Keady, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
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) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Keady, Ontario
The real estate market in Keady, Ontario is currently experiencing a moderate growth phase. The median house price in the region stands at $510,000, reflecting a year-over-year increase of 4%. This suggests a steady demand for single-family homes, and indicates that the market is relatively healthy without being overheated.
Similarly, the apartment sector shows positive movement with the median apartment price at $315,000, which has grown by 2.5% compared to the previous year. This slower rate of increase may point to a more balanced market for apartments, making it appealing for first-time homebuyers and investors alike. With a population of 15,200 and a growth rate of 2.7%, Keady’s demographic trends could be underpinning these housing market dynamics.
Investment Opportunities and Potential in Keady
The current trajectory of property prices in Keady offers promising investment opportunities. The solid growth in house prices suggests that investing in residential properties could yield favorable returns as demand continues to outpace supply. The consistent yet modest appreciation in apartment values also presents potential for long-term investment strategies, particularly as rental demand is likely to increase with population growth.
Investors should also note the demographic trends; a growing population can lead to increased demand for housing, retail spaces, and services. Therefore, aside from residential properties, there might be opportunities in commercial real estate development or renovation projects aimed at meeting the expanding needs of the community.
Future Market Outlook for Keady’s Real Estate
Looking ahead, Keady’s real estate market appears poised for continued growth. The stable increase in property values aligns with both provincial and national trends which generally show confidence in Canadian real estate markets. Population growth at a healthy rate of 2.7% suggests sustained demand for housing will continue into the future.
However, investors and potential homebuyers should remain cognizant of broader economic factors such as interest rates, employment levels, and regional economic developments which can influence market conditions. Being mindful of these elements will be crucial for those looking to capitalize on Keady’s real estate potential over the coming years.
In summary, Keady’s real estate market demonstrates promising conditions for both short-term gains and long-term investment strategies. Its consistent market performance coupled with demographic growth indicates a robust outlook that merits consideration from both investors and homebuyers seeking opportunities within Ontario’s diverse property landscape.
