Huntsville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 Huntsville, Ontario, is experiencing a steady growth with the median house price currently standing at $550,000, reflecting a year-over-year increase of 4%. This increment indicates a healthy demand for housing in the area. On the other hand, apartments are showing a more modest growth rate of 2.5% year-over-year with a median price of $320,000. The population of Huntsville is approximately 15,500 and has been growing at a rate of 3.3%, which could be contributing to the demand for housing and the consequent rise in property prices.
Investment Opportunities and Potential
Given the current market trends, there are several investment opportunities in Huntsville. The steady increase in house prices suggests that investing in residential property could yield appreciable capital gains over time. The rental market might also be lucrative due to the population growth, as new residents may look for temporary housing solutions before purchasing homes. Apartments, with their lower price point and slower appreciation rate compared to houses, could be an attractive option for first-time investors or those looking for more affordable investment properties.
Future Market Outlook
The future market outlook for Huntsville’s real estate seems positive. The consistent population growth paired with rising house prices indicates a strong and potentially expanding market. If these trends continue, investors could see sustained or increased property value growth over the coming years. However, potential investors should also be aware of macroeconomic factors and local developments that could affect market dynamics, such as changes in interest rates or significant shifts in the local economy.
