Woodstock, Newfoundland and Labrador 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
As of the latest analysis, the real estate market in Woodstock, Newfoundland and Labrador, exhibits stable growth. The median house price in this area is currently valued at $500,000, with a year-over-year increase of 3.5%. This consistent appreciation indicates a healthy demand for single-family homes. Similarly, the median apartment price has reached $300,000, experiencing a slower but steady year-over-year growth rate of 2.1%.
The population of Woodstock stands at 15,000 and has witnessed a significant growth rate of 7.1%. This demographic expansion is a positive indicator for the real estate market as it often correlates with increased housing demand. The concurrent upward trend in property values alongside population growth suggests that the market is responding well to demographic pressures.
Investment Opportunities and Potential
Given the current market dynamics, Woodstock presents attractive investment opportunities for both residential and rental properties. The steady climb in house prices points to robust long-term capital gains for investors looking into single-family homes. Meanwhile, the apartment sector offers potential for rental income growth due to its lower entry price point and gradual valuation increase.
Investors should also note the significant population increase. As more people are drawn to Woodstock—whether due to employment opportunities or its lifestyle appeal—the demand for housing is likely to continue rising. This could lead to tighter inventory levels and potentially higher rental yields for investors who enter the market early.
Future Market Outlook
Looking ahead, Woodstock’s real estate market is poised for continued growth. The solid foundation formed by steady price increases and robust population growth bodes well for future demand. Assuming these trends persist, the market could see sustained appreciation rates in both housing and apartment sectors.
Furthermore, as Newfoundland and Labrador’s overall economic conditions improve—particularly if new industries or developments emerge within or near Woodstock—the local real estate market may experience an influx of buyers and renters seeking accommodation. It is essential for investors to keep an eye on regional economic indicators that can impact real estate dynamics further.
