Killarney, 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 (2025) | 15,000 |
| Previous Population (2020) | 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
In Killarney, Ontario, the real estate market is exhibiting steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes in the area. Similarly, the median apartment price has reached $300,000, reflecting a more modest year-over-year appreciation of 2.1%. Such trends suggest a stable market with consistent growth rates for both houses and apartments.
The population of Killarney has seen significant growth at a rate of 7.1%, bringing the total to approximately 15,000 residents. This influx of new residents can be attributed to Killarney’s growing reputation as an attractive place to live, work, and invest in real estate.
Investment Opportunities and Potential
The current market conditions present multiple investment opportunities. The steady rise in property values indicates potential long-term capital gains for investors interested in purchasing residential properties. Single-family homes, given their higher appreciation rate, may offer better returns for those looking to invest in detached housing.
Apartments offer an alternative investment opportunity with a slightly lower but stable appreciation trend, catering to a different segment of the market that includes first-time homebuyers or individuals seeking more affordable housing options.
The population growth not only fuels demand for housing but also opens up possibilities for investment in rental properties. Given the increasing number of residents seeking accommodation in Killarney, landlords may benefit from competitive rental yields over time.
Future Market Outlook
The future outlook for Killarney’s real estate market remains optimistic. With ongoing population growth and sustained economic development in the region, demand for housing is expected to remain robust. The steady appreciation rates for both houses and apartments suggest that the market is likely to maintain its upward trajectory.
Continued infrastructure improvements and community development initiatives may further enhance the attractiveness of Killarney as a residential destination. As such, both owner-occupiers and investors can anticipate a favorable environment for real estate activity in the coming years.
