Blairhampton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 Blairhampton real estate market is currently experiencing steady growth, with the median house price sitting at $520,000, reflecting a year-over-year increase of 4%. This suggests healthy demand for housing in the area, supported by a growing population now recorded at 15,500 residents, which marks a significant population growth rate of 3.3%.
Apartments are also seeing appreciation, albeit at a slightly lower pace, with the median apartment price at $320,000 and an annual trend of 2.5% growth. The consistent growth in both housing types indicates a balanced expansion across different segments of the market.
Investment Opportunities and Potential
The investment potential in Blairhampton is promising, given the sustained increases in property values. The solid performance of the single-family home segment offers attractive opportunities for investors looking for long-term capital gains. With house prices trending upward at a higher rate than apartments, investments in this segment could yield higher returns.
The apartment market also presents opportunities, particularly for those looking to cater to smaller households or entering the rental market. Given that Blairhampton’s population is growing steadily, demand for rental properties is likely to rise as new residents seek housing.
Future Market Outlook
The future outlook for Blairhampton’s real estate market remains optimistic. Continued population growth will likely fuel demand for housing, supporting further property value increases. The consistent upward trend in both house and apartment prices suggests that the market is stable and resilient.
As long as the economic fundamentals remain strong and the region continues to attract new residents, the real estate market in Blairhampton should maintain its positive trajectory. Investors and homeowners alike can look forward to a robust market with ongoing potential for asset appreciation.
