Hagersville, Ontario 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 Hagersville, Ontario, is currently experiencing steady growth. The median house price sits at $500,000, with a year-over-year increase of 3.5%. This demonstrates a healthy appreciation in property values which may be attributed to a combination of factors, including the area’s amenities and its appeal as a community for both families and retirees.
Similarly, the median apartment price has risen to $300,000, marking a more modest increase of 2.1% year-over-year. This slightly lower rate of growth compared to houses may indicate a higher demand for single-family homes in the region. Nonetheless, apartments remain an attractive option for individuals seeking more affordable housing or investment properties.
The population of Hagersville stands at approximately 15,000 residents, with a notable growth rate of 7.1%. Such population expansion can be indicative of economic opportunities within the area and may lead to increased housing demand.
Investment Opportunities and Potential
In light of Hagersville’s steady population growth and consistent increase in property values, the market presents promising investment opportunities. Single-family homes are particularly attractive due to their higher appreciation rate. Investors looking to purchase rental properties would find that these homes might offer a good balance between capital gains and rental income potential.
Apartments in Hagersville also hold potential for investors seeking lower entry points into the real estate market. While their year-over-year price increase is less aggressive than that of houses, apartments could be a strategic investment given the town’s growing population and the corresponding need for diverse housing options.
Future Market Outlook
The future outlook for the Hagersville real estate market appears positive. Given the robust population growth coupled with sustained increases in property values, it is reasonable to anticipate continued demand for housing. The 3.5% rise in median house prices suggests that there is ongoing confidence in the long-term value of real estate in this region.
As infrastructure expands and economic activities intensify to support the growing population, it is likely that both residential and commercial real estate markets will benefit. Prospective investors may consider capitalizing on current trends by engaging with the market before prices potentially escalate further due to increased demand.
Cautious optimism is advised as external factors such as economic shifts or changes in interest rates could impact these trends. However, current data suggests that Hagersville’s real estate market holds substantial promise for continued growth and investment viability over the coming years.
