Mont-Royal condo market — May 2025
Based on 8 actual sales · CourtiConnect
Market context: condo in Mont-Royal
The condo market in Mont-Royal recorded eight sales in May 2025, with a median price of $565,000 and an average price of $608,063. Within the broader context of Mont-Royal, this neighbourhood's median sits 6.6 percent below the city-wide median of $605,000 over the trailing twelve months, positioning it as a more affordable segment relative to the municipality's overall condo landscape. This differential reflects distinct market positioning and may appeal to buyers seeking value within Mont-Royal's boundaries. The average time on market for these eight documented sales was 49 days, a figure that speaks to a moderate pace of transaction closure. Such a timeline suggests neither an exceptionally tight seller's market nor an extended holding period typical of slower conditions. Properties moved through their selling cycle within roughly seven weeks, which is consistent with a market where both buyer interest and seller motivation remain reasonably balanced. The sale-to-asking price ratio across the eight documented sales was 0.972, indicating that properties in this sample sold at approximately 97.2 percent of their initial asking price. A ratio below 1.0 reveals that sellers negotiated downward from their original listings, a pattern that reflects modest buyer leverage in the transactional dynamic during this period. This metric is grounded in the eight recorded sales and offers insight into the negotiating environment for that specific month. The building profile across the eight sales shows considerable diversity in vintage. Sixty-three percent of the sales involved properties built after 2010, reflecting a substantial presence of modern units. Properties constructed between 1980 and 2010 accounted for 13 percent of sales, while 25 percent dated from before 1980. This composition indicates a market skewed toward newer construction, though older inventory continues to circulate. One quarter of the eight sales, representing two transactions, concluded without a legal warranty of quality. This outcome is simply part of ordinary due diligence in real estate transactions; buyers in any market should conduct inspections and pursue standard title checks and property assessments as part of their purchase process, regardless of warranty status. Such precautions are routine protective measures. For buyers, this market presents moderate pricing relative to Mont-Royal overall and a reasonable transaction timeline within a balanced negotiating environment. For sellers, the current dynamic requires realistic pricing expectations given the sale-to-asking pattern observed. To estimate a property's value in this neighbourhood, consider using the available estimator tool, which can provide guidance based on current market data.