Janetville, 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 | $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
The real estate market in Janetville, Ontario is currently characterized by steady growth. The median house price stands at $500,000, which represents a year-over-year increase of 3.5%. This uptick indicates a healthy market with consistent demand for residential properties. On the other hand, the median apartment price is $300,000, with a slightly lower year-over-year growth of 2.1%. This difference in growth rate between houses and apartments may suggest that single-family homes are in higher demand within Janetville’s real estate landscape.
The population of Janetville has grown to 15,000 residents, showing a significant growth rate of 7.1%. This rapid increase in population is likely contributing to the steady rise in property values as demand for housing continues to outpace supply.
Investment Opportunities and Potential
The positive trends in Janetville’s real estate market spell promising opportunities for investors. The solid year-over-year increases in property values indicate that investments made in this market have the potential for appreciable returns. Given the population growth rate, there is an ongoing need for both rental properties and owner-occupied housing. Investors might consider diversifying their portfolios by investing in both houses and apartments to cater to different segments of the market.
Moreover, with median prices still relatively affordable compared to larger urban centers, Janetville presents an attractive entry point for first-time homebuyers and investors alike. The sustained demand driven by population growth could lead to a tightening of the market, which may further drive up property values over time.
Future Market Outlook
The future outlook for Janetville’s real estate market remains optimistic based on current trends and data. Population growth is expected to continue as more people seek the balance between rural charm and accessibility to urban amenities that Janetville offers.
If the local economy maintains its trajectory and infrastructure developments keep pace with population growth, we can anticipate ongoing demand for housing. However, investors should remain vigilant for any shifts in economic conditions or policy changes that could impact interest rates or housing supply. For now, Janetville’s real estate market appears poised for continued growth both in the short and long term.
