Hargrave, Manitoba 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
1. Current Market Conditions and Trends
The real estate market in Hargrave, Manitoba is currently experiencing steady growth. With a median house price of $500,000 that has risen by 3.5% year-over-year, the market reflects a stable increase in property values. Similarly, the median apartment price is poised at $300,000, following a more modest upward trend of 2.1% from the previous year. This consistent growth is indicative of a healthy market dynamic.
Hargrave’s population has surged by 7.1%, suggesting a robust influx of new residents and potential for increased housing demand. The demographic evolution underscores the town’s appeal and contributes to shaping the real estate landscape.
2. Investment Opportunities and Potential
Given the progressive increase in home valuations and the significant population growth, Hargrave represents an attractive investment opportunity for both residential and rental markets. Single-family homes, with their higher annual appreciation rate, present strong potential for capital gains over time.
For investors focusing on income-generating properties, the apartment sector offers a sound prospect due to its consistent price appreciation and the growing population’s housing needs. The relatively lower entry price point for apartments can provide investors with more diverse portfolio options.
3. Future Market Outlook
The future outlook for Hargrave’s real estate market remains optimistic. Assuming no major economic upheavals occur, the current trends suggest continued growth in property values at a sustainable pace. Ongoing population increases are likely to support this trajectory by maintaining demand for housing.
Investors should monitor factors such as local employment rates, infrastructure developments, and regional economic policies, as these elements could significantly influence future market conditions. Diligent attention to such macroeconomic indicators will be key to making informed investment decisions in Hargrave’s evolving market.
