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
In Matlock, Manitoba, the real estate market is exhibiting stable growth, with the median house price currently standing at $500,000. This represents a year-over-year increase of 3.5%, which indicates a healthy and steadily appreciating housing market. Similarly, apartments in the region have seen a price increase of 2.1% year-over-year, with the median apartment price now at $300,000. The population of Matlock has grown by 7.1%, suggesting an increasing demand for housing due to demographic expansion.
Investment Opportunities and Potential
The consistent growth in property values in Matlock presents promising investment opportunities. The combination of a strong housing price trend and significant population growth positions Matlock as an attractive location for investors looking for capital appreciation and a robust rental market. With median prices still accessible compared to larger urban centres, there is potential for both first-time homebuyers and seasoned investors to enter the market.
Future Market Outlook
Looking forward, the real estate market in Matlock is poised for continued growth. The current trends suggest that property values will maintain their upward trajectory, supported by the area’s population expansion. Continued investment in local infrastructure and amenities is likely to further bolster the appeal of the region, potentially leading to an even more dynamic real estate market with opportunities for new developments and renovations.
