Pipestone, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Pipestone, Alberta is experiencing a period of steady growth. With a median house price of $485,000, the market has seen a 3.2% year-over-year increase, indicative of sustained demand and consumer confidence within the housing sector. Meanwhile, the apartment sector is also showing positive movement with a median price point of $295,000 and a 2.5% year-over-year uptick. This growth can be partially attributed to the area’s growing population, which currently stands at 15,200 and has risen by 2.7%. Such demographic trends often signal a healthy market with potential for further expansion.
Investment Opportunities and Potential
Investors considering Pipestone will find a market ripe with opportunities. The consistent rise in property values suggests that investments made now could see appreciable gains in the coming years. The housing market’s current trajectory favors long-term investment strategies, as the incremental growth provides a more predictable return on investment. Additionally, the population increase implies a growing demand for both rental and owned properties, presenting potential for investors to diversify their portfolios across different types of real estate within Pipestone.
Future Market Outlook
Looking forward, the real estate market in Pipestone is poised for continued growth. Based on historical data and current trends, including population growth and property value increases, it is reasonable to project that both housing and apartment sectors will maintain their upward momentum. Moreover, as the local economy adapts to accommodate its growing populace, we can expect an influx of new services and amenities which typically bolster property values further. Investors and homebuyers alike should remain optimistic about the future prospects of Pipestone’s real estate market.
