Gloucester, 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 Gloucester, Ontario is currently experiencing a period of steady growth. With a median house price of $500,000 and an annual price increase of 3.5%, the housing sector demonstrates resilience in the face of economic fluctuations. Apartments are also seeing a consistent upward trend with a median price set at $300,000 and a year-over-year increase of 2.1%. This growth trajectory is supported by the area’s expanding population, which has surged by 7.1% recently, suggesting a strong demand for housing in both the private sale and rental markets.
Investment Opportunities and Potential
Investors considering Gloucester will find promising opportunities given the steady appreciation rates in residential property values. The moderate but consistent house price trend indicates a stable market that could offer long-term capital gains for investors. As population growth continues to outpace national averages, demand for housing is expected to remain strong, potentially leading to tighter inventory levels and higher occupancy rates for rental properties. Investors should consider both traditional home purchases as well as apartment investments to cater to different segments of the market.
Future Market Outlook
The future outlook for Gloucester’s real estate market appears optimistic. The combination of healthy population growth and ongoing property value appreciation suggests that the demand for real estate will continue to rise. If these trends persist, Gloucester may see further tightening in its housing market, potentially resulting in increased prices and lower vacancy rates. Long-term investors might benefit from the expected stability and gradual growth, making this an opportune time to enter the market or expand existing portfolios within the region.
