Stephenville, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Stephenville, Newfoundland and Labrador, is currently experiencing a stable growth phase. With the median house price sitting at $485,000, there has been a modest increase of 3% year-over-year. This indicates healthy demand coupled with a balanced supply that has allowed for consistent price appreciation without overheating the market.
Similarly, the apartment sector shows a positive trend with the median apartment price at $295,000, which has grown by 2.3% over the past year. These figures suggest that the market is growing steadily across different housing types.
The population of Stephenville is reported to be around 15,500 individuals with an impressive growth rate of 3.3%. This demographic expansion bodes well for the real estate market as it may lead to increased demand for housing in both the rental and purchase segments.
2. Investment Opportunities and Potential
Investors considering the Stephenville real estate market can find potential in various sectors due to its steady growth trends and population increase. The single-family home segment, with its moderate year-over-year price increase, presents opportunities for long-term capital gains as well as rental income prospects given the population’s upward trajectory.
The apartment market also offers potential for investors looking for lower entry points into real estate investment or diversification of their portfolio. With a stable 2.3% appreciation rate, apartments can be attractive assets for both rental income and value appreciation over time.
The ongoing population growth suggests a sustained or increasing demand for housing moving forward. Investors should consider neighborhoods with higher demand or those poised for infrastructural development to maximize their investment potential.
3. Future Market Outlook
The future outlook of Stephenville’s real estate market remains optimistic based on current data and trends. The consistent increase in property values indicates a balanced market that is likely to continue its upward trajectory in line with regional economic development and population growth.
As long as the local economy provides employment opportunities and maintains its attractiveness for residents, demand for housing should remain robust. However, investors should keep an eye on economic indicators and government policies that might affect interest rates or property taxes, which could in turn influence buyer sentiment and investment returns.
Given these factors, Stephenville represents a solid choice for real estate investment with favorable conditions suggesting continued market health in both the near and long term.
