Limestone, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $497,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $497,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 14,400 |
| Population Change | 6.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Limestone, Manitoba, is currently experiencing a stable increase in property values. The median house price stands at $497,000, which represents a year-over-year growth of 3.4%. This steady rise indicates a healthy demand for single-family homes in the region. Similarly, the apartment market has seen a moderate appreciation with the median price reaching $295,000, up by 2.3% from the previous year. The population growth of 6.3%, as it increases to 15,300 residents, supports this uptrend by creating a continuous demand for housing.
Investment Opportunities and Potential
Considering the solid growth patterns in population and property value, Limestone presents attractive opportunities for real estate investors. Single-family homes have shown a slightly higher appreciation rate, which may appeal to those looking for capital gains in the longer term. On the other hand, apartments with their lower entry price point offer potential for rental investments, given the expanding local population. The ongoing population increase could also signal a prospective rise in demand for both rental and owner-occupied properties.
Future Market Outlook
The future outlook of Limestone’s real estate market appears optimistic. The consistent growth in median prices for both houses and apartments suggests that the market is maintaining its upward trajectory. With the population expected to continue its upward trend, there will likely be sustained demand for housing. While current trends point towards a favorable investment climate, potential investors should also consider economic factors such as employment rates and infrastructure developments that may influence future market conditions.
