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Humberstone, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $525,000
Monthly growth 1.0%
Quarterly trend 4.2%
Stock on market 0.6%

Apartment

Median price $310,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $450,000
3 bedrooms $525,000
4 bedrooms $650,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $360,000
3 bedrooms $480,000

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






Humberstone, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Humberstone, Ontario is currently experiencing steady growth. With a median house price of $525,000, the market has seen a year-over-year increase of 4.2%. This indicates a healthy demand for houses in the area. Meanwhile, apartments are also seeing growth but at a slightly lower rate; the median apartment price stands at $310,000, with a year-over-year trend of 2.5%. The population growth of 3.3% suggests an increasing demand for housing in the near future.

Investment Opportunities and Potential

The positive trends in the Humberstone real estate market point to robust investment opportunities. The consistent increase in property values, particularly for houses, suggests that investments made in residential real estate may yield favorable returns. Moreover, the ongoing population growth, currently at 3.3%, will likely lead to higher demand for housing units, potentially driving up rental yields and property prices further. Investors should note that while apartment prices are growing at a slower pace, they still present an affordable entry point into the market with potential for capital appreciation.

Future Market Outlook

The future outlook for Humberstone’s real estate market appears optimistic. The sustained population growth combined with upward trends in house and apartment prices suggests that the demand for residential properties will continue to rise. Assuming that local economic conditions remain stable or improve, this trend is likely to persist. It is reasonable to expect that both homebuyers and investors could benefit from long-term appreciation of property value in Humberstone. However, prospective investors should consider conducting comprehensive market research or consulting with industry experts to mitigate risks and capitalize on emerging opportunities.