Fredericton, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.9% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.3% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $570,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $350,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 16,000 |
Previous Population (2020) | 15,500 |
Population Change | 3.2% |
Total Private Dwellings | 6,500 |
Occupied Private Dwellings | 6,000 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Fredericton, New Brunswick, the real estate market is currently experiencing a steady increase in property values. The median house price stands at $485,000, which indicates a 2.9% year-over-year growth. This suggests a stable market with moderate growth that does not appear to be overheated. For apartments, the median price is slightly lower at $295,000, following a similar upward trend with a 2.3% increase over the past year.
These trends are occurring against a backdrop of population growth, with Fredericton seeing an increase of 3.2%. This demographic change can contribute to greater demand for housing and may indicate future upward pressure on property prices if the supply does not keep pace with demand.
Investment Opportunities and Potential
The current real estate trends in Fredericton suggest that investment opportunities are promising, particularly for long-term investors. Given the steady growth in both housing and apartment prices, investors might expect continued appreciation in property values. Moreover, the population growth hints at a robust rental market, which could benefit landlords looking for consistent rental income.
The relative affordability of apartments compared to houses suggests there may be more room for growth in this segment as well. Investors could potentially see higher yields on apartment properties as they are more accessible to a larger portion of the population, including first-time homebuyers and smaller families.
Future Market Outlook
The future market outlook for Fredericton’s real estate seems cautiously optimistic. With a growing population and consistent price increases, demand is likely to remain strong. However, it is essential for potential investors to keep an eye on local economic factors and housing supply developments that could affect market dynamics.
If the city can manage its growth sustainably and continue attracting new residents through job creation and quality of life enhancements, the real estate market should maintain its upward trajectory. Nonetheless, it’s crucial for stakeholders to monitor interest rates, construction levels, and government housing policies as these factors could significantly influence the market’s direction.