Dutton, 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
The real estate market in Dutton, Ontario, is currently experiencing a period of steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation rates that are slightly above the national average. Similarly, the median apartment price stands at $300,000, which has risen by 2.1% over the past year. This suggests a robust market for different types of housing options within Dutton.
The population growth of 7.1% indicates that Dutton is becoming an increasingly popular place to live, likely driving demand for housing in the area. This population increase can be attributed to various factors such as the town’s quality of life, employment opportunities, and its proximity to larger markets offering additional amenities and services.
Investment Opportunities and Potential
Dutton’s real estate market offers attractive investment opportunities given its steady growth trends. The consistent rise in house prices indicates a strong potential for capital gains over time. Investors looking for long-term growth may find single-family homes particularly appealing due to their higher appreciation rate.
Apartments also present an opportunity for investors seeking lower entry points into the real estate market or those interested in rental income streams. With a moderate appreciation rate of 2.1%, apartments in Dutton could be a relatively safe investment with potential for yield and long-term value retention.
Given the population increase, there is also potential for development projects that cater to the growing demand for both residential and mixed-use properties. Investors willing to explore new construction or renovation projects might find untapped potential in Dutton’s expanding market.
Future Market Outlook
The future outlook for Dutton’s real estate market remains positive based on current trends and demographic data. The consistent population growth suggests that demand for housing will continue to rise, potentially leading to tighter inventory levels and further price increases if supply does not keep up with demand.
The ongoing trends in price appreciation for both houses and apartments show no immediate signs of reversing, pointing towards a sustained period of growth ahead. However, investors should remain aware of broader economic factors that could impact interest rates and affordability – two key elements that could influence future market conditions.
In conclusion, while short-term fluctuations are always possible, the data suggests that Dutton’s real estate market holds promise for continued growth and offers various opportunities for savvy investors attentive to local and national economic indicators.
