Leduc, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $292,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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 Leduc, Alberta, is currently characterized by a steady increase in property values. The median house price is $485,000, which reflects a year-over-year growth of 4.2%. This consistent uptick in home prices indicates a healthy demand in the housing market. Similarly, the apartment sector is experiencing growth with the median apartment price at $292,000, increasing by 2.5% from the previous year.
With a population of 15,000 and a growth rate of 3.4%, Leduc is expanding faster than many other regions. This population surge can be attributed to Leduc’s economic stability and its attractiveness to individuals seeking employment opportunities, particularly in the energy sector, which dominates this area of Alberta.
Investment Opportunities and Potential
Leduc presents several promising investment opportunities, especially considering its steady population growth and economic resilience. Given the upward trend in property prices, investors can expect capital appreciation over time. The single-family home segment appears particularly robust with a higher growth rate, making it an attractive option for long-term investment.
The rental market also shows potential due to the continuous influx of workers and their families into the city, which should keep demand for rental properties high. Investors looking to enter the rental market may find apartments an enticing option since they present a more affordable entry point at $292,000, coupled with a positive year-over-year price trend.
Future Market Outlook
The future outlook for Leduc’s real estate market remains optimistic. The sustained population increase suggests that demand for housing will continue to rise. If economic conditions remain stable or improve, particularly within the energy sector that heavily influences local employment and prosperity, the real estate market is likely to maintain its momentum.
However, investors should consider potential risks such as fluctuating oil prices that could impact the local economy and subsequently the real estate market. Monitoring these external factors will be crucial for making informed investment decisions. Nevertheless, given current trends and regional economic drivers, Leduc’s real estate market holds promise for continued growth and remains an attractive prospect for both residential buyers and real estate investors alike.
