Delhi, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
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 | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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
The real estate market in Delhi, Ontario is currently experiencing a steady growth in property values. The median house price stands at $525,000, which reflects a year-over-year increase of 4.2%. Similarly, the median apartment price has reached $310,000, marking a slower yet consistent year-over-year rise of 2.5%. These trends indicate a healthy demand for housing in the area.
The population growth of 3.3% in this community of approximately 15,500 residents suggests that Delhi is becoming an increasingly attractive location for individuals and families seeking residential opportunities outside larger urban centers. Consequently, this growth is likely to continue driving demand for housing.
Investment Opportunities and Potential
In light of the current market conditions, Delhi presents numerous investment opportunities, particularly for those interested in long-term capital appreciation. The steady increase in property prices suggests that investments made today have the potential to yield significant returns over time.
Investors might consider single-family homes due to their higher appreciation rate of 4.2% compared to apartments. However, apartments should not be overlooked as they offer a more accessible entry point into the market at a median price of $310,000 and are suitable for investors looking for rental properties to cater to smaller households or individuals.
The ongoing population increase enhances the potential for rental income stability and growth as more people seek accommodation within the region. Moreover, as remote work becomes more prevalent, areas like Delhi may benefit from urbanites looking for more affordable living spaces outside of major cities.
Future Market Outlook
The future market outlook for Delhi’s real estate remains positive. With population figures on the rise and a clear trend towards steady property value increases, both residential and investment buyers can be cautiously optimistic about their real estate ventures in this area.
Barring any unforeseen economic events or shifts in national housing policies, it is reasonable to expect that the demand for homes in Delhi will continue to grow alongside its population. This sustained demand is likely to support further property value appreciation over the coming years.
Nevertheless, potential investors and homebuyers should keep abreast of both local and national economic indicators as they can influence mortgage rates, availability of financing options, and overall affordability — all factors that can impact the real estate market dynamics in Delhi.
