyers in many cases.
• Act Quickly on Well-Priced Homes: Despite more listings, desirable homes in good condition are still moving within three weeks.
• Get Pre-Approved: With sellers pricing higher but sales coming in lower, being pre-approved allows you to make fast, strong offers with confidence.

🏘️ Devon’s Ongoing Market Strength

Even with a mild cooling in sale prices, the Devon market continues to show resilience. Increased listings, stable asking prices, and consistent sales activity all point to a town that remains attractive to a diverse range of buyers. Devon’s appeal stems from:

• Proximity to Edmonton
• Affordable housing compared to city prices
• Excellent schools and parks
• Safe, walkable neighbourhoods
• A strong sense of community

Whether you’re downsizing, upsizing, relocating, or investing — Devon offers long-term value and exceptional lifestyle benefits.

🔮 Looking Ahead: Autumn Forecast

With more inventory entering the market and buyers becoming more selective, we expect to see a continued moderation in pricing through October and November. Sellers should prepare for longer selling timelines unless their homes are aggressively priced and well presented.

That said, Devon’s real estate fundamentals remain strong. Employment rates in the Edmonton region are stable, mortgage rates have levelled off, and there’s continued demand for homes in smaller communities with good access to city amenities.

📞 Ready to Buy or Sell in Devon?

Whether you're preparing to list your home or beginning your search for the perfect property, having an experienced, local REALTOR® can make all the difference.

📍 Chris Reid
🏠 Century 21 Leading
📞 (780) 717‑5267
📧 creid@chrisreidedmonton.com

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