Sewell, 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
In Sewell, Manitoba, the current real estate market is showing consistent growth. With a median house price sitting at $500,000 and experiencing a steady increase of 3.5% year-over-year, the housing market is robust. Additionally, the median apartment price is currently at $300,000, rising at a slightly lower rate of 2.1% year-over-year.
The population of Sewell has been growing at a healthy rate of 7.1%, which may be contributing to the steady demand for housing in the area. This demographic trend suggests that the real estate market is benefiting from an influx of residents seeking homes, which could be due to factors like employment opportunities or lifestyle preferences.
Investment Opportunities and Potential
Investors looking at Sewell’s real estate landscape will find potential in both the housing and apartment markets. The consistent growth in property values indicates a stable investment environment. Houses show a slightly higher appreciation rate, which might appeal to investors looking for more significant capital gains over time.
Apartments could be an attractive investment for those interested in rental income, especially considering the increasing population that could drive rental demand. The lower entry price point for apartments also allows for diversification of investment portfolios or an accessible entry into the real estate market for new investors.
Future Market Outlook
The future outlook of Sewell’s real estate market appears positive based on current trends and data. If the population continues to grow at its current pace, demand for housing is likely to remain high. This demographic momentum coupled with the existing positive price trends suggests that both house and apartment markets should continue to see value appreciation.
However, potential investors and homeowners should keep an eye on broader economic indicators and any local developments that could impact growth rates. Factors such as employment rates, infrastructure projects, and changes in local policies can all influence future market conditions.
