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Bowmanville, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $500,000
Monthly growth 1.2%
Quarterly trend 3.5%
Stock on market 0.8%

Apartment

Median price $300,000
Monthly growth 0.9%
Quarterly trend 2.1%
Stock on market 1.2%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $400,000
3 bedrooms $500,000
4 bedrooms $600,000

Apartments

Bedrooms Median Price
1 bedrooms $250,000
2 bedrooms $350,000
3 bedrooms $450,000

Demographics

Current Population (2025) 15,000
Previous Population (2020) 14,000
Population Change 7.1%
Total Private Dwellings 6,000
Occupied Private Dwellings 5,500
Population Density (per km²) 1.5
Land Area (km²) 2,500.5

Market Analysis






Bowmanville Real Estate Market Analysis

Current Market Conditions and Trends

The Bowmanville real estate market is currently experiencing a steady growth in property values. With a median house price set at $500,000 and an annual appreciation trend of 3.5% year-over-year, the market demonstrates resilience and a positive momentum. The median apartment price stands at $300,000 with a slightly lower growth rate of 2.1% year-over-year, which suggests a more modest but stable increase in value for multi-unit residential properties.

These trends are occurring against the backdrop of significant population growth, which has been recorded at 7.1%. This demographic expansion can be attributed to Bowmanville’s increasing appeal as a suburban alternative to the nearby major urban centers, offering residents competitive housing prices while still granting access to urban amenities.

Investment Opportunities and Potential

Given the robust population growth paired with consistent increases in property values, Bowmanville presents attractive investment opportunities. Investors considering residential properties can anticipate continued demand for housing, driven by the town’s growing population and its relative affordability compared to larger cities in the region.

Single-family homes represent a solid investment opportunity due to their higher year-over-year price increase. However, apartments also offer potential for those looking to enter the market at a lower price point while still benefiting from steady capital appreciation. Additionally, rental demand is likely to rise along with the population increase, suggesting that income-generating properties have strong potential in this market.

Future Market Outlook

The future outlook for Bowmanville’s real estate market remains optimistic. The persistent population growth indicates that demand for housing will likely continue to rise, potentially driving up property values further. As long as economic conditions remain favorable and the area’s desirability persists, both the median house and apartment prices are expected to maintain their upward trajectories.

However, investors should monitor regional economic developments and infrastructural improvements that could impact housing demand in Bowmanville. The completion of transportation projects or new commercial investments could significantly enhance property values and increase rental yields.

In conclusion, Bowmanville’s real estate market shows promising indicators for future growth and offers appealing opportunities for both homebuyers and investors looking to capitalize on a dynamic suburban market within Ontario.