Real Estate Market Report for
Russell, MB

Updated : Aug 2016
House
  • Median price $214,500
  • Monthly growth 4.91 %
  • Quarterly trend
  • Stock on market 3.09%
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 20111669
  • Population in 20061590
  • 2006 to 2011 population change (%)5
  • Total private dwellings777
  • Private dwellings occupied by usual residents760
  • Population density per square kilometre530.4
  • Land area (square km)3.15
  • Age Characteristics
    Total population by age groups 1670
    0 to 4 years 85
    5 to 9 years 90
    10 to 14 years 80
    15 to 19 years 105
    15 years 20
    16 years 20
    17 years 20
    18 years 30
    19 years 20
    20 to 24 years 100
    25 to 29 years 105
    30 to 34 years 85
    35 to 39 years 90
    40 to 44 years 75
    45 to 49 years 130
    50 to 54 years 105
    55 to 59 years 85
    60 to 64 years 95
    65 to 69 years 85
    70 to 74 years 80
    75 to 79 years 65
    80 to 84 years 95
    85 years and over 115
    Median age of the population 45.8
    % of the population aged 15 and over 84.5
  • Marital Status
    Total population 15 years and over by marital status 1410
    Married or living with a common-law partner 805
    Married (and not separated) 715
    Living common-law 95
    Not married and not living with a common-law partner 605
    Single (never legally married) 320
    Separated 35
    Divorced 65
    Widowed 180
    Family Characteristics
    Total number of census families in private households 450
    Size of census family: 2 persons 260
    Size of census family: 3 persons 70
    Size of census family: 4 persons 75
    Size of census family: 5 or more persons 40
    Total number of census families in private households 450
    Total couple families by family structure and number of children 390
    Married couples 345
    Without children at home 200
    With children at home 150
    1 child 50
    2 children 65
    3 or more children 35
    Common-law couples 50
    Without children at home 35
    With children at home 15
    1 child 10
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 55
    Female parent 45
    1 child 25
    2 children 15
    3 or more children 5
    Male parent 10
    1 child 10
    2 children 0
    3 or more children 0
    Total children in census families in private households 405
    Under six years of age 105
    6 to 14 years 145
    15 to 17 years 60
    18 to 24 years 75
    25 years and over 20
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 1620
    Number of persons not in census families 370
    Living with relatives 25
    Living with non-relatives only 55
    Living alone 295
    Number of census family persons 1245
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 395
    Number of persons not in census families aged 65 years and over 175
    Living with relatives 10
    Living with non-relatives only 5
    Living alone 160
    Number of census family persons aged 65 years and over 220
    Total number of private households by household type 760
    Census-family households 445
    One-family-only households 420
    Couple-family households 370
    Without children 220
    With children 155
    Lone-parent-family households 50
    Other family households 20
    One-family households with persons not in a census family 20
    Couple-family households 15
    Without children 10
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 5
    Non-census-family households 315
    One-person households 290
    Two-or-more-person households 25
    Total number of occupied private dwellings by structural type of dwelling 760
    Single-detached house 605
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 135
    Semi-detached house 5
    Row house 15
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 110
    Other single-attached house 10
    Total number of private households by household size 760
    1 person 295
    2 persons 265
    3 persons 80
    4 persons 80
    5 persons 35
    6 or more persons 10
    Number of persons in private households 1615
    Average number of persons in private households 2.1
Census 2011

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