Morley, 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
Current Market Conditions and Trends
In Morley, Alberta, the real estate market has demonstrated steady growth over the past year. The median house price currently stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy growth rate that aligns with regional economic stability and consumer confidence within the housing market.
The apartment sector has also seen growth, albeit at a slightly slower pace. With a median price of $300,000 and an annual appreciation trend of 2.1%, apartments are proving to be an attractive option for buyers looking for more affordable entry points into the property market or for investment purposes.
Morley’s population has seen significant growth, rising by 7.1% to reach a total of 15,000 residents. This demographic expansion is a positive indicator for future demand in the housing market and suggests that both residential and rental markets may continue to experience upward pressure on prices.
Investment Opportunities and Potential
The Morley real estate market presents several promising opportunities for investors. Given the consistent rise in property values and the substantial population growth, there is potential for both capital gains and rental income. The single-family home segment, with its higher rate of appreciation, offers strong potential for long-term investment returns.
Apartments in Morley are also an attractive investment option due to their more accessible price point and steady appreciation trend. As population growth continues to drive demand for housing, rental units are likely to benefit from increased occupancy rates and potentially higher rents over time.
Investors should also consider emerging neighborhoods and developments in Morley that may offer competitive pricing today but hold significant upside potential as the town continues to expand and attract new residents.
Future Market Outlook
The outlook for Morley’s real estate market remains positive. Factors such as ongoing population growth and sustained economic development suggest that demand for housing will continue to rise. Assuming these trends persist, we can anticipate further price increases across both houses and apartments.
The current growth trajectory positions Morley as an enticing area for both homebuyers and investors alike. However, it is important to monitor local economic indicators and development plans, as they can significantly impact future real estate values.
Investors should maintain a keen eye on infrastructure projects and employment trends within Morley since these elements will play a critical role in shaping the town’s real estate landscape moving forward.
