Gravenhurst, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| 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 | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,150 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.0% |
| 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 Gravenhurst, Ontario currently presents a stable environment with moderate growth. The median house price in the area is set at $525,000, which has experienced a year-over-year increase of 4%. This suggests a steady demand for housing and a confident market sentiment among buyers and sellers alike. Similarly, the median apartment price stands at $315,000, with a slightly lower growth rate of 2.5% year-over-year. These consistent upward trends indicate a healthy real estate market.
Gravenhurst’s modest population of 15,150 has seen a growth of 1% which may be contributing to the gradual rise in real estate prices. The town’s appeal as a scenic Muskoka region destination adds to its attractiveness for both permanent residents and seasonal visitors seeking vacation properties.
Investment Opportunities and Potential
Investment opportunities within Gravenhurst are promising due to the town’s continuous development and its appeal as a tourist destination. The consistent appreciation in property values suggests that investing in local real estate could yield positive returns over time. With house prices growing at a higher rate than apartments, single-family homes represent particularly strong investment potential.
Furthermore, Gravenhurst’s location in the Muskoka region is synonymous with recreational activities and natural beauty, enhancing its potential for vacation rental investments. As tourism continues to be an economic driver for the area, short-term rental properties could provide investors with significant income during peak seasons.
Future Market Outlook
The future market outlook for Gravenhurst remains optimistic based on current trends and data. The steady year-over-year increase in property prices reflects ongoing demand which is expected to continue as the population grows modestly. Given the town’s desirability as both a residential community and a vacation hotspot, this trend is poised to maintain or possibly even increase.
The municipality’s commitment to infrastructure improvements and community development projects may further enhance the attractiveness of Gravenhurst as a place to live and invest. Investors and homebuyers should monitor local developments closely as these factors can have significant impacts on property values and market dynamics over time.
