Stellarton, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $487,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $487,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Stellarton, Nova Scotia, is currently experiencing modest growth with the median house price recorded at $487,000, reflecting a year-over-year increase of 2.5%. Meanwhile, the median apartment price stands at $295,000, which has risen by 1.8% from the previous year. These trends suggest a steady but cautious appreciation in property values within the region.
A contributing factor to the market stability is Stellarton’s population of 15,000 residents, which has seen a notable growth of 3.4%. This demographic trend indicates an expanding local demand for housing and could signal further dynamism in the real estate sector.
Investment Opportunities and Potential
The ongoing upward trend in property values combined with sustained population growth points towards promising investment opportunities in Stellarton. The current market conditions are particularly favorable for long-term investors seeking to capitalize on consistent appreciation rates.
For those looking at rental properties as an investment vehicle, the growing population may result in increased demand for rental units. This could potentially lead to higher occupancy rates and stable rental income streams. Additionally, the more moderate pricing of apartments presents an accessible entry point for new investors.
Future Market Outlook
Looking ahead, the market outlook for Stellarton’s real estate is cautiously optimistic. The continued population growth is expected to be a significant driver of demand for both purchasing and renting properties. If these demographic trends persist, they may provide a solid foundation for ongoing appreciation in property values.
However, it is essential to monitor external economic factors that might influence consumer confidence and borrowing costs. Factors such as interest rate fluctuations and broader economic conditions can have substantial impacts on local real estate markets. Investors should maintain awareness of these variables to make informed decisions.
In conclusion, Stellarton’s real estate market presents potential for growth-oriented investments with careful consideration of broader economic indicators being imperative for strategic planning.
