Sidney, 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 Sidney, Manitoba
The real estate market in Sidney, Manitoba currently exhibits stable growth characterized by moderate price increases across different property types. The median house price stands at $500,000, following a year-over-year trend of an increase of 3.5%. This suggests a healthy demand for houses, likely driven by the significant population growth of 7.1% that Sidney has experienced recently. The median apartment price is currently $300,000, with a slightly lower year-over-year appreciation rate of 2.1%, indicating a more conservative but steady investment environment for potential buyers looking at multi-family dwellings or smaller properties.
Investment Opportunities and Potential in Sidney, Manitoba
Sidney’s property market presents several opportunities for investors. The consistent rise in house prices illustrates investment potential for capital gains, particularly for single-family homes. With the population growing at a robust rate, the demand for housing is expected to surge, which may lead to further appreciation in property values over time. Apartments offer a lower entry point for investment at $300,000 and are appealing as rental properties due to the influx of residents in need of housing. Given the current trends and growth trajectory, both housing types are poised to offer attractive returns on investment through both rental income and capital appreciation.
Future Market Outlook for Sidney, Manitoba
Looking forward, the future market outlook for Sidney appears positive. Population growth remains a key driver for demand in the real estate sector, and with the current increase of 7.1%, this trend is likely to continue fueling the housing market’s expansion. As long as economic conditions remain favorable, and assuming no major policy changes that could negatively impact the market, we can expect to see sustained growth in median house prices and apartment valuations. However, investors should monitor local economic developments and potential shifts in national real estate regulations that might influence future market dynamics.
