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
The real estate market in Geraldton, Ontario, is currently experiencing a period of steady growth. With a median house price at $500,000, the year-over-year increase of 3.5% suggests a healthy demand for single-family homes. The median apartment price stands at $300,000, with a more modest annual growth rate of 2.1%. These trends indicate a balanced market that is accessible to both first-time homebuyers and downsizers.
Investment Opportunities and Potential
Geraldton presents several attractive opportunities for real estate investors. The consistent growth in housing prices points to a stable investment environment with the potential for long-term capital gains. Additionally, the population of Geraldton has grown by 7.1%, signaling an increasing demand for housing as more individuals and families choose to settle in the area. Rental properties, particularly apartments, may offer lucrative returns given the growing population and their affordability compared to single-family homes.
Future Market Outlook
Looking ahead, the future market outlook for Geraldton’s real estate appears optimistic. Population growth is likely to continue driving demand for housing, which could sustain or even increase current price trends. Infrastructure developments and economic factors will also play critical roles in shaping the trajectory of the market. Investors and buyers should keep an eye on local developments that may impact property values and rental demand, but current indicators suggest that Geraldton’s real estate market holds promise for sustained growth.
