Clarksburg, 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 in Clarksburg, Ontario
As of the current analysis, the real estate market in Clarksburg, Ontario, showcases stable growth with a median house price sitting at $500,000. This reflects a healthy year-over-year increase of 3.5%, indicating steady demand and a robust housing market. Similarly, the median apartment price is currently pegged at $300,000, with a more modest appreciation trend of 2.1% year-over-year. Such figures suggest that while houses are experiencing stronger growth in value, apartments are also seeing upward momentum albeit at a slower pace.
The population of Clarksburg has grown to 15,000 residents, which is indicative of substantial growth at a rate of 7.1%. This significant increase in inhabitants is likely contributing to the demand for housing and driving the observed appreciation in home values. The data suggests that both residential properties and rental units could be seeing increased interest from new residents and investors alike.
Investment Opportunities and Potential in Clarksburg
The steady rise in property values across both houses and apartments presents promising investment opportunities in Clarksburg. The consistent growth pattern indicates that investments made in the current market could yield positive returns as property prices continue to trend upwards. Given the population growth rate of 7.1%, there is an implicit potential for increased rental demand, making buy-to-let investments particularly attractive. Additionally, the differential in growth rates between houses and apartments may open strategic avenues for investors looking to capitalize on different segments within the real estate market.
Future Market Outlook for Clarksburg Real Estate
The future outlook for Clarksburg’s real estate market appears optimistic. Considering the sustained population increase and consequent housing demand coupled with consistent price appreciation trends, it is reasonable to forecast continuous growth in the short to medium term. As more people are drawn to Clarksburg for its lifestyle or employment opportunities, it is likely that both the residential sales market and rental sector will remain strong.
Investors should keep an eye on economic factors that could impact interest rates and lending conditions as these will play significant roles in shaping future market dynamics. However, given current indicators—solid price increases alongside considerable population growth—it is projected that Clarksburg will maintain its trajectory as an appealing destination for homeowners and real estate investors alike.
