Kettleby, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $850,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.5% |
Apartment
Median price | $450,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $700,000 |
3 bedrooms | $850,000 |
4 bedrooms | $950,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $400,000 |
2 bedrooms | $450,000 |
3 bedrooms | $500,000 |
Demographics
Current Population (2025) | 16,000 |
Previous Population (2020) | 15,500 |
Population Change | 3.2% |
Total Private Dwellings | 6,500 |
Occupied Private Dwellings | 5,900 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Kettleby, Ontario, the real estate market is currently experiencing stable growth. The median house price in the area is $850,000, reflecting a year-over-year increase of 4%. This indicates a steady appreciation in property values and a healthy demand for single-family homes. Meanwhile, the median apartment price stands at $450,000, with a slightly more modest year-over-year trend of 2.5% growth. The consistent rise in property values suggests that Kettleby’s market is resilient and growing at a sustainable pace.
Investment Opportunities and Potential
For investors considering Kettleby’s real estate market, there are promising opportunities particularly in residential properties. Given the median house price growth, investing in single-family homes could yield solid returns as the demand seems to be driving up prices consistently. Apartments also present an opportunity for investment, especially for those looking to target the rental market or seeking lower entry points into real estate investment. The 2.5% growth rate for apartments indicates a steady demand which may be attributed to demographic factors such as smaller household sizes or affordability constraints.
Future Market Outlook
The future outlook of Kettleby’s real estate market appears positive. With a population growth rate of 3.2%, which is above national averages, there is an implication of sustained demand for housing as more people move into the area seeking employment opportunities or lifestyle changes. This influx can be expected to further drive property values over time. Moreover, ongoing developments and enhancements within Kettleby may attract additional interest from both buyers and investors alike. Therefore, it can be cautiously projected that if current trends continue along with population growth, Kettleby may experience continued real estate market expansion.