Marysville, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $520,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $310,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $520,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $480,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
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 in Marysville, British Columbia
In Marysville, British Columbia, the real estate market is currently experiencing consistent growth. The median house price stands at $520,000, demonstrating a steady year-over-year increase of 4%. This rate indicates a healthy demand for single-family homes and a resilient market that is capable of sustaining gradual appreciation. Similarly, the median apartment price has reached $310,000, with a slightly lower but still positive growth trend of 2.5% year-over-year. The concurrent rise in property values across different housing types suggests a robust and diversified real estate environment.
The population of Marysville has reached approximately 15,500 residents, showing an impressive growth rate of 3.3%. This demographic expansion supports the demand for housing and contributes to the dynamic market conditions. An increasing population often leads to greater infrastructure development, commercial investments, and enhanced services which can further stimulate the local real estate market.
Investment Opportunities and Potential in Marysville
Marysville’s real estate market presents promising investment opportunities given its consistent growth patterns. Investment potential is particularly evident within the residential sector due to the town’s steady population increase. Prospective investors may find long-term value in purchasing single-family homes or apartments with the anticipation of continued appreciation. The ongoing rise in property values signals strong market fundamentals that are likely to support rental income stability and potential capital gains for investors.
The current trends suggest that both entry-level properties, such as apartments priced at an average of $310,000, and more substantial family homes are viable investment options. Given the 4% growth rate for houses and 2.5% for apartments, these assets present balanced options for both yield-focused investors seeking rental properties and those looking for longer-term equity growth.
Future Market Outlook for Marysville
The future outlook for Marysville’s real estate market appears optimistic based on current trends and demographic indicators. With a steadily growing population that has recently increased by 3.3%, it’s expected that demand for housing will remain strong, underpinning further growth in property values. The town’s ability to attract new residents suggests a vibrant local economy with potential for expansion in both residential and commercial sectors.
The continuous appreciation in median house prices at 4% year-over-year reflects a market that is not overheating but rather growing at a sustainable pace. This trend is likely to persist as long as economic conditions remain favorable and population growth continues its upward trajectory. Investors can be cautiously optimistic about entering Marysville’s market with a reasonable expectation of property value appreciation and return on investment over time.
In conclusion, while external factors such as interest rates and national economic health could affect local markets like Marysville’s, current data points towards a stable and promising future for real estate investments in this region.