Tilley, 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
In Tilley, Alberta, the real estate market is currently experiencing a steady increase in property values. With the median house price sitting at $500,000, the market has seen a 3.5% year-over-year growth. Similarly, the median apartment price has reached $300,000, with a 2.1% year-over-year increase. These consistent upward trends suggest a stable and growing market.
The population of Tilley has also grown by 7.1%, indicating an increasing demand for housing in the area. This demographic change can further drive real estate prices upward as more individuals and families look to settle in the community.
Investment Opportunities and Potential
The current market conditions in Tilley offer promising investment opportunities. The continuous growth in property values at moderate rates of 3.5% for houses and 2.1% for apartments suggests that investments in real estate could yield solid returns without the volatility seen in some overheated markets.
Investors considering entry into the Tilley real estate market may find potential in both residential properties due to steady demand driven by population growth, as well as in rental properties to cater to those not yet ready to purchase homes.
Future Market Outlook
The future outlook for Tilley’s real estate market appears positive. Given the population growth rate of 7.1%, it is likely that housing demand will continue to rise, potentially pushing property values higher. Projected continued economic stability and potential local developments could further bolster this trend.
However, investors should also consider external economic factors such as interest rates, employment rates, and regional economic developments that might impact the housing market.
