Crossfield, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Crossfield, Alberta is currently experiencing moderate growth. The median house price stands at $490,000, which represents a 2.8% increase year-over-year. This suggests a stable market with consistent demand for single-family homes. Similarly, the apartment sector shows a positive trend with the median apartment price at $295,000 and a 1.8% rise year-over-year. The population of Crossfield has reached approximately 15,500 people, growing at a rate of 3.3%. This steady demographic expansion supports the ongoing demand for housing in the area.
Investment Opportunities and Potential
Given the current growth trends, Crossfield offers promising investment opportunities. The steady increase in property values indicates a healthy market where investments are likely to appreciate over time. Single-family homes, with their higher year-over-year price increase, present a particularly attractive option for investors looking for capital gains. Apartments also offer potential, especially for investors seeking rental properties to cater to those who prefer affordable housing options or are not ready to enter the homeownership market.
Future Market Outlook
The future outlook for Crossfield’s real estate market remains optimistic based on its consistent growth patterns and demographic trends. As long as the population continues to grow at a healthy rate, demand for housing is likely to remain high. Moreover, given that current price trends are positive but not overly inflated, there is room for sustainable growth without the immediate fear of market overheating or a bubble. Investors and homebuyers can be cautiously optimistic about entering the Crossfield real estate market.
