Macson, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| 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 | $585,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Macson, Alberta, currently presents a stable and growing environment. The median house price is positioned at $485,000, showcasing a year-over-year increase of 4%. This growth rate indicates a healthy demand for housing, likely driven by the region’s economic factors and population growth. On the other hand, the median apartment price stands at $295,000, with a slightly lower year-over-year appreciation rate of 2.5%. This suggests a steady but more modest increase in the apartment sector.
The population of Macson has reached 15,500 residents, reflecting a robust growth rate of 3.3%. This demographic expansion supports the ongoing demand for residential properties and contributes to the vitality of the local real estate market.
Investment Opportunities and Potential
For investors considering Macson’s real estate market, there exists significant potential across various segments. Given the solid appreciation rates for both houses and apartments, investments in residential properties appear promising. The stronger performance in the housing sector could appeal to investors looking for potentially higher returns and capital gains.
The demographic trends also suggest that rental properties could be an attractive opportunity. With population growth outpacing national averages, there is likely to be an increasing demand for rental accommodation. Additionally, new developments or renovations in existing properties could cater to newcomers’ preferences or those seeking to upgrade their living arrangements within Macson.
Future Market Outlook
The future outlook for Macson’s real estate market remains optimistic. The consistent population growth combined with positive economic forecasts should sustain demand and lead to further property value appreciation. If current trends continue, one can anticipate ongoing incremental increases in property prices for both houses and apartments.
Investors and prospective homeowners are advised to monitor local economic developments closely as they can have a direct impact on the real estate market dynamics. Factors such as employment rates, infrastructure projects, and regional policies will play critical roles in shaping Macson’s real estate landscape moving forward.
