Dickson, Alberta 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
1. Current Market Conditions and Trends
The real estate market in Dickson, Alberta, currently sits at a median house price of $500,000, which has experienced a year-over-year increase of 3.5%. This indicates a steady growth in the housing market, reflecting a robust demand for residential property. On the other hand, the median apartment price is listed at $300,000, with a slower yet consistent year-over-year increase of 2.1%. The observed trends suggest that while both housing and apartment markets are growing, houses are experiencing a slightly higher appreciation rate.
2. Investment Opportunities and Potential
Considering the solid growth in property values and the substantial population growth of 7.1%, Dickson presents lucrative investment opportunities. The rising demand for housing associated with population increases can lead to higher rental yields for investors. In addition to this, the differential growth rates between houses and apartments may influence investor strategies; houses might be seen as potentially higher-growth assets over apartments in the current climate.
3. Future Market Outlook
The future outlook for Dickson’s real estate market appears promising due to its significant population growth rate and consistent appreciation of property values. Assuming these trends continue, we can anticipate sustained demand for both ownership and rental properties, potentially driving prices upward further. Investors should monitor local development plans and employment trends as these factors will contribute to the long-term desirability and value of real estate in Dickson.