Keephills, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $325,000 |
| 3 bedrooms | $420,000 |
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 Keephills, Alberta, is currently experiencing stable growth. With a median house price of $485,000 and a year-over-year increase of 2.8%, the housing market is showing signs of moderate appreciation. Similarly, the apartment sector demonstrates steady growth, with a median price of $295,000 and an annual trend increase of 1.9%. This consistent growth can be attributed to Keephills’ increasing population, which has risen by 3.3%, signaling a healthy demand for residential properties in the area.
Investment Opportunities and Potential
Investors looking at Keephills can find opportunities in both the single-family home and apartment markets. Given the positive growth rates, purchasing property in this region could be advantageous for long-term value appreciation. The steadily increasing population suggests a sustained demand for housing, which may lead to rental income stability for investors who choose to rent out their properties. Moreover, with the current trends indicating gradual price increases, there is potential for solid returns on investment without the volatility seen in more aggressive markets.
Future Market Outlook
The outlook for Keephills’ real estate market remains optimistic. The combination of consistent population growth and manageable increases in property values provides a foundation for a robust market moving forward. If these trends continue, investors and homeowners alike can expect a market that offers both stability and potential for capital gains. However, as with any investment, it’s crucial to monitor economic indicators closely as they can influence future market conditions.
