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 (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
Current Market Conditions and Trends
In Dundalk, Ontario, the real estate market is currently experiencing a steady growth trajectory. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing market is showing signs of sustainable growth. The apartment sector, with a median price of $300,000 and a slightly lower year-over-year increase of 2.1%, suggests that while there is growth in this area as well, it is at a more modest pace.
The population in Dundalk has seen a significant rise of 7.1%, indicating a growing demand for housing in the area. This demographic trend could be influencing the steady price increases as more individuals and families are drawn to the community. The current market conditions are characterized by an equilibrium between supply and demand, leading to stable prices that benefit both buyers and sellers without creating an overheated market environment.
Investment Opportunities and Potential
Given Dundalk’s steady growth in population and house prices, investment opportunities within the real estate sector appear promising. The consistent appreciation rates suggest that investing in residential properties could yield solid returns over time. For investors looking for long-term gains, single-family homes present a viable option due to their higher year-over-year price trend compared to apartments.
However, apartments should not be overlooked as they offer a more accessible entry point into the real estate market for first-time investors or those with limited capital. With the population increase fueling rental demand, income properties such as apartment buildings could benefit from higher occupancy rates and stable rental income streams.
Additionally, Dundalk may also present opportunities for development projects due to its expanding population base. Investors interested in new construction could capitalize on the need for additional housing units tailored to meet the diverse needs of the growing community.
Future Market Outlook
The outlook for Dundalk’s real estate market remains optimistic based on current trends and demographic data. The sustained population growth bodes well for continued demand for housing. If these trends persist, one can reasonably expect further gradual increases in property values across both housing and apartment sectors.
While no market is entirely predictable, indicators such as economic stability, low unemployment rates, and ongoing community development projects can contribute positively to the future health of Dundalk’s real estate market. Potential investors should monitor local economic drivers closely while considering macroeconomic factors that could influence interest rates and borrowing costs.
In conclusion, Dundalk offers balanced investment potential with sound prospects for those looking at both immediate returns through rental properties and long-term asset appreciation. As always, potential investors should conduct thorough due diligence and consult with real estate professionals before making any financial commitments.