Austin, Manitoba 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $255,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $460,000 |
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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Austin, Manitoba currently presents a stable and growing environment. With the median house price standing at $500,000 and showing a consistent year-over-year increase of 3.5%, the market is demonstrating modest but steady growth. Similarly, the median apartment price is $300,000, which has risen by 2.1% over the past year. These trends suggest a healthy demand for housing in the area.
The population of Austin has reached 15,000 residents, with an impressive growth rate of 7.1%. This demographic expansion is a key driver behind the sustained demand for housing and reflects positively on the market’s overall vitality.
Investment Opportunities and Potential
The consistent growth in property values coupled with significant population increases positions Austin as an attractive locale for real estate investment. Investors considering this market can expect continued appreciation in property values due to the ongoing demand. Residential properties remain a prudent choice given their consistent performance, while apartments offer more accessible entry points into the market with a slightly slower yet steady appreciation rate.
The strong population growth indicates potential for rental investments as well, as new residents may initially seek rental accommodations before purchasing homes. This could present opportunities for investors to enter the rental market or develop multi-family units.
Future Market Outlook
The future outlook for Austin’s real estate market remains optimistic based on current data trends. Assuming that both the population growth and economic conditions in Austin maintain their momentum, it is reasonable to project that housing demand will continue to rise. The ongoing increase in property values suggests that Austin will remain an appealing destination for homebuyers and investors alike.
However, potential investors should monitor economic factors such as employment rates, local industry performance, and interest rates, as these could impact overall affordability and influence future market dynamics. Careful consideration of these external factors will be crucial for making informed investment decisions.
