Sexsmith, 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
The real estate market in Sexsmith, Alberta is currently experiencing a period of steady growth. With a median house price sitting at $500,000, the market has seen an annual increase of 3.5%. This consistent upward trend indicates a healthy demand for single-family homes in the area. Meanwhile, the apartment sector is also showing positive dynamics with a median price of $300,000, which has risen by 2.1% compared to the previous year. Such trends suggest that both segments of the housing market are in a phase of appreciation, making it attractive for homeowners and investors alike.
The population of Sexsmith has reached approximately 15,000 residents, reflecting a robust population growth rate of 7.1%. This significant increase in inhabitants is likely contributing to the demand for housing and helping drive up property values.
Investment Opportunities and Potential
The strong year-over-year growth in property values combined with substantial population expansion positions Sexsmith as an attractive locale for real estate investment. The steady appreciation in house prices indicates that purchasing property now could yield considerable returns over time. Investment opportunities are not limited to residential buying and holding strategies; there is potential for rental property investments as well due to the increasing population which may fuel demand for rental accommodations.
The diversity in pricing between single-family homes and apartments provides multiple entry points for investors with different capital capacities. The lower median apartment price presents an opportunity for those looking to invest at a lower price point while still participating in the market’s overall positive trajectory.
Future Market Outlook
The current indicators suggest that Sexsmith’s real estate market will continue its upward trajectory. The town’s strong population growth is expected to persist, further bolstering housing demand. Assuming economic conditions remain favorable and the local job market supports the growing populace, it’s reasonable to anticipate that both house and apartment prices may see continued increases at a similar or potentially accelerated pace.
However, investors should consider macroeconomic factors such as interest rates, employment rates, and regional economic developments that could impact future market performance. It is advisable for investors to conduct thorough due diligence and stay informed about local and national economic trends that could affect the Sexsmith real estate landscape.
