Macgregor, Manitoba 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
1. Current Market Conditions and Trends
The real estate market in Macgregor, Manitoba currently exhibits steady growth, with the median house price standing at $500,000, reflecting a year-over-year increase of 3.5%. This trend suggests a healthy demand for single-family homes, driven by favorable local economic factors and a desirable living environment. Similarly, the apartment market is experiencing growth, albeit at a slower pace, with the median apartment price at $300,000 and an annual appreciation rate of 2.1%. The consistent growth across both housing types indicates a balanced expansion in the region’s real estate offerings.
2. Investment Opportunities and Potential
Given the current trends, investment opportunities in Macgregor are promising for both residential properties and rental markets. The steady appreciation in house values presents an opportunity for long-term capital gains for investors seeking to purchase single-family homes. Similarly, apartments offer potential for rental income, coupled with modest capital appreciation. With a population growth rate of 7.1%, which is significantly higher than national averages, there is likely to be sustained demand for housing, underpinning the investment potential in the region.
3. Future Market Outlook
The future market outlook for Macgregor appears optimistic. The combination of a robust population growth rate of 7.1% and consistent property value appreciation suggests that the demand for housing will continue to rise. As more people are drawn to the area due to its economic opportunities and quality of life, we can expect both the sales market and rental sector to remain strong. While it is difficult to precisely predict future market conditions, current indicators point towards continued growth and stability in Macgregor’s real estate market.
