Clarington, Ontario 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Clarington, Ontario remains vibrant and dynamic. With a current median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. This growth rate indicates a healthy demand for residential properties, which is likely driven by several factors including the area’s economic stability and quality of life. Similarly, the median apartment price stands at $300,000 with a growth trend of 2.1% over the same period. These statistics reflect steady appreciation rates that are attractive to both potential homeowners and real estate investors.
Clarington’s population has seen a significant growth rate of 7.1%, suggesting a burgeoning community that is both attracting new residents and retaining existing ones. This demographic trend is likely putting upward pressure on housing demand, thereby influencing both prices and the speed at which properties are being sold.
Investment Opportunities and Potential
The consistent appreciation in property values coupled with growing population figures highlight Clarington as an attractive location for real estate investment. The moderate yet stable growth in house prices suggests that investors might see sustainable long-term capital gains without the volatility seen in more overheated markets.
Furthermore, the relatively more affordable apartment sector presents an opportunity for investors looking to enter the market at a lower price point or seeking rental property investments. Given the population growth, there is potential for an increased demand for rental units, which can lead to positive rental yield prospects for investors.
Future Market Outlook
Looking ahead, Clarington’s real estate market outlook appears optimistic. The combination of steady price increases and significant population growth positions the market on a trajectory for continued expansion. Should these trends persist, we can anticipate ongoing investment opportunities with the potential for both capital appreciation and rental income generation.
However, it is important to note that external economic factors such as interest rates, employment rates, and broader provincial housing policies can influence future market performance. Investors and homebuyers should maintain an informed perspective by keeping abreast of such developments when making real estate decisions in Clarington.
