Riverton, 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
1. Current Market Conditions and Trends
In Riverton, Manitoba, the current real estate market presents a stable and gradually appreciating housing sector. With a median house price of $500,000 and a positive year-over-year growth of 3.5%, the market is experiencing healthy growth that is reflective of increasing demand and consumer confidence in the area. Similarly, the apartment sector, with a median price point of $300,000 and an annual appreciation rate of 2.1%, suggests a steady investment for those interested in smaller residential properties or rental opportunities.
The population of Riverton has reached 15,000 residents and is on an upward trajectory with growth reported at 7.1%. This demographic expansion underpins the demand for housing and indicates potential for further market development. The robust population increase can be associated with both natural growth and migration, which may be driven by employment opportunities or the appeal of Riverton as a residential community.
2. Investment Opportunities and Potential
The consistent rise in property values coupled with substantial population growth signals strong investment opportunities in Riverton’s real estate market. The house price trend surpassing the growth rate of apartments suggests that single-family homes may offer more significant capital gains over time. Investors should consider this when identifying potential properties for long-term appreciation.
Moreover, given the sustained population increase, there is likely an ongoing need for diverse housing options to accommodate different demographics, including families, professionals, and retirees. Rental properties could represent an equally lucrative venture as newly arriving residents may seek temporary housing before committing to homeownership. This could particularly benefit investors in the apartment sector.
3. Future Market Outlook
Looking ahead, Riverton’s real estate market appears poised for continued growth. Assuming that current trends persist regarding population expansion and economic stability, it is reasonable to expect further appreciation in property values. This outlook suggests that investing now could yield favorable returns over time.
However, prospective investors should monitor key factors such as interest rate movements, local economic performance, and infrastructure developments which can impact housing demand and affordability. By considering these elements alongside historical data trends, stakeholders can make more informed decisions about entering or expanding their presence in Riverton’s real estate market.
