Dunlop, New Brunswick 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
The real estate market in Dunlop, New Brunswick is currently characterized by steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is showing sustainable progress. The apartment sector follows a similar trajectory with a median price point of $300,000 and a slower growth rate of 2.1% year-over-year. This difference in growth rates between houses and apartments suggests that single-family homes are in higher demand compared to multi-family dwellings or that they may be appreciating due to factors such as size, amenities, or land value.
The population of Dunlop stands at 15,000 residents, which has grown by an impressive 7.1%. This influx is likely contributing to the demand for housing in the area, further supporting the market’s health and stability.
Investment Opportunities and Potential
With consistent growth in both the housing and apartment sectors, Dunlop presents attractive investment opportunities. The robust year-over-year increase in median house prices indicates that investing in residential properties could yield favorable returns. Additionally, the significant population growth rate underscores a rising demand for housing, which may benefit investors looking to engage with rental markets or property development.
Given the current trends, investors might also consider targeting the apartment market for long-term investment strategies. Although the apartment price trend is slightly more conservative at 2.1% growth annually, it still represents a stable market with potential for capital gains and ongoing rental income.
Future Market Outlook
The future real estate market outlook for Dunlop seems optimistic. The continued population growth implies an ongoing need for housing which could keep driving property values upward. Assuming that economic conditions remain favorable and that infrastructure development keeps pace with population expansion, the real estate market should maintain its current trajectory.
However, investors should remain vigilant about changes in local economic factors, interest rates, and national real estate regulations that could affect market dynamics. But if current trends persist, Dunlop’s real estate market may continue to offer promising opportunities for both residential property buyers and real estate investors alike.
