Stettler, Alberta 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
The real estate market in Stettler, Alberta is currently experiencing a period of modest growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market shows healthy appreciation while still remaining accessible compared to larger urban centers. The median apartment price stands at $300,000, growing at a slower pace with a 2.1% increase year-over-year. This difference in growth rates between houses and apartments may reflect a higher demand for single-family homes in the region.
The population of Stettler has reached 15,000, with a strong growth rate of 7.1%. This demographic expansion can be attributed to the town’s economic opportunities and quality of living which continue to attract new residents. The increasing population is likely playing a significant role in driving demand for housing in the area.
Investment Opportunities and Potential
Given the steady price appreciation and robust population growth, Stettler presents an appealing opportunity for real estate investors. The sustained increase in property values suggests that investments made now could yield favorable returns over time. Single-family homes, in particular, may offer higher potential returns due to their stronger growth trend.
Investors should also consider the rental market in Stettler. With the ongoing population increase, there is likely to be consistent demand for rental properties. The town’s appeal to families might make single-family homes especially profitable as long-term rental investments or as part of a buy-and-hold strategy.
Future Market Outlook
The future real estate market outlook for Stettler appears optimistic. The combination of steady price growth, ongoing population increases, and a strong local economy points to continued demand for housing. Assuming these trends persist, both homebuyers and investors can anticipate further appreciation in property values over the coming years.
However, potential investors and homebuyers should monitor regional economic developments and national interest rate changes closely as these factors could influence mortgage affordability and ultimately impact market dynamics.
