Trending
A red, white, and black flag with a white background.

Alma, Nova Scotia Real Estate Market Data

Updated: Nov 2024

House

Median price $500,000
Monthly growth 1.2%
Quarterly trend 3.5%
Stock on market 0.8%

Apartment

Median price $300,000
Monthly growth 0.9%
Quarterly trend 2.1%
Stock on market 1.2%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $400,000
3 bedrooms $500,000
4 bedrooms $600,000

Apartments

Bedrooms Median Price
1 bedrooms $250,000
2 bedrooms $350,000
3 bedrooms $450,000

Demographics

Current Population (2025) 15,000
Previous Population (2020) 14,000
Population Change 7.1%
Total Private Dwellings 6,000
Occupied Private Dwellings 5,500
Population Density (per km²) 1.5
Land Area (km²) 2,500.5

Market Analysis






Alma, Nova Scotia Real Estate Market Analysis

Current Market Conditions and Trends

In Alma, Nova Scotia, the real estate market is currently experiencing steady growth, as indicated by the year-over-year increase in property values. The median house price stands at $500,000, with a growth trend of 3.5% over the past year. This suggests a healthy demand for single-family homes in the region. Similarly, the apartment sector has seen a price increase of 2.1% year-over-year, with a current median price of $300,000. These figures reflect a robust and stable market that is managing to retain and attract residents.

Investment Opportunities and Potential

The consistent growth in both the housing and apartment sectors indicates that Alma is an attractive location for real estate investors. The population of Alma has grown by 7.1%, which implies a rising demand for housing. Investment in residential properties could yield favorable returns due to the steady appreciation in property values. Furthermore, with a growing population base, there may be opportunities for the development of new housing projects or renovation of existing properties to cater to different segments of the market.

Future Market Outlook

Looking ahead, Alma’s real estate market shows promising signs for continued growth. The population increase is likely to sustain the demand for housing, potentially leading to further appreciation in property values. If the current trends persist, investors can expect a stable and possibly improving return on investment in both houses and apartments. The local government’s development plans and economic policies will also play a crucial role in shaping the future landscape of Alma’s real estate market.