Hull condo market — January 2025
Based on 20 actual sales · CourtiConnect
Market context: condo in Hull
The condo market in Hull recorded 20 sales in January 2025, with a median price of $324,450 and an average price of $358,370. This neighbourhood sits 1.6% above the median price recorded across all of Gatineau over the trailing twelve months, where 50 condo sales were documented at a median of $319,450. The positioning indicates that Hull maintains a modest premium relative to the broader municipal market, reflecting its particular appeal and supply characteristics within the region. The pace of sales activity, while modest in absolute terms with 20 recorded transactions in a single month, suggests a deliberate market rhythm typical of the winter season in the National Capital Region. January typically represents a slower period compared to spring and summer months, so this transaction volume should be understood within that seasonal context rather than as an indicator of sustained monthly velocity. The sale-to-asking price ratio across these 20 documented sales averaged 0.987, indicating that buyers collectively paid approximately 1.3% below the listed asking prices on average. This figure reveals a modest advantage held by purchasers in negotiations, though the ratio remains very close to parity. The proximity to 1.0 suggests a balanced market where neither buyers nor sellers hold overwhelming leverage, and that price discovery through the listing process is functioning efficiently. The building profile in Hull shows considerable age diversity. Eighty-five percent of the sales involved condos constructed between 1980 and 2010, reflecting a substantial stock of mid-range vintage residential buildings. The remaining 15% of sales involved units built after 2010, representing newer construction. No transactions involved pre-1980 properties, indicating that the condominium market is concentrated in more recently established building stock from a municipal perspective. Among the 20 documented sales, 10% were concluded without a legal warranty of quality. For buyers, this statistic underscores the importance of conducting thorough inspections and standard due diligence before finalizing any purchase, as is advisable in any real estate transaction. For sellers, understanding the legal frameworks governing warranties remains essential to transparent transaction completion. For the buyer, Hull's modest premium over the Gatineau median combined with balanced pricing dynamics suggests the neighbourhood warrants careful comparison against comparable alternatives elsewhere in the municipality. For the seller, the near-parity sale-to-asking ratio indicates that realistic pricing strategies are likely to result in efficient market response. To explore specific properties or verify current valuations in Hull, consider using a real estate estimator designed for the Gatineau market.