Gretna, Manitoba 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 Gretna, Manitoba is currently experiencing a period of steady growth. With a median house price of $500,000, the market has seen an appreciation of 3.5% year-over-year. This consistent upward trend reflects a strong demand for single-family homes in the region. Meanwhile, the median apartment price stands at $300,000 and has increased by 2.1% from the previous year, suggesting a more modest but still positive trajectory for multi-family dwellings.
The population growth rate of 7.1% is a significant indicator of increasing demand for housing in Gretna. This influx of new residents could be attributed to various factors such as job opportunities, quality of life, and the town’s appeal to both young professionals and families seeking a suburban lifestyle close to urban amenities.
Investment Opportunities and Potential
For investors considering Gretna’s real estate market, the current trends indicate several potential opportunities. The consistent rise in house prices suggests that purchasing residential properties could yield capital gains over time. Single-family homes, in particular, seem to offer promising investment potential given their higher year-over-year price increase compared to apartments.
Moreover, the growing population points to a heightened need for rental properties. Investors might explore possibilities in developing or purchasing multi-family units to cater to this emerging rental market. While apartment price growth is slower than that of houses, the stable increase indicates a reliable market with room for growth.
Future Market Outlook
Looking ahead, Gretna’s real estate market presents an optimistic outlook. The robust population growth coupled with ongoing housing demand suggests that both the residential purchase and rental markets may continue to flourish. Assuming current economic conditions prevail and no major policy changes occur that could significantly impact the housing market, investors can reasonably expect continued moderate appreciation in property values.
However, it’s important for investors and homebuyers alike to closely monitor local developments that could affect market dynamics – such as changes in employment rates or infrastructure projects that either improve or detract from Gretna’s connectivity to surrounding areas.
In summary, while no market is without its risks, Gretna’s real estate outlook appears positive with ample opportunities for those looking to invest in a growing community.
