Rossburn, 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
Current Market Conditions and Trends
The real estate market in Rossburn, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes in the area, likely driven by both local buyers and those from outside the region seeking more affordable housing options or a change of lifestyle.
In contrast, the apartment sector presents a slightly different picture. With a median price of $300,000 and a growth trend of 2.1% year-over-year, the apartment market is growing at a slower pace than houses. This difference may reflect a greater preference for space and privacy among residents or could be indicative of a more saturated apartment market.
With Rossburn’s population standing at 15,000 and witnessing a robust growth rate of 7.1%, there is an ongoing need for residential housing to accommodate the increasing number of residents.
Investment Opportunities and Potential
The solid population growth coupled with consistent increases in property values suggests that Rossburn offers promising investment opportunities. Investors can capitalize on the demand for housing driven by the population surge. The stronger performance of the house market relative to apartments may appeal to investors looking for potentially higher capital gains.
Moreover, with prices still relatively low compared to major urban centers, Rossburn might attract first-time buyers or those looking for investment properties that do not require high initial capital outlay. The steady growth trends also suggest that investments here could be lower risk while still offering reasonable returns.
Future Market Outlook
Looking ahead, the future market outlook for Rossburn is cautiously optimistic. Assuming continued population growth and economic stability within Manitoba, it is likely that demand for housing will persist, providing support for property values.
The consistent increase in median house prices indicates that the market has room to grow further. If current trends hold, we can expect to see sustained moderate appreciation in property values across both houses and apartments over the coming years.
It’s important for potential investors and homebuyers to monitor local developments closely, such as infrastructure projects or changes in regional employment rates, as these factors can significantly impact real estate markets.
