Real Estate Market Report for
Neepawa, MB

Updated : Aug 2016
House
  • Median price $239,900
  • Monthly growth 2.12 %
  • Quarterly trend
  • Stock on market 1.64%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Neepawa Home Price

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The median asking price in Neepawa is $239,900, pretty close to the median three months ago which was $196,000 .

The $239,900 price tag on the median Neepawa home means that it is about average price.

Investors looking for properties in Neepawa are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.

Manitoba has the sixth least amount of properties available to property investors, with Neepawa having 35th most in the province, out of a total of 250.

When we look at the data we have, it can help with trying to establish whether or not Neepawa is a good investment target.

If you are looking at investment properties in Neepawa, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.

Can we guarantee how well Neepawa 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.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Neepawa there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
2 bedrooms $189,700
3 bedrooms $239,900
4 bedrooms $334,450
Demographics
  • Population in 20113629
  • Population in 20063298
  • 2006 to 2011 population change (%)10
  • Total private dwellings1528
  • Private dwellings occupied by usual residents1466
  • Population density per square kilometre206.5
  • Land area (square km)17.57
  • Age Characteristics
    Total population by age groups 3630
    0 to 4 years 135
    5 to 9 years 170
    10 to 14 years 205
    15 to 19 years 180
    15 years 35
    16 years 40
    17 years 35
    18 years 30
    19 years 30
    20 to 24 years 185
    25 to 29 years 250
    30 to 34 years 245
    35 to 39 years 240
    40 to 44 years 230
    45 to 49 years 230
    50 to 54 years 225
    55 to 59 years 230
    60 to 64 years 250
    65 to 69 years 165
    70 to 74 years 155
    75 to 79 years 165
    80 to 84 years 150
    85 years and over 215
    Median age of the population 44.4
    % of the population aged 15 and over 85.8
  • Marital Status
    Total population 15 years and over by marital status 3115
    Married or living with a common-law partner 1890
    Married (and not separated) 1685
    Living common-law 205
    Not married and not living with a common-law partner 1230
    Single (never legally married) 660
    Separated 70
    Divorced 145
    Widowed 350
    Family Characteristics
    Total number of census families in private households 1010
    Size of census family: 2 persons 610
    Size of census family: 3 persons 190
    Size of census family: 4 persons 155
    Size of census family: 5 or more persons 55
    Total number of census families in private households 1010
    Total couple families by family structure and number of children 885
    Married couples 785
    Without children at home 480
    With children at home 305
    1 child 120
    2 children 130
    3 or more children 50
    Common-law couples 100
    Without children at home 60
    With children at home 40
    1 child 20
    2 children 15
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 125
    Female parent 95
    1 child 45
    2 children 35
    3 or more children 15
    Male parent 30
    1 child 15
    2 children 10
    3 or more children 5
    Total children in census families in private households 805
    Under six years of age 165
    6 to 14 years 345
    15 to 17 years 110
    18 to 24 years 135
    25 years and over 55
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 3400
    Number of persons not in census families 705
    Living with relatives 70
    Living with non-relatives only 200
    Living alone 440
    Number of census family persons 2700
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 680
    Number of persons not in census families aged 65 years and over 245
    Living with relatives 15
    Living with non-relatives only 5
    Living alone 235
    Number of census family persons aged 65 years and over 435
    Total number of private households by household type 1465
    Census-family households 980
    One-family-only households 885
    Couple-family households 770
    Without children 470
    With children 305
    Lone-parent-family households 110
    Other family households 95
    One-family households with persons not in a census family 70
    Couple-family households 55
    Without children 35
    With children 30
    Lone-parent-family households 10
    Two-or-more-family households 25
    Non-census-family households 490
    One-person households 440
    Two-or-more-person households 45
    Total number of occupied private dwellings by structural type of dwelling 1465
    Single-detached house 1115
    Apartment, building that has five or more storeys 0
    Movable dwelling 80
    Other dwelling 270
    Semi-detached house 30
    Row house 50
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 180
    Other single-attached house 0
    Total number of private households by household size 1465
    1 person 440
    2 persons 555
    3 persons 195
    4 persons 175
    5 persons 60
    6 or more persons 35
    Number of persons in private households 3400
    Average number of persons in private households 2.3
Census 2011

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