Alderville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
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
The real estate market in Alderville, Ontario, is currently experiencing moderate growth. The median house price stands at $520,000, which indicates a year-over-year increase of 4%. This suggests a healthy demand for single-family homes in the area. On the other hand, the median apartment price is $310,000, with a slightly lower growth rate of 2.5% year-over-year. This difference in growth rates between houses and apartments may reflect a market that favors larger living spaces, potentially due to lifestyle changes following recent global events.
Investment Opportunities and Potential
In terms of investment opportunities, Alderville’s steady population growth of 3.3% signals ongoing demand for housing. Given the current trends, investing in single-family homes could be particularly promising due to their higher appreciation rate. Apartment properties also present an opportunity for investors looking for more affordable entry points into the real estate market or aiming to cater to segments such as young professionals or smaller households.
Future Market Outlook
The future real estate market outlook for Alderville is cautiously optimistic. With the population growing steadily at a rate of 3.3%, the demand for housing is likely to continue rising. This demographic trend, combined with the current upward trajectory in property values, points towards a stable market with potential for continued growth over the long term. However, investors should monitor economic factors and local developments that could influence supply and demand dynamics in the future.
