Markerville, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.9% |
| 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 | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Markerville, Alberta, is currently experiencing steady growth. With a median house price of $485,000 and an annual appreciation trend of 2.8%, the housing market indicates a stable increase in property values. Similarly, the median apartment price stands at $295,000 with a growth trend of 1.9% year-over-year. This suggests that both segments of the housing market are moving in a positive direction.
The population of Markerville has grown by 2.7% to now total 15,200 residents. This demographic trend contributes to the demand for housing and can be seen as an underlying factor supporting the real estate market’s health.
Investment Opportunities and Potential
For investors looking into the Markerville real estate market, there are promising opportunities especially in residential properties. The steady growth in home prices reflects a market with investment potential for both short-term gains through resale and long-term gains via rental income. Given the consistent rise in population, demand for housing is expected to remain strong, which bodes well for landlords and property owners.
Investors might also consider exploring the apartment segment due to its slightly lower yet consistent price growth trend. As affordability becomes more important for segments of the population, apartments could become increasingly popular, thus presenting an attractive investment option with potential for rental yield and capital appreciation.
Future Market Outlook
The future outlook for Markerville’s real estate market appears optimistic based on current trends. The continued population growth at 2.7% annually suggests that demand for housing will persist, potentially driving property values up further if supply does not keep pace with demand.
Considering economic factors such as employment rates, interest rates, and regional development plans would be crucial in making more precise predictions about the market’s direction. However, based on the data available, it seems that Markerville’s real estate market could maintain its upward trajectory in the foreseeable future.
