Duttondunwich, 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 | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| 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/Dunwich, Ontario, is currently characterized by steady growth. With a median house price of $525,000 and an annual increase of 4%, the market shows consistent appreciation in property values. The apartment sector is also experiencing growth, albeit at a slightly slower pace, with a median price of $320,000 and a year-over-year price trend of 2.5%. This suggests a balanced market that is attractive to both homeowners and investors. The population of Dutton/Dunwich has reached 15,500 and continues to grow at a rate of 3.3% per year, indicating a healthy demand for housing driven by demographic factors.
Investment Opportunities and Potential
The ongoing population growth paired with moderate price appreciation presents several investment opportunities within Dutton/Dunwich’s real estate market. Investors may find potential in single-family homes, given the more robust growth rate in this sector. The increasing population suggests that rental properties could also be an attractive option as more people may look for housing options within the area. The relatively stable increase in property values indicates that investments made now have the potential for capital gains in the medium to long term.
Future Market Outlook
Looking ahead, the future market outlook for Dutton/Dunwich is positive. Assuming that current trends continue, the combination of steady population growth and manageable property price increases bodes well for both sustainable growth and long-term investment stability. This balanced growth trajectory should continue to attract new residents while providing an environment conducive to investment. However, investors should remain mindful of broader economic conditions and local developments that could affect these trends as they unfold.
