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 (2024) | 15,000 |
| Previous Population (2019) | 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 experiencing a period of steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy signs of expansion. Similarly, the median apartment price stands at $300,000 and is increasing at a rate of 2.1% year-over-year. This growth can be attributed to several factors including the area’s robust population growth of 7.1%, which suggests a rising demand for housing.
Investment Opportunities and Potential
Investment opportunities in Marshalltown are promising due to the consistent increase in property values and the growing population. The real estate market is offering a balanced mix of residential properties with both houses and apartments steadily appreciating in value. For investors looking to capitalize on rental income or long-term capital gains, Marshalltown presents a viable market with potential for sustainable growth. The town’s increase in inhabitants likely signals a continuous demand for housing, which could support rental rates and maintain low vacancy levels.
Future Market Outlook
The outlook for Marshalltown’s real estate market remains optimistic. The combination of steady price increases, strong population growth, and the current economic trends suggests that the market will continue to thrive in the foreseeable future. As long as these conditions persist—particularly the impressive population growth rate—the demand for housing should remain high, potentially driving further price appreciations in both the housing and apartment sectors.
It is important for investors and potential homebuyers to keep an eye on local and national economic indicators that could influence these trends, such as interest rates, employment rates, and inflation. However, based on current data, Marshalltown’s real estate market is poised for continued upward momentum.
