Atikameg, Alberta 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 Atikameg, Alberta is currently experiencing moderate growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This steady growth is indicative of a healthy demand for single-family homes in the area. Meanwhile, the median apartment price, which stands at $300,000, has witnessed a more modest annual increase of 2.1%. The differing growth rates suggest that while there is interest in both housing types, houses are currently in higher demand compared to apartments.
Investment Opportunities and Potential
Considering the ongoing population expansion in Atikameg, with a significant growth rate of 7.1%, there’s substantial potential for real estate investment. The consistent increase in property values indicates a strong and stable market likely to support long-term appreciation. Investors might find attractive opportunities in both residential segments, though the higher growth observed in house prices may hint at a particularly promising return on investment for single-family homes over apartments.
Future Market Outlook
The future real estate market outlook for Atikameg appears optimistic. As the local population continues to grow rapidly, it can be expected that housing demand will rise correspondingly. Assuming that economic conditions remain stable and supportive of the current trends, both the house and apartment markets should maintain their upward trajectories. However, factors such as interest rates, employment rates, and regional economic developments should be monitored closely as they can significantly influence market dynamics.
