Wabamun, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.9% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $590,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $325,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,100 |
Previous Population (2020) | 14,900 |
Population Change | 1.3% |
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 Wabamun, Alberta, is experiencing a stable growth pattern. With a median house price of $485,000, the market has seen a modest year-over-year increase of 4%. This indicates a healthy demand for residential properties and reflects a growing confidence among homebuyers and investors alike.
The situation with apartments is similar, although the growth is slightly less pronounced. The median apartment price currently stands at $295,000, with a year-over-year trend showing a 2.5% increase. This steady growth trajectory suggests that the market is less volatile and more predictable for potential investors looking at multi-unit residential options.
Investment Opportunities and Potential
Wabamun’s real estate market presents several investment opportunities. The consistent growth in property values, combined with the region’s increasing population—currently at 15,100 with a growth rate of 1.34%—is creating a favorable environment for both residential and commercial investments.
In particular, the single-family housing market shows significant investment potential due to the higher appreciation rate. Townhouses and duplexes may also provide good returns given their appeal to small families and professionals. With the apartment sector’s steadier pace of appreciation, investors looking for long-term, stable returns may find this segment particularly attractive.
Future Market Outlook
The future real estate market outlook for Wabamun appears optimistic. Assuming current economic conditions persist, the ongoing population growth should continue to fuel demand for housing in both purchase and rental markets. The region’s property prices have maintained an upward trend without signs of overheating, which bodes well for sustainable growth.
The local economy’s diversification efforts are likely to support this positive trajectory by attracting new residents seeking employment opportunities and a high quality of life. As long as these trends remain in place, Wabamun’s real estate market is expected to remain vibrant and offer rewarding investment opportunities.