Stellarton, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $499,900 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $289,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $410,000 |
| 3 bedrooms | $499,900 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $430,000 |
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 a period of moderate growth. The median house price is established at $499,900, reflecting a steady year-over-year increase of 3.2%. This suggests that the housing market is experiencing a stable upward trend in pricing, signaling a healthy demand for residential property. Similarly, the median apartment price stands at $289,000, with a 2.5% year-over-year growth rate. This consistent growth pattern across different types of residential properties indicates a balanced expansion in the local real estate sector.
With a population of approximately 15,000 and a notable population growth rate of 3.4%, Stellarton is experiencing an influx of residents that could be contributing to the increased demand for housing. The demographic trends are crucial as they often correlate with the need for more residential options and can drive the development of new housing projects.
Investment Opportunities and Potential
In light of the current market conditions, Stellarton presents several investment opportunities. The steady rise in property prices points to the potential for continued appreciation, making the purchase of residential properties an attractive option for investors looking for medium to long-term gains. The increasing population suggests that there will be a sustained demand for housing, which could benefit landlords and real estate developers alike.
For investors focused on rental properties, the growing population may lead to higher rental demand, potentially translating into competitive rental yields. Furthermore, given the relatively affordable median apartment price compared to larger markets, there is an opportunity for investors to enter the market at a lower point, diversifying their investment portfolio into multifamily units or apartment buildings.
Future Market Outlook
The future real estate market outlook for Stellarton appears cautiously optimistic. Assuming that current demographic and economic trends continue along with the observed steady growth rates in property values, it’s reasonable to expect that the local real estate market will maintain its course of gradual expansion.
Continued investment in infrastructure and community services coupled with strategic urban planning could further enhance Stellarton’s attractiveness to potential residents and investors alike. However, it’s important for investors to remain aware of regional economic factors and national policy changes that may impact mortgage rates or property taxes and thus influence overall market conditions.
In conclusion, while there are no guarantees in real estate investment, Stellarton’s consistent growth patterns and demographic trends provide a foundation for what may be considered a solid investment environment with potential for stable returns over time.
