La Cité-Limoilou condo market — August 2025
Based on 10 actual sales · CourtiConnect
Market context: condo in La Cité-Limoilou
In August 2025, the condo market in La Cité-Limoilou recorded 10 sales with a median price of $347,500 and an average price of $318,850. This neighbourhood sits notably above the broader Québec market, where the median condo price over the trailing twelve months across 372 sales stands at $305,250. La Cité-Limoilou's median represents a 13.8 percent premium compared to the city as a whole, reflecting the neighbourhood's particular appeal and positioning within Québec's residential landscape. The average time on market for condos in La Cité-Limoilou during this period was 45 days, suggesting a moderate pace of sales. This timeframe indicates neither an exceptionally tight nor a particularly soft market, but rather a balanced environment where properties require a reasonable period to find their buyers. The 45-day average reflects typical market dynamics for a neighbourhood that maintains steady interest without excessive urgency on either side of the transaction. Among the documented sales where pricing data was available, the average sale-to-asking price ratio was 0.997, calculated across nine documented transactions. This figure indicates that properties in the neighbourhood are selling very close to their listed asking price, with a negligible discount overall. This near-parity ratio suggests relatively balanced negotiating power between buyers and sellers during this period. The building stock in La Cité-Limoilou reflects a composition dominated by older structures. Of the ten sales examined, 60 percent involve properties built before 1980, while 40 percent date from the 1980-2010 period. No sales involved buildings constructed after 2010, revealing a neighbourhood characterized primarily by heritage and mid-century residential architecture. Prospective buyers should be aware that purchasing in this area typically means acquiring a condo in a more established building. In 40 percent of the sales recorded, the transaction was concluded without a legal warranty of quality. This is a standard consideration in real estate acquisitions and underscores the importance of conducting thorough inspections and due diligence checks before finalizing a purchase, practices that apply regardless of warranty status. For buyers, La Cité-Limoilou offers established neighbourhoods with mature character at prices that reflect genuine neighbourhood appeal. For sellers, the moderate market pace and near-asking-price sales suggest realistic pricing and steady buyer interest. To explore current property values and market conditions in La Cité-Limoilou, consider using a detailed real estate estimator tailored to this neighbourhood's specific dynamics.