Homesteads, Stony Plain - August 2026 Real Estate Report

Homesteads, Stony Plain: Your Neighbour Just Got More Than List Price. Here Is What Is Actually Going On.

The Vibe Right Now

If you have been watching the "For Sale" signs in Homesteads lately, here is the short version: houses are holding strong, and condos are a different story entirely. Let us break it down so you know exactly where you stand.

Houses - Sellers Are Winning

The house market in Homesteads is doing something most neighbourhoods in Stony Plain would envy. The one home that sold recently went for $475,000 - and here is the kicker - it sold at 103.26% of the asking price. That means the buyer paid above list. In a market where a lot of sellers are cutting prices to get deals done, that is a real signal.

• Average sale price: $475,000
• Current listings averaging: $460,000
• Price per square foot: $381
• Average days on market: 20 days
• Sold-to-list ratio: 103.26% - buyers paid over asking
• HonestDoor Price: $453,880 (up 2.59% from last period)
• Rental estimate: $2,325 per month
• Rental yield: 5.74% - that is a strong return

Twenty days on market is quick. Homes are not sitting. And compared to nearby Brookview, where the average sold price sits at $425,000, Homesteads houses are commanding a premium. We are ranked 10th out of 31 neighbourhoods in Stony Plain for price - that puts us solidly above average.

On the leaderboard, our growth rate ranks 14th out of 39 neighbourhoods in Stony Plain. That is above average. Not top of the pack, but well ahead of the middle. Days-on-market ranks 11th out of 23 - meaning homes here sell moderately fast compared to the rest of the city.

Condos - Taking a Breather

The condo picture in Homesteads is more complicated, and we should be honest about it. The one condo that sold went for $162,000 - and it sold at 99.08% of list, meaning the buyer got a slight discount. That is a buyers' market signal. It sat on the market for 58 days, which is longer than nearby Stonegate Place at 44 days.

• Average sale price: $162,000
• Current listings averaging: $163,500
• Price per square foot: $217
• Average days on market: 58 days
• Sold-to-list ratio: 99.08% - buyers negotiated a discount
• HonestDoor Price: $770,523 (up 1.58% from last period)
• Rental estimate: $2,568 per month
• Rental yield: 3.94% - moderate returns

The condo growth rate ranks 28th out of 33 neighbourhoods in Stony Plain. That puts condos near the bottom of the local leaderboard right now. Values have shifted by -3.69% recently, and the predicted market value of $758,521 is trending below the 3-month moving average of $768,531. The market is cooling here, and pricing strategy matters a lot if you are thinking about selling.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is something most homeowners in Homesteads do not realize. Your city assessment is a snapshot from months ago - sometimes over a year old by the time it lands in your mailbox. It does not know that a house down the street just sold above asking. It does not track what buyers are actually paying right now.

The HonestDoor Price is updated in real time using actual sales data. For houses in Homesteads, that number sits at $453,880 - up 2.59% from the previous period. That is the number a buyer's agent is looking at when they walk through your door. Your tax assessment is not. If you are making any decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is the real-world check you need - not a government document that is already out of date.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Homesteads and you have been on the fence about listing this summer, the data is giving you a green light. Buyers are paying over asking. Homes are moving in 20 days. We are above average in both price and growth rank compared to the rest of Stony Plain. Supply is tight - only one sale in the recent period - which means a well-priced listing has very little competition right now.

If you own a condo, the conversation is different. You can still sell, but pricing it right from day one is critical. At 58 days on market and a sold-to-list ratio under 100%, buyers have leverage. Coming in sharp on price - rather than testing the market high and dropping later - is the move that gets you to the finish line faster.

Either way, pull your HonestDoor Price before you call an agent. Walk into that conversation knowing your number, not guessing at it.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.