Colchester, 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 Colchester, Ontario is currently experiencing steady growth. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the area which can be attributed to various factors including the town’s amenities and its proximity to larger urban centers. Meanwhile, the median apartment price is $300,000, with a slightly lower year-over-year growth of 2.1%. This suggests that the market for apartments is also growing but at a more modest pace compared to houses.
Investment Opportunities and Potential
With a population of 15,000 and a noteworthy population growth rate of 7.1%, Colchester is showing signs of an expanding community. This demographic trend offers significant opportunities for investors looking to enter the residential real estate market. Investment in single-family homes could be particularly promising given the higher growth rate in house prices. For those interested in the rental market or more affordable investment options, the apartment sector presents potential due to its consistent appreciation and the increasing demand for rental units stemming from population growth.
Future Market Outlook
The future real estate market outlook for Colchester points towards continued growth. Given the solid population increase and sustained economic development in the region, housing demand is expected to remain robust. The steady year-over-year price increases for both houses and apartments suggest that the market is likely to maintain its upward trajectory without signs of overheating. Investors and prospective homebuyers can view Colchester as an area with potential for stable long-term gains.
