Dunnville, 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
Dunnville, Ontario currently showcases a real estate market with a median house price of $500,000, which reflects a steady year-over-year increase of 3.5%. This gradual appreciation indicates a stable market with sustained demand. Similarly, the median apartment price stands at $300,000, growing at a slightly slower pace of 2.1% year-over-year. These trends suggest that the market is accessible to both homeowners and investors, with potential for continued growth across different property types.
The population of Dunnville is approximately 15,000 and has been experiencing a significant growth rate of 7.1%. This demographic expansion is a critical driver for housing demand and can lead to increased investment in residential properties as the population continues to rise.
Investment Opportunities and Potential
Given the steady increase in property values and the notable population growth, Dunnville presents promising investment opportunities. The consistent appreciation in house prices suggests that investments in residential real estate could yield solid returns over time. Additionally, the area’s increasing population could signal an upcoming demand for rental properties, making it an opportune time for investors to enter the rental market or expand their existing portfolios.
The more moderate growth in apartment prices compared to houses indicates an undercurrent of affordability that might appeal to first-time homebuyers or individuals looking for investment properties that are easier to manage and may provide quicker cash flow through rentals.
Future Market Outlook
Looking forward, Dunnville’s real estate market appears poised for continued growth. The robust population increase suggests ongoing demand for housing which should keep the real estate market active and competitive. Assuming external economic factors remain stable, the trends indicate that both the housing and apartment markets are likely to maintain their current trajectories of steady appreciation.
Investors should monitor local development plans and infrastructure improvements as these could further enhance property values. Careful analysis of specific neighbourhoods within Dunnville will be crucial for identifying areas with the highest potential for appreciation or rental income.
In conclusion, Dunnville’s real estate market offers enticing opportunities for investors and homebuyers alike. With a healthy balance of growth in property values and demographic expansion, this market has the fundamentals in place to support a positive outlook over the near to mid-term future.