Trending
A red, white, and black flag with a white background.

Cleveland, Nova Scotia 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





Cleveland, Nova Scotia Real Estate Market Analysis

1. Current Market Conditions and Trends

The real estate market in Cleveland, Nova Scotia, is currently characterized by moderate growth. With a median house price sitting at $500,000 and an annual appreciation of 3.5%, the market is demonstrating stable upward momentum. Meanwhile, the median apartment price is observed at $300,000, with a slightly lower year-over-year growth rate of 2.1%.

The community’s population has experienced significant growth, currently standing at approximately 15,000 residents, with a robust increase of 7.1%. This demographic expansion is indicative of an increasing demand for housing, both in the ownership and rental segments.

2. Investment Opportunities and Potential

Cleveland’s real estate market presents various investment opportunities for stakeholders looking to capitalize on its potential. The steady increase in property values suggests that purchasing residential real estate could be a sound long-term investment. Investors may consider acquiring single-family homes due to their higher appreciation rates or explore the apartment sector for more affordable entry points and consistent rental demand.

The area’s population growth also signals a potential for development projects to meet the rising housing demand. As such, there’s room for investors interested in new construction or renovation of existing properties to satisfy the preferences of a growing populace.

3. Future Market Outlook

The future outlook for Cleveland’s real estate market remains optimistic based on current trends and demographic indicators. Assuming the continuation of current economic conditions and population trends, the local housing market is likely to sustain its growth trajectory.

The consistent rise in median home prices suggests that homeownership in Cleveland is perceived as a valuable investment with expected future appreciation. The ongoing population increase should continue to underpin demand for housing. However, investors must remain cognizant of potential economic shifts and policy changes that could impact market dynamics.

In conclusion, Cleveland’s real estate market currently presents itself as an attractive option for investors seeking stable growth and returns in a burgeoning community.