Dartmouth, Nova Scotia 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 | $420,000 |
3 bedrooms | $500,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
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
In Dartmouth, Nova Scotia, the real estate market is currently exhibiting steady growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is showing signs of healthy demand. Similarly, the median apartment price is at $300,000, with a slower yet positive growth trend of 2.1% year-over-year. These statistics indicate a robust and stable housing market.
The local population of approximately 15,000 has grown by 3.4%, suggesting an increasing demand for housing due to demographic expansion. This population growth can be attributed to Dartmouth’s appeal as a residential community with its proximity to Halifax, amenities, and lifestyle attractions.
Investment Opportunities and Potential
Investors examining Dartmouth’s real estate market will find potential in both the residential housing and apartment sectors. The steady appreciation in property values presents an opportunity for long-term capital gains. Furthermore, the ongoing population growth enhances the possibility for rental investments as there is likely to be a sustained demand for rental properties.
Given the current trends, investing in properties near key areas such as downtown Dartmouth or close to major employers could yield substantial returns. Additionally, new developments or properties requiring renovations may offer investors a chance to enter the market at a lower price point and add value.
Future Market Outlook
The future outlook for Dartmouth’s real estate market remains optimistic. The continuation of population growth at a rate of 3.4% will likely fuel housing demand further. Moreover, if current economic conditions persist and interest rates remain favourable, the market could maintain its upward trajectory.
As more individuals seek residences outside of larger cities like Halifax while still wanting to stay connected to urban centres, Dartmouth stands out as an attractive option due to its location and quality of life. This dynamic suggests that both house and apartment markets will continue experiencing positive growth in the foreseeable future.