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 period of steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy upward momentum. Similarly, the median apartment price stands at $300,000, with a slightly lower but still positive year-over-year trend of 2.1%.
These figures reflect a market that is attracting both homeowners and investors alike, driven by a robust population growth rate of 7.1%. This demographic expansion suggests a sustained demand for housing which could continue to bolster property values over time.
Investment Opportunities and Potential
Investors considering Dauphin’s real estate market can find promising opportunities given the town’s growing population and consistent property value appreciation. The single-family home segment, with a median price point of half a million dollars and climbing at 3.5% annually, offers solid potential for capital gains.
Apartments also present attractive investment prospects with their more modest median price of $300,000 and a 2.1% growth rate. These units may appeal to investors seeking more affordable entry points into the market or those looking to cater to renters who might be priced out of the single-family market.
The overall economic health indicated by the population growth provides an additional layer of confidence for investors seeking long-term appreciation as well as rental income stability.
Future Market Outlook
The future market outlook for Dauphin appears positive. With substantial population growth far outpacing many other regions, there is likely to be ongoing demand for housing in both the purchase and rental markets. This demographic trend, paired with the consistent rise in property values, positions Dauphin as a market with strong future performance potential.
Should current trends persist, investors and homeowners can reasonably expect continued appreciation in property values. However, it remains important for stakeholders to monitor economic drivers such as employment rates, infrastructure development, and regional policies that could impact the real estate landscape in Dauphin.
