Harrietsville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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
The real estate market in Harrietsville, Ontario is currently experiencing consistent growth. With a median house price of $525,000 and a year-over-year increase of 4.2%, the market shows stability and upward trends in property values. In contrast, the median apartment price stands at $320,000 with a slightly lower growth rate of 2.5% year-over-year. This suggests that while the demand for both houses and apartments is on the rise, houses are appreciating at a faster pace than apartments.
The population of Harrietsville has been growing steadily at a rate of 3.3%, which is likely contributing to the increased demand for housing in the area. This demographic trend is an essential factor in sustaining long-term property value appreciation and maintaining a robust real estate market.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Harrietsville appear promising, particularly in the residential housing sector. The consistent growth in house prices indicates strong potential for capital gains for investors looking to purchase residential properties. Additionally, with the population expanding at a healthy rate, there is potential for rental properties to generate attractive yields as more people look for housing options within the community.
Investors may find that pursuing rental properties could be particularly strategic due to the increasing population and corresponding housing demand. Long-term investments in both houses and apartments are likely to benefit from the town’s general economic health, with houses offering potentially higher capital gains given their stronger price appreciation trend.
Future Market Outlook
The future outlook for Harrietsville’s real estate market remains optimistic. Should current trends persist—namely, stable population growth coupled with steady increases in property values—the market is expected to remain buoyant. The solid year-over-year price increases for both houses and apartments suggest that Harrietsville is positioned well for ongoing real estate investment desirability.
As long as economic fundamentals such as employment rates and local economic development remain favorable, it is reasonable to anticipate that Harrietsville will continue to be an attractive destination for both residents and investors alike. With careful attention to demographic shifts and economic indicators, stakeholders can make informed decisions about participating in Harrietsville’s real estate market.
