Featherstone, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| 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 | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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
Current Market Conditions and Trends
The real estate market in Featherstone, Ontario is currently experiencing steady growth. The median house price stands at $525,000, which represents a solid year-over-year increase of 4%. This indicates a healthy market with consistent demand for houses. Meanwhile, apartments are also seeing an upward trend, albeit at a slightly slower pace, with the median price at $315,000 and a growth rate of 2.5% over the past year.
The population of Featherstone has reached 15,500 residents, with a robust growth rate of 3.3%. This demographic expansion is an engine driving housing demand, both in terms of ownership and rentals. The current trends suggest that the market is balanced but could be leaning towards a seller’s advantage due to increasing demand fueled by population growth.
Investment Opportunities and Potential
Investors considering the Featherstone real estate market can find several promising opportunities. The consistent rise in property values indicates a market with good potential for capital appreciation. Single-family homes, given their higher growth rate, present an attractive option for long-term investment.
The apartment segment also offers investment potential due to its slightly lower entry cost and the growing population’s need for diverse housing options. Rental properties are likely to be in high demand, considering the influx of new residents and the general trend of rising property values. Investors could benefit from both rental income and property value appreciation over time.
The town’s suitable population growth rate further strengthens the case for real estate investment as it suggests sustained demand going forward. It is essential for investors to conduct thorough local market research to identify specific areas within Featherstone with the highest potential for return on investment.
Future Market Outlook
The future outlook for the Featherstone real estate market remains positive based on current indicators. Assuming that economic conditions remain stable and interest rates do not rise significantly, we can anticipate continued growth in property values. The 4% year-over-year increase in house prices may encourage more sellers to enter the market, thereby increasing inventory levels and potentially stabilizing prices after a period.
However, if population growth continues at or above the current rate of 3.3%, housing demands are expected to remain strong which could sustain or even accelerate current price trends in the short to medium term. Future infrastructure projects and economic development initiatives will also play crucial roles in shaping the real estate landscape of Featherstone.
In conclusion, while individual investment decisions should always be made based on careful consideration and professional advice tailored to one’s circumstances, overall trends suggest that Featherstone presents a compelling opportunity for both residential property buyers and real estate investors looking ahead.
