La Cité-Limoilou condo market — July 2025
Based on 8 actual sales · CourtiConnect
Market context: condo in La Cité-Limoilou
The condo market in La Cité-Limoilou recorded 8 sales in July 2025, with a median price of $391,000 and an average price of $378,804. This neighbourhood sits notably above the broader Québec market, commanding a premium of 30.3 percent compared to the city-wide median condo price of $300,000 over the trailing twelve months, which was established from 332 documented sales across Québec. The average time on market for condos in La Cité-Limoilou stood at 21 days, indicating a relatively brisk pace of sales activity. This timeframe reflects a market where properties move from listing to sale in a matter of weeks, suggesting healthy buyer interest and efficient transaction cycles in the neighbourhood. Among the documented sales where asking and sale prices could be compared, the average sale-to-asking ratio was 1.094, a figure derived from seven sales. A ratio above 1.0 indicates that buyers were generally willing to pay above the initial asking prices, pointing to seller leverage and competitive market conditions during this period. The building stock in La Cité-Limoilou is predominantly older, with 63 percent of the sales sample comprising condos built before 1980. This is balanced somewhat by more recent construction, with 25 percent of sales in buildings completed after 2010, while 13 percent came from the 1980 to 2010 period. This mix reflects a neighbourhood undergoing gradual modernization alongside retention of established heritage properties. In terms of property documentation, 25 percent of the sales in the sample were concluded without a legal warranty of quality. For buyers, this underscores the importance of conducting standard due diligence, including a professional property inspection and customary title checks, to ensure the property meets expectations. For buyers, the premium pricing in La Cité-Limoilou reflects genuine neighbourhood desirability but warrants careful assessment of property condition and value alignment. For sellers, the quick average sale cycle and above-asking results demonstrate favourable market conditions for moving inventory. To estimate a property value in this neighbourhood or explore current market conditions further, consider using the real estate estimator tool tailored to Québec market data.