Gunn, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gunn, Alberta is currently experiencing a steady growth pattern. The median house price stands at $485,000, marking a year-over-year increase of 4%. This indicates a healthy demand for homes in the area, reflecting buyer confidence and a competitive market environment. Apartments are also appreciating, albeit at a slightly slower rate, with the median apartment price at $295,000 and experiencing an annual increase of 2.5%. These trends suggest a balanced growth across different housing types in the region.
Investment Opportunities and Potential
Investors looking to participate in the Gunn real estate market may find potential in both the single-family home segment as well as the apartment sector. The consistent appreciation of property values coupled with the moderate growth rate presents opportunities for long-term capital gains. Given the current trends, properties in Gunn are becoming increasingly attractive for rental investments too. With a population growth of 2.7%, demand for rental properties is likely to rise, suggesting that investors can potentially benefit from both asset appreciation and rental income.
Future Market Outlook
The future outlook for Gunn’s real estate market appears promising. The steady climb in median prices for both houses and apartments, along with sustained population growth, hint at ongoing demand for housing. If these trends continue, we can expect further market expansion. However, investors should remain vigilant of broader economic conditions and local developments that could affect property values. As always, due diligence is recommended when assessing the potential risks and rewards of real estate investments.
