Pierson, 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
As of the latest data, Pierson, Manitoba presents a real estate market with steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent appreciation indicates a healthy demand for single-family homes. Similarly, the apartment sector is showing positive movement with a median price point of $300,000 and a growth trend of 2.1% over the past year. The population of Pierson has reached 15,000 residents, showcasing a significant growth rate of 7.1%, which may be contributing to the sustained demand for housing in the area.
Investment Opportunities and Potential
The current trends in Pierson’s real estate market suggest promising opportunities for investors. Given the solid growth in property values and the rising population, demand for both rental and owner-occupied housing is likely to remain strong. The higher appreciation rate for houses compared to apartments could indicate a more substantial potential for return on investment in the single-family home sector. Investors should also consider the long-term benefits of entering the market now as the trends show consistent growth rather than sharp spikes that could suggest volatility.
Future Market Outlook
The future market outlook for Pierson appears optimistic based on current trends and underlying demographic shifts. With a steady increase in median house and apartment prices, combined with a robust population growth rate, it is reasonable to expect continued demand for housing. Assuming no major economic disruptions occur, these factors should continue fostering a favorable environment for both homebuyers and investors. Caution should be exercised, however, as external economic factors and changes in local employment opportunities can affect future market conditions.
