Hartington, 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
1. Current Market Conditions and Trends
The real estate market in Hartington, Ontario, currently presents a stable growth environment. With a median house price sitting at $500,000, the market has experienced a steady year-over-year increase of 3.5%. This trend indicates consistent demand and a healthy level of activity within the housing sector.
The apartment market in Hartington is also displaying positive momentum, with a median apartment price of $300,000 and an annual appreciation rate of 2.1%. The slightly lower growth rate compared to houses suggests that apartments might be approaching a saturation point or that the demand for single-family homes is more pronounced in this region.
Hartington’s population has seen an impressive growth of 7.1%, signifying an influx of residents to the area which is likely contributing to the increased housing demand and supporting the current pricing trends.
2. Investment Opportunities and Potential
The steady increase in property values coupled with robust population growth positions Hartington as an attractive location for real estate investment. The consistent appreciation in house prices points towards a sustainable investment environment where long-term capital gains are probable.
Investors looking to capitalize on rental demand may find opportunities within the apartment sector despite its slower growth rate. The affordability of apartments relative to houses could drive demand from smaller households or those seeking budget-friendly options.
The current demographic trends suggest that Hartington’s real estate market has not yet reached its peak and continues to offer room for expansion and development activities. As such, investments in new construction and redevelopment projects could cater to the growing population and evolving housing needs.
3. Future Market Outlook
The future market outlook for Hartington, Ontario, remains optimistic based on current trends. The persistent population expansion at a rate of 7.1% bodes well for continued housing demand. Assuming no significant changes in economic conditions or local policies, the real estate market is expected to maintain its upward trajectory.
The steady year-over-year house price increase of 3.5% provides confidence in the stability of the housing market and suggests that it may continue to rise at a similar pace. However, investors and stakeholders should monitor potential interest rate changes or economic shifts that could influence buyer affordability and consequently affect market dynamics.
In summary, Hartington’s real estate market appears poised for continued growth with solid investment opportunities across both residential houses and apartment sectors. Careful monitoring of economic indicators and staying abreast of local developments will be key in maximizing investment returns in this promising market.
