Cooksville, 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 Cooksville, Ontario, has been exhibiting steady growth. The median house price currently stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes in the area. The apartment sector is also showing growth, albeit at a more moderate pace. The median apartment price is $300,000, with an upward trend of 2.1% over the past year.
With a population of 15,000 that has grown by 7.1%, Cooksville is experiencing demographic pressures that are likely contributing to the housing demand. This population growth suggests a robust community on the rise, which is a positive sign for real estate investors and homeowners alike.
Investment Opportunities and Potential
The consistent growth in property values in Cooksville points to solid investment opportunities, particularly for long-term investors looking to benefit from capital appreciation. The stronger performance of detached homes suggests that these may offer better potential for return on investment due to higher demand.
However, apartments should not be overlooked as they represent an accessible entry point into the market for new investors or those with more modest budgets. The steady increase in apartment prices implies a reliable investment with stable returns.
Given the population expansion and the corresponding need for housing, investors might also consider exploring new construction opportunities or renovating existing properties to cater to the influx of residents seeking modern living spaces.
Future Market Outlook
The future market outlook for Cooksville appears optimistic. Continued population growth will likely maintain pressure on housing supply, potentially driving prices upward over time. The current trends suggest that both houses and apartments will remain attractive investment options as long as the local economy remains stable and supportive of the real estate market.
Investors and potential homebuyers should keep an eye on economic indicators such as employment rates, new infrastructure projects, and government policies impacting real estate to stay ahead of market shifts. Nonetheless, based on present data, Cooksville’s real estate market carries promising prospects for sustainable growth in the foreseeable future.
