Mulhurst, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $560,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Mulhurst, Alberta is currently experiencing steady growth. The median house price stands at $485,000, which reflects a 4% year-over-year increase. This indicates a healthy demand for single-family homes within the area. The market for apartments is also showing positive momentum with a median price of $295,000 and a trend of 2.5% appreciation year-over-year. The population of Mulhurst has grown to 15,200 residents, with a growth rate of 1.33%, signaling a stable influx of new residents and potential homebuyers.
Investment Opportunities and Potential
The current trends suggest that real estate investment in Mulhurst bears potential for solid returns. The steady price increase for houses indicates an ongoing demand that may benefit investors looking for long-term capital gains. Rental properties also present a viable opportunity, especially considering the population growth, which could lead to increased rental demand. With apartments appreciating at a slightly lower rate than houses, investors might find them to be more accessible entry points into the real estate market while still offering the prospect of appreciation.
Future Market Outlook
The outlook for Mulhurst’s real estate market remains optimistic. The consistent population growth suggests that the demand for housing will continue to rise, potentially leading to further price increases if the supply does not keep pace. The economic stability of the region, along with favorable market conditions, positions Mulhurst as an attractive locale for both residential living and investment. Prospective fluctuations in interest rates and economic policies should be monitored, as they could affect affordability and investment attractiveness in future years.
