Stephenfield, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 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 | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Stephenfield, Manitoba, presents a stable and incrementally growing landscape as evidenced by current housing data. The median house price is currently pegged at $500,000, showing a healthy year-over-year growth of 3.2%. This incremental growth indicates a steady demand for housing in the area while maintaining affordability relative to larger urban centers.
Similarly, the median apartment price stands at $295,000, with a slightly lower year-over-year increase of 2.5%. This relatively modest growth rate for apartments suggests that the market is expanding in a balanced manner, without the volatility seen in some overheated markets.
The population of Stephenfield has been on an upward trajectory, with current figures showing around 15,000 residents. A significant population growth rate of 3.4% indicates robust demographic dynamics that could underpin future real estate demand.
Investment Opportunities and Potential
The consistent rise in property values alongside a growing population suggests that Stephenfield offers promising investment opportunities. The housing market’s resilience is attractive to investors looking for long-term appreciation potential. Additionally, the steady climb in apartment prices points to a sustainable rental market that could benefit landlords and property managers.
Investors should note the balanced growth in both sectors of the real estate market – houses and apartments – which may provide diverse investment opportunities catering to different market segments, including families looking for more spacious accommodations and individuals or couples seeking smaller, more affordable living spaces.
Future Market Outlook
The future real estate market outlook for Stephenfield appears cautiously optimistic. Given the solid foundation of ongoing population growth and consistent property value increases, it is reasonable to expect that these trends will continue into the near future. However, investors and potential homebuyers should remain aware of broader economic factors and regional developments that may impact the local market.
If current trends persist, Stephenfield’s real estate market could experience continued moderate growth without succumbing to the rapid inflation or speculative bubbles seen elsewhere. This positions Stephenfield as a potentially stable environment for both residential stability and real estate investment.
