Hartney, 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
Current Market Conditions and Trends
The real estate market in Hartney, Manitoba, is currently demonstrating moderate growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, housing in the area has shown steady progress compared to the previous year. Similarly, the median apartment price stands at $300,000 with a slightly lower growth trend of 2.1% year-over-year.
The population of Hartney has grown by 7.1%, indicating a potentially higher demand for housing. This demographic expansion suggests that the market is attracting new residents, potentially due to employment opportunities or other local amenities and lifestyle factors.
Investment Opportunities and Potential
Investors considering Hartney’s real estate market may find appealing opportunities given the consistent growth in property values. The steady increase in median house and apartment prices indicates a healthy investment climate that could lead to sustained capital gains over time.
Furthermore, the positive population growth rate implies that there will be an ongoing need for housing, which could support rental market stability and potential rental income increases. Investment in multi-unit residential properties or developments aimed at accommodating the growing population might be particularly promising.
Future Market Outlook
Looking ahead, Hartney’s real estate market appears poised for continued growth. The combination of a rising population and consistent property value appreciation suggests that both demand and prices are likely to maintain an upward trajectory.
However, investors should keep an eye on economic indicators such as employment rates, local industry performance, and interest rates which can have significant impacts on real estate markets. Given current trends and assuming stable economic conditions persist, Hartney’s real estate market could represent a solid long-term investment opportunity with favorable prospects for further growth.
