Stony Plain Real Estate Market Update | March 2025: Trends, Insights, and Opportunities

Stony Plain real estate market key factors that influence property values, the types of properties available, and the advantages of living in this growing community.

Stony Plain, a charming town located just west of Edmonton, offers a unique blend of small-town charm and urban amenities. The Stony Plain real estate market has been quite dynamic in recent years, and as we move into 2025, it continues to offer opportunities for both buyers and sellers. Whether you are a first-time homebuyer, investor, or looking to upgrade, staying informed about the local market trends is crucial.

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Stony Plain Real Estate – New MLS® Listings

New listings have seen a substantial rise in 2025, with a 30.43% increase in March compared to the same month last year. Year-to-date, new listings are up by 27.91%, indicating that sellers are more active and ready to capitalize on current market conditions.

Average Asking Price of Homes in Stony Plain

The average asking price for homes in Stony Plain saw a significant increase of 11.13% year-over-year, reaching $480K in March 2025. The YTD average asking price for 2025 is $529K, a marked increase from $425K in 2024. This price hike reflects growing demand in the area and increased interest in homes in this market.

Stony Plain Home Sales

In March 2025, there were 44 sold properties, which is a 6.38% decrease compared to March 2024. However, year-to-date (YTD) figures show a 3.67% increase in sold properties compared to last year. This suggests a steady demand for homes, despite a slight drop in monthly sales.

Average Home Sale Price

The average sale price in March 2025 was $378K, reflecting a 5.58% decrease from the previous year. However, when looking at the YTD data, there was a slight increase of 1.73% compared to the same period in 2024. This indicates some market volatility, with average sale prices fluctuating depending on the month.

Ask-to-Sell Ratio: The ask-to-sell ratio in Stony Plain remains strong, with a slight decrease of just 0.03% compared to last year. This ratio measures how close the final sale price is to the asking price, and a figure of 0.992 suggests that homes are generally selling near their asking price, further confirming a competitive market.

Average Days on Market

Homes in Stony Plain are selling faster this year, with the average number of days on the market decreasing by 45.57%. In March 2025, homes sold in an average of 43 days, compared to 78 days in March 2024. This sharp decline suggests that homes are being snapped up quickly, likely due to high demand and the competitive nature of the market.

Factors Influencing the Stony Plain Real Estate Market

Several factors contribute to the changes in the Stony Plain real estate market, and it’s important to understand how they work together to impact property values and buyer behaviour.

Economic Growth and Infrastructure Developments: Stony Plain has seen ongoing development in infrastructure and services, which has attracted both new residents and businesses. The town’s proximity to Edmonton has made it an attractive option for those looking for a quieter, more affordable alternative to city living while still being close to urban amenities.
Interest Rates: As with any real estate market, interest rates play a significant role in determining affordability. Over the past year, interest rates have fluctuated, which has caused some buyers to adjust their purchasing power. The Bank of Canada’s stance on interest rates will continue to have a direct impact on how much buyers are willing to pay for homes in Stony Plain.
Availability of Land and New Developments: Stony Plain offers a variety of housing options, from traditional single-family homes to newer developments. The availability of land and the potential for future developments are key drivers of the market, as new homes continue to be built to meet growing demand.
Quality of Life: The community of Stony Plain is known for its family-friendly environment, excellent schools, and access to recreational activities. These factors contribute to the town’s appeal, especially for young families and retirees. Additionally, Stony Plain’s small-town charm, combined with modern amenities, continues to attract those seeking a balanced lifestyle.

Real Estate Trends to Watch in 2025

Several real estate trends are expected to shape the Stony Plain market throughout 2025 and beyond. Here are some key trends that potential buyers and sellers should keep an eye on:

Increased Demand for Suburban Living: The trend of moving away from dense urban centers continues to drive demand for suburban and rural properties. Stony Plain, with its affordable housing options and close proximity to Edmonton, is positioned to benefit from this shift. Buyers who are looking for more space, larger yards, and a quieter lifestyle are increasingly turning to communities like Stony Plain.
First-Time Homebuyer Activity: As housing prices in Edmonton continue to rise, many first-time homebuyers are being priced out of the city. Stony Plain offers a more affordable entry point for buyers looking to purchase their first home. With increased listings and competitive pricing, 2025 could be a good year for first-time buyers to enter the market.
Luxury Homes and Acreages: Stony Plain is also becoming a popular destination for those seeking more luxurious properties, including large acreages and custom-built homes. The town’s increasing appeal to high-net-worth individuals seeking a more private and expansive lifestyle is expected to drive demand in this segment of the market.
Focus on Energy-Efficient and Sustainable Homes: As sustainability becomes more important to buyers, we expect to see a rise in the demand for energy-efficient homes in Stony Plain. Buyers are increasingly interested in homes that feature eco-friendly elements, such as solar panels, energy-efficient appliances, and sustainable construction materials.

Tips for Buyers in the Stony Plain Market

If you are considering buying in Stony Plain, here are a few tips to keep in mind as you navigate the market:

Work with a Local REALTOR®: A local real estate agent who understands the ins and outs of the Stony Plain market can help you find the right property at the right price. They can also provide insights into the local community, schools, and upcoming developments that may affect your investment.
Be Prepared to Act Quickly: With homes selling faster and demand on the rise, it’s important to be ready to make an offer as soon as you find a home you love. Get pre-approved for a mortgage and have your finances in order to make the process smoother.
Consider the Long-Term Investment: While the market may see some fluctuations, Stony Plain’s location and ongoing development make it a great long-term investment. Whether you are buying a starter home or a luxury property, consider how the area’s growth will affect property values in the future.

Tips for Sellers in the Stony Plain Market

For sellers looking to capitalize on the current market conditions, here are a few strategies to help your property stand out:

Price Your Home Competitively: While average sale prices have been rising, it’s important to price your home competitively to attract buyers. Work with your REALTOR® to determine a fair market value based on comparable properties in the area.
Stage Your Home for Success: A well-staged home can make a huge difference in how quickly it sells and the price you receive. Consider making small improvements, like fresh paint or updated landscaping, to enhance your home’s appeal.
Be Flexible with Showings: The faster homes are selling, the more competitive the market is. Being flexible with showing times and accommodating buyers’ schedules will increase your chances of selling quickly.

The Future of Stony Plain Real Estate

Stony Plain’s real estate market is poised for continued growth in 2025. With rising prices, more listings, and growing demand for suburban living, it’s an exciting time for both buyers and sellers in this vibrant town. Whether you are looking to buy or sell, understanding the local market trends and working with an experienced REALTOR® will help ensure that you make the most of your investment.

If you’re considering buying or selling in Stony Plain, contact Christina Reid, REALTOR®, for expert guidance and personalized service.

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 are considering buying or selling a home in Stony Plain or just want more information on the Stony Plain real estate market, CONTACT ME HERE.

Town of Stony Plain Website