Marshalltown, Nova Scotia 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 Marshalltown, Nova Scotia is currently characterized by moderate growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%, which indicates steady demand and a healthy economy. Similarly, apartments are also experiencing growth, albeit at a slightly slower pace, with the median apartment price at $300,000 and an annual trend of 2.1%. These statistics suggest that both segments of the housing market are growing in value, which could be attractive to homeowners and investors alike.
The population of Marshalltown stands at 15,000 residents and has been growing at a rate of 7.1%. This substantial population growth can be attributed to factors such as the town’s economic opportunities, quality of life, and perhaps in-migration from more expensive urban centers. The increasing population is likely contributing to the demand for housing and driving the positive trends in property values.
Investment Opportunities and Potential
Given the steady growth in property values and significant population increase, Marshalltown presents several investment opportunities. The consistent rise in median house prices suggests that investing in residential properties could yield capital gains over time. Rental properties may also see increased demand due to population growth, potentially leading to higher rental income for investors.
Apartments offer a lower entry point into the real estate market at $300,000 with a positive growth trend. Investors considering a more affordable investment or looking to diversify their portfolio might find apartments attractive. Moreover, with more people moving to the area, there could be opportunities for developing new housing projects to meet the growing demand.
Future Market Outlook
The future market outlook for Marshalltown appears promising. If current trends persist, the real estate market is expected to continue its moderate growth trajectory. Population expansion is likely to remain a key driver for housing demand, which should support both property values and rental markets.
However, potential investors should also consider broader economic indicators and any changes in local government policies that might impact the real estate market. Monitoring interest rate trends will also be crucial as they directly affect mortgage affordability and therefore influence buyer activity.
In conclusion, Marshalltown’s real estate market offers stability and potential for growth. Careful analysis and strategic investments could yield positive returns for those looking to enter or expand their presence in this local market.
