Homesteads, Stony Plain - September 2026 Real Estate Report

Homesteads, Stony Plain: Your Neighbour Just Got a Better Offer Than You Think

If you own a home in Homesteads and you haven't checked your actual market value lately, you might be leaving real money on the table. Here's the straight story on what's happening right now on our streets.

The Vibe: Houses vs. Condos

The house market in Homesteads is holding its ground. The average sale price sits at $475,000, and the one home that sold this past month 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 softening, that's a real signal. Properties are moving in about 20 days, which puts us at rank 9 out of 24 neighbourhoods in Stony Plain for speed. We're not the fastest, but we're far from sitting on the shelf.

• Average house sale price: $475,000
• Current listings averaging: $460,000
• Price per square foot: $381
• Sold-to-list ratio: 103.26% - buyers paid over asking
• Average days on market: 20
• Predicted market value (houses): $453,880
• Rental yield: 5.72%
• Estimated monthly rent: $2,325

On the condo side, the picture is a bit different. We're seeing a cooling trend. The average condo sale price dropped to $135,000, down 16.7% from last month, and the one unit that sold went for 96.43% of list price - meaning the buyer negotiated below asking. Condos are sitting on the market for about 33 days. That's not a crisis, but it's a signal that condo buyers here have some room to push back.

• Average condo sale price: $135,000 (down 16.7%)
• Current condo listings averaging: $140,000
• Price per square foot: $242
• Sold-to-list ratio: 96.43% - buyers paid below asking
• Average days on market: 33
• Predicted market value (condos): $770,523
• Rental yield: 3.94%
• Estimated monthly rent: $2,568

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know that a house on your street just sold above asking. It doesn't factor in that predicted house values in Homesteads are trending up, with the 3-month moving average climbing from $445,421 to a predicted $453,880.

The HonestDoor Price is updated in real time. For houses, it's sitting at $434,000 right now. For condos, it's $775,008 - up 0.58% from the previous period. These aren't numbers pulled from a filing cabinet. They reflect what's actually moving in the market today. If you're making any decision about your home - selling, refinancing, even just understanding your net worth - the HonestDoor Price is the real-world check you need before you trust a number the city calculated last year.

Compare that to nearby neighbourhoods. St Andrews checks in at an average HonestDoor Price of $426,645 for houses. Brookview is at $404,745. Homesteads sits above both. That gap matters when you're pricing a listing or deciding whether to wait another season.

The Neighbourhood Leaderboard

Where does Homesteads actually rank among Stony Plain neighbourhoods? Here's how we stack up:

• House growth rate: Rank 16 out of 36 - above average in Stony Plain
• House price rank: Rank 10 out of 31 - above average in price
• House days-on-market rank: Rank 9 out of 24 - moderately fast-selling
• Condo growth rate: Rank 7 out of 32 - above average in Stony Plain
• Condo Airbnb rank in Stony Plain: 6th overall

For houses, sitting in the top third for price and above the midpoint for growth is a solid position. It means Homesteads isn't just holding value - it's holding it better than most of the competition in town.

The So What: Should You Sell This Summer?

If you own a house in Homesteads and you've been thinking about listing, the conditions right now are about as good as you're going to find. Buyers are still paying over asking. Homes are moving in under three weeks. And your predicted value is ticking upward. Summer listings in neighbourhoods like ours tend to attract buyers who want to be settled before school starts - that's real urgency on their side.

The rental angle is worth noting too. A 5.72% rental yield on houses is strong. If you're an investor deciding whether to hold or sell, that number gives you real options either way.

For condo owners, the honest advice is to watch the next 30 to 60 days. The market is taking a breather. One month of data doesn't make a trend, but selling into a declining price environment is always harder. Check your HonestDoor Price, compare it to active listings, and have a real conversation about timing before you commit to a list date.

Bottom line - Homesteads is in a good spot relative to most of Stony Plain. But good spots don't last forever. If you want to know exactly where your property sits today, your HonestDoor Price is the place to start.

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.