Centralia, 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 (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 Centralia, Ontario, currently presents a stable environment with continued growth in property values. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This trend indicates a healthy demand for single-family homes, likely driven by both local buyers and external investors seeking residential properties.
In contrast, the apartment sector has experienced modest growth with the median apartment price at $300,000 and an annual appreciation rate of 2.1%. The slower pace in the apartment market may be attributed to a variety of factors including investor preferences for larger properties or a saturation in the apartment market segment.
The population of Centralia has grown to 15,000 residents, showcasing a significant growth rate of 7.1%. This rapid increase suggests an influx of new residents possibly due to employment opportunities, lifestyle amenities, or other socioeconomic factors that are making Centralia an attractive place to live.
Investment Opportunities and Potential
Investment opportunities within Centralia’s real estate market appear promising, particularly in the housing sector due to its consistent appreciation. The steady increase in median house prices suggests that investments in residential real estate hold potential for capital gains over time. Additionally, the strong population growth could lead to increased rental demand, potentially offering investors favorable rental yields.
The apartment segment offers a more affordable entry point for investors and may appeal to those looking for long-term investment horizons or diversification within their real estate portfolio. Given the current trends, there is opportunity for value appreciation although it may occur at a more gradual pace compared to houses.
Future Market Outlook
The future outlook for Centralia’s real estate market remains optimistic. The sustained population growth is likely to continue fueling housing demand which could keep upward pressure on property values. If the current trends persist, both housing and apartment sectors can expect further year-over-year price increases though possibly at different rates.
As Centralia develops and potentially attracts more businesses and residents, infrastructure improvements and community investments could further enhance property values. Investors and homebuyers should monitor local economic developments closely as these will have direct implications on the future performance of the real estate market.
In conclusion, Centralia represents a dynamic market with robust growth indicators. While individual investment decisions should be based on thorough due diligence and personal financial objectives, overall market data points towards a positive trajectory for real estate values in this Ontario community.
