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Ellisville, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $520,000
Monthly growth 1.0%
Quarterly trend 4.0%
Stock on market 0.6%

Apartment

Median price $310,000
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 $520,000
4 bedrooms $650,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $360,000
3 bedrooms $470,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 15,000
Population Change 3.3%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis






Ellisville, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Ellisville, Ontario has exhibited steady growth over the past year. With a median house price currently sitting at $520,000, the market has seen an appreciable year-over-year increase of 4%. This suggests a healthy demand for housing that is slightly outpacing the national average in terms of price growth.

Similarly, the median apartment price in Ellisville stands at $310,000, having grown at a more modest rate of 2.5% year-over-year. This indicates that apartments are a more accessible entry point into the property market for buyers, though they are also appreciating in value steadily.

The local population of approximately 15,500 residents is growing at a robust rate of 3.3%, which is substantially higher than many other regions. This demographic expansion is likely driving demand for both rental and owner-occupied housing.

Investment Opportunities and Potential

The growth trends in Ellisville’s housing market present several investment opportunities. For investors looking at the long-term horizon, the consistent appreciation in house prices offers potential for capital gains. Additionally, the strong population growth may lead to increased rental demand, making buy-to-rent properties an attractive option.

The lower median price for apartments compared to houses suggests an opportunity for investors to enter the market at a more affordable level with potentially lower risk and still benefit from the overall upward trend in property values.

Given the current trends and demographic factors, investment strategies could include purchasing single-family homes for resale or renting, acquiring apartment units with an aim to capitalize on both rental income and value appreciation, or even engaging in new construction projects to meet ongoing demand.

Future Market Outlook

The future outlook for Ellisville’s real estate market remains positive. Assuming that current economic conditions persist and interest rates remain favorable, it is likely that we will continue to see incremental growth in property values across both houses and apartments.

The sustained population growth not only fuels immediate housing demand but also contributes to longer-term economic development that can support rising property values over time. The infrastructure developments and job creation typically associated with growing communities could further bolster Ellisville’s real estate market.

In conclusion, while short-term fluctuations are always possible due to external economic factors, the underlying trends indicate that Ellisville represents a stable and potentially profitable market for real estate investment with a cautiously optimistic outlook for continued growth.