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Dryden, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 3.2%
Stock on market 0.9%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $485,000
4 bedrooms $580,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $320,000
3 bedrooms $400,000

Demographics

Current Population (2025) 15,000
Previous Population (2020) 14,500
Population Change 3.4%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,800
Population Density (per km²) 1.4
Land Area (km²) 2,500.5

Market Analysis





Dryden, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

As of the latest market data, Dryden, Ontario presents a real estate market with a steady growth trajectory. The median house price in the area stands at $485,000, reflecting a year-over-year increase of 3.2%. This moderate appreciation rate indicates a stable market that is growing in line with inflationary trends and possibly wage growth, suggesting that housing in Dryden remains accessible to a significant segment of the population.

In contrast, the median apartment price is currently $295,000, which has grown at a slightly lower year-over-year rate of 2.5%. This could be indicative of a more significant demand for single-family homes or could point towards an opportunity in the apartment sector if demand increases. With Dryden’s population reaching 15,000 and experiencing a growth rate of 3.4%, there is potential for increased housing demand across all sectors.

Investment Opportunities and Potential

The real estate market in Dryden offers various investment opportunities. Given the current growth rate in property values, investors might find long-term capital gains in both residential houses and apartments. The fact that house prices are increasing at a slightly faster pace than apartments may suggest that single-family homes are currently more sought after, which could translate into higher rental yields for investors who choose to rent out their properties.

Furthermore, with the population rising steadily at a rate of 3.4%, there is an implied increase in demand for housing. This demographic trend can potentially open up opportunities for new residential developments and renovation projects to cater to the growing community’s needs.

Future Market Outlook

The future real estate market outlook for Dryden appears cautiously optimistic. The consistent growth in property values suggests confidence in the local economy and its real estate market. If current trends continue, coupled with sustainable economic development and population growth, Dryden may see ongoing appreciation in property values.

Investors and homebuyers should monitor factors such as employment rates, infrastructure development, and regional economic policies as these will significantly influence future market conditions. Nonetheless, if the town maintains its population growth and manages to attract further investment leading to job creation, the real estate market in Dryden is likely to remain buoyant and offer rewarding opportunities for both homeowners and investors alike.