Jordan, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Jordan, Ontario, is currently experiencing a period of steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of sustainable appreciation. This positive trend is also reflected in the apartment sector, though at a slightly lower rate, with median prices at $300,000 and growing at 2.1% over the past year.
These trends are indicative of a healthy housing market that is both stable and appealing to potential homeowners. The population of Jordan has seen significant growth at 7.1%, suggesting an increasing demand for housing in the area. This population growth can be attributed to various factors such as the town’s appeal to families, professionals, and retirees looking for a balance between accessibility and community-oriented living.
Investment Opportunities and Potential
Investors looking into the Jordan real estate market will find promising opportunities, particularly in the residential sector. The consistent rise in property values provides an optimistic outlook for long-term capital gains. Given the population growth, there is potential for rental income investments as well, especially in apartments that cater to smaller households or individuals who may not be ready to enter the housing market as buyers.
With a median apartment price of $300,000 and an upward trend in value, investing in multi-family units or purpose-built rental buildings could be particularly lucrative. Additionally, Jordan’s location and amenities could make it appealing for developments that focus on lifestyle living, such as retirement communities or family-centric neighborhoods.
Future Market Outlook
Looking ahead, Jordan’s real estate market appears poised for continued growth. The sustained increase in property values coupled with significant population growth indicates that demand for housing will remain strong. If current economic conditions persist and interest rates remain favorable, we can expect both house and apartment markets to maintain their upward momentum.
The region’s attractiveness due to its quality of life, natural beauty, and proximity to urban centers will likely continue to draw new residents. As long as these factors remain constant along with supportive local policies that encourage development while preserving community character, Jordan’s real estate market should continue on its positive trajectory.
In conclusion, investors considering Jordan for their real estate portfolio should feel confident about the potential for steady returns on investment based on current data trends and projections for future market performance.
