Keenansville, 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 Keenansville, Ontario currently presents a stable environment with modest growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This growth rate indicates healthy demand and suggests that the housing market is keeping up with inflation without overheating. Similarly, the median apartment price is currently $300,000, with a slower growth trend of 2.1% year-over-year. This difference in growth rates between houses and apartments may signal a stronger preference or demand for single-family homes in Keenansville.
Investment Opportunities and Potential
With a steady population growth of 7.1%, investment opportunities within Keenansville are promising. The population expansion, which currently sits at approximately 15,000 residents, is indicative of an increasing need for housing, potentially driving future price appreciation. Investors might find particular potential in the single-family home segment due to its higher growth rate compared to apartments. Additionally, the current price trends suggest that investments in real estate here are likely to yield favorable returns if the local economy and population trends continue on their current trajectory.
Future Market Outlook
The future outlook for Keenansville’s real estate market appears optimistic based on present indicators. The sustained population growth coupled with moderate property price increases positions the market as both stable and promising for long-term investment. Assuming that the local economic conditions remain supportive, with continued job creation and infrastructure development, it is reasonable to expect that both the demand for housing and property values will rise accordingly. However, investors should remain vigilant about national economic trends, changes in mortgage rates, and government housing policies which could affect overall market conditions.
