Real Estate Market Report for
Russell, MB

Updated : Aug 2016
House
  • Median price $214,500
  • Monthly growth 4.91 %
  • Quarterly trend
  • Stock on market 11.82%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Russell Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Russell is number 2650 putting it in the bottom half of the country .

While the median for Manitoba is $264,900 , which means that Russell’s median price is $214,500 below average than the rest of the province.

If you’re looking at investment properties in Russell, then you’re most likely to find homes with 3 bedrooms on sale this month.

Across Manitoba Russell has the 37th most properties on offer with 250.

Is Russell a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Russell, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 23, this month we show 24.

Can we guarantee how well Russell 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.

If you are looking at investment properties in Russell, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Beds Median price (House) Median price (Apartment)
2 bedrooms $181,950
3 bedrooms $279,000
4 bedrooms $185,900
5 bedrooms $229,000
Demographics
  • Population in 2011459
  • Population in 2006484
  • 2006 to 2011 population change (%)-5.2
  • Total private dwellings203
  • Private dwellings occupied by usual residents185
  • Population density per square kilometre0.8
  • Land area (square km)567.83
  • Age Characteristics
    Total population by age groups 460
    0 to 4 years 15
    5 to 9 years 15
    10 to 14 years 30
    15 to 19 years 40
    15 years 10
    16 years 10
    17 years 10
    18 years 10
    19 years 5
    20 to 24 years 30
    25 to 29 years 25
    30 to 34 years 25
    35 to 39 years 15
    40 to 44 years 25
    45 to 49 years 35
    50 to 54 years 55
    55 to 59 years 60
    60 to 64 years 20
    65 to 69 years 15
    70 to 74 years 15
    75 to 79 years 15
    80 to 84 years 10
    85 years and over 10
    Median age of the population 45.9
    % of the population aged 15 and over 86.1
  • Marital Status
    Total population 15 years and over by marital status 395
    Married or living with a common-law partner 260
    Married (and not separated) 225
    Living common-law 45
    Not married and not living with a common-law partner 130
    Single (never legally married) 90
    Separated 10
    Divorced 20
    Widowed 20
    Family Characteristics
    Total number of census families in private households 140
    Size of census family: 2 persons 70
    Size of census family: 3 persons 30
    Size of census family: 4 persons 30
    Size of census family: 5 or more persons 10
    Total number of census families in private households 140
    Total couple families by family structure and number of children 130
    Married couples 110
    Without children at home 65
    With children at home 50
    1 child 20
    2 children 25
    3 or more children 10
    Common-law couples 20
    Without children at home 10
    With children at home 10
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 10
    Female parent 10
    1 child 0
    2 children 0
    3 or more children 5
    Male parent 5
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 125
    Under six years of age 20
    6 to 14 years 45
    15 to 17 years 25
    18 to 24 years 35
    25 years and over 5
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 460
    Number of persons not in census families 55
    Living with relatives 5
    Living with non-relatives only 15
    Living alone 35
    Number of census family persons 400
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 65
    Number of persons not in census families aged 65 years and over 20
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 15
    Number of census family persons aged 65 years and over 45
    Total number of private households by household type 185
    Census-family households 145
    One-family-only households 135
    Couple-family households 130
    Without children 70
    With children 60
    Lone-parent-family households 10
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 5
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 40
    One-person households 35
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 185
    Single-detached house 160
    Apartment, building that has five or more storeys 0
    Movable dwelling 25
    Other dwelling 5
    Semi-detached house 5
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 185
    1 person 35
    2 persons 75
    3 persons 30
    4 persons 35
    5 persons 5
    6 or more persons 5
    Number of persons in private households 460
    Average number of persons in private households 2.5
Census 2011

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