Weymouth, Nova Scotia 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 Weymouth, Nova Scotia, the real estate market is currently exhibiting steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing signs of healthy demand in the residential sector. Similarly, the apartment sector follows suit with a median price of $300,000 and a slightly lower growth rate of 2.1% year-over-year. The population of Weymouth stands at 15,000 residents and has experienced significant growth at a rate of 7.1%. This demographic expansion can be attributed to factors such as attractive local amenities, employment opportunities, or regional migration trends, which in turn fuel housing demand.
Investment Opportunities and Potential
The investment landscape in Weymouth is promising due to consistent price appreciation in both houses and apartments. The house market’s year-over-year increase suggests that investing in residential property could yield favorable returns. As the population continues to grow, demand for housing is likely to remain robust, potentially leading to tighter inventory and upward pressure on prices. Apartments also present an appealing investment opportunity with their 2.1% growth rate, offering a more accessible entry point into the real estate market for investors looking at rental income prospects or smaller-scale investments.
Future Market Outlook
The future outlook for Weymouth’s real estate market appears optimistic given current trends. Population growth is one of the strongest indicators suggesting continued demand for housing. If the town maintains its positive economic conditions and quality of life that attract new residents, it can be expected that the real estate market will sustain its upward trajectory. The consistent increase in property values indicates a stable investment environment; however, potential investors should monitor local developments such as infrastructure projects, changes in employment rates, or shifts in interest rates which can influence future market dynamics.
