Le Plateau-Mont-Royal condo market — July 2026
Based on 34 actual sales · CourtiConnect
Market context: condo in Le Plateau-Mont-Royal
The condo market in Le Plateau-Mont-Royal recorded 34 sales in July 2026, with a median price of $662,500 and an average price of $755,826. This neighbourhood continues to command a premium within Montréal's broader market, sitting 14.6 percent above the city-wide median of $578,000 over the trailing twelve months, which was established from 1,733 documented transactions across all of Montréal. The price differential reflects the neighbourhood's desirability and established character, though the six-month trend shows a significant correction, with the median price declining 23.9 percent over that period, signalling a market adjustment after earlier peaks. The average time a property spent on market in July 2026 was 57 days, a figure that speaks to a deliberate sales pace rather than a urgency-driven market. This timeframe suggests that buyers are taking measured time to evaluate properties and that inventory is moving at a steady, sustainable rate rather than being absorbed with speed or stalling without interest. Such a pace typically allows both buyers and sellers sufficient opportunity to negotiate and make informed decisions. Among the 34 documented sales, the average sale-to-asking price ratio was 0.988, meaning that properties sold, on average, just below their list price. This ratio indicates relatively balanced market leverage, with neither buyers nor sellers commanding a decisive advantage in negotiations across these transactions. Properties are being sold close to their asking expectations, reflecting a market in equilibrium. The building stock in Le Plateau-Mont-Royal, as evidenced by the sales mix, is predominantly older, with 65 percent of transactions involving buildings constructed before 1980. A further 21 percent date from the 1980-to-2010 period, while only 15 percent represent post-2010 construction. This composition underscores the neighbourhood's character as a well-established residential area with heritage-era buildings alongside more contemporary renovations and developments. Among the 34 sales, 15 percent were concluded without a legal warranty of quality, a situation that remains well within the scope of standard buyer due diligence. Purchasers acquiring such properties typically proceed with professional inspections and customary verifications to assess condition and identify any maintenance priorities before closing. For buyers, Le Plateau-Mont-Royal presents established neighbourhoods with strong fundamentals, though the recent price correction warrants careful evaluation of value. For sellers, the current balanced market requires realistic pricing and willingness to allow adequate exposure time to reach qualified purchasers. To understand how a specific property in Le Plateau-Mont-Royal might align with current market conditions, consider using the real estate estimator to obtain a tailored valuation based on recent comparable transactions.