Conn, 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 Conn, Ontario is currently experiencing stable growth. With a median house price of $500,000, the market has seen a reasonable year-over-year increase of 3.5%. This indicates a healthy demand for housing and a competitive market for sellers. The median apartment price stands at $300,000, with a more modest appreciation trend of 2.1% year-over-year.
The population of Conn has grown to 15,000 residents, reflecting a significant growth rate of 7.1%. This population increase suggests an expanding local economy and could be indicative of further demand for housing as new residents seek homes. The combination of steady price appreciation and population growth points towards a robust market that is attracting both homeowners and investors.
Investment Opportunities and Potential
The current trends in Conn’s real estate market reveal promising opportunities for investors. The steady growth in house prices coupled with the continuous influx of new residents due to the 7.1% population growth, presents potential for both short-term gains through property flipping and long-term investment through rental properties.
As the median apartment price increase lags slightly behind houses at 2.1%, investors might find more competitive prices in the multi-family dwelling segment. This can be an attractive entry point for those looking to capitalize on rental demand that is likely to rise as the population continues to grow.
Investors should also consider future infrastructure developments, local economic initiatives, and any changes in zoning laws when evaluating the long-term potential of their investments in Conn.
Future Market Outlook
The future outlook for Conn’s real estate market remains optimistic. Based on current trends, including steady price increases and significant population growth, it can be anticipated that the demand for housing will continue to rise. If the local economy keeps pace with this growth by providing jobs and maintaining quality of life, there is no reason to expect a downturn in the near future.
In light of these factors, both home values and rent rates may see continued growth, albeit potentially at a more moderate pace as the market adjusts to new inventory and ongoing economic conditions. Investors looking at long-term horizons should monitor key economic indicators such as employment rates, infrastructure projects, and regional development plans which will play crucial roles in shaping the future landscape of Conn’s real estate market.
