Camrose, Alberta 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 Camrose, Alberta is exhibiting steady growth, with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. This trend suggests a healthy demand for housing and a competitive market environment. Meanwhile, the median apartment price has reached $300,000, with a more modest growth rate of 2.1% year-over-year. This difference in growth rates between houses and apartments could indicate a stronger preference or demand for single-family homes in the area.
Investment Opportunities and Potential
Camrose’s real estate market presents attractive investment opportunities. With a population of 15,000 and a significant population growth rate of 7.1%, there is potential for increased housing demand, especially for those looking to capitalize on rental properties or developments that cater to new residents. Investors might consider the relatively higher growth rate in house prices as an indicator of where to focus their investments; however, apartments also offer potential given their affordability and appeal to smaller households or individuals.
Future Market Outlook
The future outlook for Camrose’s real estate market appears positive based on current trends and demographic data. The robust population growth rate could continue to drive demand for housing across all sectors. Assuming economic conditions remain stable and supportive (such as employment rates and local economic activity), we can expect the market to maintain its upward trajectory. Notably, the city’s attractiveness to new residents—potentially due to employment opportunities or lifestyle factors—would support ongoing investment in both residential and commercial real estate sectors.