Aden, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,000 |
| Population Change | 5.1% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Aden, Alberta is currently experiencing moderate growth. The median house price stands at $485,000, with a year-over-year increase of 3.2%. This growth indicates a stable demand for housing in the area. Similarly, the median apartment price has seen a slightly lower yet positive trend, with prices rising by 2% year-over-year to reach $295,000. These trends reflect a balanced market that is managing to keep up with the steady population growth of 5.1%, which has brought the population total to approximately 15,200 residents. This demographic expansion contributes to the sustained demand for both houses and apartments in Aden.
Investment Opportunities and Potential
The consistent growth in both house and apartment prices suggests that Aden holds promising investment opportunities for those looking to enter the real estate market. The steady increase in property values combined with significant population growth provides a fertile ground for rental properties and developments. Investors should note that the current trends favor long-term investment strategies, as the market is showing signs of stability rather than rapid escalation.
Future Market Outlook
Moving forward, the future outlook for Aden’s real estate market appears optimistic. Given the solid population growth rate of 5.1%, it is likely that demand for housing will continue to rise. This demand, coupled with the consistent upward trend in property prices, indicates potential for continued appreciation in property values over time. However, it is important for investors and homebuyers to stay informed on local economic factors and development plans that could impact these projections. As long as the local economy remains robust and supports job growth, we can expect the real estate market in Aden to maintain its upward trajectory.
