Croton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Croton, Ontario is currently experiencing a steady growth, as indicated by the median house price of $525,000, which reflects a year-over-year increase of 4%. Similarly, apartments in Croton have seen a growth in value, with the median price reaching $315,000 and an annual appreciation rate of 2.8%. These trends suggest a healthy demand for housing in the area.
The population of Croton has also shown significant growth at a rate of 3.3%, which is likely contributing to the increased demand for housing. With a current population of 15,500, the real estate market is expected to remain vibrant due to the continuous influx of residents.
Investment Opportunities and Potential
Given the steady increase in property values and a growing population, Croton presents itself as an attractive location for real estate investment. The positive trends in house and apartment prices indicate that there is ongoing interest and confidence in the market. Investors can capitalize on both long-term equity growth and potential rental income, especially considering the sustained population growth which may drive demand for housing.
Additionally, with apartment prices appreciating at a slightly lower rate than houses, there may be an opportunity for investors to enter the market at a more accessible price point while still benefiting from the region’s overall growth.
Future Market Outlook
The future outlook of Croton’s real estate market remains optimistic. The consistent rise in property values coupled with robust population growth suggests that demand for housing will continue to drive the market forward. As long as economic conditions remain stable and interest rates are favorable, we anticipate that both residential property owners and investors will see continued appreciation in their assets.
However, it is essential for stakeholders to monitor factors such as employment rates, infrastructure development, and government housing policies, as these could significantly impact future market dynamics. Overall, Croton’s real estate market shows promising signs for sustainable growth over the coming years.
