Real Estate Market Report for
Melfort, SK

Updated : Aug 2016
House
  • Median price $213,000
  • Monthly growth 1.67 %
  • Quarterly trend
  • Stock on market 2.23%
Apartment
  • Median price $149,000
  • Monthly growth -0.30 %
  • Quarterly trend
  • Stock on market 0.20%
Melfort Home Price

Can you afford to buy here? If you like, we can get one of our mortgage experts to tell you exactly how much you can borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Across the country as a whole, Melfort is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

In Aug the median listed house price of $213,000 in Melfort was an above average compared to the rest of Saskatchewan.

Melfort’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.

Saskatchewan has the sixth most amount of properties available to property investors, with Melfort having 17th most in the province, out of a total of 357.

Can we guarantee how well Melfort is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

With a median listing price of $149,000, Melfort is Canada’s 862th most expensive when ordered by median listing price.

Melfort, Saskatchewan has a median house price of $149,000 when compiling all the home listings in Aug .

In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 1.

Saskatchewan has the fifth most amount of properties available to property investors, with Melfort having 18th most in the province, out of a total of 46.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Melfort will hopefully provide an indicator to help you where to research in-depth

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Beds Median price (House) Median price (Apartment)
1 bedroom $138,500
2 bedrooms $120,750
3 bedrooms $189,000
4 bedrooms $220,000
5 bedrooms $347,000
6 bedrooms $411,950
Demographics
  • Population in 20115576
  • Population in 20065192
  • 2006 to 2011 population change (%)7.4
  • Total private dwellings2464
  • Private dwellings occupied by usual residents2379
  • Population density per square kilometre377.3
  • Land area (square km)14.78
  • Age Characteristics
    Total population by age groups 5575
    0 to 4 years 350
    5 to 9 years 315
    10 to 14 years 365
    15 to 19 years 335
    15 years 75
    16 years 80
    17 years 75
    18 years 60
    19 years 55
    20 to 24 years 295
    25 to 29 years 295
    30 to 34 years 300
    35 to 39 years 305
    40 to 44 years 310
    45 to 49 years 395
    50 to 54 years 375
    55 to 59 years 355
    60 to 64 years 325
    65 to 69 years 270
    70 to 74 years 220
    75 to 79 years 225
    80 to 84 years 255
    85 years and over 275
    Median age of the population 43.8
    % of the population aged 15 and over 81.5
  • Marital Status
    Total population 15 years and over by marital status 4545
    Married or living with a common-law partner 2650
    Married (and not separated) 2350
    Living common-law 300
    Not married and not living with a common-law partner 1890
    Single (never legally married) 975
    Separated 105
    Divorced 280
    Widowed 525
    Family Characteristics
    Total number of census families in private households 1535
    Size of census family: 2 persons 845
    Size of census family: 3 persons 270
    Size of census family: 4 persons 275
    Size of census family: 5 or more persons 145
    Total number of census families in private households 1535
    Total couple families by family structure and number of children 1295
    Married couples 1145
    Without children at home 630
    With children at home 515
    1 child 160
    2 children 240
    3 or more children 115
    Common-law couples 145
    Without children at home 80
    With children at home 65
    1 child 30
    2 children 20
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 240
    Female parent 195
    1 child 105
    2 children 65
    3 or more children 25
    Male parent 45
    1 child 25
    2 children 20
    3 or more children 0
    Total children in census families in private households 1540
    Under six years of age 410
    6 to 14 years 605
    15 to 17 years 215
    18 to 24 years 195
    25 years and over 115
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 5385
    Number of persons not in census families 1015
    Living with relatives 70
    Living with non-relatives only 155
    Living alone 795
    Number of census family persons 4370
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 1095
    Number of persons not in census families aged 65 years and over 475
    Living with relatives 20
    Living with non-relatives only 15
    Living alone 440
    Number of census family persons aged 65 years and over 620
    Total number of private households by household type 2380
    Census-family households 1515
    One-family-only households 1445
    Couple-family households 1245
    Without children 685
    With children 560
    Lone-parent-family households 205
    Other family households 70
    One-family households with persons not in a census family 50
    Couple-family households 30
    Without children 10
    With children 15
    Lone-parent-family households 20
    Two-or-more-family households 20
    Non-census-family households 865
    One-person households 795
    Two-or-more-person households 75
    Total number of occupied private dwellings by structural type of dwelling 2380
    Single-detached house 1750
    Apartment, building that has five or more storeys 120
    Movable dwelling 10
    Other dwelling 505
    Semi-detached house 80
    Row house 55
    Apartment, duplex 40
    Apartment, building that has fewer than five storeys 325
    Other single-attached house 0
    Total number of private households by household size 2380
    1 person 795
    2 persons 850
    3 persons 285
    4 persons 285
    5 persons 125
    6 or more persons 40
    Number of persons in private households 5390
    Average number of persons in private households 2.3
Census 2011

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Is a T.O foreign sales tax a good idea?