Matlock, 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 Matlock, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This reflects a healthy demand for residential properties in the area. Similarly, the median apartment price is $300,000, showing a slightly lower but still positive trend with a 2.1% increase year-over-year.
The population of Matlock has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This influx of new residents may be contributing to the demand for housing and the consequent rise in property values. The current trends indicate a stable market that is likely continuing to attract buyers and investors alike.
Investment Opportunities and Potential
Investment opportunities within Matlock are promising due to the town’s burgeoning population and consistent property value appreciation. Investors looking to purchase residential properties can expect moderate but steady capital gains based on the current house and apartment price trends.
New developments and infrastructure projects could spur additional growth, opening opportunities for both residential and commercial property investments. The current market conditions suggest that long-term investments have the potential to yield substantial returns as the community continues to expand and attract more residents.
Future Market Outlook
The future outlook for Matlock’s real estate market appears optimistic. With a robust population growth rate of 7.1%, it is likely that demand for housing will remain high, potentially pushing property values further up over time.
If current trends continue, the median house price may see sustained growth beyond the current 3.5% annual increase, which could make purchasing property now an advantageous investment for the future. Similarly, apartments are expected to maintain a gradual appreciation in value, keeping them an attractive option for investors focusing on rental income or smaller-scale investments.
To conclude, Matlock offers a vibrant real estate market with solid investment potential backed by strong population growth and consistent appreciation in property values. Stakeholders should monitor local economic developments closely as these will play a crucial role in shaping the market dynamics in the years to come.
