Oakland, 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 Oakland, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy demand for single-family homes in the area. Similarly, the apartment market is also seeing growth, albeit at a slower pace, with median prices at $300,000 and an annual growth rate of 2.1%.
The population of Oakland has reached approximately 15,000 residents, showing a robust increase of 7.1%. This population growth is a key driver of housing demand and reflects the town’s increasing attractiveness as a place to live.
Investment Opportunities and Potential
The consistent rise in property values suggests that Oakland presents solid investment opportunities for both residential and rental markets. The growth in house prices outpaces that of apartments, marking single-family homes as potentially more lucrative investments for those looking to capitalize on equity gains.
Rental properties may also be appealing due to the influx of new residents. Investors can expect a growing pool of potential renters, particularly if they invest in apartments which are currently more affordable than houses.
Future Market Outlook
Oakland’s real estate market is poised for continued growth given the strong underlying fundamentals: rising median prices and significant population growth. The steady increase in property values suggests that the market remains robust and may continue to attract investment. However, potential investors should remain mindful of economic factors that could impact interest rates and borrowing costs.
Assuming the current trends persist, Oakland’s housing market should remain attractive for both homebuyers and investors looking for stable appreciation in property values coupled with a growing local economy.
