Baden, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| 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 Baden, Ontario is experiencing a steady growth with the median house price currently standing at $520,000, reflecting a year-over-year increase of 4%. This suggests a stable and growing housing market. Similarly, the median apartment price has seen a growth of 2.5% year-over-year, reaching $310,000. These trends indicate ongoing demand in the residential real estate sector.
With a population of 15,500 that has grown by 3.3%, there is evidence of demographic expansion likely fueling the housing demand. The consistent population growth can be attributed to Baden’s appeal as a community with its small-town charm coupled with access to larger urban centres.
Investment Opportunities and Potential
Given the positive trends in property value appreciation, Baden presents various investment opportunities. Single-family homes offer potential for long-term capital gains considering the steady 4% increase in median house prices. For investors seeking lower entry points and stable rental income, the apartment sector shows promise with its 2.5% annual price increase.
Baden’s growing population also presents potential for new residential developments and renovation projects aimed at meeting the increasing housing demand. Investors might consider both short-term construction projects or long-term investment in rental properties.
Future Market Outlook
The future market outlook for Baden remains optimistic. The sustained population growth serves as an indicator of further demand for housing which could continue to push property values upward. If current trends persist, both the single-family home and apartment sectors are expected to offer robust investment returns.
In light of the economic stability and the influx of residents seeking a balance between rural and urban living, Baden’s real estate market is anticipated to remain active and potentially lucrative for investors who enter at this stage of growth.
