Freelton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 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 in Freelton, Ontario
The real estate market in Freelton, Ontario is currently experiencing a period of healthy growth. The median house price in the region sits at $550,000, demonstrating a year-over-year increase of 4.2%. This growth rate indicates a steady demand for housing in the area. Similarly, the median apartment price is $320,000, with a slightly lower growth trend of 3% year-over-year. These statistics suggest that while both segments of the market are growing, single-family homes are seeing slightly stronger appreciation.
The population of Freelton has been increasing at a rate of 3.3%, which is above the national average and signals a growing demand for residential properties. Such demographic trends often correlate with increased demand for housing, supporting both rental and sales markets.
Investment Opportunities and Potential in Freelton, Ontario
Given the steady growth in property values and a robust population increase, Freelton represents an attractive destination for real estate investors. The robust year-over-year price increases for both houses and apartments suggest that investments made now have strong potential for capital gains over time. Moreover, with the population growth outpacing many other regions, rental properties may benefit from high occupancy rates and potentially higher rental yields.
Investors may find particular opportunities in targeting the single-family home market due to its higher growth trend compared to apartments. However, as affordability becomes an issue with rising prices, apartments may offer an entry point for first-time homebuyers or those looking for more budget-friendly options, bolstering the investment case for multi-family units as well.
Future Market Outlook for Freelton, Ontario
The future real estate market outlook for Freelton is positive. With continued population growth projected and sustained economic development in the area, demand for housing should remain strong. If current trends hold, investors can expect ongoing appreciation in property values over the medium to long term.
However, potential investors should also be aware of broader economic factors such as interest rates and employment levels which could affect market dynamics. Monitoring these indicators will be crucial in making informed decisions about entering or exiting the Freelton real estate market.
In conclusion, Freelton’s real estate market offers promising opportunities tempered with considerations typical of any growing market. Careful analysis and strategic investment should yield positive outcomes for those looking to engage with this vibrant Ontario community.
