Glencoe, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $605,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 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 Glencoe, Ontario is currently experiencing steady growth. With a median house price of $495,000, the market has seen a year-over-year increase of 4%. This suggests a healthy demand for housing in the area, likely driven by both local factors and broader provincial economic trends. The median apartment price stands at $295,000, with a more modest growth rate of 1.9% year-over-year. This disparity between house and apartment price growth may indicate a stronger demand for single-family homes in this community.
Investment Opportunities and Potential
The investment potential in Glencoe is promising due to its solid population growth of 7.1%, which is significantly higher than the national average. This increase in population is a positive indicator for real estate demand, suggesting that both rental and sale markets could see sustained interest. Investors looking at the housing market can be cautiously optimistic about appreciation potential given the current growth trend. However, apartments seem to offer a lower growth rate, which may appeal to investors seeking more affordable entry points into the real estate market or those looking to cater to individuals who cannot afford higher-priced housing.
Future Market Outlook
The future market outlook for Glencoe remains positive. The continued population growth paired with consistent increases in property values suggests that the town may continue to be an attractive place to live and invest in the coming years. While no real estate market is without risk, current trends imply that investing in Glencoe’s real estate could be a smart move for those looking to capitalize on a growing small-town market. As always, potential investors should conduct thorough research and consider local development plans, economic factors, and other variables that could impact the future state of the market before making any decisions.
