Devon Real Estate Market Update: November 2025

As we approach the final month of the year, the Devon real estate market continues to show remarkable strength — even as many surrounding communities begin their seasonal slowdown. The November 2025 market statistics reveal a surge in sales activity, impressive price growth, and year-to-date numbers that outperform 2024 in almost every category.

If you’re planning to buy or sell this winter or in early 2026, understanding these trends can give you a strategic advantage. Let’s break down the numbers and what they mean for Devon’s housing market.

📊 November 2025 Market Summary

Interactive bar graphs

Devon New  MLS® Listings

🏘️ Listings Holding Steady

The number of new listings in November remained flat at 6, the same as last year. This means that although demand is rising, supply has not kept pace — which could tighten competition heading into December.

Year-to-date, Devon has recorded 160 new listings, a 17.65% increase from the 136 listings seen by this time in 2024. This is a healthy growth in inventory, giving buyers more choice, but it also means sellers need to be sharp with pricing and presentation to stand out.

Average List Price

💰 Asking Price Reaches Record Levels

November saw a significant spike in the average asking price, which reached $543,000, up 18.87% from last November — the highest monthly average for 2025.

YTD, the average list price sits at $418,000, up 4.57% year-over-year. This upward movement indicates seller confidence and suggests that homeowners are recognizing the long-term value of their properties.

Devon Home Sales

📈 Sales Activity Surges

In a surprising but welcome turn, 11 homes sold in November 2025, which is a 175% increase over November 2024. This strong off-season performance suggests that buyer motivation remains high despite rising interest rates and colder weather.

On a year-to-date basis, 130 homes have sold, compared to 117 last year — a solid 11.11% increase. This growth confirms that Devon continues to attract families, professionals, and investors looking for affordability and lifestyle balance near Edmonton.

Average Sale Price

💵 Sale Price Surges Alongside Demand

The average sale price in November climbed to $414,000, a 25.11% increase over November 2024. This aligns with the jump in buyer activity and suggests that higher-priced homes are selling, or that multiple-offer situations may be driving prices up.

However, year-to-date, the average sale price is $392,000, down slightly from $396,000 in 2024 (a 1.05% decrease). This discrepancy is likely due to earlier months with more modest sales. Still, the recent strength in pricing signals a positive trend heading into year-end.

⚖️ Ask-to-Sell Ratio Dips Slightly

In November 2025, homes sold for 97.0% of their asking price, down from 100.9% last year — a 3.88% decline. This suggests buyers are negotiating more successfully and that sellers may need to be more flexible in price, especially with higher list expectations.

Year-to-date, the ratio is 0.994, just below last year’s 0.996. While small, this change reinforces the importance of strategic pricing — particularly with higher inventory and cautious buyers.

Average Days on Market

⏱️ Days on Market: Longer Time to Sell in November

Homes took 38 days to sell on average in November, up 137.5% from 16 days last year. While this seems like a dramatic jump, it may reflect a few higher-end properties that took longer to sell — or buyers taking more time with decisions in the slower season.

Still, YTD average DOM is just 33 days, an improvement from 37 days in 2024. Overall, homes in Devon are still moving at a healthy pace.

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

Town of Devon Website