Mirabel house market — March 2025
Based on 61 actual sales · CourtiConnect
Market context: house in Mirabel
In March 2025, the residential real estate market in Mirabel recorded 61 documented sales with a median price of $675,100 and an average price of $718,949. This neighbourhood performs slightly below the city-wide median when compared to Mirabel as a whole, which sits at $681,250 over the trailing twelve months—a difference of 0.9% in favour of the broader market. This positioning suggests relatively consistent valuations across the city, with this particular area maintaining competitive pricing within the local context. The pace of sales activity reflects a market in steady motion, though average days on market data for this specific neighbourhood in March was not available in the current dataset. Understanding the time properties spend listed would provide additional insight into buyer demand and inventory velocity, but the volume of 61 transactions within the month indicates meaningful transaction activity in this segment. A particularly revealing metric is the sale-to-asking price ratio, which averaged 0.983 across the 61 documented sales. This figure—below 1.0—indicates that properties in this neighbourhood are closing slightly below their initial asking prices on average, suggesting a market where sellers' leverage remains measured and buyers retain meaningful negotiating capacity. This data reflects the documented sales only and provides a clear picture of price negotiation patterns. The building stock here skews distinctly toward newer construction. Of the 59 sales with available building age data, properties built after 2010 account for 61 percent of transactions, while those constructed between 1980 and 2010 represent 34 percent. Only 5 percent of sales involved homes built before 1980. This composition reflects a neighbourhood characterised by modern housing stock, likely appealing to buyers seeking contemporary features and potentially lower immediate maintenance demands. In the course of due diligence, buyers should be aware that 11 percent of the 61 documented sales were concluded without a legal warranty of quality. This is a standard point to address during any purchase process through professional home inspection and customary title verification, part of the normal examination steps any prudent buyer undertakes. For buyers, this neighbourhood offers relatively balanced negotiating room within a market of modern homes. For sellers, understanding that properties are settling slightly below initial asking prices underscores the importance of realistic pricing from the outset. To explore how a specific property might be valued in this market, consider using the real estate estimator tool to assess current conditions in Mirabel.