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, is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy and growing market that is keeping pace with broader national trends. Similarly, the apartment sector has seen a more modest growth rate of 2.1% year-over-year, with the median apartment price reaching $300,000. Given Cooksville’s population of 15,000 and an impressive population growth rate of 7.1%, demand for housing is likely to continue increasing, which might sustain or even accelerate current price trends.
Investment Opportunities and Potential
Investment opportunities in Cooksville seem promising, particularly in residential properties. The current market conditions suggest that there is a growing demand, likely driven by the significant population growth. For investors looking at long-term capital appreciation, Cooksville presents potential given the consistent upward trend in house prices. In addition to outright property purchases, investment in rental properties could also be lucrative as the increasing population may lead to higher rental demand. This could be particularly attractive in the apartment sector which has seen a slightly lower price increase compared to houses, suggesting there might be room for growth.
Future Market Outlook
The future market outlook for Cooksville appears optimistic. The robust population growth rate suggests that the demand for housing will remain strong, which should underpin property values and potentially lead to continued growth in median house and apartment prices. While current trends point towards a stable and growing market environment, investors must also consider broader economic factors such as interest rates, employment levels, and regional development plans that could influence future market dynamics.
