Athabasca, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $595,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Athabasca, Alberta is currently experiencing a steady growth in property values. The median house price in the area stands at $485,000, which marks a year-over-year increase of 3.2%. This trend indicates a healthy demand for single-family homes in the region. Comparatively, the median apartment price is $295,000, with a slightly lower annual appreciation of 2.5%. These figures suggest that while both segments of the housing market are growing, houses are seeing a slightly higher rate of appreciation.
Athabasca’s population has grown by 2.7%, reflecting positive demographic trends that can support sustained demand in the housing market. This population growth may be due to economic opportunities in the region or an attractive lifestyle proposition offered by Athabasca.
Investment Opportunities and Potential
For investors considering the Athabasca real estate market, there are promising opportunities particularly in residential properties. The consistent rise in median house prices indicates room for capital gains over time. Additionally, the ongoing population growth suggests that rental properties could also be a viable investment strategy, as more people may be looking for housing options within the area.
The current trends show potential for long-term investments to yield favorable returns, especially if the local economy continues to provide jobs and attract residents. Investors should also consider diversifying their portfolios across different types of properties (e.g., single-family homes, apartments) to capitalize on the varying rates of appreciation and potential rental demands.
Future Market Outlook
The future outlook of Athabasca’s real estate market appears positive based on current data. If the population continues to grow at or above the current rate of 2.7%, demand for housing is likely to remain strong. Continued economic development within Athabasca and surrounding areas would further bolster this outlook.
However, investors must remain attentive to broader economic conditions such as interest rates, employment rates in key industries, and government policies that could impact affordability and investment attractiveness. With careful consideration of these factors alongside sustained local growth indicators, Athabasca’s real estate market holds promise for both short-term gains and long-term investment stability.
