Terrebonne condo market — January 2025
Based on 9 actual sales · CourtiConnect
Market context: condo in Terrebonne
The condo market in Terrebonne recorded 9 sales in January 2025, with a median price of $425,000 and an average price of $426,694. This neighbourhood sits slightly above the broader Terrebonne market, commanding a premium of 0.2% relative to the city-wide median of $424,000 over the trailing twelve months, which encompassed 77 sales. The modest price differential reflects a neighbourhood that is competitive within Terrebonne's overall condo landscape, neither commanding a significant premium nor trading at a discount compared to the broader municipal market. The pace of sales activity, represented by the sample of 9 transactions, suggests a moderate level of market engagement for January. While average days on market was not documented for this period, the transaction volume indicates steady interest from buyers exploring this neighbourhood's offerings. The sale-to-asking price ratio, documented across 6 of these sales, reached 0.995, indicating that buyers are negotiating effectively and properties are closing fractionally below asking prices. This ratio reflects a balanced dynamic between buyers and sellers, with neither party holding overwhelming leverage in these documented transactions. The building profile in this neighbourhood leans toward newer construction, with 56% of the January sales involving properties built after 2010 and 44% from the 1980 to 2010 period. This composition reflects a neighbourhod anchored in relatively modern housing stock, with the absence of any pre-1980 units suggesting limited presence of older, heritage-era condos. Buyers should be aware that 22% of January sales were concluded without a legal warranty of quality, a figure that simply reflects normal due diligence expectations—such purchases typically involve thorough inspections and standard checks to evaluate property condition and systems. For buyers entering this market, the balanced pricing relative to Terrebonne and the modern building mix present a straightforward proposition aligned with current municipal valuations. For sellers, the slight below-asking trend on documented sales underscores the importance of realistic pricing and presentation to attract decisive offers. To explore how your property or target purchase aligns with these January 2025 dynamics, consider using the real estate estimator tool tailored to Terrebonne's current market conditions.