Dutton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Dutton, Ontario, is currently experiencing a period of moderate growth. With a median house price of $515,000, the market has seen a year-over-year increase of 4%. This steady rise in housing prices indicates a healthy demand for residential properties in the area. The apartment sector is also showing positive movement with a median price of $310,000 and a somewhat slower year-over-year growth of 2.5%. The current trends suggest that the real estate market in Dutton remains accessible yet competitive.
2. Investment Opportunities and Potential
Investors looking to capitalize on the Dutton real estate market may find attractive opportunities particularly in the housing sector due to its stronger growth rate. Given the steady population increase of 1.3%, there is potential for ongoing demand for both rental and owner-occupied properties. The consistent growth trend adds confidence to investment prospects with expectations for continued appreciation in property values. Investors should consider diversifying their portfolio with both houses and apartments to leverage different segments of the market.
3. Future Market Outlook
The future outlook for Dutton’s real estate market appears promising. Population growth is likely to sustain demand for housing, and if current trends continue, property values are expected to keep rising steadily over the next few years. However, investors and homebuyers should be cognizant of broader economic factors that could influence interest rates and affordability which might impact the pace of growth in the real estate market. Careful monitoring of both local and national economic indicators will be crucial for those looking to make informed decisions in this region’s property market.
