Blockhouse, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $455,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 14,900 |
| Population Change | 2.7% |
| 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 Blockhouse, Nova Scotia is currently experiencing moderate growth, as indicated by the year-over-year increases in property values. The median house price in the region sits at $495,000, with a growth trend of 2.9% over the past year. Similarly, the median apartment price has reached $295,000, following a slightly lower growth trend of 2% year-over-year.
This steady growth is reflective of a balanced market that is neither heavily skewed towards buyers nor sellers. The region’s population has also grown by 2.7%, now standing at approximately 15,300 residents. This demographic expansion suggests a sustained demand for housing which contributes to the steady appreciation of property values.
Investment Opportunities and Potential
The investment potential in Blockhouse is promising due to its steady market growth and demographic expansion. With median housing prices on the rise yet still accessible compared to larger metropolitan areas, investors have an opportunity to enter a growing market with reasonable initial investment requirements.
Houses have shown slightly stronger growth compared to apartments, indicating that single-family homes might offer better capital gains in the short to medium term. However, apartments present an attractive entry point for first-time investors or those looking for lower-maintenance properties. Given the population increase, rental demand is likely to remain strong, providing potential for consistent rental income alongside long-term asset appreciation.
Future Market Outlook
The future market outlook for Blockhouse remains optimistic based on current trends and data. Assuming the local economy remains stable and the population continues to grow at its current pace or higher, demand for housing should sustain or potentially increase. Barring any unforeseen economic shifts or policy changes that could affect the housing market negatively, we can expect property values to continue their upward trajectory.
This positive outlook is further supported by national trends indicating a continued interest in suburban and rural properties, as remote work becomes more commonplace and buyers seek more spacious living environments outside of urban centers. As such, Blockhouse’s real estate market is poised for ongoing growth and remains an attractive option for both homebuyers and investors alike.
