Dunchurch, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.9% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.3% |
Stock on market | 1.1% |
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 | $350,000 |
3 bedrooms | $425,000 |
Demographics
Current Population (2025) | 15,250 |
Previous Population (2020) | 15,000 |
Population Change | 1.7% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,800 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Dunchurch, Ontario
In the picturesque town of Dunchurch, Ontario, the real estate market has been demonstrating steady growth. The median house price currently stands at $485,000, reflecting a year-over-year increase of 4%. This incremental rise suggests a stable market that is attracting buyers looking for long-term value. Similarly, apartments are experiencing growth, albeit at a slower pace, with the median price hitting $295,000 and a 2.3% increase compared to the previous year.
The population of Dunchurch is on an upward trajectory as well, now counting 15,250 residents. This reflects a growth rate of 1.67%, indicating a burgeoning community that could drive further demand in housing. The current trends highlight a balanced real estate environment where both buyers and sellers can find opportunities for transactions that align with their expectations.
Investment Opportunities and Potential in Dunchurch
For investors eyeing the Dunchurch real estate market, there is potential for sound investment. With housing prices showing measured increases, purchasing property in this market could lead to appreciable capital gains over time. Particularly attractive might be single-family homes which have seen a more robust growth rate than apartments. This segment could offer more significant appreciation potential in the medium to long term.
Additionally, the steady population growth serves as an indicator of rental demand. Investors might explore opportunities in both the house and apartment markets for rental investments that promise consistent income and occupancy rates buoyed by the expanding local populace.
Future Market Outlook for Dunchurch Real Estate
Looking ahead, the real estate market in Dunchurch presents a positive outlook. With ongoing population growth and consistent increases in property values, it’s reasonable to anticipate continued stability and gradual appreciation in real estate prices. Policymakers and local government initiatives aimed at fostering economic development could further enhance this outlook by creating an even more robust job market and infrastructure improvements.
Prospective buyers may find long-term value in securing property now before prices potentially escalate further due to increased demand. For sellers, waiting might yield greater returns; however, the current conditions also provide an opportune moment to capitalize on the steady price increases already realized.
Cautious optimism should guide both investors’ and homeowners’ strategies as they navigate through Dunchurch’s growing but still predictable market landscape.