Delaware, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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 | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| 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 in Delaware, Ontario
The real estate market in Delaware, Ontario is currently characterized by moderate growth. The median house price stands at $525,000, which represents a year-over-year increase of 4.2%. This suggests a steady demand for housing in the area, with prices growing at a sustainable rate. Similarly, the median apartment price is $320,000, climbing at a slightly lower year-over-year rate of 2.5%. The population of Delaware has reached 15,200 and continues to grow at an annual rate of 1.3%, potentially contributing to the ongoing demand for residential properties.
Investment Opportunities and Potential in Delaware’s Real Estate Market
Given the steady upward trend in property values, Delaware presents several promising investment opportunities. The consistent rise in the median house and apartment prices indicates a reliable appreciation of real assets over time. For investors looking for long-term capital gains, the residential market appears favourable. Moreover, the sustained population growth suggests that rental properties could also offer a stable income stream as the demand for housing may remain strong due to new residents seeking accommodation.
Future Market Outlook for Delaware’s Real Estate
The outlook for the real estate market in Delaware, Ontario remains positive based on current trends and demographic indicators. Assuming no major economic disruptions occur, the market is poised for continued growth. The steady population increase should support the demand for housing and help maintain healthy property value appreciation. However, investors should monitor local developments such as infrastructure projects or changes in zoning laws that could impact future property values and rental market dynamics.
