Marquette, 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 Marquette, Manitoba, is currently experiencing a steady growth in property values. With the median house price at $500,000, there has been a year-over-year increase of 3.5%, indicating a healthy demand for single-family homes in the area. Similarly, the median apartment price stands at $300,000 with a slower but consistent annual appreciation of 2.1%. These trends suggest that the market is stable and growing at a sustainable pace.
The population of Marquette has reached approximately 15,000 residents, with a robust growth rate of 7.1%. This increase in population is likely contributing to the demand for housing and can be seen as a contributing factor to the steady rise in property values.
Investment Opportunities and Potential
The current trends in Marquette’s real estate market present promising investment opportunities. The continuous appreciation of house and apartment prices indicates that purchasing property could yield substantial returns over time. Investors should take note of the strong population growth as an indicator of potential rental market demand. With more people moving into the area, rental properties—especially apartments—may become increasingly desirable, leading to potential gains from both rental income and capital appreciation.
Future Market Outlook
The outlook for Marquette’s real estate market appears positive over the medium to long term. Given the consistent growth in property values and population numbers, it is reasonable to anticipate that these trends will continue if current economic conditions remain stable or improve. Assuming that local employment opportunities expand alongside population growth, Marquette could see a sustained or possibly increased rate of demand for residential properties.
Prospective investors and homebuyers should monitor key economic indicators such as employment rates, infrastructure developments, and interest rate changes as they can significantly impact market conditions. However, based on current data, Marquette’s real estate market holds potential for both owner-occupiers looking for long-term value retention and investors seeking profitable investment avenues.
