Hull condo market — May 2025
Based on 23 actual sales · CourtiConnect
Market context: condo in Hull
Hull's condo market in May 2025 recorded 23 documented sales, with a median price of $300,000 and an average price of $322,639. Within the broader context of Gatineau, where the trailing twelve-month median across 283 sales stands at $329,900, Hull sits nine point one percent below the city-wide median, positioning it as a more affordable neighbourhood relative to Gatineau as a whole. This differential reflects the local market's appeal to price-conscious buyers seeking value within the metropolitan area. The average time a property spent on the market was 51 days, a figure that suggests a moderate pace of sales activity. This timeframe indicates neither an overly brisk market nor a sluggish one, but rather a balanced environment where buyers and sellers have reasonable opportunity to assess options and negotiate terms. Properties moved through the sales cycle at a measured rhythm, typical of a secondary urban neighbourhood outside the core of Gatineau's most competitive zones. The sale-to-asking price ratio across the 23 documented sales was 0.985, meaning that properties sold at approximately 98.5 percent of their listing price on average. This figure reveals a marginal advantage to sellers, though the spread is narrow enough to suggest relatively balanced market dynamics in which neither buyers nor sellers possessed overwhelming negotiating power during the month. The building stock in Hull demonstrates a pronounced concentration in the mid-range construction era, with 91 percent of sales involving condos built between 1980 and 2010. The remaining inventory splits evenly between older properties predating 1980 and newer units completed after 2010, each representing 4 percent of transactions. This composition indicates that the majority of Hull's condo supply consists of established residential buildings now approaching middle age, neither new construction nor historic stock, which carries implications for maintenance expectations and building system conditions. Among the 23 recorded sales, 9 percent concluded without a legal warranty of quality, a contractual scenario that requires buyers to undertake their own due diligence through inspections and standard verification checks before closing. This is a routine element of real estate transactions and does not signal underlying defects; rather, it simply places greater responsibility on the purchaser to verify condition and systems. For buyers, Hull offers a price point modestly below the Gatineau median, making it an accessible entry point into the metropolitan market. For sellers, the stable pace and balanced pricing dynamics suggest a market where fair-value offers are likely to emerge with moderate wait times. To explore current valuations in Hull and refine your understanding of neighbourhood pricing, consider using the property estimator tool tailored to the local market.