Brock, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 in Brock, Ontario
The real estate market in Brock, Ontario, is currently experiencing a steady growth in property values. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market reflects a stable investment environment. Similarly, the median apartment price stands at $300,000 with a more modest growth rate of 2.1% year-over-year. This indicates a consistent demand for housing in the area.
The population of Brock is approximately 15,000 people, and it has seen an impressive growth rate of 7.1%. This demographic expansion is likely contributing to the sustained demand for real estate and underpins the positive trends observed in housing prices. The data suggests that both the residential detached home market and the apartment sector are benefitting from these conditions.
Investment Opportunities and Potential
Investors considering Brock for real estate opportunities should be encouraged by current market conditions. The ongoing increase in housing prices at a moderate pace points to a healthy market with potential for capital appreciation. Investment in detached houses seems particularly promising given the higher annual growth rate compared to apartments.
However, apartments also present an attractive opportunity, especially for investors looking to cater to smaller households or seeking a lower entry point into the real estate market. Given the population growth, demand for various types of housing units is expected to remain strong. Rental properties could also be a lucrative avenue as the population increase may drive rental demand.
Future Market Outlook
Projecting into the future, Brock’s real estate market outlook appears optimistic. Should current trends continue—supported by population growth and economic stability—the market is likely to maintain its upward trajectory in terms of property values. The steady growth rates suggest a balanced market without the volatility seen in some overheated markets.
Nevertheless, potential investors and homeowners should stay informed about local developments that may impact real estate values, such as changes in economic conditions or infrastructure projects that could enhance accessibility and desirability of certain areas within Brock. Considering these factors will be crucial for making informed decisions about entering or exiting this market.
