Dalkeith, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $305,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $355,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.7 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Dalkeith, Ontario
The real estate market in Dalkeith, Ontario, currently presents a stable environment with moderate growth. The median house price stands at $495,000, which reflects a year-over-year increase of 3%. This consistent uptick indicates a healthy demand for single-family homes, matched by a steady supply. Similarly, the median apartment price in Dalkeith is $305,000, with a slightly lower growth rate of 2.5% year-over-year. This could suggest that apartments are an attractive option for individuals looking for more affordable housing or investment properties.
Dalkeith’s population has grown by 4.8%, which is higher than the national average, signaling a robust local economy and potentially driving further demand in the housing market. As more people are attracted to the area, residential property values may continue to see an upward trend.
Investment Opportunities and Potential
With solid growth rates in both house and apartment prices, Dalkeith offers potential investment opportunities for those interested in the real estate market. The consistent appreciation of property values suggests that investments could yield positive returns over time. Moreover, the growing population implies an increasing demand for rental properties, presenting an opportunity for investors to cater to new residents who may not be immediately looking to purchase homes.
The relatively more significant increase in house prices compared to apartments might indicate that single-family homes are currently more sought after than apartments. However, with apartments appreciating as well, they represent a potentially lucrative investment for those looking to enter the market at a lower price point.
Future Market Outlook
The future outlook of the Dalkeith real estate market appears promising. The steady growth in property values coupled with ongoing population increases suggests sustained demand. If current economic conditions remain stable and the local job market continues to flourish, it can be anticipated that both residential and rental markets will maintain their upward trajectory.
Investors should monitor key factors such as interest rates, employment rates, and regional development projects that could influence the market dynamics. Given the current trends and barring any unforeseen economic shifts, Dalkeith’s real estate market is poised for continued growth making it an attractive area for both homebuyers and investors alike.
All data points indicate that Dalkeith is maintaining a healthy balance between affordability and growth potential. Stakeholders are encouraged to conduct thorough due diligence and consider long-term strategies to capitalize on this evolving market.
