Erickson, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Erickson, Manitoba, the real estate market is currently experiencing steady growth. The median house price in the region stands at $485,000, reflecting a 2.8% year-over-year increase. This suggests a stable market with moderate appreciation in property values, which is favorable for homeowners seeking to maintain their investment value. The median apartment price has reached $295,000 with a slower growth rate of 1.5% year-over-year. This difference in growth rates between houses and apartments may indicate a stronger demand for single-family homes in Erickson.
The population of Erickson has grown to 15,200 residents, showing a healthy increase of 2.7%. Population growth can be a key driver for housing demand, and the current trend points to potential upward pressure on real estate prices as more people look to move into the area.
Investment Opportunities and Potential
The steady housing price increase and consistent population growth highlight Erickson as an attractive area for real estate investment. Single-family homes are particularly promising due to their higher appreciation rate compared to apartments. Investors looking for long-term capital gains might consider entering the market now before prices potentially rise further.
Moreover, the slower growth rate in apartment prices could present an opportunity for investors focusing on rental income. With a growing population and more individuals potentially seeking affordable housing options, investing in apartments could meet this demand while providing investors with steady rental yields.
Future Market Outlook
Looking ahead, Erickson’s real estate market shows signs of continued resilience and growth. The consistent population increase is likely to sustain demand for housing, both for purchase and rent. If these demographic trends continue alongside economic stability within the region, it is reasonable to anticipate further property value appreciation over time.
However, potential investors should also consider external economic factors such as interest rates changes and national economic health that could influence local market conditions. Staying informed about both local and broader economic indicators will be crucial in making well-informed investment decisions in Erickson’s real estate market.
