Inglewood, 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.5% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Inglewood, Ontario, the real estate market is experiencing steady growth. The median house price currently stands at $500,000, marking a year-over-year increase of 3.5%. This trend suggests a healthy demand for detached homes in the region. Similarly, the apartment market has seen a modest uptick with the median price at $300,000, which is up 2.1% from the previous year.
The population of Inglewood has reached approximately 15,000 residents, growing at a rate of 3.45%. This growth indicates an expanding community that could continue to drive demand for housing. The current trends also reflect a balanced market where supply and demand are growing proportionately, maintaining stable prices without overheating the market.
Investment Opportunities and Potential
Given the steady rise in property values and population growth in Inglewood, investment opportunities appear promising. The consistent increase in median house and apartment prices suggests there is ongoing potential for capital gains over time. Investors looking to acquire rental properties may find that the growing population provides a widening tenant base.
The increasing population also signals potential for development projects to meet housing demands. Long-term investors might consider opportunities in new residential constructions or in renovating older properties to cater to the preferences of new residents moving into the area.
Future Market Outlook
The future real estate market outlook for Inglewood remains optimistic based on current data trends. If population growth continues at its current pace or accelerates, it could lead to increased demand for housing units which would, in turn, support property value appreciation.
The stable year-over-year price increases for both houses and apartments are indicative of a sustainable growth pattern that avoids drastic fluctuations seen in more volatile markets. As long as economic conditions remain favorable and Inglewood continues to attract new residents due to its amenities, employment opportunities, or lifestyle offerings, the real estate market should maintain its upward trajectory.
In summary, Inglewood’s real estate market reflects positive indicators for both homeowners and investors alike, with expectations of continued growth based on current trends and demographic shifts.
