Harcourt, 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
In Harcourt, Ontario, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with an upward trend of 3.5% year-over-year. This indicates a healthy appreciation in property values, reflecting sustained demand and a robust housing market. Similarly, the median apartment price is $300,000, which has seen a slightly more modest growth rate of 2.1% year-over-year. This suggests that while the demand for apartments is increasing, it is not at the same pace as houses.
Investment Opportunities and Potential
The investment landscape in Harcourt offers promising opportunities, particularly in residential real estate. Given the consistent rise in property values and the town’s population growth of 7.1%, investing in Harcourt properties could be lucrative for both short-term gains through resale and long-term revenue streams via rentals. The stable increase in prices can be advantageous for investors looking to capitalize on capital appreciation over time.
Future Market Outlook
The future outlook for Harcourt’s real estate market appears positive. With the population expanding significantly at a rate of 7.1%, it is likely that demand for housing will continue to rise. This demographic trend can fuel ongoing development and potentially attract further investment into local infrastructure and services, which in turn could stimulate higher property values.
Considering current trends and demographic indicators, Harcourt’s real estate market shows potential for sustainable growth over the coming years. Investors and homebuyers should keep an eye on urban planning initiatives and economic factors that may influence future market dynamics.
