Hobart, Ontario 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 Hobart, Ontario is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This suggests that while prices are rising at a moderate pace, the market remains accessible to potential homeowners. Similarly, apartments are following an upward trend with a median price of $300,000 and a 2.1% year-over-year growth. These figures indicate a healthy, growing market that is able to maintain its momentum.
Investment Opportunities and Potential
Investors looking for opportunities in Hobart will find potential in both the housing and apartment sectors. The consistent growth in property values points towards long-term capital gains for those willing to invest in residential real estate. Additionally, the population of Hobart has grown by 7.1%, suggesting an increasing demand for housing which may lead to tighter inventory and potentially higher rental yields for income-seeking investors.
Future Market Outlook
The future outlook for Hobart’s real estate market appears promising due to several factors. The steady population growth not only drives demand for housing but also can result in greater economic activity within the community, leading to increased property values over time. Assuming current trends continue, both homebuyers and investors can expect a market that offers stability and continuous growth potential.
