Chatsworth, 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 Chatsworth, Ontario real estate market is currently experiencing steady growth. With a median house price of $500,000, the market has seen a modest year-over-year increase of 3.5%. Similarly, the apartment sector is also showing positive growth with a median price of $300,000 and a 2.1% year-over-year trend. This suggests a healthy demand for housing in the area.
The population of Chatsworth stands at 15,000 and has experienced a significant growth of 7.1%, which is above average and indicative of an influx of new residents to the area. This increasing population is likely contributing to the demand for housing and can be seen as a strong driver for the real estate market’s current trends.
Investment Opportunities and Potential
Given the current market trends and population growth in Chatsworth, there are several promising investment opportunities. The growth in median house prices suggests that purchasing residential properties could yield solid returns over time. Investors should consider both single-family homes as well as multi-unit dwellings, given the consistent rise in property values.
Apartments also present an attractive investment opportunity with their 2.1% year-over-year growth rate. As the population continues to expand, demand for rental properties is likely to increase, potentially driving up rental yields for investors.
The consistent market growth aligned with population expansion provides investors with a sense of stability and potential for long-term capital gains in Chatsworth’s real estate market.
Future Market Outlook
The future outlook for Chatsworth’s real estate market remains optimistic. Population growth is a key indicator of housing demand, and with an impressive 7.1% rise in residents, it’s expected that this will continue to bolster the housing market.
If current trends persist, we can anticipate further increases in property values across both houses and apartments. However, investors should stay informed on local economic developments and infrastructure investments that could influence future market conditions.
In summary, based on current data and trends, Chatsworth’s real estate market presents an appealing prospect for potential investors looking for positive medium to long-term outcomes.
