Jordan, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
Apartment
Median price | $315,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,800 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Jordan, Ontario, the real estate market is currently experiencing steady growth. The median house price sits at $525,000, indicating a robust year-over-year increase of 4%. This consistent appreciation suggests that the housing market in Jordan is healthy and attractive to both homeowners and investors alike.
The apartment sector also shows a positive trend with the median apartment price at $315,000, which has increased by 2.5% from the previous year. This growth rate, while slightly more moderate compared to houses, represents a stable investment opportunity for those interested in purchasing smaller residential properties or diversifying their real estate portfolio.
With a population of 15,500 that has grown by 3.3%, Jordan is experiencing demographic expansion that could further bolster housing demand. The influx of residents may be attributed to factors such as employment opportunities, lifestyle appeal, or its proximity to larger urban centers.
Investment Opportunities and Potential
The current data presents multiple investment opportunities in Jordan’s real estate market. Given the steady increase in property values and population growth, investors can expect a favorable return on investments in both residential houses and apartments. The higher growth rate in house prices suggests that single-family homes might offer better capital appreciation potential in the short to medium term.
Apartments offer an alternative entry point for investors owing to their lower median price point when compared to houses. The slightly lower appreciation rate should not deter investors as apartments can also provide a stable income stream through rental yields, particularly if targeted at the growing population seeking affordable housing options.
Moreover, new construction and development projects tailored to meet increasing housing demands can present additional opportunities for real estate developers and investors looking for long-term growth prospects.
Future Market Outlook
The future outlook of the Jordan real estate market remains optimistic based on current trends and data. With continuous population growth and consequent demand for housing, prices are expected to maintain an upward trajectory. However, investors must consider economic factors such as interest rates, employment rates, and regional economic developments which may influence future market dynamics.
Strategic investments that align with demographic trends and consumer preferences will likely yield positive outcomes. As Jordan continues to develop and attract new residents, investment in larger family homes and multi-unit residential buildings could be particularly advantageous.
It is advisable for investors to stay informed on local policy changes regarding zoning laws, housing incentives, or infrastructure improvements as these can significantly affect property values and investment potential in the area.