Carseland, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Carseland, Alberta, is currently experiencing a period of moderate growth. The median house price stands at $495,000, reflecting a year-over-year increase of 3.2%. This steady rise indicates a healthy demand for single-family homes in the area. Comparatively, the apartment market is also showing positive momentum, with the median apartment price at $295,000, having risen by 2% over the past year.
The population of Carseland has reached approximately 15,500 residents, growing at a rate of 3.3%. This growth is contributing to the demand for housing and suggests that the market is being driven by both local factors and an influx of new residents seeking residential opportunities.
Investment Opportunities and Potential
For investors considering Carseland’s real estate market, the current conditions suggest a stable environment for both short-term gains and long-term appreciation. Single-family homes present as particularly attractive investments due to their higher rate of price growth. The consistent increase in property values coupled with population growth points towards ongoing demand and potential for rental income.
Apartments offer a relatively lower entry point into the market at a median price of $295,000 and may appeal to investors looking for more affordable investment options or seeking to cater to individuals and smaller households.
Future Market Outlook
The future outlook for Carseland’s real estate market remains optimistic. Population growth is likely to sustain demand for housing, supporting continued appreciation in property values. The current trends suggest that both the single-family home market and apartment sector will continue to experience gradual growth.
However, investors should remain aware of broader economic factors that could impact the market such as interest rate changes, employment rates in Alberta, and regional economic development that may either bolster or dampen these positive projections.
