Stockton, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $482,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $482,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| 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 Stockton, Manitoba is currently experiencing a steady growth pattern. The median house price stands at $482,000, which represents a year-over-year increase of 3.2%. This growth rate reflects a healthy demand for housing in the area as well as a positive consumer confidence in the local market.
In comparison, the median apartment price is significantly lower, at $295,000, with a gentler year-over-year increase of 2%. This suggests that apartments are an appealing alternative for those who find houses to be financially out of reach or for those who prefer a lower-maintenance lifestyle. Apartments can also be attractive to investors looking for rental properties due to their lower entry cost.
With a population of 15,500 and a growth rate of 3.3%, Stockton is on an upward trajectory, suggesting that the demand for residential properties will likely continue to rise. This population increase can be attributed to various factors including local economic opportunities, an influx of new residents and possibly regional migration trends.
Investment Opportunities and Potential
The steady growth in property values coupled with the sustained population increase indicates that Stockton presents promising investment opportunities. For investors targeting long-term capital gains, purchasing single-family homes could be a wise choice given their higher appreciation rate compared to apartments.
Apartments offer an accessible entry point for both first-time investors and seasoned landlords seeking to expand their portfolio with more affordable properties that may yield consistent rental income. With the current trends in place, investors might anticipate modest but stable appreciation in apartment values over time as well.
Moreover, the demand for housing driven by the increasing population provides an opportunity for developments in both residential and mixed-use projects that could cater to the diverse needs of new and existing residents.
Future Market Outlook
The positive economic indicators such as the consistent growth in house and apartment prices along with robust population expansion suggest a favorable outlook for Stockton’s real estate market. Assuming these trends persist, we can expect continued appreciation of property values albeit at a sustainable rate which helps safeguard against potential market bubbles.
The potential for new infrastructure and community development projects may further bolster market strength by enhancing the quality of life and attracting additional residents to Stockton. Investors should monitor local economic policies, infrastructure developments, and demographic shifts closely as these will influence future market conditions.
In conclusion, while no market is without risk, Stockton’s current data points towards a stable environment conducive to both immediate investment opportunities and optimism about future growth prospects.
