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Bath, New Brunswick 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






Bath, New Brunswick Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Bath, New Brunswick is currently experiencing a period of steady growth. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This indicates a healthy demand for family homes, likely driven by both local factors and broader provincial economic conditions.

Similarly, the apartment sector shows sustained growth with a median price point of $300,000, accompanied by a more moderate annual price increase of 2.1%. This trend suggests that while the market for apartments is growing, it is doing so at a more tempered pace compared to houses.

The population of Bath has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This demographic expansion can be correlated with the increasing housing demand in the region, further stimulating the real estate market.

Investment Opportunities and Potential

Considering the consistent upward trajectory in property values, Bath presents attractive opportunities for real estate investment. The robust population growth paired with increasing property values suggests that there is potential for both short-term gains through property flipping and long-term returns via rental income or capital appreciation.

In particular, the single-family home market, with its higher year-over-year price increase, may offer more significant capital gains for investors. However, apartments should not be overlooked as they present a more accessible entry point for new investors and an opportunity to cater to individuals or smaller households who prefer this type of living arrangement.

Future Market Outlook

The future outlook for Bath’s real estate market remains optimistic. Given the solid population growth rate and ongoing demand for housing, it is reasonable to anticipate that both house and apartment prices may continue to rise albeit at different paces.

With no immediate signs of market saturation or economic downturn in the region, investors can remain cautiously confident about entering or expanding their presence in Bath’s real estate landscape. Nonetheless, as with any investment decision, it is advisable to stay informed on local and national economic indicators that could affect market conditions moving forward.