Devon—11930

As of Aug '25, the median home price in Devon is $3,147,000, with a year-over-year change of -2.9%. This indicates that home prices in Devon are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Devon is 74. This is an increase of 29.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Devon in that year was 43. 98.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 40.0%. Of those, 0.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in Devon. Investor activity in Devon is low, as 0.0% of all loans are originated by investors. In 2023, 5.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.