Hallville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,250 |
| Previous Population (2020) | 14,800 |
| Population Change | 3.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Hallville, Ontario is currently experiencing steady growth. With a median house price of $515,000 that reflects a 2.9% year-over-year increase, the local housing market demonstrates resilience and a consistent upward trend. Similarly, the median apartment price stands at $315,000, showing a 2% year-over-year growth. These figures suggest a healthy demand for residential properties in Hallville.
The population of Hallville has grown by 3%, indicating a burgeoning community that could be driving the demand for housing. The current trends in the market portray an environment where property values are appreciating at a moderate pace, which is indicative of both stability and potential for future capital gains.
2. Investment Opportunities and Potential
Investors looking at Hallville’s real estate market will find potential in various sectors. The steady increase in property prices indicates room for appreciation, making the purchase of residential properties an attractive investment opportunity. Additionally, with the population growth rate at 3%, there is an implied increase in demand for housing, which could benefit investors in terms of rental income and low vacancy rates.
For those interested in the rental market, the appreciation trend suggests that investing in apartments could be particularly promising given their more accessible median price point of $315,000 compared to single-family homes. As affordability becomes more pressing, apartments may see increased demand from both renters and buyers.
3. Future Market Outlook
The outlook for the real estate market in Hallville remains positive. The consistent growth in population is likely to continue fueling demand for housing. The town’s ability to maintain steady price increases without significant spikes or dips suggests that it may be less susceptible to volatile market shifts seen in other regions.
Given these factors, long-term investments in Hallville’s real estate could yield substantial returns as the market continues to mature and expand. However, prospective investors should always consider local economic drivers, infrastructure developments, and government policies as they can significantly impact future market conditions.
