Grafton, New Brunswick 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
In Grafton, New Brunswick, the real estate market is showing a stable growth pattern. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is demonstrating resilience and consistent demand. Similarly, the apartment sector has experienced a year-over-year price increase of 2.1%, with the median apartment price now standing at $300,000.
This steady growth can be attributed to several factors, including Grafton’s appealing local amenities and its strong community bonds. The area’s population has grown by 7.1%, which suggests an increasing demand for housing and potential upward pressure on property prices in the future.
Investment Opportunities and Potential
The current trends point towards promising investment opportunities in Grafton’s property market. Investors considering the residential sector will find the 3.5% increase in house prices indicative of a healthy investment environment with potential for capital gains.
Apartments in Grafton present an attractive entry point for investors seeking a more affordable option, with a median price of $300,000 and a moderate growth trend. The demographic expansion implies that rental properties may also benefit from heightened demand, potentially leading to higher occupancy rates and rental yields.
Future Market Outlook
The future real estate market outlook for Grafton remains optimistic. The town’s population growth rate of 7.1% outpaces many other regions and serves as a key indicator of future housing demand. As long as this demographic trend continues, pressures on the housing supply could drive further price increases.
While there are no guarantees in real estate, current patterns suggest that both house and apartment markets are expected to maintain their upward trajectories. This sustained growth makes Grafton an attractive location for both short-term investors looking for flips and long-term investors seeking steady appreciation.
Overall, based on current data and trends, Grafton’s real estate market holds considerable promise for investment opportunities across various housing sectors.
