Elizabethtownkitley, 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 (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 Elizabethtown-Kitley, Ontario is experiencing steady growth, as indicated by the 3.5% year-over-year increase in median house prices, which currently stand at $500,000. This upward trend suggests a resilient market that continues to attract homebuyers despite broader economic uncertainties.
Apartments are also seeing a positive trajectory, albeit at a more modest pace, with a 2.1% year-over-year increase bringing the median apartment price to $300,000. This slower growth rate compared to houses may reflect a market preference for more spacious living accommodations or a larger inventory of apartments available for sale.
The population of Elizabethtown-Kitley has grown by 7.1%, indicating an increasing demand for housing as more people choose to call this area home. The population surge is likely contributing to the competitive nature of the real estate market and could be driving the steady appreciation in property values.
Investment Opportunities and Potential
Given the steady climb in property values and significant population growth, Elizabethtown-Kitley presents an appealing opportunity for real estate investors. The consistent increase in house prices points to strong investment potential, particularly for those who are looking to purchase residential properties for long-term capital gains.
The market’s robust performance suggests that rental properties could also offer stable returns. Investors might find particular opportunities in the apartment sector due to its lower entry price point and the growing demand for rental units among residents who may not be ready or able to purchase their own homes.
New developments and infrastructure projects spurred by population growth could further enhance property values and investment returns over time. As such, both residential and commercial real estate investments have the potential for healthy returns in this expanding market.
Future Market Outlook
Looking forward, the Elizabethtown-Kitley real estate market appears poised for continued growth. The ongoing population expansion is likely to sustain demand for housing, supporting both price stability and gradual appreciation over time.
If current trends persist, investors can expect continued modest growth in apartment prices while houses may see higher rates of appreciation due to their increasing demand. However, as with any investment, potential risks such as economic downturns or changes in mortgage rates could impact future market conditions.
The local government’s approach to managing growth through development plans and zoning policies will also play a critical role in shaping the future landscape of Elizabethtown-Kitley’s real estate market. Careful monitoring of these factors will be essential for making informed investment decisions moving forward.
