Bowsman, Manitoba 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
Current Market Conditions and Trends
The real estate market in Bowsman, Manitoba, is currently experiencing stable growth. With a median house price of $500,000, the market has seen a 3.5% year-over-year increase, which is indicative of a healthy demand for single-family homes. Similarly, the apartment sector has witnessed a 2.1% year-over-year rise, with a median price point at $300,000. This growth is supported by the town’s increasing population, which now stands at 15,000 and has grown by 7.1%. This demographic expansion suggests a robust and enduring need for housing.
Investment Opportunities and Potential
Given the steady growth in both the housing and apartment sectors, Bowsman presents attractive investment opportunities. The consistent increase in property values indicates that investments may continue to appreciate. Additionally, the above-average population growth rate signals ongoing demand for rental properties, making it an opportune time for investors to consider expanding their portfolios within this market. Investors should be mindful of local economic factors and infrastructure developments that might influence future property values.
Future Market Outlook
The future outlook for Bowsman’s real estate market appears positive. Assuming similar economic conditions persist, the trend of moderate but steady price increases is likely to continue. The continuous population growth not only bolsters demand but also contributes to a dynamic community that can attract new residents and investment. As long as the town maintains its appeal through amenities, employment opportunities, and quality of life, the real estate market should remain resilient.
