Keenansville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Keenansville, Ontario, is currently experiencing steady growth. With a median house price of $520,000, there has been a year-over-year increase of 4%, signaling a healthy demand for homes in the area. Similarly, the apartment sector shows resilience with a median price of $310,000 and an upward trend of 2.5% year-over-year. This growth is consistent with the expanding population, which has risen by 3.3%, bringing the total to approximately 15,500 residents. The combination of rising property values and population growth suggests a robust real estate market that is both active and competitive.
Investment Opportunities and Potential
For investors considering Keenansville’s real estate market, there are promising opportunities across various segments. The steady increase in housing prices indicates that purchasing residential properties could potentially yield considerable returns as the market continues to mature. Investment in apartments may also be attractive due to the lower median price point and consistent appreciation rate. Additionally, the population growth implies an increasing demand for rental properties, which can translate into stable rental income for investors. The current trends affirm Keenansville as a potential hotspot for both short-term gains through property flips and long-term investments focused on rental income.
Future Market Outlook
The future outlook for Keenansville’s real estate market remains positive. Given the continuous population growth and upward trends in property values, it is reasonable to anticipate further development and expansion within the local housing market. Infrastructure improvements and community investments that accompany population increases may further enhance property values and attract new residents. However, potential investors should monitor economic indicators and local developments closely to mitigate risks associated with market fluctuations. Careful analysis of future employment trends, interest rates, and regional economic policies will play a crucial role in forecasting the longevity of current market conditions.
