Gotham, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
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 | $480,000 |
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
1. Current Market Conditions and Trends
The real estate market in Gotham, Ontario, is currently experiencing steady growth. With a median house price of $525,000 and a year-over-year increase of 4%, the market is showing signs of healthy expansion. The demand for houses in this area is robust, reflecting the broader trends in the Canadian housing market where limited supply often drives up prices.
Similarly, the apartment sector is witnessing a consistent rise in value with the median apartment price now standing at $320,000, which has climbed by 2.8% over the past year. This moderate appreciation rate suggests that apartments are also a sought-after commodity, but with a slightly less aggressive price trajectory compared to houses.
The population of Gotham has reached 15,500 residents, growing at an impressive rate of 3.3%. This influx can be attributed to factors such as employment opportunities, quality of life, and affordability compared to major metropolitan areas. The population growth is a strong contributor to the demand for housing and reflects positively on the vitality of the local real estate market.
2. Investment Opportunities and Potential
Gotham’s real estate market offers promising investment opportunities. The steady climb in house prices indicates a stable investment environment for single-family homes. Investors looking to capitalize on capital gains may find these properties particularly appealing given their consistent appreciation.
The apartment market also presents potential for investors seeking rental income. With population growth outpacing new construction, rental demand is likely to remain high, leading to potentially lucrative returns on investment through rental properties.
As urbanization continues and Gotham’s infrastructure expands to accommodate its growing population, areas poised for development could represent strategic opportunities for long-term land investment or new construction projects.
3. Future Market Outlook
The future outlook for Gotham’s real estate market remains positive. The sustained population growth should continue to drive demand for both houses and apartments. Assuming economic conditions remain favorable and interest rates stable, we can expect further moderate appreciation in property values across the board.
New housing developments and infrastructure projects could potentially increase supply and stabilize price growth rates in the long term. However, given the current trends and demographic momentum, Gotham’s real estate market looks set to be a solid performer in Ontario’s diverse property landscape for the foreseeable future.
