Bath, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 Bath, Ontario is currently experiencing a steady growth. The median house price stands at $510,000, reflecting a positive trend with a 4% increase year-over-year. This suggests that the market is healthy and homes are appreciating at a moderate pace. Similarly, apartments are showing an upward trend in value, with the median price hitting $320,000 and a year-over-year increase of 2.5%. These indicators point to a market that is growing consistently, albeit at a slower rate for apartments than houses.
The population of Bath has reached approximately 15,500 residents, with a robust growth rate of 3.3%. This demographic expansion supports the demand for housing and can be seen as a driving force behind the appreciation of property values in the region.
Investment Opportunities and Potential
Bath’s real estate market presents attractive opportunities for investors. The steady growth in median house prices indicates room for potential capital gains for those investing in residential properties. Given the lower entry point for apartments at $320,000, there is an opportunity for investors to cater to individuals who may not be ready to enter the housing market but still desire quality rental accommodations.
The ongoing population growth further enhances the investment potential as it leads to increased demand for rental properties. Landlords could therefore potentially benefit from both property value appreciation and stable rental income streams. Additionally, new developments or renovations in existing properties could meet this growing demand, further stimulating the local economy.
Future Market Outlook
Looking ahead, the future of Bath’s real estate market appears promising. Population growth is projected to continue, which should sustain demand for both ownership and rental properties. As long as this demographic trend persists, it will remain a fundamental support for property values.
The consistent increase in house prices at 4% year-over-year provides an optimistic outlook for homeowners and investors alike. Although apartment prices are increasing at a slightly slower pace (2.5% year-over-year), they still represent a solid investment given the overall growth trend in Bath’s market.
It is important for investors and prospective homeowners to monitor local economic factors and national policy changes that could impact interest rates or borrowing conditions. However, based on current data and trends, Bath’s real estate market shows signs of sustainable growth with numerous opportunities on the horizon.
