Bentley, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
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 | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 Bentley, Alberta is currently experiencing stable growth. With a median house price of $485,000, the market has seen a 2.8% year-over-year increase, indicating consistent demand and a healthy economy. Similarly, the apartment sector reflects an upward trajectory with a median price of $295,000 and a growth rate of 1.9% year-over-year. This steady appreciation in property values is supported by Bentley’s growing population, which has risen by 4.8%. This demographic shift suggests an influx of new residents seeking housing, contributing to the dynamism of the local real estate market.
Investment Opportunities and Potential
Bentley’s real estate market offers attractive investment opportunities, particularly in residential properties. The continuous growth in housing prices points to a robust demand and potential for long-term capital gains for investors. Given the current trends in population growth, investing in rental properties could be especially lucrative as more individuals and families seek accommodations in the area. Apartments are becoming an increasingly popular option due to their more accessible price point at $295,000 median value, offering investors a lower barrier to entry into the rental market.
Future Market Outlook
The future outlook for Bentley’s real estate market appears promising. The consistent increase in property values, coupled with strong population growth, suggests that demand for housing will continue to drive the market forward. Assuming the local economy remains stable and supportive infrastructure keeps pace with population expansion, Bentley’s real estate is poised for sustained growth. Investors and homeowners alike can expect to see continued appreciation in property values, making now an opportune time to engage with the Bentley real estate market.
