Homesteads, Stony Plain - October 2026 Real Estate Report
Homesteads, Stony Plain: Your Neighbour Just Got More Than List Price. Here's the Full Story.
If you own a home in Homesteads and you haven't checked your property value lately, you're probably working off a number that's already out of date. Here's what's actually happening on our streets right now.
The Vibe: Houses vs. Condos in Homesteads
We've got two very different stories playing out in Homesteads depending on what you own, so let's break them down honestly.
Houses - A Sellers' Market With Real Teeth
The headline for houses is hard to ignore. The one home that sold here recently went for 103.26% of its list price. That means the buyer paid above asking. In a market where a lot of Alberta neighbourhoods are seeing buyers push back, that's a meaningful signal for us.
- Average HonestDoor Price: $450,439 (up 3.79% from the previous period)
- Average sale price: $475,000
- Current listings averaging: $460,000
- Price per square foot: $381
- Average days on market: 20
- Estimated monthly rent: $2,309
- Airbnb estimate: $115 per night
Twenty days on market is quick. That's not a home sitting and collecting dust - that's a home getting shown, getting offers, and getting sold. The predicted market value sits at $434,000 right now, which is slightly below the 3-month moving average of $443,429. So values have dipped a touch recently, down 4.38% in the short term. Worth watching, but not worth panicking over.
On the neighbourhood leaderboard, houses in Homesteads rank 29 out of 37 for growth in Stony Plain - below average for price appreciation right now. But flip to the price rank and we sit at 11 out of 31, which puts us above average in terms of what homes here are actually worth compared to the rest of the city. We're a higher-value neighbourhood even if the growth pace has cooled a bit.
Compared to nearby Brookview, where the average sale price is $402,000, Homesteads houses are commanding a solid premium. St Andrews comes closest to us at an HonestDoor Price of $438,059, but we're still ahead.
Condos - A Quiet Outperformer Worth Paying Attention To
Here's where things get interesting. Condo values in Homesteads look very different from the sales data at first glance, and that gap tells a story.
- Average HonestDoor Price: $774,217 (down just 0.10% - essentially flat)
- Average sale price: $135,000
- Current listings averaging: $140,000
- Price per square foot: $242
- Average days on market: 33
- Estimated monthly rent: $2,577
- Airbnb estimate: $128 per night
- Rental yield: 3.94%
- 2 property transactions recorded in 2026
The large gap between the HonestDoor Price and the recent sale price reflects a very thin sample - one condo sale does not define the whole segment. The predicted market value of $775,008 is actually ticking up against the 3-month moving average of $768,017, which is a positive sign. Growth is at 0.58% recently.
On the neighbourhood leaderboard, condos in Homesteads rank 4 out of 32 for growth in Stony Plain. That puts us in the top performers category for condo appreciation. Our Airbnb rank is 6 in Stony Plain, meaning this segment has real short-term rental appeal compared to most of the city.
Condos here are also selling faster than nearby Stonegate Place, where homes sit for 44 days on average. At 33 days, we're moving quicker, which points to genuine demand even in a buyers' market where sellers are accepting slightly below list price.
The Secret Sauce: Why Your HonestDoor Price Matters More Right Now Than Your Tax Assessment
Your city assessment is a snapshot taken months ago, sometimes longer. It doesn't know that a house on your street just sold above asking. It doesn't factor in this month's listing activity or the rental demand that's pushing estimated rents to $2,309 for houses and $2,577 for condos.
The HonestDoor Price is updated in real time using actual sales data, current listings, and market signals. For houses, that number is $450,439 - up 3.79%. For condos, it's $774,217. These aren't guesses. They're the closest thing to what a buyer would actually pay today.
If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage still makes sense - your government assessment is the wrong starting point. Your HonestDoor Price is the real-world check.
The So What - Should You Sell in Homesteads This Summer?
For house owners, the case for selling this summer is straightforward. Buyers are paying above list price. Days on market are low at 20 days. You're priced above most of your neighbours in Brookview and Stonegate Place. The short-term value dip of 4.38% is worth noting, but the fact that the last sale closed at 103.26% of list price tells you demand is still real and competitive.
If you price it right and present it well, summer 2025 is a reasonable window to move. Waiting to see if that growth rank climbs from 29 out of 37 is a gamble with no guaranteed payoff.
For condo owners, the picture is more nuanced. You're in a buyers' market where sellers are accepting below list price, and the sample of sales is thin. But your growth rank of 4 out of 32 is genuinely strong, and the predicted value is trending up. If you don't need to sell, holding may reward you. If you do need to sell, price it sharp and lean into the rental yield story - 3.94% is a number that attracts investors.
Either way, the first step is the same. Check your HonestDoor Price at HonestDoor.com and get a current read on where you actually stand before you make any moves.
homesteads | stony plain | october 2026This 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.