Cheltenham, 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 | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $460,000 |
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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Cheltenham, Ontario, currently exhibits a stable growth pattern. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of healthy demand. This increment reflects a sustained interest in the area’s housing sector, potentially influenced by Cheltenham’s local amenities and its proximity to larger economic centers.
The median apartment price stands at $300,000 with a more modest year-over-year growth of 2.1%. This slower rate of increase suggests that while there is an appetite for more affordable dwelling options like apartments, the market might be experiencing a larger supply or less aggressive demand compared to houses.
With a population of 15,000 that has grown by 7.1%, Cheltenham is on an upward trajectory in terms of demographics. This population growth can drive housing demand further, given the influx of residents seeking accommodation within the community.
Investment Opportunities and Potential
Investors looking at Cheltenham will find an attractive market with several opportunities for both short-term gains and long-term investment potential. The steady growth in housing prices indicates room for capital appreciation over time. Given the solid population increase, rental properties could offer consistent income streams as more people move into the area seeking housing.
For those interested in flipping properties or developing new residential projects, the current market conditions suggest that such endeavors could be met with adequate demand. The key will be to carefully assess local needs and preferences, ensuring that any investment aligns with what homebuyers or renters are looking for in Cheltenham’s evolving real estate landscape.
Future Market Outlook
The future outlook for Cheltenham’s real estate market appears cautiously optimistic. Assuming that the current trends persist—moderate price increases and robust population growth—the market could sustain its upward momentum. However, investors and homeowners should remain vigilant about broader economic conditions that could impact interest rates, employment levels, and overall affordability within the region.
The sustained growth in population hints at a continued demand for housing which bodes well for both property values and rental markets. Should Cheltenham maintain its appeal through strategic community development and infrastructure investments, it may continue to attract new residents who contribute positively to the real estate market vitality.
