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 steady growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market demonstrates resilience and a consistent appreciation in property values. Similarly, the median apartment price is set at $300,000 with a slightly lower growth rate of 2.1% year-over-year. This indicates a stable environment for both single-family homes and apartment units.
The population of Gretna has reached 15,000 residents, with a robust growth rate of 7.1%. This population increase is likely contributing to the demand for housing in the area, which is reflected in the steady price trends. The area’s economic stability and community development initiatives may be attracting new residents and supporting the local real estate market.
Investment Opportunities and Potential
In terms of investment opportunities, Gretna’s real estate market holds potential for both short-term gains through property value appreciation and long-term income via rental properties. The consistent growth in median house and apartment prices suggests that purchasing residential properties could yield positive returns as the market continues to mature.
The influx of new residents implies a rising demand for rental accommodations, making multi-unit residential buildings an attractive option for investors looking to capitalize on Gretna’s population growth. Furthermore, investing in properties with potential for renovation or development could provide additional value as the local housing needs evolve alongside the demographic expansion.
Future Market Outlook
Looking forward into the future market outlook for Gretna, current indicators suggest that the real estate market will maintain its upward trajectory. The combination of population growth and steady housing price trends points towards ongoing demand and potential for further property value increases.
As long as economic conditions remain favorable and community infrastructure keeps pace with population growth, Gretna’s real estate market should continue to offer promising opportunities for investors and homeowners alike. However, prospective buyers and investors should monitor local developments closely to ensure that their decisions are based on the latest market dynamics.
