Assumption, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $430,000 |
| 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) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| 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 Assumption, Alberta, is currently experiencing steady growth, reflective of the overall economic stability in the region. With a median house price of $520,000 and a year-over-year increase of 4%, the residential sector is showing healthy appreciation rates. Similarly, the apartment market is also growing, with a median price of $310,000 and a 2.5% increase over the past year. This suggests a consistent demand for housing fueled by the local population growth rate of 2.7%, which is significantly higher than many other regions in Canada.
Investment Opportunities and Potential
The real estate market in Assumption offers promising investment opportunities. The steady house price trend indicates that purchasing property could yield solid capital gains over time. Rental properties are also likely to benefit from the population increase as new residents seek accommodation, potentially leading to lower vacancy rates and higher rents. Investors should consider both residential and apartment units due to their appreciating values and the potential for rental income.
Future Market Outlook
Looking forward, the Assumption real estate market is poised for continued growth. Population trends suggest an increasing demand for housing which will likely keep pushing property values upward. The sustained appreciation rates for houses and apartments indicate that these trends are not fleeting but rather indicative of long-term growth potential in the Assumption real estate market. Investors and homebuyers can be moderately optimistic about entering this market with the expectation of future value appreciation.
