Gloucester, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gloucester, Ontario, is currently experiencing steady growth. With a median house price of $525,000 and an annual increase of 4.2%, the market shows healthy appreciation. Similarly, the median apartment price stands at $315,000, with a slightly more modest year-over-year growth of 2.8%. This growth is supported by the area’s increasing population, which has risen by 3.3%, suggesting that demand for housing in Gloucester may continue to rise as more people choose to make it their home.
Investment Opportunities and Potential
For investors considering Gloucester for real estate opportunities, the market conditions are promising. The steady growth in house prices indicates a strong potential for capital gains over the long term. Apartments offer a lower entry point into the market at $315,000 and also present potential for rental income given the population growth. Investors should note that Gloucester’s strategic location near Ottawa makes it an attractive option for those who work in the city but prefer more residential surroundings.
Future Market Outlook
Looking ahead, Gloucester’s real estate market appears poised for continued growth. The consistent upward trend in property values coupled with solid population increases suggests that demand will remain robust. As such, both short-term investors looking to flip properties and long-term investors seeking rental income properties might find lucrative opportunities in this market. It remains important for potential investors to keep an eye on economic indicators and regional development plans that could affect future market dynamics.
