Dunedin, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $320,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $340,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Dunedin, Ontario, the real estate market has been experiencing steady growth. The median house price currently stands at $525,000, reflecting a year-over-year increase of 4%. This trend showcases a stable and consistently appreciating housing market. Similarly, apartment properties have seen a rise in value with the median price at $320,000 and an annual growth rate of 2.5%. These numbers indicate a healthy demand for housing in the region, driven by factors such as local economic conditions and demographic changes. With a population of approximately 15,500 that has grown by 3.3%, Dunedin is becoming an increasingly popular choice for residents seeking both lifestyle and investment opportunities.
2. Investment Opportunities and Potential
For investors looking at Dunedin’s real estate landscape, the steady price increase for both houses and apartments suggests a reliable market with potential for long-term capital gains. The sustained population growth further supports this potential, signaling ongoing demand for rental properties. Investors can expect a favorable rental yield given the area’s popularity among families and professionals. Additionally, new infrastructure developments or community projects could provide impetus for future value appreciation in both residential segments.
3. Future Market Outlook
The outlook for Dunedin’s real estate market remains positive based on current trends and demographic data. With a robust population growth rate at 3.3%, there is likely to be continued demand for housing which will support property values over time. Assuming the continuation of current economic conditions, the housing market is expected to maintain its upward trajectory with respect to property values and investment viability. Policymakers and developers will play key roles in ensuring that supply meets demand, which will help sustain market balance and prevent overheating. Prospective buyers should observe local development plans closely as these can impact future property values significantly.