Keephills, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| 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 exhibiting steady growth. The median house price stands at $485,000, which marks a year-over-year increase of 3%. This increment suggests a stable and moderately appreciating housing market. Similarly, the median apartment price has reached $295,000, also reflecting a positive trend with a 2.5% year-over-year increase.
These trends are underpinned by a growing population, which has recently hit 15,500 residents, growing at a rate of 3.3%. Such demographic growth is likely contributing to the demand for housing in Keephills, influencing both prices and sales activities.
Investment Opportunities and Potential
The current trajectory of the housing market in Keephills points towards promising investment opportunities. With home values on the rise but still below half a million dollars for median-priced houses, entry into this market could be accessible for many investors. The increasing population suggests that rental properties could also be in demand, potentially offering lucrative rental yields for apartments and homes alike.
The continued appreciation of the housing market at moderate paces indicates that investments could benefit from capital gains over time. Furthermore, the positive apartment price trend suggests that smaller investment properties are also appreciating in value, providing diverse investment options for those looking to enter the real estate market in Keephills.
Future Market Outlook
The future outlook of Keephills’ real estate market remains optimistic. Given the steady population growth and consequent housing demand, it is reasonable to anticipate that this upward trend will continue in the near term. Additionally, as the economy diversifies and more people move to Alberta for employment and lifestyle reasons, markets like Keephills may see further growth.
While external economic factors such as interest rates and national economic performance can impact local markets, the current indicators suggest that Keephills is poised to maintain its growth trajectory. Investors looking for long-term opportunities would do well to consider Keephills as part of their real estate portfolio.
