Benito, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| 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 | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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 Benito, Manitoba, is currently experiencing a stable growth pattern. The median house price in the region stands at $485,000, with a positive year-over-year trend of 3.2%. This indicates a steady appreciation in property values which is beneficial for homeowners seeking to build equity. Similarly, apartments are showing an increase in value with the median price at $295,000 and a year-over-year trend of 2.5%. These trends suggest that the market is healthy and offers reliability for both long-term homeowners and real estate investors.
Investment Opportunities and Potential
Benito’s real estate market presents various investment opportunities. With the population growing at a rate of 3.4%, there is a rising demand for housing. The steady increase in property values suggests that investing in residential properties could yield profitable returns over time. Apartments, given their lower entry price point and solid growth trend, represent an attractive option for investors looking to capitalize on rental income or smaller-scale investments.
Future Market Outlook
The outlook for Benito’s real estate market remains optimistic. Considering the robust population growth coupled with consistent increases in property values, it is likely that demand for housing will continue to drive the market forward. Investors and homebuyers can expect a stable environment with potential for continued appreciation in property prices. However, as with any investment, it is important to stay informed about local economic factors that could influence market conditions moving forward.
