Hamlet, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
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
Current Market Conditions and Trends
In Hamlet, Ontario, the real estate market is currently experiencing modest growth. The median house price stands at $485,000, showing a year-over-year increase of 2.8%. This suggests a stable market with steady demand. Similarly, the median apartment price has seen a growth rate of 1.8% year-over-year, now at $295,000. This growth is reflective of an overall healthy real estate environment in Hamlet.
The population of the area has risen to approximately 15,500, with a notable population growth rate of 3.3%. The influx of new residents may be contributing to the steady increase in property values as demand for housing rises alongside the growing population.
Investment Opportunities and Potential
The consistent growth trends in Hamlet’s housing market indicate that it can be an attractive location for real estate investment. Residential properties are appreciating at a sustainable rate, providing potential for capital gains over time. Investors interested in income properties may also find the increasing population promising for rental opportunities.
The more moderate increase in apartment prices compared to houses suggests that there may be an opportunity for investors to enter the market at a lower price point with apartments while still benefiting from the overall growth trends.
Future Market Outlook
The future real estate market outlook for Hamlet appears positive. With the current trajectory of population growth and housing demand, prices are expected to continue on an upward trend. However, investors and homebuyers should monitor local economic developments and any changes in interest rates or housing policies that could affect market conditions moving forward.
The sustained population increase could lead to greater demand for housing, potentially pushing prices higher if supply does not keep up. As such, developers and investors may find opportunities in new housing developments or renovations of existing properties to meet future demands.
