Rowley, 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 (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
In Rowley, Alberta, the real estate market is exhibiting signs of steady growth. The median house price currently stands at $500,000, with a year-over-year trend showing an increase of 3.5%. This points to a healthy and appreciating housing market that could be attractive to homeowners looking for long-term value gains. Similarly, the apartment sector is also experiencing growth, albeit at a slightly slower pace. The median apartment price is $300,000, following a year-over-year upward trend of 2.1%. The consistent growth in both sectors indicates stable demand and a balanced market.
Investment Opportunities and Potential
The investment potential in Rowley’s real estate market is promising due to several factors. First, the population of Rowley has seen an impressive growth rate of 7.1%, suggesting an increasing demand for housing as more residents move into the area. This population influx can be particularly advantageous for investors looking to enter the rental market or develop new residential projects. Moreover, the steady appreciation in property values provides an opportunity for capital gains over time. Investors should consider these factors alongside their individual investment strategies and risk profiles.
Future Market Outlook
The future outlook for Rowley’s real estate market appears optimistic. Given the current trends and positive population growth rate, it is reasonable to anticipate continued demand for housing in the region. If these trends persist, property values may keep rising at a sustainable rate. However, potential investors and homebuyers should remain vigilant about broader economic conditions and any local developments that could impact the real estate market dynamics in Rowley.