Holland, 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 Holland, Manitoba has been experiencing a steady growth, as evidenced by the current median house price of $500,000, marking a 3.5% year-over-year increase. Similarly, apartments in the region have seen a positive trajectory with the median apartment price reaching $300,000, which corresponds to a 2.1% year-over-year rise. This growth is indicative of a healthy market that is attractive to both homeowners and investors.
The population of Holland stands at 15,000 residents, which has risen by 7.1%—a significant factor contributing to the demand for housing in the area. The robust population growth coupled with the upward price trends suggests a strong demand for real estate, which is likely to continue driving prices upwards in the foreseeable future.
Investment Opportunities and Potential
The consistent appreciation in property values in Holland presents an enticing opportunity for investors looking for long-term capital gains. The housing segment, showing a higher growth rate of 3.5%, would be particularly appealing to those looking to invest in detached homes or townhouses. Meanwhile, the apartment sector offers a slightly more modest yet stable growth rate of 2.1%, potentially catering to investors interested in rental properties or lower entry-cost housing investments.
The notable population expansion not only supports the current housing demand but also indicates potential future needs for diverse types of residential developments such as multi-family units and senior living facilities. Investors may find potential in exploring development projects that tap into these emerging demands.
Future Market Outlook
Looking ahead, the real estate market in Holland is poised for continued growth. The solid population increase serves as an indicator of sustained demand for housing which should keep pushing property values upwards. Assuming no major economic disruptions, both the housing and apartment sectors are projected to maintain their positive momentum.
Investors and homebuyers can be cautiously optimistic about entering the Holland real estate market. With careful consideration of location-specific factors and demographic trends, stakeholders can make informed decisions that capitalize on Holland’s flourishing real estate landscape.
