Rosebud, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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 | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,000 |
| Population Change | 5.0% |
| 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
In Rosebud, Alberta, the real estate market is experiencing steady growth. The median house price in the region stands at $485,000, reflecting a year-over-year increase of 4.2%. This indicates a healthy and growing demand for housing. Similarly, the median apartment price is currently at $295,000, which has grown by 2.5% from the previous year.
These rising trends suggest that Rosebud’s real estate market is on an upward trajectory. Factors contributing to this growth include the area’s economic stability and attractiveness to new residents and investors. The population of Rosebud has increased by 5%, signaling a robust community expansion that supports the real estate demand.
Investment Opportunities and Potential
Rosebud presents compelling investment opportunities within its real estate sector. With consistent appreciation in property values, as evidenced by the median house price trend, investors can expect capital gains in the mid to long term. Furthermore, the increasing population points towards a growing rental market, making buy-to-let investments particularly attractive.
The apartment sector’s slower growth rate compared to houses suggests a more affordable entry point for investors and could signify a potential for higher yields as rental demand continues to climb in response to population growth. Given these dynamics, Rosebud offers a promising landscape for both residential and commercial real estate investments.
Future Market Outlook
The future market outlook for Rosebud’s real estate seems optimistic. Assuming continued economic development and population growth, the demand for both residential and commercial properties is likely to persist. This is further supported by Alberta’s overall economic forecast, which is expected to remain stable with potential for growth in various sectors.
Should current trends hold, property prices may continue their steady ascent. Investors looking at long-term horizons are likely to find Rosebud an attractive market with sustainable growth potential. Nevertheless, potential investors should monitor local developments closely, as changes in economic conditions or policies can influence market dynamics.
