Hartland, New Brunswick 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 Hartland, New Brunswick is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes in the region. Similarly, the median apartment price stands at $300,000, which has risen by 2.1% from the previous year. These trends indicate a consistent appreciation in property values across different housing types.
The population of Hartland has grown to 15,000 residents, reflecting a substantial growth rate of 7.1%. This demographic expansion is likely contributing to the ongoing demand for housing and could be influencing the steady climb in property prices.
Investment Opportunities and Potential
Given the positive year-over-year growth rates for both houses and apartments, investment opportunities in Hartland appear promising. The solid performance of single-family homes makes them an attractive option for investors looking for long-term capital gains. Additionally, the increasing population suggests a potential rise in rental demand, which can be advantageous for those investing in apartments and multi-family units.
With housing prices continuing on an upward trajectory but still remaining accessible compared to major urban centers, Hartland provides an entry point for investors who are seeking to capitalize on lower acquisition costs with the prospect of future appreciation.
Future Market Outlook
The future real estate market outlook for Hartland remains optimistic based on current trends and demographic data. The population growth rate of 7.1% is particularly indicative of sustained demand for housing. If this trend continues, it could lead to tighter housing supply and potentially higher property values over time.
Investors should monitor factors such as local economic development initiatives, interest rate changes, and regional employment rates as these can have significant impacts on market conditions. However, given the current data points and positive growth trends, Hartland’s real estate market is poised to remain attractive for both homebuyers and investors alike.
