Dundalk, Ontario 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 (2024) | 15,000 |
| Previous Population (2019) | 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
Current Market Conditions and Trends
As of the latest data, Dundalk, Ontario’s real estate market is experiencing steady growth. The median house price in the area stands at $500,000, marking a year-over-year increase of 3.5%. This consistent uptick in housing prices suggests a stable market that is gradually appreciating over time. Similarly, the median apartment price has also seen growth, currently at $300,000 with a slightly lower year-over-year increase of 2.1%. This differentiated growth rate between houses and apartments could indicate a varying demand or a shift in housing preferences within the community.
Investment Opportunities and Potential
The ongoing trends in Dundalk’s real estate market reveal promising opportunities for investors. The steady increase in property values reflects confidence and potential for long-term capital gains. Given the current figures—median house and apartment prices rising by 3.5% and 2.1% respectively—investors might find more robust growth potential in the housing market compared to apartments.
Furthermore, with a population growth rate of 7.1%, Dundalk is likely experiencing an influx of residents seeking accommodation, which could drive demand for rental properties. Investors might consider this demographic change as an opportunity to invest in rental units or develop properties to meet the increasing housing demand.
Future Market Outlook
The future outlook for Dundalk’s real estate market appears optimistic based on current trends and demographic shifts. With a significant population growth rate of 7.1%, it can be anticipated that demand for housing will continue to rise, potentially leading to an upward pressure on prices if supply does not keep pace.
In light of these conditions, stakeholders such as developers and government bodies will need to address any emerging supply constraints to maintain balanced market conditions. Assuming effective management of supply-and-demand dynamics, Dundalk’s real estate market could very well sustain its growth trajectory, offering a favourable environment for both homeowners and investors alike.
