Bath, Ontario 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 | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| 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, currently presents a stable environment for both homeowners and investors. The median house price stands at $500,000, reflecting a moderate year-over-year growth of 3.5%. This indicates a healthy demand for single-family homes while suggesting that the market is appreciating at a sustainable rate. The apartment sector shows similar trends with the median price set at $300,000 and experiencing a steady increase of 2.1% year-over-year.
This consistent growth pattern is indicative of a balanced market, with neither buyers nor sellers having a distinct advantage. The population of Bath has reached approximately 15,000 residents, with an above-average growth rate of 3.4%. This demographic trend suggests an increasing demand for housing in the area which could support ongoing real estate market health.
Investment Opportunities and Potential
The investment landscape in Bath appears promising due to its evolving demographics and sustained property value appreciation. Single-family homes represent a solid investment opportunity, especially given their higher annual appreciation rate. Investors may also find potential in the apartment market where the slightly lower appreciation rate is offset by higher rental demand driven by population growth.
Given the current trends, strategic investments could capitalize on expected increases in rental prices and property values. Moreover, as the town expands with population growth, new opportunities for development and improvements in infrastructure could emerge.
Future Market Outlook
The outlook for Bath’s real estate market remains positive over the foreseeable future. Population growth is likely to maintain upward pressure on both property values and rental rates. The steady appreciation rates in housing suggest that there is room for ongoing growth without the risk of overheating.
If current economic conditions persist and the local economy continues to attract new residents, we can anticipate a continuation of the gradual upward trend in property prices. However, prospective investors and homeowners should monitor potential shifts in interest rates, employment levels, and regional economic developments which could impact future market dynamics.
