Exeter, 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 Exeter, Ontario is currently experiencing a period of moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This steady rise in home values indicates a healthy demand for residential properties. Similarly, the median price for apartments has seen a growth rate of 2.1% year-over-year, reaching $300,000. This less pronounced increase compared to houses points to a slightly softer apartment market but still reflects positive momentum.
Exeter’s population has grown by 7.1%, which is considerably higher than the national average, suggesting an inflow of residents that could be contributing to the demand for housing. The population now stands at approximately 15,000 people.
Investment Opportunities and Potential
The consistent growth in housing prices coupled with the robust population increase suggests that Exeter holds promising investment opportunities. The single-family home market shows slightly more vigorous growth, which may appeal to investors looking for potentially higher capital gains. However, apartments with a slower appreciation rate can be attractive for those seeking more affordable entry points into the property market or investing in rental properties.
Given the current trends, investments in areas set for infrastructure development or neighborhood improvements could yield higher returns as these enhancements often result in increased property values. Investors should also consider properties that cater to the growing demographic segments in Exeter, such as young families and professionals.
Future Market Outlook
The future real estate market outlook for Exeter remains optimistic based on current trends and demographic data. If the population continues to grow at the current rate or higher, it is likely that demand for housing will keep pace or even increase. This suggests a sustained or improving growth rate for property values over the medium term.
The stability of Exeter’s market is also underlined by its year-over-year price increases which are consistent but not indicative of an overheated market. This trend bodes well for investors who are wary of speculative bubbles and prefer markets with steady growth potential.
In conclusion, Exeter’s real estate market offers solid opportunities for investors with a range of strategies, from quick turnovers to long-term rentals. Monitoring local economic development initiatives and being aware of changes in consumer preferences will be key to capitalizing on this market’s potential.
