Headingley, 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 Headingley, Manitoba currently presents a stable growth environment. With a median house price of $500,000 that has seen a steady increase of 3.5% year-over-year, the market demonstrates moderate appreciation. Similarly, the median apartment price stands at $300,000, following a slightly lower growth trend of 2.1% year-over-year.
This consistent advancement in property values is reflective of a balanced market that is attractive to both buyers and sellers. Demand for housing continues to be healthy, driven by Headingley’s increasing population which has surged by 7.1%. This demographic growth suggests sustained demand for housing which will likely continue to support property value increases.
Investment Opportunities and Potential
Investment prospects in Headingley appear promising due to its growing population and expanding economy. The residential sector, particularly single-family homes that align with the median house price of $500,000, offers investors a solid opportunity for capital gains given the consistent appreciation trend.
Additionally, the rental market is buoyant due to the influx of new residents not yet ready to purchase homes. Apartments priced at $300,000 with an appreciation trend of 2.1% represent a potential for rental income as well as long-term value growth. Investors should consider both direct real estate investments and real estate investment trusts (REITs) focusing on Headingley’s market to capitalize on the area’s upward trajectory.
Future Market Outlook
The future outlook for Headingley’s real estate market remains optimistic. The steady population growth rate of 7.1% is likely to stimulate continued demand for housing. Assuming economic conditions remain favourable and no major policy changes occur that would significantly impact the housing market, one can anticipate sustained or possibly increased rates of property value appreciation.
Furthermore, if historical trends persist alongside population increases and economic developments within the region, both residential and rental markets should maintain their upward momentum. It’s advisable for investors and homebuyers to monitor interest rate movements and construction levels closely as these factors could influence future market conditions.
