Oakland, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $440,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.7% |
Apartment
| Median price | $275,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $380,000 |
| 3 bedrooms | $440,000 |
| 4 bedrooms | $520,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $230,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 14,800 |
| Population Change | 4.7% |
| 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 Oakland, Manitoba is currently experiencing a steady growth, with the median house price sitting at $440,000, which reflects an increase of 2.9% year-over-year. This signifies a healthy appreciation in property values, indicating a stable investment environment for prospective homeowners and investors alike.
The apartment sector is also showing positive trends with the median apartment price reaching $275,000, marking a 1.5% year-over-year growth. While this increase is modest compared to the housing market, it presents a more accessible entry point for first-time buyers and investors seeking lower investment thresholds.
The population of Oakland has reached approximately 15,500 people, with a notable population growth of 4.73%. This demographic expansion contributes to the demand for housing and can be seen as a catalyst for future real estate development and market vitality.
Investment Opportunities and Potential
Oakland’s real estate market offers diverse investment opportunities. Given the upward trend in house prices and the growing population, investing in residential properties could yield significant returns over time. The steady growth suggests that the market is less prone to volatile swings, offering a degree of stability to long-term investments.
While single-family homes represent a solid investment with their higher appreciation rate, apartments offer an affordable alternative for those looking to enter the market or diversify their portfolio. The consistent growth in apartment values suggests that this sector also holds potential for steady capital gains and rental income prospects.
The robust population growth further supports the investment potential, as it drives demand for rental properties. Investors looking to capitalize on rental income streams may find Oakland’s burgeoning population to be an advantageous factor.
Future Market Outlook
The future outlook of Oakland’s real estate market appears promising. With sustained population growth and continuous property value appreciation, both residential houses and apartments are poised for ongoing demand. As long as these demographic and economic trends persist, Oakland’s real estate market is likely to remain resilient and offer fruitful investment opportunities.
However, potential investors should consider external factors such as economic policies, interest rates, and regional developments that might impact the market dynamics. Staying informed and conducting thorough due diligence will be key in navigating future uncertainties and maximizing investment outcomes.
In conclusion, Oakland’s real estate market demonstrates strong fundamentals with positive indicators for future growth. Whether seeking long-term appreciation or immediate cash flow through rentals, investors can approach this market with a degree of confidence based on current data trends.
