Delaware, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Delaware, Ontario is currently experiencing steady growth. The median house price in the region stands at $520,000, reflecting a 4.2% increase year-over-year. This suggests a stable upward trend in property values for single-family homes. In contrast, the median apartment price is currently $310,000, with a slightly lower growth rate of 2.5% year-over-year. This discrepancy between house and apartment price trends could indicate a higher demand for more spacious living accommodations or a preference for detached homes in this market.
2. Investment Opportunities and Potential
With the observed steady growth in housing prices and a moderate increase in apartment values, Delaware presents attractive opportunities for both residential investors and potential homeowners. The consistent appreciation of property values points to a healthy investment environment where equity gains can be anticipated over time. Additionally, the population of Delaware has grown by 3.3%, which may lead to increased demand for housing and augur well for both rental and resale markets in the area.
3. Future Market Outlook
The future outlook of Delaware’s real estate market appears promising given the current trends and demographic data. The population growth is an encouraging sign that may drive further demand for housing in the area. If these growth rates continue along with economic stability, it is reasonable to expect that both the house and apartment markets will maintain their upward trajectory, albeit at different paces.
Investors and homebuyers should remain cautiously optimistic as they watch for consistent patterns of growth and consider local economic factors that could influence the market’s performance down the line. Factors such as employment rates, infrastructure developments, and interest rates will play significant roles in shaping the future of Delaware’s real estate landscape.
