Niverville, Manitoba 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
The real estate market in Niverville, Manitoba is currently characterized by a steady growth in property values. With a median house price of $500,000 and an annual price increase of 3.5%, the market is showing healthy appreciation rates that are attractive to homeowners and investors alike. The median apartment price stands at $300,000, reflecting a more modest year-over-year increase of 2.1%. This differential suggests that houses are in higher demand compared to apartments, potentially due to factors such as family-oriented buyer preferences or the appeal of more space.
Niverville’s population has grown by 7.1%, indicating a thriving community that is attracting new residents at a significant rate. This influx likely contributes to the positive market dynamics by increasing demand for housing. The consistent growth trend also points towards a stable environment for both buyers and sellers.
Investment Opportunities and Potential
The robust population growth paired with steady appreciation in property values presents compelling investment opportunities in Niverville. Single-family homes appear particularly promising given their higher rate of appreciation. Investors might consider purchasing residential properties to capitalize on potential equity gains or to generate rental income from the growing population seeking housing.
Moreover, long-term investors could explore developments or refurbishment projects, especially in areas where new residents are likely to settle. Commercial real estate may also offer untapped potential due to the increased need for services catering to the expanding community.
Future Market Outlook
Looking ahead, Niverville’s real estate market appears poised for continued growth. The town’s strong population increase is expected to persist as it becomes an increasingly attractive destination for families and individuals seeking a balance between rural charm and proximity to urban centers.
The steady climb in house prices suggests that Niverville will maintain its upward trajectory, making it an appealing market for both short-term investors looking for flips and long-term investors aiming for rental properties or land development. However, as with any real estate market, monitoring economic indicators and staying informed about local developments will be key to making well-founded investment decisions.
Overall, the combination of Niverville’s growing community, rising property values, and stable market conditions creates an optimistic outlook for its real estate landscape over the coming years.
