Geraldton, 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
In Geraldton, Ontario, the real estate market is experiencing steady growth. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This trend indicates a healthy demand for single-family homes, reflecting both local confidence and interest from external investors. Meanwhile, the median apartment price has climbed to $300,000, showing a slightly lower but consistent appreciation rate of 2.1% year-over-year. These statistics suggest a balanced market where both housing and apartments are gradually increasing in value.
Investment Opportunities and Potential
The real estate market in Geraldton presents numerous investment opportunities. With a population that has grown by 7.1%, there is an expanding base of potential renters and buyers, particularly for those looking to invest in rental properties or developments targeted at this growing demographic. The consistent rise in property values indicates a sustainable growth trajectory that could benefit long-term investors. Additionally, the divergence in appreciation rates between houses and apartments may present a strategic decision point for investors considering the type of property that aligns best with their investment goals.
Future Market Outlook
The future outlook for Geraldton’s real estate market appears optimistic. Given the solid population growth coupled with increasing property values, it is likely that the demand for housing will continue to support market expansion. As long as economic conditions remain stable and if the region continues to attract new residents due to employment opportunities or lifestyle benefits, one can expect the real estate market to maintain its upward trend. However, potential investors should monitor local economic indicators and development plans as these factors could significantly affect market dynamics.
