Easterville, Manitoba 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
The real estate market in Easterville, Manitoba is currently experiencing steady growth. With a median house price of $500,000, the town is seeing a year-over-year increase of 3.5%. This suggests that the housing market is healthy and appreciating at a moderate pace, indicating a stable demand for residential properties. The apartment sector shows similar positive momentum but with slightly lower growth, marked by a median price of $300,000 and a year-over-year growth of 2.1%. This could be indicative of a more balanced market or possibly a greater demand for single-family homes over apartments.
Investment Opportunities and Potential
The ongoing population growth in Easterville, which stands at 7.1%, points towards an expanding local economy and potential for increased housing demand. Investors may find attractive opportunities in both purchasing homes for long-term appreciation and investing in rental properties to cater to the growing population. Given the current trends, single-family homes present strong investment prospects with potentially higher capital gains due to their higher appreciation rate. However, apartments should not be overlooked as they can offer more affordable entry points into the real estate market and could appeal to smaller households or those seeking lower maintenance lifestyles.
Future Market Outlook
The future outlook for Easterville’s real estate market remains optimistic based on the consistent growth patterns observed. The combination of solid property value increases and substantial population growth is likely to continue driving demand. As long as the local economy keeps pace with this demographic expansion, we can expect sustained or possibly increased levels of property appreciation. Investors should remain vigilant for any shifts in economic conditions that might affect consumer confidence and the housing market but can generally view Easterville as a promising location for real estate investment.
