Athens, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,100 |
| Previous Population (2019) | 14,900 |
| Population Change | 1.3% |
| 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 Athens, Ontario is currently characterized by steady growth. With a median house price of $495,000 and a year-over-year increase of 3.2%, the market is showing healthy appreciation rates that align with regional economic stability. Similarly, median apartment prices have risen by 2.5% over the past year to $295,000, indicating a consistent upward trend across different property types.
The local population has seen a moderate growth of 1.3%, which may contribute to the sustained demand for housing in the area. This demographic trend can affect both rental and sales markets positively, as more people seeking residence would likely drive up demand for properties.
Investment Opportunities and Potential
In terms of investment potential, Athens presents several opportunities for real estate investors. The gradual increase in property values suggests that investors can expect a reasonable rate of capital appreciation over time. Furthermore, the consistent population growth provides a stable foundation for rental investments, as there will be an ongoing need for housing from new residents settling in the area.
Single-family homes at the median price point of $495,000 would be particularly appealing to families looking for residential space, whereas apartments priced at $295,000 offer an affordable entry point for first-time homebuyers or investors looking to cater to singles and couples.
Future Market Outlook
Looking ahead, the Athens real estate market is poised to continue its pattern of steady growth. The ongoing positive trend in property valuation coupled with demographic factors such as population increases suggests that demand will remain healthy. Assuming no major economic disruptions occur, both housing and apartment markets are expected to maintain their upward trajectory.
Investors should monitor factors such as interest rates, employment rates in the region, and any changes in local government housing policies that could influence future market conditions. Nonetheless, given current data and trends, Athens represents a promising market for those looking to invest or settle in the region.
