Gypsumville, 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
In Gypsumville, Manitoba, the real estate market has been exhibiting stable growth. The median house price stands at $500,000, with a positive trend of 3.5% year-over-year increment, which suggests a healthy demand for single-family homes. Similarly, apartments are seeing a steady appreciation with the median price currently at $300,000 and a year-over-year increase of 2.1%. The population growth of 7.1% is indicative of an expanding community, which could be contributing to the housing demand and subsequent price trends in both segments of the market.
Investment Opportunities and Potential
The robust population growth paired with the ascending housing prices indicates a strong potential for real estate investments in Gypsumville. Investors can consider leveraging opportunities in both residential properties and rental apartments due to the consistent appreciation rates. Single-family homes present a more significant investment opportunity given their higher appreciation rate of 3.5%. Rental properties may also become increasingly lucrative as the population grows, likely enhancing demand for apartment living spaces.
Future Market Outlook
The future outlook for Gypsumville’s real estate market appears promising due to ongoing population growth and steady price increases in the housing sector. Should the current trends persist, investors can expect continued appreciation in property values. The economic drivers that support population expansion—such as employment opportunities or lifestyle amenities—will be critical factors to monitor as they will significantly influence the long-term sustainability of Gypsumville’s real estate market growth.
