Leduc, Alberta 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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Leduc, Alberta
Leduc’s real estate market is currently characterized by a steady increase in property values with the median house price sitting at $500,000, which indicates a 3.5% year-over-year growth. The market for apartments is also witnessing an upward trend, albeit at a slightly slower pace, with a 2.1% year-over-year increase, setting the median apartment price at $300,000. These figures suggest a healthy demand in the residential sector. Additionally, Leduc’s population has seen significant growth of 7.1%, underpinning the expanding real estate demand. This influx is likely driven by Leduc’s economic stability and its proximity to Edmonton, making it attractive for both families and individuals seeking residential options outside of a major urban center.
Investment Opportunities and Potential in Leduc
The data points towards promising investment opportunities within Leduc’s real estate market. The consistent price appreciation for houses and apartments suggests that investments are likely to benefit from capital gains over time. The substantial population growth further bolsters the potential for rental properties as there will be an increasing number of people looking for homes in the area. Investors might particularly consider targeting mid-range residential properties given the median house and apartment prices, as these segments seem to be experiencing stable growth. With Leduc’s strategic location near Edmonton and its own local amenities and businesses, investment in commercial real estate could also offer lucrative returns as the city continues to expand.
Future Market Outlook for Leduc
The outlook for Leduc’s real estate market appears optimistic. The sustained population growth rate of 7.1% is likely to continue driving demand for housing in the coming years. Given this demand and the steady appreciation trend observed in both house and apartment prices, one can reasonably expect ongoing positive momentum in property values. Furthermore, with Alberta’s economy showing resilience and diversification beyond its traditional energy sector roots, regions such as Leduc stand to benefit from wider economic stability and investment potential. However, investors should remain vigilant about broader economic factors that could affect interest rates and borrowing costs which may impact buyer affordability and subsequently influence market dynamics.
