Newton, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $475,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $475,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Newton, Manitoba, is currently experiencing steady growth. With a median house price of $475,000 and a year-over-year increase of 3.2%, the housing market reflects a healthy demand for residential properties. Meanwhile, the median apartment price stands at $295,000, with a slightly lower growth rate of 2.5% year-over-year. These trends are indicative of sustained interest in Newton’s real estate, with single-family homes appreciating slightly faster than apartments.
Investment Opportunities and Potential
For investors considering Newton’s real estate market, the moderate but consistent price appreciation presents promising opportunities. The solid growth in median house prices suggests that investing in residential property could yield profitable returns over the long term. Apartments also offer a viable investment option with their steady appreciation trend, appealing to investors looking for lower entry points into the property market.
The population of Newton has grown by 3.3%, suggesting an expanding local economy and potential for increasing rental demand. This demographic trend can be advantageous for investors seeking rental income or capital gains from properties that cater to the needs of a growing population.
Future Market Outlook
The future outlook for Newton’s real estate market appears optimistic due to the consistent growth in property values and an expanding population base. Assuming these trends persist, we can expect continued demand for housing which may support further price increases for both houses and apartments. The current data indicates that this market holds potential for sustainable long-term investments.
However, it is crucial for investors to remain aware of broader economic factors and regional developments that could impact market dynamics. Factors such as employment rates, infrastructure projects, and changes in mortgage rates could also influence future market conditions in Newton.
