Mcauley, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Mcauley, Manitoba currently exhibits a steady growth pattern. With a median house price of $495,000 and a year-over-year increase of 3.3%, the market is showing healthy appreciation, signaling a robust demand for housing. The median apartment price stands at $295,000, with a slightly lower growth rate of 2.5% year-over-year. This difference in growth rates indicates that houses are in higher demand compared to apartments.
The population of Mcauley has reached approximately 15,500 residents, with a notable growth rate of 3.33%. This demographic expansion is likely contributing to the increased demand for housing and can be seen as a driving factor behind the steady price appreciation.
Investment Opportunities and Potential
The ongoing population growth paired with consistent property value increases suggest that Mcauley offers promising investment opportunities. Given the current trends, investors might find more potential in the single-family home market, as evidenced by its higher growth rate compared to apartments.
New developments and residential projects could benefit from the increasing demand for housing. Additionally, investors should consider long-term rental strategies to capitalize on the growing populace, which may include young professionals and families looking for stable housing options.
Future Market Outlook
The future market outlook for Mcauley, Manitoba remains optimistic. The steady rise in population suggests that housing demand will continue to grow. If current trends persist, we can expect both home and apartment prices to maintain an upward trajectory.
An important consideration for future forecasts is the broader economic context, including interest rates and employment levels in the region. Provided these factors remain favorable, Mcauley’s real estate market should continue to offer both a stable environment for homeowners and attractive prospects for investors.
