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
In Janetville, Ontario, the real estate market currently displays stable growth with the median house price at $500,000, reflecting a modest year-over-year increase of 3.5%. This steady uptick in housing prices indicates a healthy market that is growing at a sustainable pace. Conversely, the median apartment price stands at $300,000, with a slightly lower year-over-year growth rate of 2.1%. This difference in growth rates suggests that houses are in higher demand compared to apartments. The population of Janetville has been on the rise, with a significant growth rate of 7.1%, which may contribute to the increasing demand for housing in the area.
Investment Opportunities and Potential
The current trends in Janetville’s real estate market reveal several potential opportunities for investment. The consistent increase in property values coupled with substantial population growth positions the housing market as an attractive option for both residential and rental property investments. Single-family homes, given their higher appreciation rate, present a particularly appealing opportunity for investors looking to capitalize on the long-term equity growth. Moreover, the more moderate appreciation of apartment prices might attract investors interested in entering the market at a lower price point while still benefiting from the overall positive market trajectory.
Future Market Outlook
The future outlook for Janetville’s real estate market appears promising due to several contributing factors. The ongoing population growth is expected to sustain demand for housing, which could lead to continued appreciation in property values. Assuming economic conditions remain favorable and interest rates stable, the market’s upward trend is likely to persist, making Janetville an attractive location for both homebuyers and investors alike. However, it is important for stakeholders to closely monitor economic indicators and policy changes that could impact mortgage rates and affordability as these elements will play critical roles in shaping the market’s direction.
