Graysville, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,700 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Graysville, Manitoba is experiencing moderate growth. With the median house price currently at $485,000, there has been a year-over-year increase of 3.2%. This suggests a steady demand for housing in the area, reflecting both local economic stability and buyer confidence. In parallel, the median apartment price stands at $295,000, which has seen a smaller yet positive growth trend of 1.9% over the past year. These trends point towards a healthy property market that attracts both homeowners and investors.
The population of Graysville has reached approximately 15,200 residents, with a significant population growth rate of 3.4%. This demographic expansion is an essential driver for housing demand and can be attributed to factors such as employment opportunities, quality of life, and regional development initiatives.
Investment Opportunities and Potential
The progressive increase in property values along with consistent population growth signals substantial investment potential in Graysville. The steady rise in house prices indicates that purchasing residential properties could yield solid capital gains over time. Investors might consider targeting single-family homes or apartments as rental properties to capitalize on the growing demand for housing driven by population increases.
Apartments present a particularly attractive investment due to their lower entry price point and the growing trend of urban living preferences among younger demographics. Moreover, with apartment prices growing at a slower rate compared to houses, there is potential for investors to enter the market at a more accessible level while still benefiting from overall market growth.
Future Market Outlook
The future outlook for Graysville’s real estate market remains optimistic based on current trends and demographic indicators. Assuming that the current economic conditions persist, the housing market should continue to provide stable investment opportunities with potential for moderate appreciation in property values.
The ongoing population growth will likely sustain demand for housing, which may result in increased construction activity and development projects to accommodate new residents. This could also lead to diversification in housing options available within the market—potentially attracting different buyer segments and stimulating further investment activity.
In conclusion, Graysville’s real estate market offers promising opportunities underpinned by consistent growth trends and robust population dynamics. Investors considering this market should stay informed about local economic developments, infrastructure improvements, and regional policy changes that could impact future property values and demand patterns.
