Dauphin, Manitoba 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 Dauphin, Manitoba is currently experiencing a steady increase in property values. With median house prices at $500,000 and showing a year-over-year growth of 3.5%, the market reflects a consistent upward trend. Apartments have also seen an appreciation in value, with the median price sitting at $300,000 and witnessing a slower but stable annual growth of 2.1%. The population of Dauphin has reached 15,000 residents, which has grown by 7.1%. This notable population growth suggests an increasing demand for housing which could be supporting the rising property values in the area.
Investment Opportunities and Potential
Given the solid growth trends in both the house and apartment sectors, Dauphin presents promising investment opportunities. The continuous rise in median house prices indicates a healthy demand for single-family homes, which may be attractive to investors looking for long-term capital gains. The apartment market also offers potential for those interested in catering to smaller households or looking for rental income properties. With a significant population increase, there is likely to be ongoing demand for various types of housing, making real estate investments in Dauphin potentially lucrative.
Future Market Outlook
The future outlook for Dauphin’s real estate market appears positive. Population growth remains robust at 7.1%, suggesting that demand for housing will continue to rise. If current trends persist, we can anticipate further appreciation in property values. However, investors and homebuyers should remain aware of broader economic factors such as interest rates and employment levels which could influence market dynamics. Careful monitoring of local development plans and infrastructure investments will also be crucial to understand potential impacts on future property values.
