Adolphustown, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $325,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Adolphustown, Ontario, the real estate market exhibits stable growth with the median house price currently standing at $525,000. This reflects a year-over-year increase of 4.2%, indicating a healthy upward trend for house values. Meanwhile, apartments are proving to be more modest in their appreciation, showing a 2.5% year-over-year increase with a current median price of $325,000. These trends suggest that the market is experiencing sustainable growth.
The population in Adolphustown has increased by 3.3%, which may correlate with the rising demand for housing and the corresponding uptick in property values. This demographic expansion is an essential factor contributing to the vitality of the local real estate market.
Investment Opportunities and Potential
The consistent growth in property values coupled with notable population increase positions Adolphustown as an attractive locale for real estate investment. The steady rise in median house prices indicates a robust market that might appeal to long-term investors looking for capital appreciation.
Apartments, with a slower appreciation rate, present an opportunity for investors seeking more affordable entry points into the real estate market or those looking to cater to rental demand. The demographic trends suggest that there could be an ongoing need for diverse housing options, potentially leading to opportunities in both rental and resale markets.
Future Market Outlook
The future outlook for Adolphustown’s real estate market appears optimistic. The ongoing population growth is expected to continue driving demand for housing, which could sustain property value appreciation over the coming years. Assuming that economic conditions remain favorable and interest rates do not rise significantly, the region may maintain its current trajectory of steady growth.
Careful monitoring of external factors such as employment rates, infrastructure development, and regional economic policies will be crucial in forecasting any shifts in market dynamics. However, given the current data and trends, Adolphustown’s real estate market holds promising potential for both homeowners and investors alike.
