Rosebud, Alberta 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Rosebud, Alberta, currently exhibits stable growth. The median house price in the area stands at $500,000, reflecting a healthy year-over-year increase of 3.5%. This suggests a steady demand for single-family homes, driven by factors such as the town’s appeal to families and professionals seeking a balance between rural tranquility and access to urban amenities.
Similarly, the apartment market is demonstrating modest growth with the median apartment price reaching $300,000, up 2.1% from the previous year. This escalation is slightly more conservative compared to the housing market but indicates an expanding interest in low-maintenance living spaces, particularly among young professionals and downsizers.
The population of Rosebud has also seen significant growth; with a 7.1% increase, it points towards an influx of new residents. This demographic trend underpins the rising demand in the local real estate market and may signal the need for additional housing developments.
Investment Opportunities and Potential
Given Rosebud’s growing population and consistent appreciation in property values, investment opportunities appear promising. The steady increase in median house prices suggests that investments in residential properties are likely to yield solid returns through both rental income and capital gains over time. Moreover, the robust population growth rate reinforces the potential for sustained rental demand.
Apartments present another attractive investment opportunity due to their lower entry price point and increasing popularity among certain demographics. With a 2.1% growth rate in apartment prices year-over-year, investors can capitalize on this segment’s potential for stable appreciation while also meeting the housing needs of those preferring more compact living spaces.
Future Market Outlook
Looking ahead, Rosebud’s real estate market shows signs of continued resilience and growth. The consistent rise in house prices combined with ongoing population expansion positions Rosebud as a favorable environment for both living and investing.
The current trends suggest that investment in both houses and apartments will remain attractive due to forecasted demand outstripping supply. Additionally, as infrastructure keeps pace with population growth, one can anticipate further development projects which could introduce new inventory and investment opportunities into the market.
Overall, Rosebud offers a balanced real estate environment with potential for long-term investment success. Stakeholders should monitor key economic indicators closely to optimize their strategies as market conditions evolve.
