Edmundston, New Brunswick 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 Edmundston, New Brunswick is currently experiencing a period of moderate growth. With a median house price of $500,000, the market has seen an increase of 3.5% year-over-year. This indicates a steady upward trend in property values, reflecting a healthy demand for homes in the area. Similarly, the median apartment price has reached $300,000, with a slower growth rate of 2.1% year-over-year.
This current pace suggests that the market is stable without any rapid inflation or deflation in prices. The population of Edmundston stands at 15,000 and has seen a substantial growth of 7.1%. This demographic shift is likely contributing to the sustained demand for housing and may be indicative of an influx of new residents seeking employment opportunities or lifestyle changes in this community.
Investment Opportunities and Potential
Given the steady increase in housing prices and significant population growth, Edmundston presents various investment opportunities. The consistent rise in property values suggests that purchasing residential real estate could yield profitable returns over time. Investors may find particular potential in single-family homes due to their higher appreciation rate indicated by the 3.5% increase in median house prices.
Moreover, the expansion in population size hints at future demands for rental properties, making apartment buildings and multifamily units attractive investment options as well. With a moderate growth rate for apartment prices at 2.1%, investors might expect stable rental income and long-term capital appreciation.
Future Market Outlook
The future outlook for Edmundston’s real estate market appears promising. The combination of steady price growth and significant population increases lays a strong foundation for continued market health. Assuming current trends persist, investors and homeowners can likely anticipate ongoing appreciation in property values.
The demographic trend also suggests that there will be sustained or increased demand for various types of housing as new residents settle into the area. Future developments in local infrastructure and the economy could further bolster this positive outlook if they create more jobs and enhance the quality of life in Edmundston.
In summary, those considering entering the Edmundston real estate market can do so with reasonable confidence in its stability and potential for growth. As always, prospective buyers and investors should monitor local economic indicators alongside real estate trends to make informed decisions tailored to their individual objectives.
