Hensall, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Hensall, Ontario is currently characterized by moderate growth. With a median house price sitting at $525,000, the market has witnessed a year-over-year increase of 4%. This indicates a healthy demand for single-family homes, which tend to be the preferred choice in this community. The median apartment price has also seen an increase but at a slightly lower rate of 2.5% year-over-year, suggesting a steady yet more conservative growth for multi-family units, with the current median price standing at $310,000.
Investment Opportunities and Potential
Hensall presents several attractive investment opportunities, especially in light of its ongoing population growth of 3.3%, which is robust for the region. This demographic trend suggests that there will be continued demand for housing in the near future. Investors could potentially capitalize on this growth by investing in residential properties that cater to the increasing population.
The steady appreciation of both house and apartment prices also offers potential for capital gains over time. Given that single-family homes are experiencing higher growth rates than apartments, they may represent a particularly promising investment option for those looking to purchase property in Hensall.
Future Market Outlook
The future outlook for Hensall’s real estate market appears positive. Considering the consistent population increase and sustained property value appreciation, it is likely that the demand for housing will continue to rise. This bodes well for investors and homeowners alike who are looking to either enter or remain within the market.
The current trends suggest that while single-family homes are likely to remain in high demand, apartments could become increasingly sought after as well—especially if economic conditions favor downsizing or if there’s an influx of professionals and small families looking for lower-maintenance living options.
In conclusion, Hensall’s real estate market shows promising signs of continued growth and stability, making it an appealing destination for potential homebuyers and investors.
