Assumption, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,150 |
| Previous Population (2020) | 14,000 |
| Population Change | 10.7% |
| 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 Assumption, Alberta, is currently experiencing steady growth. The median house price stands at $495,000, which reflects a year-over-year increase of 4%. This trend indicates a healthy demand for housing in the area, likely driven by the town’s attractive features and economic opportunities. For apartments, the median price is slightly lower at $295,000, with a more moderate growth trend of 2.5% year-over-year. This variance in growth rates between houses and apartments may suggest differing levels of demand across various housing types within the market.
Investment Opportunities and Potential
With a robust population growth of 10.7%, Assumption is poised for increased demand in housing, making it an attractive destination for investors looking for long-term appreciation. Single-family homes, with their stronger price growth trend, could be particularly appealing investments. In contrast, apartments offer a lower barrier to entry in terms of price and may appeal to investors seeking rental income opportunities given their affordability and potential for consistent demand among residents who prefer more compact living spaces or are not yet ready to enter the homebuying market.
Future Market Outlook
The outlook for Assumption’s real estate market remains optimistic. As the population continues to grow at a notable rate, we can expect ongoing demand for housing which should support both property values and investment returns over time. While current trends indicate steady growth, investors and homebuyers should monitor local economic developments and infrastructure improvements as these factors will play critical roles in shaping future market dynamics. Additionally, as the real estate market can be influenced by broader provincial and national economic changes, keeping an eye on external factors such as interest rates and employment rates will be important for anticipating shifts in the market.
