Jellicoe, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.9% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $425,000 |
3 bedrooms | $495,000 |
4 bedrooms | $610,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $320,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,800 |
Population Change | 2.7% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,600 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Jellicoe, Ontario, currently presents a picture of moderate growth. With a median house price of $495,000 and a year-over-year increase of 2.8%, the market is showing steady appreciation. This growth is slightly above the inflation rate, indicating healthy demand and a balanced market. The apartment sector is also experiencing growth, albeit at a slower pace, with the median apartment price at $295,000 and an annual trend increase of 1.9%. This differential suggests that while both segments are growing, houses are in relatively higher demand compared to apartments.
Investment Opportunities and Potential
Given the current market dynamics, investors may find Jellicoe an attractive option for both residential and rental properties. The steady increase in property values suggests potential for capital gains over the long term. Additionally, a population growth rate of 2.7% indicates that there is an ongoing influx of residents, which could drive housing demand further. Rental properties, particularly apartments due to their lower entry price point, could be especially appealing for investors looking to cater to new residents who may prefer renting over purchasing immediately upon relocation.
Future Market Outlook
The future real estate market outlook for Jellicoe appears cautiously optimistic. If current trends persist, investors can expect continued gradual growth in property values. Population growth remains a strong indicator for sustained demand; however, it is essential to monitor economic factors such as employment rates and regional development projects that could influence the market significantly. As long as the local economy provides opportunities that attract newcomers and retain current residents, Jellicoe’s real estate market should maintain its upward trajectory.