Glenboro, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $390,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Glenboro, Manitoba is currently experiencing moderate growth. With a median house price of $495,000, which represents a 3.3% increase year-over-year, the market is showing signs of steady appreciation. Similarly, apartments are becoming more valuable with a median price of $295,000, following a 2% rise over the past year. These trends indicate a healthy demand for housing in the area.
Investment Opportunities and Potential
Glenboro presents several investment opportunities, particularly for those looking to enter the residential market. The steady increase in property values suggests that buying real estate here could be a solid long-term investment. Moreover, with a population growth rate of 3.4%, demand for housing is likely to remain strong or even increase, potentially leading to higher rental yields for investors as well as appreciation benefits.
Future Market Outlook
The future outlook for Glenboro’s real estate market looks promising. The consistent population growth coupled with rising property values points towards ongoing demand and potential for further price increases. If current economic and demographic trends continue, investors can expect to see a continuation of the gradual growth pattern in the medium to long term, making Glenboro an attractive location for both residential and rental market investments.
