Devon Real Estate Market Update: October 2025

As the fall market hits full swing in Devon, October 2025 has brought another month of strong activity, significant pricing shifts, and record-setting stats. For homeowners, buyers, and investors watching the trends, this month’s data reveals a competitive yet evolving landscape.

Below is a full breakdown of what happened in the Devon real estate market in October, including month-over-month changes, year-to-date comparisons, and what it all means for your buying or selling plans this season.

📊 October 2025 Market Summary

Interactive bar graphs

Devon New  MLS® Listings

🏘️ New Listings: Sellers Are Active

October also saw 16 new listings, up 33.33% from last year. This brings the total number of listings so far in 2025 to 154, which is an 18.46% increase over 2024.

This is good news for buyers: while demand remains healthy, the increased supply may lead to better choice, fewer bidding wars, and more favourable negotiating conditions as we move into the slower winter months.

Average List Price

💵 Asking Prices: Strong Confidence from Sellers

The average asking price in October was $442,000, a 14.80% increase compared to October 2024. Year-to-date, the average list price is $413,000, up 4.08% from last year.

This shows continued optimism from sellers, likely driven by strong summer sales, increased buyer activity, and confidence in Devon’s long-term growth. Even with higher asking prices, buyers appear willing to engage — as shown by the next stat.

Devon Home Sales

🔍 Property Sales: Volume Surges in October

Devon saw 10 homes sold in October 2025, which marks a 66.67% increase from October 2024. This jump in activity reflects strong fall demand, possibly from buyers who postponed their purchase over the summer or are trying to secure a home before winter sets in.

On a year-to-date basis, 119 homes have sold in Devon in 2025, which is 5.31% more than the same time last year — a strong performance, especially considering many surrounding markets in Alberta have seen flat or declining numbers.

Average Sale Price

💰 Sale Prices: Buyers Meet Sellers Closer to Expectations

The average sale price in October was $428,000, an impressive 9.87% increase year-over-year. This is the highest monthly average so far in 2025 and suggests that buyers were willing to pay more in October, especially for well-presented homes.

That said, the year-to-date sale price sits at $390,000, which is 2.14% lower than last year’s YTD average of $399,000. This gap shows that while October was a standout month, earlier months in 2025 included more lower-priced sales, keeping the annual average slightly lower.

⚖️ Ask-to-Sell Ratio: A Slight Dip, Still Balanced

In October, the average ask-to-sell ratio dropped slightly to 0.992, meaning homes sold for 99.2% of their list price. This is a 0.99% decrease from October 2024.

Year-to-date, the ratio is holding steady at 0.996, showing that most homes are still selling very close to asking. The small drop this month may reflect higher list prices and more negotiation room as buyer choice increases.

Average Days on Market

⏱️ Days on Market: A Major Spike in October

This month’s most dramatic shift was in days on market, which jumped to 65 days, a 983.33% increase from October 2024’s 6-day average.

While that number might seem alarming at first glance, it’s important to note:

• It likely reflects a few outlier properties that sat unsold for extended periods.
• The year-to-date average is still just 33 days, which is 13.16% faster than last year’s 38 days.

The October spike is more of an anomaly than a trend — but it does signal that not all listings are moving quickly, especially if they are priced too high or lack staging and marketing.

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

Town of Devon Website