Hillier, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.4% |
| 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 | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $625,000 |
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 | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Hillier, Ontario, is experiencing steady growth. With a median house price of $515,000, the market has seen a respectable increase of 4% year-over-year. This indicates sustained demand and a healthy market that is beneficial for both sellers and buyers. The median apartment price is $310,000, which has climbed at a slightly slower pace with a 2.5% year-over-year increase. This differential growth rate suggests that houses are currently more in demand than apartments in Hillier.
Investment Opportunities and Potential
Hillier presents various investment opportunities, particularly in the housing sector, which is showing stronger growth compared to apartments. The steady rise in median house prices suggests that investment in residential real estate could yield positive returns. Furthermore, with the area’s population growing at 3.3%, there is potential for increased rental demand, making buy-to-let properties an attractive option for investors looking for long-term income generating assets.
Future Market Outlook
The future outlook of the Hillier real estate market appears promising. Given the consistent population growth now standing at 15,500, there will likely be continued demand for housing. If current trends persist, the property market should maintain its upward trajectory. However, investors and homebuyers should monitor local economic developments and national real estate policies that might affect market dynamics. Caution should be exercised as external factors can influence these trends.
