Devon Real Estate Market Update: January 2026

The Devon real estate market started 2026 with strong pricing, increased listing activity, and steady buyer demand. While sales volume dipped slightly compared to January 2025, the overall value of homes increased significantly — signalling a confident and active winter market.

Let’s break down what happened in Devon this January.

📊 January 2026 Market Snapshot

New construction activity in Devon remains steady, with two new homes selling in January. The average list price for new builds was $476,899, with prices ranging from $324,998 to $628,800. On the sold side, the average sale price came in at $476,283, with completed sales ranging between $330,666 and $621,900.

Notably, the median list and sale prices were nearly identical at approximately $476,000, indicating accurate pricing strategies from builders and strong alignment between buyer expectations and market value. With a total new construction sales volume of just over $952,000, this segment continues to contribute meaningful value to Devon’s overall housing market.

The close spread between list and sale price also reinforces that buyers remain confident in Devon’s new home product — particularly for move-up buyers seeking modern layouts, energy efficiency, and turnkey living.

Interactive bar graphs

Devon New  MLS® Listings

🏘️ New Listings Surge 160%

One of the most notable shifts in January was the increase in inventory. Devon saw 13 new listings, up 160% from January 2025, when only 5 homes came to market.

This increase signals renewed seller confidence heading into 2026. Homeowners are recognizing the strength in pricing and are preparing to capture early-year buyer demand.

More listings mean:

• More choice for buyers
• More competition for sellers
• A more balanced market overall

Average List Price

💲 Average Asking Price Jumps 61%

The average asking price reached $520,000, a remarkable 61.03% increase year-over-year.

This large increase suggests that:

• Higher-priced properties entered the market
• Sellers are confident in Devon’s long-term value
• The composition of listings has shifted toward larger or upgraded homes

This doesn’t necessarily mean every property jumped 61% in value — but it does show a shift in the price bracket of homes entering the market.

Devon Home Sales

📈 Sales Activity: Slight Dip, Still Healthy

Devon recorded 10 sales in January 2026, which is a 23.08% decrease compared to January 2025.

While that may sound concerning at first glance, January is historically a lower-volume month due to seasonality. A total of 10 sales in winter still represents healthy buyer activity — especially given the significant jump in pricing this month.

More importantly, the quality and price point of homes sold shifted upward, contributing to a stronger overall price performance.

Average Sale Price

💵 Average Sale Price Up 14.51%

Even more importantly, the average sale price rose to $496,000, up 14.51% compared to January 2025.

This confirms that buyers are willing to pay higher prices in Devon, even in the winter months. It also reinforces that Devon continues to attract motivated buyers — whether families relocating, move-up buyers, or investors.

Notably, homes sold for nearly their full asking price.

⚖️ Ask-to-Sell Ratio: Strong and Balanced

The ask-to-sell ratio came in at 0.995, meaning homes sold for 99.5% of their asking price — an improvement of 1.68% over last year.

This tells us:

• Buyers are not heavily discounting properties
• Sellers are pricing strategically
• Negotiations remain balanced

In short, this is not a distressed or declining market. It’s competitive — but fair.

Average Days on Market

⏱️ Days on Market Drop 42%

Homes took an average of 42 days to sell, which is a 42.47% improvement over January 2025, when homes were sitting for 73 days.

This is one of the most encouraging stats in the entire report.

Shorter days on market indicate:

• Buyers are making decisions faster
• Properly priced homes are attracting strong interest
• Market momentum is building earlier in the year

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

Town of Devon Website