Carman, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $245,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Carman, Manitoba, is currently experiencing steady growth. With a median house price of $495,000, the market has seen a consistent year-over-year increase of 4%. This suggests a healthy demand for single-family homes in the area. The median apartment price stands at $295,000 and is also on an upward trend with a 2.5% increase year-over-year. This slower growth rate in the apartment sector may indicate a larger demand for houses in the region or a more significant inventory of apartments.
The population of Carman is approximately 15,000 and has been growing at a rate of 3.4%. This increase in population is likely contributing to the demand for housing and can be seen as a positive sign for the real estate market’s vitality.
Investment Opportunities and Potential
Given the steady rise in property values, Carman represents an appealing opportunity for real estate investors. The continuous population growth implies an ongoing demand for housing, which could sustain rental markets as well as potential resale value increases. Single-family homes appear to be leading the market trends with stronger growth, suggesting that they might offer better capital appreciation prospects in the short to mid-term.
For those looking to invest in rental properties, apartments can be an attractive option due to their lower entry price point. While they may not appreciate as quickly as houses based on current trends, they may provide a stable rental income supported by demographic growth and an influx of residents seeking more affordable living options.
Future Market Outlook
The future outlook for Carman’s real estate market remains optimistic. If the current trends continue—supported by population growth and economic stability—the market should maintain its upward trajectory. However, investors should keep an eye on external factors such as interest rates and regional economic developments that could impact buyer affordability and overall demand.
Considering the steady rise in home values and persistent population increase, Carman’s housing market displays potential resilience against possible downturns. The data indicates that investing now could result in respectable returns over time as long as market conditions remain favorable.
