Pipestone, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
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 | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,800 |
| Population Change | 1.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Pipestone, Manitoba is currently experiencing steady growth. The median house price is $485,000, representing a year-over-year increase of 3.2%. This trend suggests a stable and growing demand for houses in the area. Similarly, the apartment market is also showing positive momentum with a median price of $295,000 and a 2.5% rise from the previous year. These statistics reflect an overall healthy real estate environment.
2. Investment Opportunities and Potential
Given the current market trends, there are promising investment opportunities in Pipestone’s real estate. The continuous population growth of 1.4% is indicative of a developing community with increasing housing needs. Investors can consider both residential properties due to their appreciating value and rental properties to cater to the growing populace. The steady price increase in both houses and apartments suggests that investing in property now could yield significant returns in the medium to long term.
3. Future Market Outlook
The future outlook of the Pipestone real estate market appears optimistic. With a consistent rise in population and property values, it is expected that these trends will continue, provided economic conditions remain favorable. The ongoing development within the region could further bolster market conditions, attracting more residents and investors alike. However, potential investors should also be mindful of broader economic factors that could impact growth trajectories, such as interest rates and employment levels.
