Mirabel condo market — May 2025
Based on 24 actual sales · CourtiConnect
Market context: condo in Mirabel
In May 2025, the condo market in Mirabel recorded 24 documented sales transactions with a median price of $379,000 and an average price of $413,365. This neighbourhood median sits 1.6 percent below the city-wide median of $385,000 across the trailing twelve-month period (111 sales), positioning this area as a modestly more affordable segment within Mirabel's broader condo landscape. The pace of sales reflects a measured market environment. Properties spent an average of 76 days on the market, a timeline that suggests moderate buyer interest and a relatively balanced dynamic between supply and demand. This duration indicates neither an exceptionally brisk nor a sluggish sales cycle, but rather a market where buyers have reasonable opportunity to make considered decisions and sellers retain capacity to attract qualified interest. Regarding buyer and seller leverage, the documented sales show an average sale-to-asking price ratio of 0.983 across the 24 transactions. This figure, slightly below the one-to-one threshold, indicates that properties in this sample were closing at approximately 1.7 percent below their initial asking prices on average. The data points to a market where sellers hold modest negotiating room but buyers retain some ability to secure modest reductions, reflecting a fundamentally balanced negotiating environment. The building profile skews decisively toward newer construction. Among the 24 documented sales, 83 percent of units were built after 2010, while 17 percent date to the 1980–2010 period. No properties in the sample were built before 1980. This composition reflects Mirabel's relatively recent development patterns and suggests that the majority of condos trading in this market are modern structures with contemporary building systems and finishes. In the course of normal due diligence, buyers should be aware that 4 percent of the 24 documented sales concluded without a legal warranty of quality. As with any real estate transaction, purchasers are encouraged to undertake inspections and standard investigations to verify property condition and identify any concerns requiring attention or negotiation. For buyers, this market offers access to predominantly newer housing stock at prices modestly below the city median, supporting consideration of properties in this segment. For sellers, the balanced pace and near-ask pricing outcomes suggest a fair market where properly positioned properties attract steady interest. To explore the value of your property or to identify condo opportunities in Mirabel tailored to your needs, consider using a professional real estate estimator to refine your market understanding.