Inwood, 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
Inwood, Manitoba, currently displays a real estate market with steady growth. The median house price in Inwood stands at $500,000, demonstrating a 3.5% year-over-year increase. This increment indicates a stable market that has been appealing to both buyers and sellers, fostering confidence in property investments.
Similarly, the apartment sector has shown resilience with a median price point of $300,000, following a 2.1% year-over-year growth trend. This slower pace compared to the housing segment suggests that apartments are becoming an increasingly viable option for those looking for more affordable housing or investment opportunities.
The population of Inwood is approximately 15,000 residents, with a significant population growth of 7.1%. This demographic expansion is a key driver for demand in housing, as new residents seek accommodation, which in turn can encourage price appreciation over time.
Investment Opportunities and Potential
The positive trends in Inwood’s real estate market create fertile ground for investment opportunities. With houses appreciating at a moderate rate of 3.5%, investors can expect a reliable return on investment without the volatility seen in some overheated markets.
The growing population indicates that there will be sustained demand for housing, which may lead to tighter inventory and potential rental income growth for investors who choose to purchase properties to lease.
Apartments present an opportunity for entry-level investors owing to the lower median price point. The steady growth trend of 2.1% could appeal to those looking for long-term capital gains while potentially serving the rental market’s demand driven by population growth.
Future Market Outlook
The future outlook for Inwood’s real estate market remains optimistic. The continuous population growth serves as an indicator that the demand for housing will persist, possibly leading to further price increases if supply does not keep pace.
An influx of new residents often brings diverse economic opportunities that can strengthen the local economy and enhance property values. Provided that Inwood continues to attract newcomers and investments into local infrastructure and amenities follow suit, the real estate market is likely to benefit from these developments.
However, prospective investors and homebuyers should remain cautious and informed about national economic trends and local developments that could affect the market dynamics in Inwood. Prudent observation of interest rates, employment rates, and regional policies will be crucial in making informed decisions regarding real estate transactions in this area.
