Delhi, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $305,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,700 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Delhi, Ontario, the real estate market is exhibiting steady growth. The median house price stands at $510,000, with a year-over-year increase of 4.2%. This indicates a healthy upward trend in the housing sector. Similarly, the median apartment price is currently $305,000, having risen by 2.5% over the past year. The population of Delhi has grown to 15,200, reflecting a robust growth rate of 3.4%. This demographic expansion is driving demand for housing in the area.
Investment Opportunities and Potential
The investment potential in Delhi’s real estate market is significant due to its consistent growth in property values and population. Housing prices are on an upward trajectory, suggesting that investments made now could yield substantial returns as market value continues to rise. Moreover, the increasing population could lead to higher rental demand, making buy-to-let properties particularly appealing for investors seeking sustained income streams and long-term capital appreciation.
Future Market Outlook
Looking forward, the outlook for the Delhi real estate market remains optimistic. The continued population growth is expected to maintain pressure on housing demand, thereby potentially driving further price increases. Infrastructure development and community investments are likely to enhance the desirability of living in Delhi, which can contribute positively to the real estate market’s vibrancy. Prospective investors and homeowners should monitor local economic indicators and development plans closely as they may influence future market performance.
