Hallville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 a steady growth pattern. With the median house price standing at $525,000, there has been a year-over-year increase of 4%. This indicates a healthy demand for residential properties, likely fueled by favorable local economic conditions and buyer confidence. On the other hand, apartments are slightly more affordable with a median price of $320,000 and have seen a more modest appreciation of 2.5% year-over-year.
The population of Hallville has also been on the rise with a growth rate of 3.3%, which is higher than the national average. This demographic trend suggests increased housing demand in the near future, further supporting the positive momentum observed in property values.
2. Investment Opportunities and Potential
The real estate market in Hallville offers promising opportunities for investors. Given the steady appreciation rates for both houses and apartments, investment in residential real estate appears to be a sound strategy. The market presents potential for both long-term capital gains and rental income growth, especially considering the robust population increase.
Investors may find particular potential in single-family homes due to their higher appreciation rate. However, apartments should not be overlooked as they offer an affordable entry point into the market and are well-suited to service the growing population that may prefer renting over homeownership.
3. Future Market Outlook
The outlook for Hallville’s real estate market remains optimistic. The consistent growth in property values coupled with strong demographic trends suggests that demand will continue to drive the market forward. Assuming similar economic conditions persist, investors and homebuyers can expect continued appreciation in property values.
However, as with any investment, it is important to remain aware of broader economic indicators and local developments that could affect market dynamics. Factors such as interest rate changes, employment rates, and infrastructure projects can all have significant impacts on the future performance of the real estate market in Hallville.
