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Elma, MB

Updated: Aug 2016
House
Median price $137,400
Monthly growth -8.33 %
Quarterly trend
Stock on market 0.27%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Elma Home Price

When looking across the province, Elma is the 202th most expensive in Manitoba.

The median house price listed in Elma this month is $137,400.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Elma has not many at all compared to the rest of the province

Will prices rise across the next year in in Elma? There are a number of real estate indicators to consider.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Elma have stayed pretty much the same which would tend to indicate that demand is steady.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

When we look at the data we have, it can help with trying to establish whether or not Elma is a good investment target.

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
6 bedrooms $264,450
Demographics
  • Population in 20111548
  • Population in 20061480
  • 2006 to 2011 population change (%)4.6
  • Total private dwellings745
  • Private dwellings occupied by usual residents597
  • Population density per square kilometre2.2
  • Land area (square km)703.02