Nisku, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 14,700 |
| Population Change | 4.1% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Nisku, Alberta is currently experiencing a steady growth trajectory. With a median house price of $485,000 and a year-over-year increase of 4%, the market is showing signs of healthy appreciation. Similarly, the median apartment price stands at $295,000, with a slightly lower growth rate of 1.8% year-over-year. This points to a balanced market where housing options are appreciating at a sustainable pace.
The population of Nisku has been growing at a rate of 4.1%, indicating an increasing demand for residential properties in the region. This growth can be attributed to the region’s economic prospects and attractiveness to new residents seeking employment or business opportunities.
Investment Opportunities and Potential
With steady price appreciation in both the housing and apartment sectors, Nisku presents lucrative investment opportunities for real estate investors. The continuous population growth further strengthens the potential for rental investments, as more individuals are looking for homes amidst the expanding local workforce.
Investors may find particular value in single-family homes due to their higher year-over-year price increase compared to apartments. However, apartments still offer an accessible entry point into the real estate market with a solid growth trend, appealing to those looking to invest in smaller properties or seeking lower maintenance assets.
Future Market Outlook
The future outlook for Nisku’s real estate market remains optimistic. Given the consistent population increase and economic stability in the area, it is expected that both housing demand and property values will continue on an upward trend. The 4% growth in median house prices indicates that Nisku’s real estate market has room for further expansion without showing signs of overheating.
As long as economic conditions remain favorable, with continued job creation and infrastructure development, Nisku will likely maintain its momentum as an attractive market for both homebuyers and investors. However, potential investors should keep an eye on national economic trends and local developments that could impact the real estate landscape.
