Real Estate Market Report for
Somerset, MB

Updated : Aug 2016
House
  • Median price $159,700
  • Monthly growth
  • Quarterly trend
  • Stock on market 1.00%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Somerset Home Price

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Canada’s national median home listing price this month is $290,900, which means that Somerset is in the bottom 40% for Canada.

While the median for Manitoba is $264,900 , which means that Somerset’s median price is $159,700 below average than the rest of the province.

If you’re looking at investment properties in Somerset, then you’re most likely to find homes with 4 bedrooms on sale this month.

From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

As one of Manitoba’s many potential real estate investment neighbourhoods, Somerset needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Over the last three months in Somerset, housing stock available seems to be falling – this could mean that homes values might increase faster.

As one of Manitoba’s many potential real estate investment neighbourhoods, Somerset needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

If you are looking at investment properties in Somerset, 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)
4 bedrooms $159,700
Demographics
  • Population in 2011439
  • Population in 2006432
  • 2006 to 2011 population change (%)1.6
  • Total private dwellings201
  • Private dwellings occupied by usual residents190
  • Population density per square kilometre179
  • Land area (square km)2.45
  • Age Characteristics
    Total population by age groups 440
    0 to 4 years 30
    5 to 9 years 25
    10 to 14 years 30
    15 to 19 years 30
    15 years 0
    16 years 10
    17 years 5
    18 years 5
    19 years 5
    20 to 24 years 15
    25 to 29 years 15
    30 to 34 years 20
    35 to 39 years 15
    40 to 44 years 25
    45 to 49 years 35
    50 to 54 years 40
    55 to 59 years 20
    60 to 64 years 30
    65 to 69 years 25
    70 to 74 years 20
    75 to 79 years 25
    80 to 84 years 15
    85 years and over 15
    Median age of the population 46.4
    % of the population aged 15 and over 80.9
  • Marital Status
    Total population 15 years and over by marital status 355
    Married or living with a common-law partner 220
    Married (and not separated) 195
    Living common-law 25
    Not married and not living with a common-law partner 135
    Single (never legally married) 70
    Separated 10
    Divorced 15
    Widowed 40
    Family Characteristics
    Total number of census families in private households 125
    Size of census family: 2 persons 70
    Size of census family: 3 persons 15
    Size of census family: 4 persons 25
    Size of census family: 5 or more persons 10
    Total number of census families in private households 125
    Total couple families by family structure and number of children 110
    Married couples 100
    Without children at home 55
    With children at home 45
    1 child 10
    2 children 20
    3 or more children 15
    Common-law couples 15
    Without children at home 10
    With children at home 5
    1 child 5
    2 children 0
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 20
    Female parent 20
    1 child 10
    2 children 0
    3 or more children 5
    Male parent 0
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 130
    Under six years of age 30
    6 to 14 years 55
    15 to 17 years 15
    18 to 24 years 20
    25 years and over 5
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 435
    Number of persons not in census families 70
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 70
    Number of census family persons 365
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 105
    Number of persons not in census families aged 65 years and over 45
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 40
    Number of census family persons aged 65 years and over 60
    Total number of private households by household type 190
    Census-family households 120
    One-family-only households 120
    Couple-family households 105
    Without children 60
    With children 45
    Lone-parent-family households 10
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 0
    Without children 0
    With children 0
    Lone-parent-family households 5
    Two-or-more-family households 5
    Non-census-family households 70
    One-person households 65
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 190
    Single-detached house 165
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 30
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 30
    Other single-attached house 0
    Total number of private households by household size 190
    1 person 65
    2 persons 65
    3 persons 20
    4 persons 25
    5 persons 5
    6 or more persons 10
    Number of persons in private households 435
    Average number of persons in private households 2.3
Census 2011

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