Altona, Manitoba 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
Current Market Conditions and Trends
The real estate market in Altona, Manitoba, is currently experiencing a stable growth trajectory. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This steady appreciation indicates a healthy demand for single-family homes in the area. Similarly, the apartment sector is also showing positive growth with a median price point of $300,000 and a year-over-year trend of 2.1%. The population growth of 7.1% signals robust demographic support for the real estate market, suggesting that housing demand is likely to remain strong due to new residents settling in the region.
Investment Opportunities and Potential
Altona’s real estate market presents attractive investment opportunities for both residential and rental properties. The consistent rise in property values suggests that long-term investments could yield substantial returns. Given the town’s population growth, there is potential for investors to capitalize on rental units as more individuals are looking for housing options within the community. Investors may also consider exploring new construction projects or renovations to meet the increasing demand for modern living spaces in Altona.
Future Market Outlook
The future outlook for Altona’s real estate market remains optimistic. The sustained increase in median house and apartment prices points towards ongoing demand and a growing economy within the region. As population numbers continue to rise, it is expected that the residential market will further strengthen, potentially leading to greater investment returns over time. However, investors should monitor economic factors and local developments to make informed decisions as markets can be influenced by broader provincial and national trends.