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
Current Market Conditions and Trends
The real estate market in Macgregor, Manitoba, is currently experiencing a steady growth pattern. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the housing market is demonstrating healthy appreciation. This is indicative of a stable demand for single-family homes in the area. The apartment sector is also showing a positive trajectory with a median price of $300,000 and a 2.1% annual increase. These figures suggest that Macgregor’s real estate market is attractive to both homeowners and investors looking for long-term growth.
The population of Macgregor has seen significant growth, with an increase of 7.1%. This influx of residents can potentially lead to higher demand for housing units in both the private and rental sectors. Consequently, this demographic shift may continue to drive the property values and rental rates upward.
Investment Opportunities and Potential
With its growing population and consistent rise in property values, Macgregor presents compelling investment opportunities. Investors could benefit from the town’s expanding market by purchasing residential properties that are likely to appreciate over time. Given the current house price trends, investing in single-family homes could yield substantial returns as the market continues to grow.
Apartments also represent an attractive investment option due to their lower entry price point and steady appreciation rate. With a median apartment price of $300,000 that has increased by 2.1% over the past year, there is potential for solid capital gains and rental income streams as demand for more affordable housing options rises alongside population growth.
Future Market Outlook
The future outlook for Macgregor’s real estate market appears promising. If current trends persist, investors and homeowners can anticipate continued appreciation in property values. The sustained population growth suggests that there will be ongoing demand for housing which should support rising prices and provide a safeguard against any potential downturns in the market.
Furthermore, as Macgregor develops economically and demographically, infrastructure improvements and community developments are likely to follow suit, potentially boosting property values further. Those considering entering the real estate market in Macgregor would be wise to monitor these trends closely, as early investments could lead to significant gains in the coming years.
