La Cité-Limoilou condo market — May 2025
Based on 12 actual sales · CourtiConnect
Market context: condo in La Cité-Limoilou
La Cité-Limoilou's condo market recorded 12 sales in May 2025, with a median price of $355,450 and an average price of $361,113. This neighbourhood commands a premium relative to the broader Québec market, trading at a median that is 20.5% higher than the city-wide median of $294,950 observed over the trailing twelve months across 188 transactions. The price differential underscores La Cité-Limoilou's particular appeal within Québec's residential landscape. The average time on market stood at 43 days, indicating a measured sales pace typical of a neighbourhood where properties attract steady buyer interest without the urgency of a seller's market. This timeframe allows both buyers and sellers to proceed with appropriate diligence and consideration rather than rushed decisions. Among the documented sales, units sold at an average of 105.2% of asking price, suggesting that buyers are willing to pay above list in a meaningful share of transactions. This ratio, calculated across the twelve documented sales, points to somewhat balanced leverage that slightly favours sellers, though individual circumstances vary considerably. The building profile reflects a mature neighbourhood. Approximately 75% of the units sold were constructed before 1980, with 8% dating from the 1980–2010 period and 17% built after 2010. This composition speaks to a neighbourhood with predominantly older, character-filled properties alongside a smaller proportion of newer construction. In the course of due diligence, buyers should note that 25% of the sales documented in this sample concluded without a legal warranty of quality, a status that underscores the importance of standard inspections and customary checks before purchase, consistent with prudent acquisition practices in any real estate transaction. For buyers, La Cité-Limoilou offers established neighbourhoods with mixed architectural periods at a premium relative to the city average. For sellers, the combination of strong pricing and a 43-day absorption rate suggests a market where well-presented properties find committed purchasers. To explore what a property in La Cité-Limoilou might be worth today, consider using our real estate estimator for a current assessment tailored to this dynamic neighbourhood.