Chestermere, Alberta 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Chestermere, Alberta, is currently characterized by steady growth. With a median house price of $500,000 and an annual appreciation of 3.5%, the market is showing healthy upward momentum. This trend is slightly lower for apartments, which have a median price of $300,000 and are experiencing a year-over-year increase of 2.1%. The sustained price growth in both housing categories indicates a stable demand for residential properties.
Chestermere’s population has reached 15,000, with a robust growth rate of 7.1%. This significant influx of residents is likely adding pressure to the housing market, potentially driving up demand and prices in the near term. The combination of population growth and consistent price appreciation suggests that the market is dynamic and could be an attractive option for homeowners and investors alike.
Investment Opportunities and Potential
The continuous population growth paired with steady price increases points towards a healthy investment environment in Chestermere. Given the city’s proximity to Calgary, it serves as an appealing alternative for those seeking suburban living with accessible urban amenities. The current trends suggest that investing in residential properties could yield favorable returns as demand remains strong amidst limited supply.
Investors may find particular opportunities in single-family homes due to their higher year-over-year price increase compared to apartments. However, apartments should not be overlooked as they offer a more accessible entry point into the real estate market and may appeal to first-time homebuyers or individuals looking for smaller, maintenance-friendly living spaces.
With infrastructure developments likely on the horizon to accommodate the growing population, new construction and development projects could also present lucrative opportunities for real estate investment in the region.
Future Market Outlook
The future outlook for Chestermere’s real estate market remains positive. The city’s strong population growth is expected to continue fuelling demand for housing. Although no real estate market is without risk, current trends indicate that property values are likely to maintain an upward trajectory over the medium term.
Investors should monitor factors such as interest rates, local economic conditions, and national housing policies, as these can significantly impact market dynamics. Nonetheless, if Chestermere maintains its current growth pattern without encountering major economic headwinds, it stands to remain an appealing market for both residential buyers and real estate investors looking towards long-term capital gains.
