Chiasson, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Chiasson, New Brunswick, the real estate market is currently experiencing a steady growth in property values. The median house price stands at $490,000, with a year-over-year trend showing an increase of 3%. This increment indicates a healthy demand for housing in the area. Meanwhile, apartments are slightly more affordable with a median price of $295,000, and they too have seen an appreciable growth at a rate of 1.8% year-over-year. The positive trends in both housing types suggest that Chiasson’s real estate market is robust and has remained resilient amidst broader economic conditions.
Investment Opportunities and Potential
The investment potential in Chiasson’s real estate market appears promising, especially for long-term investors. With the population growing at a rate of 3.3%, there is an increasing demand for housing that could drive property values up. Given the current trends, investing in residential properties could yield substantial returns as the market continues to grow. Both individual homebuyers looking for stability and appreciation over time, as well as rental property investors aiming for income generation, will find opportunities here. The consistent growth trend presents a less volatile investment compared to markets with sharp increases or decreases in property values.
Future Market Outlook
The future outlook of the Chiasson real estate market remains optimistic based on current data. The steady growth in population suggests a sustained demand for housing which may continue to push property prices upward at a moderate pace. Assuming no major economic disruptions occur, the real estate market in Chiasson is likely to maintain its current trajectory of gradual growth. Investors and homebuyers can expect a stable market environment with potential for continued property value appreciation and investment returns over the coming years.
