Clarington, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $590,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $525,000 |
| 3 bedrooms | $590,000 |
| 4 bedrooms | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $280,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 16,500 |
| Previous Population (2020) | 15,800 |
| Population Change | 4.4% |
| Total Private Dwellings | 6,800 |
| Occupied Private Dwellings | 6,300 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The Clarington real estate market is currently experiencing stable growth. The median house price stands at $590,000, marking a year-over-year increase of 4.2%. This uptick suggests a healthy demand for homes in the area, which may be driven by factors such as the region’s attractiveness to families and professionals alike. In comparison, the median apartment price is $320,000, with a more modest year-over-year increase of 2.5%. This difference in growth rates between houses and apartments indicates a stronger market preference for single-family homes.
Investment Opportunities and Potential
Given Clarington’s steady population growth of 4.4%, investment opportunities within the residential sector appear promising. The consistent rise in property values coupled with the town’s growing population of currently 16,500 residents points to a sustainable demand for housing. Investors looking for long-term capital appreciation may find single-family homes particularly attractive due to their higher growth rate. Apartments, while showing slower growth, present an opportunity for investors looking to enter the market at a lower price point or those interested in rental income streams.
Future Market Outlook
The outlook for Clarington’s real estate market remains optimistic. Population growth is likely to continue bolstering demand for housing, and if current trends persist, both the house and apartment markets should maintain their upward trajectories. However, potential investors and homeowners should monitor external economic factors such as interest rates and employment levels, which can significantly influence market conditions. With its current trajectory and favorable conditions, Clarington may continue to be an attractive market for both residential living and real estate investment.
