Robb, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Robb, Alberta currently displays a steady growth with the median house price sitting at $490,000, marking a 4% year-over-year increase. This positive trend indicates a healthy demand for housing in the area, likely driven by the town’s population growth of 3.33%. The market for apartments is also experiencing growth, albeit at a slower pace, with the median apartment price at $295,000 and observing a 2.5% year-over-year increase. This differential growth rate suggests that single-family homes may be in higher demand compared to apartments.
Investment Opportunities and Potential
The current trends in Robb’s real estate market present several investment opportunities. The continuous population growth combined with rising house prices could signal a strong potential for long-term capital gains for investors targeting single-family homes. The slower growth rate in apartment prices might appeal to investors looking for more affordable entry points into the housing market or those seeking rental properties to cater to individuals or smaller households who may not be in the market for larger homes.
Future Market Outlook
Looking forward, the future market outlook for Robb, Alberta appears promising. With a steady population increase of 3.33%, demand for housing is expected to remain robust. If economic conditions remain stable and employment rates continue to support the current population trend, both sectors of the housing market—houses and apartments—are likely to maintain their upward trajectory.
However, prospective investors and homeowners should monitor local economic factors and national policy changes that could impact interest rates and borrowing costs. A nuanced approach considering both macroeconomic factors and local developments will be essential in making informed real estate decisions in Robb.
