Medley, Alberta 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
1. Current Market Conditions and Trends
In Medley, Alberta, the current median house price is set at $500,000, with a year-over-year growth rate of 3.5%. This indicates a steadily appreciating housing market. Similarly, the median apartment price stands at $300,000, experiencing a slightly lower growth trend of 2.1% year-over-year. Such trends suggest that the real estate market in Medley is healthy and growing at a sustainable pace.
With a population of 15,000 that has seen a significant increase at a rate of 7.1%, demand for housing is expected to rise. This population growth can be attributed to Medley’s economic opportunities or lifestyle appeal, which contributes to the upward pressure on housing prices as supply tries to keep pace with demand.
2. Investment Opportunities and Potential
The consistent growth in house and apartment prices points to robust investment opportunities in Medley. Investors considering entry into this market could benefit from both capital appreciation and potential rental income. Given the strong population growth, rental demand is likely to increase, which bodes well for investors looking for steady cash flow.
The difference in appreciation rates between houses and apartments may also signal a diversification strategy; where houses offer higher capital gains, apartments could be more accessible entry points for new investors or those with less capital who still want exposure to the property market.
3. Future Market Outlook
The future market outlook for Medley remains positive. The consistent rise in property values alongside robust population growth suggests that demand will continue to drive the real estate market forward. Assuming no major economic disruptions occur, Medley’s real estate sector is poised for continued growth.
However, potential investors and homeowners should consider factors such as interest rate changes, local employment rates, and any policy adjustments affecting real estate when making decisions. With careful analysis of these external factors and monitoring of local development plans, stakeholders can make informed decisions about participating in Medley’s real estate market.
