Chesley, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $430,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $355,000 |
| 3 bedrooms | $465,000 |
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 Chesley, Ontario is currently experiencing steady growth. With a median house price of $510,000 and a year-over-year increase of 4%, the market is showing signs of a stable upswing. Similarly, the median apartment price has reached $315,000, following a moderate annual appreciation rate of 2.5%. The population of Chesley stands at 15,500 and has been growing at a rate of 3.3%, which suggests an increasing demand for housing in the area.
Investment Opportunities and Potential
Given the consistent growth in property values, Chesley presents itself as an attractive location for real estate investors. The steady increase in median house prices indicates that investing in residential properties could yield solid capital gains over time. Additionally, the apartment market also shows promise with its positive price trend. With population growth outpacing national averages, rental demand is likely to rise, potentially leading to higher rental yields for investors focusing on apartments or multi-family units.
Future Market Outlook
The future outlook for Chesley’s real estate market appears optimistic. The sustained population growth suggests ongoing demand for housing will continue to drive the market forward. If current trends persist, both property appreciation and investment returns could remain favorable. However, investors should stay informed about local economic developments and infrastructure projects that may influence property values and rental dynamics. Vigilance regarding changes in interest rates and lending policies is also recommended as these factors can impact buyer affordability and investment strategies.
