Worsley, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,400 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.7% |
| 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 Worsley, Alberta is currently experiencing a state of moderate growth. With the median house price standing at $485,000 and witnessing a year-over-year increase of 3.2%, the market indicates a steady upward trend in property values. Similarly, the median apartment price has reached $295,000, following a similar upward trajectory with a year-over-year rise of 2.5%. This growth aligns with the town’s population increase of 2.7%, which suggests a growing demand for housing in the area.
Investment Opportunities and Potential
Investors considering Worsley’s real estate market can look forward to potential gains due to consistent property value appreciation. The solid growth in house prices indicates room for capital gains, especially for long-term investment strategies. Rental properties also represent a viable investment opportunity given the increasing population and demand for housing. Investors should consider both residential homes and apartments as they present different advantages in terms of rental yield and maintenance costs.
Future Market Outlook
The future real estate market outlook for Worsley remains positive. With an ongoing annual population growth rate of 2.7%, it can be projected that demand for housing will continue to rise, potentially pushing property values higher. This demographic trend, coupled with the sustained year-over-year price increases for houses and apartments, suggests that Worsley’s real estate market may continue to thrive. Investors and homebuyers should closely monitor economic factors and local developments that could impact these growth patterns.
