Ingersoll, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.2% |
Stock on market | 0.6% |
Apartment
Median price | $320,000 |
Monthly growth | 1.0% |
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) | 15,200 |
Previous Population (2020) | 14,500 |
Population Change | 4.8% |
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
As of the latest data available, Ingersoll, Ontario’s real estate market is showing signs of stable growth. With a median house price of $525,000 and an annual appreciation rate of 4.2%, the housing sector indicates a healthy upward trend. The apartment market is also witnessing growth, albeit at a slightly lower rate; the median apartment price stands at $320,000, with a 2.5% year-over-year increase. This growth can be partially attributed to Ingersoll’s population which has grown by 4.8%, reflecting a demand surge for local real estate.
Investment Opportunities and Potential
The promising growth in property values presents various investment opportunities within Ingersoll’s real estate market. Investors could capitalize on the consistent rise in house prices by engaging in buy-and-hold strategies, particularly in residential properties which show a stronger trend in appreciation. The 4.2% increase in the median house price suggests that investment in single-family homes may yield considerable returns over time. Additionally, the multi-unit apartment sector offers an alternative avenue for investors looking to cater to Ingersoll’s growing population and those seeking more affordable housing options – making it an attractive option for rental income investment.
Future Market Outlook
The future market outlook for Ingersoll remains optimistic based on current trends and demographics. The town’s growing population is likely to continue fueling demand for housing, which could sustain or potentially increase the current pace of price appreciation. Investors should monitor factors such as local economic developments, interest rates changes, and regional infrastructure improvements as these could further influence market dynamics and investment potential. Overall, Ingersoll’s real estate market appears poised for continued growth with favorable conditions for both homebuyers and investors alike.