Blackfalds, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
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 | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
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
In Blackfalds, Alberta, the real estate market is exhibiting steady growth, as indicated by the current median house price of $485,000, which reflects a 2.8% year-over-year increase. Similarly, the median apartment price has risen to $295,000, following a 2.5% annual appreciation rate. These figures suggest a stable market with moderate price growth for residential properties.
The population of Blackfalds has reached approximately 15,500 residents and continues to grow at a healthy rate of 3.3%. This demographic expansion is contributing positively to housing demand and is likely influencing the overall market stability.
Investment Opportunities and Potential
The consistent rise in property values indicates that Blackfalds presents viable investment opportunities for both individual investors and real estate development companies. With a steady increase in both house and apartment prices, investors might anticipate continued appreciation in property values over the short to medium term.
Given the town’s population growth rate, which outpaces many other regions, there is potential for rental market expansion as well. Investors seeking to cater to the growing number of residents may find profitability in purchasing rental properties or developing multi-family units.
Future Market Outlook
Looking forward, the real estate market in Blackfalds shows signs of sustained growth and stability. The consistent population increase should continue to fuel housing demand. Assuming no significant economic disruptions occur, the property market is expected to maintain its current trajectory with moderate price increases in both the housing and apartment sectors.
Investors and homebuyers can remain cautiously optimistic about the future market outlook in Blackfalds. Ongoing monitoring of economic factors and demographic trends will be essential for those looking to capitalize on long-term investment opportunities within this vibrant community.
