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
The real estate market in Pierson, Manitoba currently exhibits a steady growth in property values. 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 median apartment price has been pegged at $300,000, showing a slightly lower yet consistent annual increase of 2.1%. These trends suggest that Pierson’s real estate market is expanding at a moderate pace, which can be partially attributed to the town’s population growth of 7.1%, a significant indicator of increasing demand for housing.
Investment Opportunities and Potential
Pierson’s real estate market presents promising investment opportunities. Given the steady rise in property prices, investors might find value in purchasing rental properties or engaging in buy-and-hold strategies. The year-over-year increase in house and apartment prices suggests that investments made today could yield appreciable returns over time. The significant population growth is likely to drive rental demand, potentially leading to favorable rental yields for investors. Moreover, the stable price trend could provide investors with some assurance of ongoing market solidity.
Future Market Outlook
The outlook for Pierson’s real estate market looks optimistic based on current data and trends. With a robust population growth rate of 7.1%, it can be anticipated that the demand for housing will continue to rise, which should support property values moving forward. Assuming no major economic disruptions occur, both house and apartment prices are expected to maintain their upward trajectory, albeit at a measured pace. This gradual increase is conducive to long-term investment stability and could provide ample opportunity for both homeowners and investors to capitalize on Pierson’s growing market.
