Middleton, Nova Scotia 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Middleton, Nova Scotia, is experiencing a period of steady growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market shows healthy appreciation rates for single-family homes. The median apartment price stands at $300,000, which has seen a more modest but stable increase of 2.1% year-over-year.
This growth can be partly attributed to the town’s population expansion of 7.1%, signaling an increasing demand for housing in the region. This demographic shift may be due to Middleton’s appealing small-town charm coupled with its proximity to larger economic centres, making it attractive for both families and professionals.
Investment Opportunities and Potential
Considering the sustained growth in property values, Middleton presents promising investment opportunities. The consistent rise in house prices indicates a strong market that is likely to reward long-term investments. Additionally, the increasing population suggests a growing rental market, which could benefit investors looking to purchase apartments or houses for rental income.
With a median apartment price lower than that of houses, investing in multi-unit residential properties could be particularly advantageous as it may offer lower entry points and potentially higher yield returns due to the demand for rental accommodations from those unable or unwilling to invest in the higher-priced single-family home market.
Future Market Outlook
The future market outlook for Middleton appears optimistic. If current trends continue along with the population growth rate of 7.1%, demand for housing is likely to remain strong. This demographic momentum combined with limited supply could continue driving property prices upward.
In conclusion, while no market can be entirely predicted, data-driven analysis suggests that Middleton’s real estate market will remain robust for the foreseeable future, presenting potential benefits for both homeowners and investors alike.
