Hillsburgh, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $520,000 |
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 | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $520,000 |
4 bedrooms | $620,000 |
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 Hillsburgh, Ontario is currently characterized by steady growth. The median house price in the area is $520,000, which marks a 4% increase year-over-year. This suggests a stable market with consistent demand for residential properties. Similarly, apartments are showing positive growth trends with the median price standing at $310,000 and experiencing a 2.5% rise year-over-year. The population of Hillsburgh has reached approximately 15,500 residents, growing at an impressive rate of 3.3%, which may be contributing to the steady demand for housing in the area.
Investment Opportunities and Potential
The real estate market in Hillsburgh offers promising investment opportunities. The consistent growth in property values coupled with the significant population increase indicates a strong and potentially expanding market for both residential properties and rental units. Investors can capitalize on the year-over-year growth trends observed in both housing and apartment markets. Considering the current trends, investing in properties could potentially yield favorable returns due to the increasing demand driven by population growth.
Future Market Outlook
The future outlook for Hillsburgh’s real estate market appears to be optimistic. The ongoing population growth suggests that demand for housing will likely continue to rise, which could lead to further increases in property values over time. Given the current upward trend in house and apartment prices, investors and homeowners might expect continued appreciation in their property investments. However, potential investors should also consider broader economic factors and monitor any changes to interest rates or local economic policies that may impact the real estate market’s trajectory.