Bagot, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.8% |
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 | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,900 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bagot, Manitoba is currently experiencing moderate growth. With a median house price of $485,000 and an upward year-over-year trend of 3%, the market is showing resilience in the face of broader economic conditions. Similarly, apartments are following a steady growth path with a median price point of $295,000 and a 2.5% increase over the previous year.
This incremental growth in property values indicates a stable market that has not been subject to the rapid inflation seen in some other regions. The population of Bagot stands at 15,100, which has grown by 1.34% over the past year. This steady population increase supports consistent demand for housing in the area.
Investment Opportunities and Potential
Given the steady market conditions, Bagot represents an attractive location for investors looking for long-term capital appreciation without the volatility of larger urban markets. The modest yet consistent growth in property values suggests that investments made in this market could yield sustainable returns.
For investors targeting rental markets, the growing population implies a potential increase in demand for rental properties. This could be particularly advantageous for those investing in apartments, as they offer a lower entry price point at $295,000 compared to houses.
Future Market Outlook
Looking ahead, Bagot’s real estate market appears poised for continued stable growth. The positive population trend indicates ongoing demand for housing which should support both rental and sales markets. While current trends suggest that prices will continue to rise at a moderate pace, investors and homebuyers should monitor local developments closely.
Factors such as employment rates, infrastructure projects, and interest rates will play critical roles in shaping the future trajectory of Bagot’s housing market. Thus far, with its appealing balance between affordability and steady market growth, Bagot presents itself as a promising locale for both residential living and real estate investment.
