Keene, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
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 | $425,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
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 | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Keene, Ontario is currently experiencing a moderate level of growth. The median house price stands at $525,000, which reflects a year-over-year increase of 4%. This suggests a steady market where home values are gradually appreciating.
In comparison, the median apartment price is significantly lower, at $315,000, with a slower growth rate of 2.5% over the past year. This discrepancy in growth rates indicates that houses are in higher demand compared to apartments, or potentially that the apartment market is more stable with less volatility.
Keene’s population currently sits at 15,500 and has been growing at a healthy rate of 3.3%. This population growth can contribute to increased demand for housing in both the purchase and rental markets.
Investment Opportunities and Potential
Given the steady increase in property values and solid population growth, Keene presents viable investment opportunities. The market is showing signs of being robust with single-family homes leading the way in terms of investment potential due to their higher appreciation rate. Investors should consider this segment for long-term capital gains.
The apartment sector also offers investment opportunities but may appeal more to those looking for lower entry points into the market or seeking rental income properties. The slower growth rate could imply a more predictable return on investment without significant short-term fluctuations.
Future Market Outlook
The future outlook for Keene’s real estate market appears positive. With continuous population growth and an ongoing upward trend in property prices, it is likely that the demand for housing will remain strong. This bodes well for both homeowners and investors looking for appreciation potential.
However, investors should also keep an eye on broader economic conditions and any changes in local policies that could impact the real estate market. Factors such as interest rates, employment rates, and infrastructure development will play critical roles in shaping the future landscape of Keene’s real estate market.
