Madden, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,600 |
| Previous Population (2020) | 15,000 |
| Population Change | 4.0% |
| 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 Madden, Alberta is currently experiencing moderate growth. With a median house price of $485,000 and a year-over-year increase of 2.8%, the housing market is showing signs of steady appreciation. Similarly, the median apartment price stands at $295,000, with a slightly lower growth rate of 1.5% over the same period. This suggests a stable and growing market that may attract homeowners and investors alike.
The population of Madden has grown by 4% to 15,600 residents. This increase indicates potential for continued demand in housing, both for purchase and rental purposes. The sustained population growth can be attributed to Madden’s economic opportunities, lifestyle appeal, or broader regional trends that favor smaller communities.
Investment Opportunities and Potential
Considering the current growth trends, investing in Madden’s real estate could be promising. The consistent rise in property values suggests that purchasing residential properties now could lead to capital gains in the future. Moreover, with the population increasing steadily, demand for rental properties is likely to rise as well. Investors might find opportunities in both the house and apartment markets, taking advantage of the lower growth rate in apartments to enter the market at a more accessible price point.
Investors should also consider factors such as local economic development plans, infrastructure improvements, and any government incentives for property investment or development which could further enhance property values and rental demand in Madden.
Future Market Outlook
The future market outlook for Madden appears positive. If current trends continue, with population growth driving demand for housing alongside modest yet steady appreciation rates, Madden’s real estate market is poised for ongoing growth. Investors and homebuyers can maintain a cautiously optimistic view but should monitor regional economic indicators and national real estate policies that might impact future market conditions.
It’s important to note that while historical data can give us an indication of future performance, changes in external factors such as interest rates, employment rates, and government housing policies can significantly alter market dynamics. Therefore, staying informed about both local and macroeconomic factors remains essential for anyone interested in Madden’s real estate market.
