Marquette, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $487,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $487,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,100 |
| 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 Marquette, Manitoba is currently experiencing moderate growth. With a median house price of $487,000 and a year-over-year price increase of 3.2%, the market shows healthy, steady appreciation. This gradual upswing suggests a balanced market that benefits both buyers and sellers. Similarly, the apartment sector reflects stability with a median price point of $295,000 and a modest annual growth rate of 1.9%. The population has seen a significant rise of 4.8%, indicating an increased demand for housing in the area.
Investment Opportunities and Potential
The investment potential in Marquette is promising due to continuous population growth and stable property value increases. Given that the population is expanding faster than the national average, there is likely to be sustained demand for housing, making it an opportune time for investors to enter the market or expand their portfolios. The steady rise in house prices provides a favorable environment for long-term investment strategies, as properties are appreciating at a sustainable rate. Furthermore, the rental market is expected to benefit from the population increase, suggesting good prospects for investors looking at income-generating properties.
Future Market Outlook
Looking forward, Marquette’s real estate market appears poised for continued steady growth. Factors such as the strong population increase bode well for future demand in housing. Continued economic development within the region will likely support this trend. The current trajectory of house and apartment prices indicates that Marquette will maintain its steady pace without signs of overheating or volatility in the near term. Investors can expect a reliable market with potential for ongoing appreciation, making it an attractive location for both residential and rental property investments.
