Earlton, 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 Earlton, Ontario is currently experiencing a steady growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This trend suggests a stable demand for single-family homes. The apartment sector is also showing positive momentum, albeit at a slightly slower pace, with the median apartment price reaching $300,000 and witnessing an annual growth of 2.1%. The population of Earlton has reached approximately 15,000 residents, which reflects a robust population growth rate of 7.1%, further supporting the housing demand.
Investment Opportunities and Potential
The consistent rise in property values indicates a healthy investment climate in Earlton. With the median house price growing by 3.5%, investors can expect to see their investments appreciate over time. The strength in the single-family home market presents an opportunity for both rental and resale strategies. Similarly, the apartment segment offers potential for those looking to invest in multi-unit residential properties due to its upward pricing trend. Given the significant population growth, rental demand is likely to remain high, providing investors with the possibility of strong rental yields.
Future Market Outlook
The Earlton real estate market is positioned for continued growth in the near future. The combination of steady price increases and significant population growth suggests that housing demand will persist. Assuming no major economic disruptions occur, the market could maintain its current trajectory. Investors should keep an eye on factors such as interest rates, employment rates, and regional economic developments that could impact buyer affordability and influence market dynamics. Overall, Earlton’s real estate market presents a promising outlook for sustained long-term growth and investment potential.
