Chelmsford, 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 Chelmsford, Ontario is currently experiencing a steady increase in property values. With the median house price sitting at $500,000 and witnessing a 3.5% year-over-year growth, the market is demonstrating resilience and continued buyer interest. Similarly, the median apartment price has reached $300,000, with a more modest growth trend of 2.1% year-over-year. This suggests that single-family homes are in higher demand compared to apartments, or possibly experiencing a tighter supply.
The local population of 15,000 has grown by an impressive 7.1%, indicating that Chelmsford is becoming an increasingly attractive place for new residents. This population growth can fuel housing demand, potentially putting upward pressure on prices as the supply of homes may not keep pace with the increasing number of potential buyers.
Investment Opportunities and Potential
The consistent growth in housing prices shows positive signs for investors looking for capital appreciation opportunities in Chelmsford’s real estate market. The combination of a growing population and rising property values suggests that there is ongoing demand for housing, which can be advantageous for both long-term rental strategies and short-term flipping investments.
In particular, the stronger performance of single-family homes offers an appealing opportunity for investors focused on this segment of the market. However, apartments with their lower entry price point could be attractive for first-time investors or those looking to capitalize on potential rental demand from individuals or small families who may find houses less affordable.
Investors should also consider local economic factors, infrastructure developments, and community services that can affect the real estate market’s stability and growth potential in Chelmsford.
Future Market Outlook
The future outlook for Chelmsford’s real estate market appears cautiously optimistic. Given the solid population growth rate and consistent appreciation of home values, it is likely that the demand for housing will continue to rise. Should this trend persist, we may expect further increases in property values. Nevertheless, it is essential to monitor external economic factors such as interest rates, employment rates, and regional economic policies that could influence buyer affordability and overall market conditions.
In conclusion, while current trends point towards a healthy market with investment potential, both homebuyers and investors should remain vigilant about broader economic indicators and local developments that could affect Chelmsford’s real estate trajectory in the coming years.
