Grafton, 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 Grafton, Ontario is currently experiencing a period of moderate growth. The median house price stands at $500,000, which reflects a steady year-over-year increase of 3.5%. This consistent rise in housing prices indicates a healthy demand for residential properties within the region. Similarly, the market for apartments is showing positive momentum with the median apartment price at $300,000 and witnessing a slower yet stable year-over-year growth of 2.1%. The population of Grafton is approximately 15,000 residents, which has grown significantly by 7.1%. This demographic trend suggests an increasing need for housing and could be a driving factor behind the rising property values.
Investment Opportunities and Potential
The current trends in Grafton’s real estate market offer promising opportunities for investors. Given the steady increase in median house and apartment prices, investing in residential properties could yield notable returns over time. The ongoing population growth further reinforces the potential demand for rental properties, as new residents may seek temporary accommodation before purchasing homes. Additionally, the 3.5% growth rate in house prices may attract investors looking for capital appreciation, while the more modest 2.1% growth rate in apartment prices could appeal to those interested in entering the market at a lower price point.
Future Market Outlook
The future outlook for Grafton’s real estate market remains optimistic. If current trends persist, we can expect continued moderate growth in property values driven by ongoing population increases and sustained demand for housing. However, potential investors should consider broader economic factors that could impact the market such as interest rates, employment rates within the region, and national economic performance. Assuming no major disruptions occur, Grafton’s real estate market is poised to maintain its upward trajectory, making it an attractive location for both short-term and long-term real estate investments.
