Stonewall, Manitoba 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Stonewall, Manitoba is currently experiencing a period of steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This growth rate indicates a healthy demand for housing in the area. Similarly, the apartment sector is showing positive momentum with a median price of $300,000 and an appreciation trend of 2.1% from the previous year.
The population of Stonewall sits at approximately 15,000 residents and has seen significant growth at a rate of 7.1%. This demographic expansion is a key driver behind the sustained demand for housing. The current trends suggest that the real estate market is balanced but leaning towards a seller’s market due to increasing prices and population influx.
Investment Opportunities and Potential
For investors, Stonewall offers promising opportunities given its population growth and economic stability. The consistent rise in property values suggests that investment in residential real estate—both houses and apartments—could yield positive returns over time. The town’s growth adds to the potential rental demand, making it an attractive location for purchasing income properties.
The year-over-year increase in property values also points to the potential for capital gains for long-term investors. However, as this is an emerging market, due diligence is recommended to assess local demand drivers, future development plans, and infrastructure improvements which could impact future property values.
Future Market Outlook
The future outlook for Stonewall’s real estate market appears optimistic based on current data. As the population continues to grow at a robust rate, demand for housing is expected to remain strong. If economic conditions remain favorable and new housing developments keep pace with demand without oversaturating the market, prices are likely to continue their upward trend.
However, investors and potential homeowners should monitor interest rates, employment figures, and regional economic policies as these factors could affect affordability and thus influence market dynamics. Taking into account these considerations along with current trends, Stonewall’s real estate market shows promise for both short-term stability and long-term growth.
