Kilworth, 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 | $320,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $650,000 |
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 Kilworth, Ontario, is currently experiencing steady growth with a median house price of $525,000, which represents a 4% increase year-over-year. The apartment sector is also showing positive momentum with a median price of $320,000 and a growth rate of 2.5% over the same period. These trends indicate a healthy demand for housing in the area.
The population of Kilworth has reached 15,500 residents and continues to grow at an annual rate of 3.3%. This population growth is contributing to the sustained demand for residential properties and is a driving factor in the upward price trends observed in both the house and apartment markets.
Investment Opportunities and Potential
With Kilworth’s growing population and consistent rise in property values, investment opportunities appear promising for both residential homes and apartments. The steady increase in median house prices suggests that investments in single-family homes are likely to benefit from capital appreciation over time. Similarly, the apartment market shows potential for both capital gains and rental yield investments due to its year-over-year appreciation trend.
Investors should also consider the broader economic indicators and development plans in Kilworth that may impact real estate values. Factors such as infrastructure improvements, job market strength, and local amenities can significantly influence investment outcomes.
Future Market Outlook
The future outlook for Kilworth’s real estate market remains optimistic based on current trends and demographic data. Assuming the continuation of present growth patterns in population and property values, it is reasonable to expect sustained demand for housing which should support further price increases. However, investors must remain vigilant about economic shifts that could affect interest rates, employment rates, and overall affordability – all of which could impact market dynamics.
In conclusion, while current indicators point towards a favorable outlook for Kilworth’s real estate market, potential investors should perform thorough due diligence and stay informed about local developments that may influence future market conditions.