The second quarter of 2025 brought a subtle but notable shift in the Devonshire housing market, with year-over-year trends pointing to a market that’s adjusting to broader economic conditions while maintaining steady activity. The median home price in Devonshire declined to $380,100, down 4% from Q2 2024. Similarly, the median price per square foot dropped 4% to $158, suggesting that while buyers are paying slightly less, they’re also getting more space for their money.
In fact, the median interior square footage of homes sold increased by 4%, rising from 2,448 to 2,546 square feet. This indicates a shift in buyer preferences toward larger homes, possibly driven by lifestyle changes or evolving work-from-home needs.
Sales activity remained relatively stable, with 95 homes sold in Q2 2025 compared to 99 the previous year—a modest 4% decline. Meanwhile, inventory levels held steady, with 204 homes listed, up just 1% from Q2 2024. Despite the slight dip in sales, homes are moving faster: the median days on market dropped from 69 to 64 days, a 7% improvement in market velocity.
The rental market also showed continued strength. The median lease rate rose to $2,540, up 2% from last year. This steady increase in rents reflects ongoing demand for quality housing in Devonshire and supports the case for long-term investment in the area.
Overall, the Q2 2025 data suggests a market that is balancing out. Prices have softened slightly, but demand remains healthy, and homes are selling more quickly. For buyers, this could be an opportunity to secure more space at a better value. For sellers, pricing strategically remains key in a market that rewards well-presented, competitively priced homes. And for investors, rising lease rates and stable turnover continue to make Devonshire an attractive option.
For personalized real estate advice from a Devonshire expert, call Brendan Hirschmann, REALTOR® at 972-559-4648. Brendan can provide you with the insights and guidance you need to navigate the current market trends and make informed decisions.