Medley, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Medley, Alberta is currently experiencing modest growth as indicated by the incremental increase in property values. The median house price stands at $485,000, reflecting a year-over-year growth of 2.8%. This steady pace suggests a stable housing market that avoids the volatility seen in other regions. Similarly, the median apartment price has risen to $295,000, with a slightly lower year-over-year increase of 1.8%. These trends point towards balanced conditions where both buyers and sellers can find opportunities.
The local population growth of 2.7% is another vital indicator of the health of Medley’s real estate market. An expanding population often leads to increased demand for housing, which could potentially push property values higher over time.
Investment Opportunities and Potential
Investors considering Medley’s real estate market can be optimistic about its potential for steady growth. The consistent rise in median house prices provides an opportunity for long-term capital appreciation. Furthermore, the rental market could benefit from the continuous population growth, suggesting that investment properties might yield profitable returns through rental income.
Given that apartment prices are also on the rise but at a more moderate pace than houses, there may be an opening for investors to enter the market at a relatively lower entry point and capitalize on future price escalations and rental demand from those seeking more affordable housing options.
Future Market Outlook
The future outlook for Medley’s real estate market appears positive based on current trends and statistics. Continuous population growth should maintain demand for housing, potentially leading to further increases in property values over time. However, investors and homebuyers should stay informed about local economic developments and national policy changes that could impact interest rates or lending conditions.
Assuming that current conditions persist—moderate price growth coupled with steady population increases—Medley’s real estate market could offer a balance of stability and investment opportunity. Nevertheless, it remains essential for stakeholders to monitor regional economic drivers that might influence future market dynamics.
