Harlem, 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
The real estate market in Harlem, Ontario, is currently experiencing a period of steady growth. With a median house price sitting at $500,000 and demonstrating a 3.5% year-over-year increase, the market is showing healthy appreciation. Similarly, the median apartment price is marked at $300,000, with a somewhat more modest growth trend at 2.1% year-over-year. These trends reflect a balanced market that is attractive to both sellers and buyers.
The population of Harlem has reached 15,000 residents, with robust growth of 7.1%. This demographic expansion suggests increasing demand for housing and may be indicative of a strong local economy or an influx of new residents attracted by employment opportunities or lifestyle factors.
Investment Opportunities and Potential
The consistent upward trend in property prices coupled with significant population growth presents diverse investment opportunities in Harlem’s real estate market. Investors have the potential to capitalize on the appreciation of property values in both the residential housing and apartment sectors. Strategic investments in properties may benefit from the ongoing development and population growth which could drive demand for rentals and purchases alike.
In addition, given the current market conditions that favor long-term investment, rental properties could offer sustained income streams due to the growing population’s need for housing. As new residents seek accommodation, investors in multi-unit apartments or developments may find particular success.
Future Market Outlook
The future outlook for Harlem’s real estate market appears promising. The combination of steady price increases and robust population growth indicates that the demand for housing will likely continue to rise. Assuming that local economic conditions remain favorable and that infrastructure keeps pace with growth, the real estate market should maintain its upward trajectory.
Potential investors and homeowners are encouraged to consider Harlem as a location with not only current appeal but also strong future potential. The key will be to monitor economic indicators closely for signs of continued prosperity or any shifts that might affect market dynamics.
