Dunchurch, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.5% |
| Total Private Dwellings | 6,000 |
| 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 Dunchurch, Ontario, is currently experiencing a period of moderate growth. The median house price in the area stands at $500,000 with a year-over-year price trend increase of 3.4%. Meanwhile, the median apartment price is at $310,000, which has risen by 2.5% from the previous year. This suggests a steady market that is progressing towards higher valuation, albeit at a sustainable rate.
The population growth of 3.45% indicates a burgeoning demand for housing as more people are drawn to the region. This uptick in population can be attributed to various factors such as employment opportunities, lifestyle preferences, and overall community development. This growth may continue to put upward pressure on both demand and prices in the local housing market.
Investment Opportunities and Potential
Dunchurch presents several attractive investment opportunities in the real estate sector. Given the steady appreciation rates for houses and apartments, long-term investments could yield significant returns as the market matures and expands. Investors should consider the current trends indicating that single-family homes are appreciating slightly faster than apartments; however, both segments of the market offer potential for capital gains.
Further potential lies in rental properties due to the rising population. Newcomers to Dunchurch may initially seek rental accommodations before purchasing homes, creating a strong rental market with consistent demand. This scenario presents an opportunity for investors to provide rental solutions while benefiting from appreciating property values over time.
Future Market Outlook
The future outlook for Dunchurch’s real estate market appears optimistic based on current data and trends. As the population continues to grow at a healthy rate of 3.45%, it can be anticipated that demand for housing will remain robust, further driving up property values and encouraging new construction to meet this growing need.
The current pace of appreciation suggests that Dunchurch’s housing market is moving forward without signs of overheating. This measured growth provides room for sustainable expansion and limits the risk of sudden market corrections or downturns. Overall, investors and homeowners can maintain a positive outlook on their real estate holdings in Dunchurch, with expectations of continued growth in value and investment opportunities.
