Chesterville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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 Chesterville, Ontario is currently experiencing steady growth. With a median house price of $495,000, there has been a 4% year-over-year increase, indicating a healthy demand for residential properties. Similarly, the median apartment price is at $295,000, showing a slower yet consistent rise with a 1.9% year-over-year trend. This growth aligns with the population increase of 3.4%, demonstrating that Chesterville continues to attract residents, likely due to its affordable housing options when compared to larger urban centers.
Investment Opportunities and Potential
In light of the current market trends, investment opportunities in Chesterville look promising, especially in the residential sector. The continuous rise in property values suggests that investing in houses could yield significant returns as the market matures. Apartments also present a valuable investment opportunity due to their lower entry price point and increasing demand among smaller households or those seeking more affordable housing options.
The demographic trends indicate that Chesterville’s population growth will likely continue to fuel demand for housing. Investors could capitalize on this by focusing on both the construction of new homes and the renovation of existing properties to cater to the evolving needs of residents.
Future Market Outlook
The future outlook for Chesterville’s real estate market appears positive. Considering the steady population growth and ongoing demand for housing, it is reasonable to expect that property prices will continue their upward trajectory. The town’s affordability compared to larger cities may increasingly attract first-time homebuyers and individuals looking for more cost-effective living spaces.
As infrastructure expands and the local economy strengthens, Chesterville may see an influx of new residents seeking a balance between rural charm and urban convenience, potentially leading to greater development opportunities and sustained growth in the real estate sector.
